Meta Fires Employees Over Abuse of $25 Meal Allowance
October 18, 2024 – According to a report by the Financial Times, Meta has terminated over 20 employees in Los Angeles due to the misuse of a $25 meal voucher. It is understood that Meta employees are entitled to a daily allowance of 70,whichincludesanadditional25 specifically designated for meals, essentially Grubhub credits for internal use within…
Intel CEO Delivers First Panther Lake Processor Sample to Lenovo
October 17, 2024 – At the 2024 Lenovo Tech Innovation Conference, Intel CEO Pat Gelsinger personally handed over the first sample of the Panther Lake processor to Lenovo CEO Yang Yuanqing. Gelsinger emphasized that the collaboration between Intel and Lenovo, which began with the Meteor Lake and Lunar Lake processors, as well as the long-battery-life…
BMW Urges EU to Reconsider 2035 Ban on New Fuel Cars: Labels It Unrealistic
October 17, 2024 – At the Paris Auto Show on Tuesday local time, BMW CEO Oliver Zipse made a clear statement advocating for a new regulatory approach in Europe. He emphasized the need for Europe to leverage its technological advantages and reduce reliance on battery imports. According to reports from AutoNews and Bloomberg, Zipse suggested…
Stellantis to Decide Fate of UK Factories in Coming Weeks Amid Zero-Emission Mandate
October 17, 2024 – Following months of dialogue with the UK government regarding the mandatory sales of zero-emission vehicles, Stellantis NV CEO Carlos Tavares has revealed that the company is on the cusp of making a critical decision about its future in Britain. The automaker, which owns the British brand Vauxhall, had previously cautioned in…
German States Pledge to Avert Volkswagen Factory Closures and Layoffs
October 17, 2024 – In a significant development on Tuesday, four German federal states – Lower Saxony, Saxony, Hesse, and Berlin – have vociferously opposed the closure of Volkswagen factories and layoffs within their jurisdictions, according to Eurasia Daily. A jointly signed document by the states’ economic ministers stated, “All factories must remain fully intact.”…
Amazon Confirms Kindle Oasis Discontinuation: Physical Page-Turn Buttons Bid Farewell
October 17, 2024 – Amazon has confirmed the discontinuation of its Kindle Oasis, which was the company’s only e-reader model still featuring physical page-turning buttons. This announcement comes on the heels of the unveiling of a refreshed Kindle product line, with the company also affirming to The Verge that they will no longer produce the…
Historic Moment: Intel and AMD Unite to Defend the x86 Ecosystem
October 16, 2024 – In a surprising move, Intel announced today that they have formed an x86 Ecosystem Advisory Group with AMD, marking a historic collaboration between the two tech giants. This group aims to shape the future of the x86 architecture, simplify software development, and ensure interoperability and consistent interfaces. According to Intel CEO…
ASML Shares Plummet 16% as Company Slashes 2025 Sales Expectations
October 16, 2024 – On Tuesday, leading photolithography machine manufacturer ASML predicted lower than expected sales and orders for 2025, citing persistent weakness in certain segments of the semiconductor market. This announcement triggered a significant drop in the company’s share price, resulting in the largest single-day decline since 1998. Despite a robust demand for chips…
Lenovo and NVIDIA Unveil Groundbreaking Liquid-Cooled AI Server
October 16, 2024 – At its annual global innovation event, Tech World 2024, Lenovo Group unveiled the sixth-generation vertical liquid cooling product, ThinkSystem N1380 Neptune, designed to power generative AI computations. During the conference, Lenovo announced a collaboration with NVIDIA to introduce the Lenovo Hybrid AI Comprehensive Advantage Set. Furthermore, they launched the ThinkSystem SC777…
Stellantis CEO Warns: EU Tariffs on Chinese EVs to Hasten Closure of Local Auto Plants
October 16, 2024 – Reuters reported that on the 15th local time, Stellantis CEO Carlos Tavares issued a warning: the tariffs imposed by the European Union (EU) on Chinese electric vehicles (EVs) would accelerate the closure of local automobile manufacturing plants in Europe. In Tavares’s view, imposing tariffs on Chinese EVs would compel Chinese automakers…