Financial Constraints Stall Rural American Operators’ Push to Replace Huawei, ZTE Gear
July 15, 2024 – The Federal Communications Commission (FCC) has unveiled a distressing update on the progress of removing Chinese-made telecommunications equipment from rural American networks, highlighting significant financial constraints that have hindered the completion of the mandated task. According to the latest FCC report, a staggering over 40% of rural carriers have been unable…
CATL Aims to Raise $1.5 Billion for Global Supply Chain Development
July 13, 2024 – According to a report by the Financial Times today, CATL, the world’s largest electric vehicle battery manufacturer, is currently in negotiations with overseas sovereign wealth funds and the private offices of ultra-high-net-worth individuals to raise a $1.5 billion fund for establishing its global supply chain. The report, citing informed sources, stated…
Micron Faces HBM3E Memory Packaging Defect, Disrupting Supplies to NVIDIA’s H200
July 13, 2024 – According to a report by ZDNet Korea, Micron’s HBM3E memory encountered a packaging defect last month, causing heating issues and disrupting the mass production process. Micron announced the mass production of its HBM3E memory based on the 1β process on February 26, 2024, and began supplying NVIDIA with the memory in…
AT&T Hack Exposes Phone and Text Records of Numerous Users
July 13, 2024 – AT&T disclosed on Friday that hackers had breached a third-party cloud platform, compromising a significant amount of customer data. The stolen information encompassed phone numbers of cellular and landline customers, along with their call and text records spanning a six-month period from May 1, 2022, to October 31, 2022. Additionally, the…
SAIC Group to Set Up First European EV Factory in Spain, Targeting 2027 Launch
July 13, 2024 – According to reports from Europa Press and Expansión, the SAIC Group is considering establishing its first electric vehicle factory in Europe in Spain, dedicated to producing MG cars for sale across the region. The company is currently in discussions with the Spanish Ministry of Industry regarding the potential set-up of the…
Vinfast Scales Back 2024 Delivery Outlook, Now Aiming for 80,000 Units
July 13, 2024 – In a recent announcement, Vietnamese automotive upstart Vinfast has revised its delivery projections for 2024, slashing the anticipated tally from an initial target of 100,000 units to a more modest 80,000. This strategic adjustment underscores the company’s commitment to realistic targets amidst a dynamic market landscape. Delving into the performance metrics,…
Apple Agrees to EU Terms: NFC Access for Third-Party Mobile Wallets
July 12, 2024 – In a landmark decision, the European Union Commission has announced its acceptance of Apple’s commitments regarding contactless payment technology, formally binding the pledges under EU antitrust regulations. The move follows allegations that Apple’s exclusivity in granting NFC (Near Field Communication) access on iOS devices to Apple Pay alone, denied to third-party…
Intel Set to Launch Arrow Lake-S Desktop Processors in Early-Mid October
July 12, 2024 – Intel is poised to disrupt the desktop processor market with the impending release of its “Arrow Lake-S” Core Ultra 200 series, scheduled for the first half of October this year, according to reliable sources cited by Taiwanese tech outlet BenchLife.info. Strategically timed to avoid the peak holiday season in China during…
OpenAI on the Brink: Nearly Attaining the Second Tier of AGI Development
July 12, 2024 – In a groundbreaking move, OpenAI has unveiled a five-tier framework for assessing the progress towards Artificial General Intelligence (AGI), marking a significant milestone in the evolution of AI capabilities. Senior executives within the company have shared with their staff that OpenAI currently positions itself at the initial stage of this hierarchy,…
Graphcore’s Fate Sealed: British AI Chipmaker Now Under SoftBank’s Wing
July 12, 2024 – In a major shakeup within the AI chip landscape, Japan’s SoftBank Group has officially acquired Graphcore, a struggling British AI chipmaker, in a deal that will see the latter operate as a wholly-owned subsidiary under SoftBank’s umbrella while retaining its brand identity. The financial terms of the transaction remain undisclosed. Founded…