Finance
Apple Bolsters AI Capabilities with Acquisition of DarwinAI
March 15, 2024 – Apple has made a significant move in the artificial intelligence (AI) space with the acquisition of DarwinAI, a Canadian startup specializing in understanding and optimizing deep neural networks, according to recent media reports. Headquartered in Canada, DarwinAI boasts a core technology that leverages AI to comprehend the intricacies of deep neural…
Microsoft CEO Nadella: Google Should Have Led in AI, But Reality Tells a Different Story
March 14, 2024 – In a recent statement, Microsoft CEO Satya Nadella expressed his belief that Google, given its resource advantages, should have been the frontrunner in the artificial intelligence race. According to Nadella, Google possesses exceptional capabilities, including top-tier talent, powerful computing resources, and vertical integration spanning from data processing to chip development, model…
OpenAI’s Sora to Revolutionize Video Production with Public Launch Later This Year
March 14, 2024 – In a recent interview, Mira Murati, the Chief Technology Officer of OpenAI, announced that Sora, a highly anticipated product, is set to be officially unveiled to the public later this year, “possibly within a few months.” According to Murati, Sora will feature sound effects and allow users to edit the video…
Global Top 10 Wafer Foundries Generated $304.9B in Q4 2023, with SMIC at 5th and Hefei Nexchip Returning to 9th
March 13, 2024 – According to the latest report released by TrendForce, a leading market research firm, the top ten wafer foundries globally generated a revenue of US$304.9 billion in the fourth quarter of 2023. Among them, SMIC secured the fifth spot while Hefei Nexchip re-entered the list at ninth place. TSMC retained its top…
LG Energy Solution and Qualcomm Collaborate on Advanced BMS Diagnostic Solution for Electric Vehicles
March 12, 2024 – LG Energy Solution has announced a collaboration with Qualcomm to develop a cutting-edge Battery Management System (BMS) diagnostic solution for the next generation of electric vehicles, according to recent media reports. Through this partnership, LG Energy Solution intends to integrate its BMS diagnostic software with specific features of Qualcomm’s Snapdragon Digital…
Samsung Commences Construction of 8.6-Gen IT OLED Production Line to Bolster Display Market Leadership
March 10, 2024 – Samsung Display announced today that it has commenced the construction of a new 8.6-generation IT Organic Light-Emitting Diode (OLED) production line, marking a strategic move to solidify its leadership in the global flat-panel display market. As part of the plan, Samsung Display will transform its existing L8 production line at the…
Microsoft Bids Farewell to Mobile Ambitions as Its Mobile Communication Company Gets Cancelled
March 08, 2024 – Recent reports from Tianyancha, a Chinese corporate information platform, reveal that Microsoft Mobile Communication Co., Ltd. has undergone a significant change in its business status, shifting from “active” to “cancelled.” Established in March 1995, the company boasted a rich history spanning 29 years and was led by Benjamin O. Orndorff as…
Mercedes-Benz and BMW Joint Venture Lands in Beijing Chaoyang to Boost EV Charging Infrastructure
March 05, 2024 – Beijing Chaoyang District welcomes the official establishment of Beijing Yi’anqi New Energy Technology Co., Ltd., a joint venture between Mercedes-Benz and BMW with a 50:50 equity ratio. This significant development marks a new chapter in the collaborative efforts of these two automotive giants in the Chinese market. On November 30, 2023,…
Samsung Considers Adopting MUF Technology for Next-Gen DRAM: Report
March 04, 2024 – According to recent reports from TheElec, Samsung is considering the application of Molded Underfill (MUF) technology in its next-generation DRAM. The company has recently tested an MR MUF process for 3D-stacked (3DS) memory, which showed improved throughput compared to Thermal Compression Non-Conductive Film (TC NCF) but experienced some deterioration in physical…
Alibaba Cloud Unveils Historic Price Cuts at 2024 Strategy Conference
February 29, 2024 – Today marks a significant milestone for Alibaba Cloud as they hosted their “2024 Alibaba Cloud Strategy Conference,” announcing unprecedented price reductions across their entire product line on their official website. With an average discount exceeding 20% and a maximum reduction of 55%, this move represents the most significant offer in the…