Sony RX100 VIII with AI and Vlog Features Set to Hit the Market by Year-End
June 22, 2024 – According to SonyAlphaRumors, Sony is planning to release the RX100 VIII camera by the end of 2024. This upcoming model is expected to introduce AI and Vlog-related features, marking a significant upgrade from its predecessor. Additionally, Sony is rumored to be launching a new lens to replace the current 24-200mm offering….
Samsung Expects 13% Boost in Smartphone and Tablet Production for First Half of 2024, Thanks to Galaxy AI Catalyst
June 22, 2024 – According to a report by The Elec, a Korean media outlet, Samsung Electronics is estimated to have exceeded its production forecast for smartphones and tablets in the first half of 2024. The company is expected to overachieve its production targets by 13% for the six-month period, driven by strong performance in…
Apple AI Seeks Partnership with Chinese Giants Baidu, Alibaba, and BaiChuan
June 22, 2024 – According to a report by The Wall Street Journal on Thursday, Apple is currently actively seeking partnership with a local Chinese company to launch its “Apple-branded AI,” Apple Intelligence, in China. The report mentioned that Apple has engaged in discussions with Baidu, Alibaba, and startup BaiChuan, although no agreements have been…
Tesla’s FSD Dilemma: Progress Brings New Hurdles, Says Musk
June 19, 2024 – At the 2024 annual shareholder meeting of Tesla, CEO Elon Musk discussed a significant challenge facing the company’s Fully Self-Driving (FSD) system. This challenge, which aligns with speculations made by industry insiders two years ago, could potentially impact Tesla’s goal of achieving autonomous taxi services. According to Musk, as the FSD…
Musk’s Acquisition Leads to a 40% Drop in X Platform’s 2023 Half-Year Revenue
June 19, 2024 – Since Elon Musk’s acquisition of the X platform, previously known as Twitter, the company has experienced a significant decline in revenue, as the billionaire entrepreneur had anticipated. According to regulatory documents obtained by Bloomberg, the X platform generated 1.48billioninrevenueduringthefirsthalfof2023,representingadecreaseofapproximately4044 billion. The documents also revealed that the X platform incurred a loss…
Samsung Targets “Super-Connected Ecosystem” with AI-Equipped Home Appliances Next Year
June 19, 2024 – According to a report by Businesses Korea on the 18th, Samsung Electronics plans to integrate AI functionality into its home appliances starting next year. Following the launch of its first AI smartphone, the Galaxy S24, earlier this year, Samsung aims to swiftly dominate the “super-connected ecosystem” spanning home appliances and smartphones,…
Apple Reportedly Settles With EU to Avoid $40 Billion Fine, Opens NFC for Mobile Payments
June 19, 2024 – Apple has reached a settlement with the European Commission in the long-running antitrust case related to its mobile payment service, Apple Pay, according to recent reports from FT. The agreement is expected to bring closure to the EU’s extended investigation into Apple’s payment system and may potentially lead to Apple supporting…
User Creations Safe from AI Training Under Adobe’s Updated Policy
June 19, 2024 – Adobe has faced significant backlash from users over the past few weeks due to updates in its service terms. However, this Tuesday, the company revealed its revised service terms, explicitly stating that it will not utilize user content stored locally or in the cloud for training AI models. According to the…
Warren Buffett Continues to Reduce Stake in BYD, Cashing Out Over HK$300 Million as Shareholding Drops to 6.9%
June 18, 2024 – Berkshire Hathaway, owned by Warren Buffett, has sold 1.3 million shares of BYD’s Hong Kong-listed stock on June 11th, realizing approximately HK$310.5 million. Following this reduction, Berkshire Hathaway’s stake in BYD’s issued H shares has decreased from 7.02% to 6.90%. This marks the 14th publicly disclosed reduction of BYD H shares…
Tesla Sues Former Supplier for Battery Tech Theft, Demands Over $1 Billion
June 18, 2024 – Tesla has filed a lawsuit against its former supplier, Matthews International, accusing the company of stealing its trade secrets and attempting to patent confidential information related to electric vehicle batteries. The legal action was initiated in the Northern District of California federal court on Friday. Despite both companies being headquartered outside…