Intel Faces Shareholder Lawsuit After $32 Billion Market Value Evaporation
August 08, 2024 – Intel, the U.S. chipmaking giant, faced a class-action lawsuit from its shareholders on Wednesday, according to a report by Reuters. The plaintiffs accused the company of concealing significant operational issues, leading to poor performance, massive layoffs, and the suspension of dividends. Consequently, the company’s stock price evaporated more than $32 billion…
Sony Abandons Paramount Acquisition: Strategic Misalignment and High Risks Prompt Decision
August 08, 2024 – Sony Group has officially ended its plans to acquire the film and television production giant Paramount Global, according to Hiroki Totoki, the President, Chief Operating Officer, and Chief Financial Officer of Sony Group. This announcement marks the conclusion of Sony’s potential acquisition of Paramount. Previously, there were reports that Sony, along…
Apple May Charge Up to $20 Monthly for New AI Features: Analysts Predict
August 08, 2024 – According to a report by CNBC, several analysts have predicted that Apple Inc. might charge up to $20 per month for its upcoming advanced artificial intelligence features. This move is expected to further boost the growth of its lucrative services business. Apple is planning to introduce an artificial intelligence system called…
iPhone 16 Hands-On Experience: Dive into the World of Five Vibrant Hues
August 08, 2024 – Yesterday, YouTube creator Aaron Zollo uploaded a new video showcasing his hands-on experience with a mockup of the upcoming Apple iPhone 16. The video revealed five color options for the device: blue, pink, white, black, and green. Notably, Apple has apparently ditched the yellow hue from its palette and introduced a…
Microsoft Claims Delta Air Lines Rejected Free Aid Due to Outdated IT Infrastructure
August 07, 2024 – Microsoft has responded to previous accusations made by Delta Air Lines regarding issues with Windows and CrowdStrike. The airline’s CEO, Ed Bastian, had earlier stated that the company suffered losses of approximately $500 million due to a major IT failure last month, and they planned to seek compensation from both CrowdStrike…
OpenAI Confirms Development of ChatGPT Text Watermark, Challenges Remain
August 05, 2024 – According to The Wall Street Journal, OpenAI has developed a tool capable of high-precision identification of texts generated by ChatGPT, yet the company has been holding off on its release. In response to this, OpenAI has acknowledged that they are indeed researching text watermarking technology, but emphasized that the technology still…
Shopee Clarifies: No Layoffs in Indonesia, Only Employee Relocations
August 05, 2024 – According to a report by Tempo.co on Saturday, rumors had been circulating on social media about a massive layoff of “hundreds of people” by the Southeast Asian e-commerce giant Shopee. However, these rumors were later denied by the company. Radynal Nataprawira, the head of public affairs at Shopee Indonesia, clarified that…
US Proposes Ban on Chinese Software in Autonomous Vehicles
August 05, 2024 – The U.S. government is reportedly planning to propose a ban on the use of Chinese software in autonomous vehicles within the next few weeks, according to Reuters. Citing unnamed sources, the report indicates that the Biden administration intends to introduce new regulations prohibiting the use of Chinese software in vehicles equipped…
Majority of US Tesla Owners Switch to Gas Cars, But Trend Shows Decline
August 05, 2024 – According to the latest research from Edmunds, over half of Tesla owners in the United States have abandoned electric vehicles in favor of gas-powered cars in 2024. Only 32% of these owners have chosen to stick with pure electric models. Breaking down the numbers, 51% of Tesla owners have switched to…
Toyota Faces Legal Action in US Over Alleged Hydrogen Market Monopolization
August 05, 2024 – Toyota Motor Corporation has recently been embroiled in a class-action lawsuit in the United States, accused of anti-competitive practices that have monopolized the hydrogen fuel cell vehicle market in California. The alleged actions have led to skyrocketing hydrogen fueling costs for consumers and wasted millions of dollars in taxpayer funds invested…