TEC Raises $160 Million for Reusable Spacecraft Development
November 18, 2024 – According to a report from CNBC, European space exploration company The Exploration Company (TEC) has announced the completion of a new round of funding, raising $160 million to further develop its reusable spacecraft designed to transport astronauts and cargo to space stations. The funding round was led by Balderton Capital and…
Apple Rumored to Be Exploring Options for a Proprietary Television, Says Gurman
November 18, 2024 – In today’s Power On live communication, Mark Gurman from Bloomberg claimed that Apple is currently evaluating the possibility of “manufacturing its own brand of television.” Rumors of an “Apple-branded television” had surfaced around 2009-2010, but no such product was ultimately released. The only television-like product Apple has ever produced was the…
Demand Soars: Tesla’s Optimus Robot Model Sells Out Quickly at $40
November 18, 2024 – Tesla has introduced a 1:10 scale model of its Optimus robot in its online store this week, which sold out in less than a day. Priced at $40, the miniature version of the robot has garnered significant attention from consumers. On Friday, Tesla unveiled the highly detailed Optimus robot model, featuring…
Coca-Cola Unveils First Fully AI-Generated Ad: A Nostalgic Tribute to 1995
November 16, 2024 – Gaming media outlet IGN reported today that Coca-Cola has unveiled its first fully AI-generated video advertisement, a 16-second clip inspired by the iconic “Holidays Are Coming” ad from 1995. However, the new ad has sparked significant controversy. The original “Holidays Are Coming” commercial, released by Coca-Cola in 1995, holds a special…
xAI Raises $6 Billion to Bolster AI Capabilities with 100,000 Nvidia GPUs
November 16, 2024 – According to a report published by CNBC yesterday (November 15th), Elon Musk’s AI venture, xAI, is gearing up to raise a fresh round of funding, targeting a valuation of 50billion.Thecompanyintendstoutilizethesefunds,amountingtoamaximumof6 billion, towards the procurement of 100,000 Nvidia GPUs. This significant investment is aimed at establishing the Memphis data center. Reports indicate…
Meta Launches Ray-Ban Smart Glasses Pop-Up in LA, Offering Stylish Tech at $299
November 16, 2024 – Meta has announced the opening of its first Ray-Ban Smart Glasses pop-up store in Los Angeles, USA. This store primarily sells the second-generation smart glasses jointly developed by Meta and Ray-Ban, with a starting price of $299. Positioning the smart glasses as a fashion product, Meta has designed them to resemble…
Apple Declares iPhone XS Max and 6s Plus as ‘Vintage’
November 16, 2024 – According to a report published by tech media outlet MacRumors on November 15th, Apple has recently classified certain older models of iPhone and Apple Watch as either “vintage” or “obsolete” products. Vintage Classification Apple has now designated the iPhone 6s Plus and iPhone XS Max as “vintage.” However, the smaller iPhone…
Samsung and Korean Union Agree on 5.1% Salary Increase, Taking a Crucial Step Towards Reconciliation
November 16, 2024 – According to a report by Yonhap News Agency, Samsung Electronics has reached a preliminary agreement with its largest labor union in Korea, the National Samsung Labor Union, on the 2024 wage negotiations. The agreement, which includes a 5.1% salary increase, is set to be submitted to union members for a vote…
Apple Emerges as a Green Champion, Earning an 84% Score in Toxic-Free Efforts
November 15, 2024 – Apple has emerged as the top-ranked company in the 2024 Retailer Report Card released by Toxic-Free Future, scoring an impressive 84% and earning the sole “A” grade, according to a report published by tech media outlet AppleInsider. The Retailer Report Card is a tool that evaluates and scores the performance of…
Meta Faces €798 Million Penalty from EU for Anticompetitive Practices
November 15, 2024 – The European Commission has imposed a fine of €798 million on Meta today, citing the company’s violation of EU antitrust rules. According to the Commission, Meta unlawfully tied its online classified ads service, Facebook Marketplace, to its social media platform, Facebook, and imposed unfair trading conditions on other online classified ads…