Finance
Meta Implements Major Workforce Reduction, Impacting 6,000 Employees
May 25, 2023 – In a surprising turn of events, Meta, formerly known as Facebook, has announced a significant workforce reduction, affecting approximately 6,000 employees. This move comes as Meta continues to realign its operations and streamline its workforce in response to evolving market conditions. Employees from various departments such as marketing, website security, enterprise…
Tesla CEO Elon Musk Plans to Announce Next Factory Location by Year’s End
May 24, 2023 – In an exclusive interview with The Wall Street Journal today, Elon Musk, the CEO of Tesla, hinted at the company’s plans to announce the location of its next factory before the end of this year. “We might select another site by the end of this year,” Musk revealed earlier today during…
Breaking Records: PlayStation VR2 Surpasses Sales Expectations
May 24, 2023 – In a highly anticipated announcement, Sony unveiled the next generation of virtual reality gaming with the release of PlayStation VR2. Priced at $559 and set to hit stores worldwide on February 22, 2023, this advanced VR system promises to redefine the gaming experience. Building upon the success of its predecessor, the…
Anthropic Raises $450 Million to Fuel Development of Ethical AI Systems
May 24, 2023 – In a recent announcement from San Francisco, California, Anthropic, an AI startup, revealed securing a staggering $450 million in Series C funding. This round was led by Spark Capital, with participation from notable investors such as Google, Salesforce Ventures, Sound Ventures, and Zoom Ventures. Prior to this round, Google had already…
Samsung Electronics Reclaims Milestone with Foreign Ownership Reaching 52.08%
May 23, 2023 – In a significant milestone for Samsung, the latest data disclosed by the Korean Exchange reveals that as of May 19, 2023, foreign ownership of Samsung Electronics has rebounded to 52.08%, reaching levels last seen on March 4, 2022. According to the disclosed information, foreign investors had been fervently selling off Samsung…
Twitter’s Future Unveiled: X Corp.’s Recruitment Drive for a Universal Application
May 22, 2023 – In a surprising turn of events, Elon Musk’s acquisition of Twitter last year has sparked the birth of a visionary project aiming to rival the likes of WeChat—a venture known as X Corp. Today, the company has commenced its ambitious quest by actively recruiting talented individuals. According to reports from Twitter…
Unveiling the Potential: Apple’s Multi-Billion Dollar Investment in MicroLED Research
May 18, 2023 – In the ever-evolving landscape of technology, Apple has been making substantial investments in the development of microLED technology over the past decade. These investments have amounted to at least $1 billion, paving the way for exciting advancements in display technology. MicroLED, a promising innovation, has presented Apple with significant challenges in…
Sony Explores Divestiture of Financial Businesses to Prioritize Entertainment and Image Sensors
May 18, 2023 – In a strategic move, Sony Corporation announced today that it is contemplating the divestiture of certain financial businesses as it focuses on expanding its presence in the realms of entertainment and image sensors. Sony revealed its consideration of splitting off Sony Financial Group within the next two to three years. The…
Transforming the Landscape: South Korea’s Bold Plans to Lead the Panel Market
May 18, 2023 – In a recent development, South Korean panel manufacturers, driven by Samsung Display and LG Display, are gearing up to regain their dominance in the global panel market by making substantial investments in the next five years. According to reports from international sources, the South Korean Ministry of Trade, Industry, and Energy…
Samsung Electronics Plans to Establish Semiconductor Plant near Tokyo
May 17, 2023 – In a surprising move, South Korean tech giant Samsung Electronics has announced plans to establish a state-of-the-art semiconductor manufacturing plant near Tokyo. This venture comes amidst reports indicating that the Japanese government is considering providing subsidies worth around 15 billion Japanese yen (approximately 77 million Chinese yuan or 11.5 million US…