Nokia Faces 28 Million Euro Loss as HMD Global Struggles with Financial Performance
June 03, 2024 – Nokia has recently unveiled its 2023 financial results, highlighting a significant revenue stream generated by its technology division, which oversees the company’s patent portfolio. Despite a slight dip in figures, the division managed to secure approximately 1.3 billion euros (currently equivalent to approximately 10.231 billion yuan) in annual net sales through…
Tesla Faces Regulatory Divergence: Canada Orders Reversion of Brake Indicators
June 03, 2024 – In a regulatory divergence, the Canadian Department of Transport has mandated Tesla to revert the brake and parking indicators in its vehicles back to iconic symbols. Prior to this directive, Tesla had complied with a recall request from the National Highway Traffic Safety Administration (NHTSA) in the United States, converting these…
Gurman: Apple Expected to Skip M4 Chip for Mac Lineup at WWDC 2024
June 03, 2024 – Despite the recent launch of the iPad Pro equipped with the cutting-edge M4 chip, Bloomberg’s Mark Gurman has revealed in a recent communication that Apple will not unveil any Mac computers powered by the M4 chip during the upcoming WWDC 2024. This news comes as a surprise given the high anticipation…
NHTSA Demands Records from Tesla Amid Steering Malfunction Controversy
May 31, 2024 – The National Highway Traffic Safety Administration (NHTSA) announced on Wednesday that it has launched an investigation into potential power steering failure issues in Tesla’s Model 3 and Model Y vehicles. The agency has requested relevant records from Tesla to aid in the investigation. Having escalated its preliminary assessment to a full-blown…
Apple Delays Enhanced Siri for iOS 18, Set for 2025 Release
May 31, 2024 – Apple is set to unveil iOS 18 at its WWDC keynote on June 11, with multiple AI-driven features expected to be introduced. According to previous reports from IT Home, iOS 18 is anticipated to bring improvements to the Siri voice assistant, along with additions such as a system application summary function…
Google Partners with Magic Leap to Revive its Augmented Reality Ambitions
May 31, 2024 – On May 30th, local time, Magic Leap, an augmented reality (AR) startup, announced the establishment of a strategic technology partnership with Google, as confirmed by a Google spokesperson. According to the statement, this collaboration aims to integrate Magic Leap’s expertise in optics and device manufacturing with Google’s technological platform. Google, being…
Musk Denies SpaceX Subsidizes Rocket Launches, Claims Profitability in Every Rideshare Mission
May 31, 2024 – As SpaceX gears up for its highly anticipated fourth test flight of Starship on June 5, Elon Musk, the company’s leader, has refuted claims that SpaceX subsidizes its Falcon 9 rocket rideshare and other launch missions. This rebuttal comes in the wake of allegations made by a competing CEO, who accused…
OpenAI Set to Transition to For-Profit Model to Boost Investor Incentives
May 31, 2024 – According to a recent report from The Information, sources close to the matter have revealed that Sam Altman, CEO of OpenAI, is contemplating a significant change in the company’s structure. Altman is considering reorganizing OpenAI into a fully-fledged for-profit entity, primarily to address the ongoing tension between its non-profit status and…
Samsung Faces First-Ever Strike as Labor Talks Collapse
May 30, 2024 – The National Union of Samsung Electronics Workers in Korea has announced a breakdown in labor negotiations with the tech giant, leading to a historic decision to stage the first-ever strike in Samsung Electronics’ 55-year history on June 7th. As the largest labor union within Samsung Electronics, the National Union boasts a…
OpenAI Assists Apple in Enhancing Siri, Sparking Microsoft’s Worries
May 30, 2024 – According to a blog post by tech media outlet The Information yesterday, Apple had been in contact with OpenAI as early as mid-2023, sparking concerns from Microsoft regarding the potential deal between the two companies. Apple and OpenAI have been in negotiations for a year It is reported that Apple will…