Tech News
xAI, Led by Musk, Eyes $120B Valuation in Ongoing Funding Negotiations
May 9 2025 – According to a report from The New York Times today, Elon Musk’s AI startup, xAI, is currently engaged in discussions for a fresh round of funding, with its valuation potentially skyrocketing to $120 billion. In contrast, its rival, OpenAI, recently secured a new funding round in March this year, catapulting its…
Tesla Unveils Long Range RWD Model Y in U.S. at $44,990: A New Electric Contender
May 7, 2025 – Tesla has recently unveiled an expanded lineup for its Model Y in the United States, introducing a new Long Range Rear-Wheel Drive (RWD) variant. Priced at an official starting point of 44,990,thevehiclebecomesevenmoreappealingwiththeapplicationofa7,500 federal tax credit, bringing the effective cost down to $37,490. According to details available on Tesla’s official website, this…
TikTok Unveils $1B Finnish Data Hub to Safeguard 175M European Users
May 7, 2025 – TikTok made a significant announcement today, revealing plans to establish its inaugural office in Finland and launch its first data center project in Kouvola as part of the “Clover Initiative.” The data center, which will be constructed by local developer HyperCo Oy, involves a total investment of 1 billion euros. TikTok…
Rivian Pumps $120M into U.S. Supply Chain to Counter Tariff Strains
May 7, 2025 – On Monday local time, U.S. electric vehicle manufacturer Rivian unveiled a $120 million investment plan to establish a supplier park adjacent to its factory in Normal, Illinois. This move comes on the heels of the company’s previously announced $1.5 billion expansion initiative for its Illinois – based production facility. According to…
Apple Supplier Jabil Plans Second Indian Facility to Boost AirPods Casing Production
May 7, 2025 – Apple’s key supply chain partner Jabil is gearing up to establish its second manufacturing facility in Tiruchirappalli, Tamil Nadu, India, to ramp up production capacity for AirPods casing components, according to industry sources cited by DigiTimes. The move follows the company’s existing operations in Pune, where it currently manufactures components that…
Lyft Rolls Out AI ‘Earnings Assistant’ to Supercharge Drivers’ Profits
April 30, 2025 – North American ride-hailing leader Lyft has unveiled an AI-powered chat tool called “Earnings Assistant” to help drivers optimize their time on the road and strategize pickups more effectively, The Verge reported today. By integrating real-time data such as airport arrival schedules and local event timings, the tool empowers drivers to craft…
Breakthrough for Aphasia: Neuralink’s Third Subject Shares Story of Regained Communication Through BCI-Powered Video
April 29, 2025 – Neuralink, the brainchild of tech visionary Elon Musk, has achieved another significant milestone by successfully implanting its brain-computer interface (BCI) device in a third human subject, as confirmed by recent developments. The latest recipient, Bradford G Smith, who is the first individual with aphasia and amyotrophic lateral sclerosis (ALS), often referred…
NXP’s Kurt Sievers Steps Down: Presidential Role Handed Over Ahead of Retirement
April 29, 2025 – Dutch semiconductor giant NXP Semiconductors revealed in its first-quarter earnings announcement yesterday (local time) that its Chief Executive Officer and then-President Kurt Sievers intends to retire from the company by the end of this year. The decision, which was unanimously endorsed by NXP’s board of directors, has already seen Sievers step…
Gurman Reveals: Lightweight Apple Vision Pro Variant Eyed for Late-2025 Market Entry
April 28, 2025 – In the latest installment of his newsletter Power On, Mark Gurman has unveiled exclusive details about Apple’s ongoing development efforts for its next-generation augmented reality (AR) and virtual reality (VR) headsets under the Vision Pro umbrella. The tech giant is reportedly planning to introduce two distinct variants of the device, with…
Nixplay Slashes Free Cloud Storage from 10GB to 500MB in Cost-Cutting Shakeup
April 27, 2025 – Nixplay, a leading brand of smart digital photo frames, has sparked widespread backlash among its user base after announcing a major overhaul of its cloud storage policies aimed at cost optimization. The company revealed it will slash free cloud storage allocations from a previously generous 10GB to a restrictive 500MB limit…