Finance
U.S. Judge Temporarily Blocks Microsoft’s Acquisition of Activision Blizzard
June 14, 2023 – The Federal Trade Commission (FTC) of the United States has sought a temporary restraining order from a federal court in California, requesting the judge to halt the acquisition of video game development company Activision Blizzard by Microsoft Corporation. The FTC alleges that this acquisition may potentially violate antitrust laws. In a…
Collaborative Breakthrough: Hyundai Joins Forces with Samsung, SK, and LG in Automotive Alliance
June 13, 2023 – In a remarkable move, Hyundai has announced a groundbreaking alliance with Samsung, SK, and LG, aiming to revolutionize the electric vehicle industry by leveraging their combined strengths and resources. According to reports, Samsung will primarily contribute its cutting-edge semiconductor solutions for autonomous driving systems. SK, on the other hand, will focus…
AI-Powered Assistance: Meet Billie, IKEA’s Virtual Interior Design Consultant
June 13, 2023 -Innovative transformations are underway in the realm of interior design services as Swedish home furnishing giant, IKEA, takes a bold step towards revolutionizing its customer support. Recent reports from Reuters suggest that IKEA is reshaping its call center representatives into skilled interior design consultants. This strategic move aligns with the company’s determined…
$5.9 Billion Dividends Repatriated from Overseas Subsidiaries for Electric Vehicle Investments
June 12, 2023 – Hyundai Motor Group, the South Korean automotive conglomerate, has recently announced its plans to tap into the reserves of its overseas subsidiaries to ensure essential financial resources for expanding investments in the domestic electric vehicle (EV) sector. In particular, Hyundai Motor aims to increase the dividends from select overseas subsidiaries by…
Unbelievable Price Gap: Tesla Model 3 Costs Nearly 90,000 Yuan Less in the US than in China
June 9, 2023 – As a highly popular model globally, the Tesla Model 3 stands out in the Chinese market with its competitive price compared to other regions. It is also one of the areas with the lowest prices worldwide. However, when considering various subsidies, the starting price of Tesla in the United States can…
Driving the Green Revolution: Toyota’s Groundbreaking EV Battery Lab Takes Center Stage in Michigan
June 9, 2023 – In a significant move towards electrification, Toyota Motor Corporation announced yesterday that it will establish a state-of-the-art laboratory dedicated to the research and development of electric vehicle (EV) batteries. With an investment of nearly $50 million (approximately 356 million RMB), the laboratory will be located at Toyota’s North American Research and…
Disassembling the Byd Dolphin: A Deep Dive into Revolutionary Engineering
June 8, 2023 – A Closer Look at Byd’s Innovation: Unveiling the All-New Dolphin In a remarkable display of technological prowess, renowned publisher Nikkei BP has recently unveiled its latest venture into the realm of automotive exploration. With a rich history of dismantling and meticulously documenting electric vehicles such as Nissan’s Leaf, Tesla’s Model 3…
OpenAI CEO’s Unconventional Stance: No Plans for Company IPO
June 7, 2023 – OpenAI CEO, Sam Altman, made an intriguing announcement during a conference in Abu Dhabi. Altman revealed that due to the unconventional nature of the company’s structure, there are currently no plans for OpenAI to go public. Altman emphasized that when they eventually develop superintelligence, they may make decisions that seem peculiar…
Innovation Takes Center Stage: Samsung’s Galaxy Z Flip 5 Redefines Smartphone Technology
June 7, 2023 – Samsung is gearing up for an exciting release next month as they prepare to unveil their latest addition to the world of foldable smartphones, the Galaxy Z Flip 5. Tech enthusiast Yogesh Brar took to Twitter today to share some intriguing details about the upcoming device. Rumored to be powered by…
Mongolian Prime Minister and Tesla CEO Explore Collaborations in Electric Vehicle Industry
June 7, 2023 – In a virtual meeting held today, Mongolian Prime Minister Oyun-Erdene had a productive discussion with the renowned entrepreneur and CEO of Tesla, Elon Musk. The focus of their conversation revolved around the potential investments and collaborations in the electric vehicle sector. During the meeting, both parties explored the possibilities of a…