OpenAI Forecasts 2029 Profitability After Anticipated $14B Loss in 2026
October 10, 2024 – According to a report by The Information, OpenAI predicts that it will achieve profitability by 2029, with revenues reaching $100 billion. However, until this point is reached, the company faces significant financial challenges. Based on an analysis of OpenAI’s financial documents, The Information estimates that the company could incur losses of…
Apple Veteran Dan Riccio Bows Out, Leaving Vision Pro as His Swan Song
October 10, 2024 – Bloomberg reports that Dan Riccio, a longtime Apple employee, is set to retire from the company later this month, marking the end of a 26-year career. Riccio, who most recently served as the Vice President of Engineering overseeing the development of Vision Pro, reported directly to Apple CEO Tim Cook. His…
Apple Maintains Stronghold in U.S. Teen Market: 87% Own an iPhone
October 10, 2024 – In Piper Sandler’s latest 2024 fall survey, emerging trends among U.S. teenagers reveal Nike’s continued dominance as their favorite brand, while Apple’s iPhone maintains its strong foothold in the youth market. The survey, which polled over 13,500 teens from 47 states, highlighted that 87% of the respondents own at least one…
Fisker’s Demand for Owners to Cover Recall Labor Costs Rejected by U.S. Justice Department
October 9, 2024 – Fisker, the struggling electric vehicle manufacturer, has sparked controversy with a proposal asking owners to bear the labor costs associated with multiple recall-related repairs. However, the U.S. Department of Justice, on behalf of the National Highway Traffic Safety Administration (NHTSA), has stated that such a move would be illegal under federal…
OpenAI Establishes Second Asian Office in Singapore, Following Tokyo
October 9, 2024 – On Wednesday, American artificial intelligence (AI) company OpenAI announced plans to open an office in Singapore later this year and has already begun assembling a team in the country. According to the company, Singapore will serve as a hub for supporting clients and partners in the Asia-Pacific region. The team will…
Lamborghini CTO: Timing Not Ripe for Fully Electric Supercar, Focus Remains on Hybrids
October 9, 2024 – At the recent Urus SE unveiling, Lamborghini Chief Technical Officer Rouven Mohr expressed skepticism about the current market readiness for a fully electric supercar. “The timing isn’t ripe yet for introducing an electric supercar,” Mohr stated. “There are already numerous electric models on the market, but they haven’t achieved true success.”…
BYD Projects 50,000 EV Sales in Mexico This Year, Doubling Next Year
October 9, 2024 – In a statement made on October 8th, Jorge Vallejo, the General Manager of BYD Mexico, anticipated that the company would sell 50,000 electric vehicles (EVs) in Mexico this year, with a target to reach 100,000 units by 2025. Vallejo also revealed that BYD would announce the location of its first manufacturing…
NVIDIA Predicts $20 Trillion Economic Boost from AI Adoption Across Industries
October 9, 2024 – On Tuesday, NVIDIA hosted a three-day “AI Summit” in the United States, where Bob Pette, Vice President and General Manager of NVIDIA’s Enterprise Platform Business, emphasized that the focus of the summit was more on the practical applications of AI rather than new product launches. Pette highlighted that industries worldwide are…
Apple Announces the End of an Era: iPhone 6, iPod nano, and shuffle Discontinued
October 9, 2024 – Apple has officially marked the end of an era by adding the seventh-generation iPod nano and fourth-generation iPod shuffle to its list of obsolete products, alongside the iPhone 6, which has now been classified as discontinued, following the earlier discontinuation of the iPhone 6 Plus. Additionally, the 2017 12-inch MacBook and…
California Governor Rejects AI Safety Bill SB 1047, Citing Innovation Hindrance
September 30, 2024 – California Governor Gavin Newsom has vetoed the controversial “Safe Innovation for Frontier Artificial Intelligence Model Act” (SB 1047), citing multiple factors that influenced his decision. These include the burden the bill would place on AI companies, California’s leading position in the field, and criticisms that the bill may be overly broad….