Finance
Microsoft Welcomes OpenAI Visionaries Sam Altman and Greg Brockman
November 20, 2023 – Microsoft CEO Satya Nadella has recently disclosed that OpenAI founders Sam Altman and Greg Brockman are set to join the Microsoft team. We remain dedicated to maintaining a collaborative relationship with OpenAI and are confident in our product roadmap, the innovation pledged at Microsoft Ignite, and our continued ability to support…
Energizing America: Unleashing Billions to Propel Electric Vehicle Growth
**November 20, 2023 – Powering America’s Electric Vehicle Revolution** In a strategic move to catalyze the domestic electric vehicle (EV) industry, the United States has witnessed an infusion of billions of dollars through two groundbreaking legislations: the “2022 Inflation Reduction Act (IRA)” and the “Bipartisan Infrastructure Law.” This financial boost aims to stimulate localized battery…
Driving Innovation: Hyundai Vehicles Now Available for Direct Purchase on Amazon
November 17, 2023 – In a joint statement released today, Amazon and Hyundai announced a collaborative initiative set to kick off next year, marking the commencement of Hyundai car sales directly on Amazon’s U.S. website. Customers will now have the convenience of purchasing Hyundai vehicles directly through Amazon.com, with the added benefit of arranging delivery…
Samsung Ends Collaboration with BOE: Supply Chain Shifts Unfold
November 17, 2023 – The collaboration between Samsung Electronics and BOE Technology seems to have reached its conclusion. According to Businesskorea, Samsung has removed BOE from its supply chain. BOE, a supplier of LCD panels to Samsung, contributed 10% of TV panels in the first quarter of 2023. However, in the third quarter of the…
Alibaba Group Announces September Quarter 2023 Results
HANGZHOU, China–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter ended September 30, 2023. “Alibaba Group delivered a solid quarter, marked by renewed momentum and energy across multiple businesses as a result of our strategic reorganization….
Changing Tides: Declining iPhone Prices in the US Market
November 16, 2023 – According to a recent report from Consumer Intelligence Research Partners (CIRP), the US Weighted Average Retail Price (US-WARP) for iPhones continued its decline in the third quarter of 2023, dropping from $948 in the previous quarter to $918. Since Apple discontinued the public disclosure of the Average Selling Price (ASP) of…
Double the Speed: HPE and NVIDIA’s Unified Supercomputing Solution
November 15, 2023 – Hewlett Packard Enterprise (HPE) has recently announced a groundbreaking collaboration with NVIDIA, unveiling a cutting-edge supercomputing solution tailored for generative AI applications. This collaboration aims to assist large enterprises, research institutions, and government organizations in accelerating the training and fine-tuning of AI models using proprietary datasets. Scheduled for a global launch…
Driving Economic Growth: Rivian’s $5 Billion Investment in Georgia’s Automotive Future
November 15, 2023 – Last week, officials in the state of Georgia announced that the American electric vehicle startup Rivian has signed an agreement with the state, granting approval for the construction of an electric vehicle factory in the Stanton Springs Industrial Area, east of Atlanta. According to the agreement, Rivian will lease land and…
Jim Rowan: Volvo Stands Firm on User Freedom Amid CarPlay Shift
November 15, 2023 – Volvo’s CEO, Jim Rowan, recently discussed General Motors’ decision to abandon CarPlay in an interview with The Verge. Rowan emphasized Volvo’s commitment to not restrict consumers, providing them the freedom to choose their in-car entertainment system. Customers can opt for Volvo’s in-house system, Apple CarPlay, or Google’s Android Auto based on…
Airbnb’s Strategic AI Expansion: Acquiring GamePlanner.AI
**November 15, 2023 – Airbnb Expands AI Capabilities with GamePlanner.AI Acquisition** In a strategic move, Airbnb announced on Tuesday the acquisition of GamePlanner.AI, a burgeoning artificial intelligence startup consisting of a team of 12 professionals. The financial details of the transaction remain undisclosed as Airbnb has chosen to keep the intricacies of the deal confidential….