Physical Intelligence Secures 400MillionInvestment,Reaching2.4 Billion Valuation with Bezos and OpenAI Support
November 07, 2024 – Physical Intelligence, a robotic startup in the United States, has announced the raising of 400millioninfunding,propellingitspost−moneyvaluationtoawhopping2.4 billion. According to a spokesperson from Physical Intelligence, the round was led by a prestigious group of investors including Amazon founder Jeff Bezos, OpenAI, Thrive Capital, Lux Capital, and Bond Capital. Additionally, Khosla Ventures and Sequoia…
Precision Raises 93Million,Reaching500 Million Valuation as Neuralink Competitor
November 07, 2024 – According to Bloomberg, sources familiar with the matter have revealed that Precision Neuroscience, a brain-computer interface company, is seeking to raise 100millioninfunding.Thecompanyhasalreadysecured93 million, resulting in a valuation of approximately $500 million. Precision is positioned as a rival to Elon Musk’s Neuralink. This new infusion of funds provides Precision with additional financial…
DCT Now Under Tessolve’s Ownership After 4 Billion Rupee Acquisition from Goodix
November 07, 2024 – Tessolve, an Indian company, has announced its acquisition of Dream Chip Technologies (DCT), a chip design firm located in Hannover, Germany, for a sum of 4 billion rupees. This move significantly bolsters Tessolve’s expertise in AI, automotive, and data center chip design. Simultaneously, the company has expanded its European footprint with…
Amazon Hits Pause on Kindle Colorsoft Shipments Due to Screen Defect
November 06, 2024 – Amazon, the global e-commerce giant, launched multiple Kindle e-readers in mid-October, including its inaugural color e-paperback, the Kindle Colorsoft, priced at $279.99. However, the highly anticipated device has hit a snag. According to reports from GoodEReader, Amazon has informed customers who purchased the Kindle Colorsoft that their order shipments will be…
Apple Watch Turns 10: Code Reveals Plans for a Major Celebration
November 06, 2024 – MacRumors reported yesterday that Apple is planning a celebration for the “10th anniversary” of the Apple Watch, potentially teasing the launch of a new product. Hints from the iOS 18.2 beta suggest that Apple might be gearing up for commemorative activities, possibly introducing a fresh activity challenge linked to the milestone….
Ferrari Reports 6.5% YoY Growth in Q3 Revenue, Delivers 3,383 Vehicles
November 06, 2024 – Ferrari has recently released its third-quarter financial report, revealing a revenue of 1.64 billion euros, representing a year-on-year increase of 6.5%. The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at 638 million euros, marking a 7.1% growth compared to the same period last year. It is worth noting…
Tesla Raises Wages by 4% for All Employees at German Gigafactory
November 06, 2024 – Tesla announced on Tuesday that it has increased the wages of all employees at its Gruenheide Gigafactory in Germany by 4% since the beginning of November. A month ago, the company stated that it would be offering permanent positions to 500 temporary workers at the factory starting November 1st. Tesla clarified…
OpenAI CEO Predicts AGI Arrival Within 5 Years, Expects Minimal Immediate Social Changes
November 06, 2024 – Sam Altman, the CEO of OpenAI, has long harbored a passion for Artificial General Intelligence (AGI) and has been vocal about his company’s pursuit of this ambitious goal. In a recent Reddit AMA session, Altman asserted that achieving AGI is possible with existing hardware, albeit without specifying the exact requirements. Previously,…
ByteDance Reports 35% Year-on-Year Revenue Growth to $73 Billion in First Half of 2024, with International Revenue Surging Over 60%
November 05, 2024 – According to a report by The Information, ByteDance has achieved remarkable growth in its international revenue, increasing by over 60% in the first half of this year to reach approximately $17 billion. Furthermore, the company’s total revenue for the same period was primarily driven by advertising and e-commerce businesses from its…
Samsung’s Massive LED Screen in Seoul: As Big as Three Basketball Courts!
November 05, 2024 – Samsung Electronics has installed a massive outdoor LED display at its flagship store in Shinsegae Department Store, Seoul, South Korea, showcasing the XHB Series P8 model that boasts impressive dimensions and technical specifications. The colossal screen, which spans across two sides of the building, measures an astonishing 71.8 meters in width…