KTM Embarks on Restructuring Journey to Dodge Bankruptcy
November 30, 2024 – KTM, the Austrian manufacturer, is navigating through one of the most intricate periods in its history, as reported by foreign media. The company, which is currently grappling with a significant financial crisis, has initiated European restructuring proceedings. Under the terms of the Restructuring of Enterprises (RoE) regulations, KTM is required to…
Future Emira Model May Feature Electric or Hybrid Technology, Suggests Lotus Europe CEO
November 30, 2024 – In a recent conversation with Autocar, Dan Balmer, the newly appointed CEO of Lotus Europe, hinted at the possibility of extending the lifespan of the iconic sports car, Emira, by equipping it with a hybrid powertrain. The current Emira, which debuted in 2021 as the successor to the Evora, Exige, and…
Intel CEO Visits Musk’s xAI Datacenter, Highlights Xeon CPU’s Role
November 30, 2024 – Following his visit to Elon Musk’s Memphis Supercomputing Center, Intel CEO Pat Gelsinger expressed his admiration for the xAI team and promoted the company’s Xeon CPUs. In a post on social media, Gelsinger revealed that xAI had chosen Intel Xeon processors for its head nodes, which are responsible for managing resource…
Tesla Launches New Rent-to-Own Program for Full Lineup in North America
November 30, 2024 – Tesla has introduced a new “Rent-to-Own” program in the North American market, offering customers the option to lease and then purchase a range of its vehicles, including the Model S, 3, X, Y, and the highly anticipated Cybertruck. Under this innovative scheme, consumers can choose to pay an initial deposit followed…
Apple Orders 3nm M5 Chips from TSMC, Production Expected to Start Next Year
November 30, 2024 – According to a report from The Elec, Apple has placed an order for its M5 chips with Taiwan Semiconductor Manufacturing Company (TSMC). The production of these chips is expected to commence in the latter half of 2025, with the first devices powered by the M5 chip potentially hitting the market by…
UK Reviews EV Transition Targets After Hearing From Automakers
November 30, 2024 – The UK government is reconsidering its electric vehicle (EV) sales targets following warnings and feedback from automakers, announcing plans to hold consultations on its zero-emission vehicle (ZEV) transition regulations. In January of this year, the government unveiled a roadmap to achieve a ZEV transition by 2035, with ambitions to have 80%…
xAI Valuation Skyrockets, Rewarding Twitter Acquisition Backers
November 29, 2024 – Investors who backed Elon Musk’s acquisition of Twitter are poised to reap significant benefits from the soaring valuation of his artificial intelligence venture, xAI, according to reports from the Financial Times. Musk has offered a 25% stake in xAI, which he founded last year to rival competitors like OpenAI and Anthropic,…
The Surprising Truth: 1 in 10 Programmers Are Barely Working, Yet Fully Paid
November 29, 2024 – A recent study conducted by Stanford University, involving over 50,000 software engineers from hundreds of companies, has revealed a surprising statistic: approximately 9.5% of these professionals are categorized as “phantom employees.” These individuals, despite holding positions within their respective companies, exhibit extremely low productivity levels—barely reaching one-tenth of the average and…
Creators Offering Boosting Services and Account Sales Face Ban from Riot Games Next Year
November 29, 2024 – Riot Games has recently updated its service terms, announcing a strict policy against account boosting and trading, effective from January 3rd of next year. The new measures, applicable to games like “League of Legends” and “Valorant,” aim to crack down on creators who provide or promote such services. According to the…
Maserati Unveils Limited-Edition GranTurismo 110th Anniversary Electric Sports Car
November 29, 2024 – Maserati has unveiled the GranTurismo 110th Anniversary Edition, a limited-run model based on the GranTurismo Folgore all-electric variant. With only 110 units slated for global production, the anniversary edition is set to make its official debut on November 30th. According to details released, the Maserati GranTurismo 110th Anniversary Edition will be…