ITBEAR

Why Are Japanese Cars Losing Ground? Toyota Faces Major Sales Declines in Japan and China

June 03, 2024 – Amidst intensifying competitive pressures, Toyota, the world’s leading automotive manufacturer, is facing a significant downturn in its vehicle sales. Recent data reveals that in April, the company’s global production slipped to 756,254 units, marking a 4% year-on-year decline. Simultaneously, global sales also edged down to 797,097 units, maintaining a three-month streak…

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NVIDIA’s Huang Suggests CPU’s Obsolescence, Hinting at Potential Intel, AMD, Qualcomm Acquisitions

June 03, 2024 – In a recent public address, Jensen Huang, a renowned industry figure, sparked a debate by suggesting that the CPU era is gradually coming to an end, citing its diminishing performance scalability and the pressing need for accelerated processing of intensive applications. Huang’s speech highlighted the significant slowdown in the performance scaling…

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Sony Pictures Embraces Generative AI for Cost-Effective and Efficient Filmmaking

June 03, 2024 – Sony Pictures Entertainment, a global leader in film and television production, has revealed its intention to harness the power of generative AI in filmmaking, as reported by The Hollywood Reporter. At a recent investor conference, Chief Executive Officer Tony Vinciquerra emphasized the company’s focus on leveraging AI technology to streamline production…

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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…

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