Finance
GM’s Move Away from Apple CarPlay Backed by Software Head’s Strong Belief
November 05, 2024 – In a recent conversation released by The Verge, Baris Cetinok, Senior Vice President at General Motors (GM) responsible for software and services, product management, project management, and design, shared his insights on the company’s strategic decisions regarding in-car technology. Having joined GM from Apple just over a year ago, Cetinok emphasized…
Nvidia Eyes Investment in Elon Musk’s xAI, Seeking to Join Multibillion-Dollar Funding Round
November 05, 2024 – According to informed sources, Elon Musk’s AI startup, xAI, is planning to raise 5billionatavaluationofapproximately45 billion. Potential investors include venture capital firms such as Sequoia Capital, Andreessen Horowitz, and Vy Capital. Reports from The Information indicate that xAI representatives have disclosed to potential investors that Nvidia has engaged in discussions regarding xAI’s…
Innovative Startup Synchron Transforms Brain-Computer Interfaces with Its Non-Invasive Stentrode Device
November 04, 2024 – Backed by tech titans Jeff Bezos and Bill Gates, the startup Synchron is emerging as a frontrunner in the race for less invasive brain-computer interfaces. Founded in 2012 as SmartStent and later renamed in 2016, Synchron has raised a total of $145 million in funding, positioning it as a serious contender…
Samsung Initiates Unprecedented Voluntary Retirement Scheme, Cutting Over 30% of Foundry Staff
November 04, 2024 – According to recent media reports, Samsung Electronics executives have revealed plans to implement an unprecedented four-round large-scale voluntary retirement program. This initiative is particularly targeted at the company’s continuously loss-making wafer foundry manufacturing team, with the 8-inch foundry manufacturing and technical team facing a reduction of over 30% in its workforce….
Tesla Shareholders Back Musk’s $56 Billion Pay Package, Awaiting Final Verdict
November 04, 2024 – The fate of Tesla CEO Elon Musk’s $56 billion compensation package will be decided by the end of this year. Kathaleen McCormick, Chancellor of the Delaware Court of Chancery, indicated on Thursday that she would make a final ruling by the end of 2024. In January of this year, McCormick had…
Chip Industry Shakeup: Apple, Samsung, and Qualcomm in Bidding War for Intel
November 02, 2024 – Reports indicate that in the race to acquire Intel, not only is Qualcomm deeply interested, but Apple and Samsung are also throwing their hats into the ring. For Qualcomm, which is currently embroiled in a dispute with Arm, the prospect of owning x86 IP is particularly enticing. Meanwhile, Apple, which already…
Data Tampering Scandal Hits Panasonic: 93 Cases of Impropriety Across 40 Factories
November 02, 2024 – According to NHK reports, a subsidiary of Panasonic Holdings responsible for electronic components has engaged in misconduct such as tampering with data when registering component materials with certification authorities. A total of 93 instances of irregular operations have been confirmed. In response, top executives of the company will voluntarily return part…
Volkswagen Seeks 10% Pay Cut from German Workers as Q3 Profit Drops 42%
November 01, 2024 – According to Reuters, Volkswagen has requested a 10% pay cut from its German employees on Wednesday, citing it as the only way to save jobs and maintain competitiveness amid falling profits and threats of strikes from the labor union. The company, which is facing a three-year low in profits, has not…
Microsoft Reports $246.67 Billion Net Income in First Quarter of 2025 Fiscal Year, Up 11% Year-Over-Year
October 31, 2024 – Microsoft has released its financial results for the first quarter of the 2025 fiscal year, revealing a significant growth in revenue and net income. According to the report, the company’s revenue for the quarter stood at 655.85billion,markinga16565.17 billion reported in the same period last year. This growth was consistent when excluding…
Intel to Lay Off Hundreds at Polish R&D Center
October 30, 2024 – According to a report by the Warsaw Business Journal on October 29, citing documents submitted by Intel to the local labor office, the technology giant is planning to lay off hundreds of employees at its research and development center in Gdansk, Poland. In response to the report, an Intel spokesperson in…