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…
Google, Meta, and Others Protest Australia’s Proposed Social Media Restriction for Youth
November 27, 2024 – Several tech giants, including Google, Meta, TikTok, and X (formerly known as Twitter), have jointly criticized a new regulation proposed by the Australian government that aims to prohibit social media use by individuals under the age of 16. The companies argue that the bill, which was submitted to the parliament on…
Apple Pulls iOS 17.3 Beta 2 Update Amid Reports of Boot Loops and Black Screens on Some iPhones
January 04, 2024 – Today, Apple released iOS/iPadOS 17.3 Developer Preview Beta 2 for iPhone and iPad users, with the internal build number 21D5036c. However, some iPhone users have reported issues after updating to iOS 17.3 Beta 2, including their devices getting stuck in a boot loop, remaining on a black screen, or becoming unresponsive….
Hyundai Begins Production of Electric Vehicles at Alabama Factory
Hyundai has begun producing electric vehicles at its Alabama factory in response to the US government’s new EV subsidy plan. The scheme limits a $7,500 purchase rebate to EVs made in North America, making Hyundai, which had no US-made EVs, ineligible. However, the automaker has now started assembling the electric version of its Genesis GV70…
Tesla Bull Slashes Target Price, Blames Musk – Triggered Brand Crisis
April 7, 2025 – Long – time Tesla bull Dan Ives has made a significant cut to his price target for the electric vehicle maker’s stock. In a note to clients on Sunday, Ives, from Wedbush Securities, lowered Tesla’s target price from 550to315, while keeping his “Outperform” rating intact. Ives explained that the 43% reduction…
Feintool to Shut Down German Plant, Lay Off 200 Amid EV Demand Slump
December 4, 2024 – Feintool, a prominent Swiss automotive component supplier, announced on Tuesday local time that it will shut down one of its factories in Germany and lay off up to 200 employees. The decision comes as a result of sluggish demand for electric vehicles and uncertainties surrounding the transition to renewable energy. According…
TSMC Chairman Declares: ‘We Are the World’s TSMC’
September 12, 2024 – In a recent internal letter to employees, TSMC Chairman Mark Liu emphasized that the company has evolved beyond being just “Taiwan’s TSMC” to being recognized globally. Liu urged the over 70,000 TSMC employees worldwide to communicate effectively with respect and inclusivity, encouraging them to “speak the truth” within the organization. In…
Clarity from Intel: No Plans for Price Increase on “Core” CPUs
July 27, 2023 – In response to recent rumors in the German media regarding a potential price hike on Intel’s “Core” series CPUs, the company’s spokesperson has officially denied any such plans. While reports from German wholesalers and retailers seemed to confirm the price increase, Intel’s statement clarifies that they currently have no intentions of…
Ford Focus Bids Farewell: An End to a Generation of Classic
March 7, 2025 – According to a recent report by Motor1, Ford’s European Communications Manager, Finn Thomassen, revealed in an email that the production of the Ford Focus will be discontinued in November. Despite this announcement, Ford’s public relations team stated that consumers can still customize new cars on demand. However, with the upcoming closure…
Majority of Gameloft Toronto Employees Laid Off in Massive Restructuring
June 28, 2024 –GamesIndustry.biz reported on the 27th, in local time, that a significant number of employees from the Toronto studio of renowned mobile game developer Gameloft have been laid off, although the exact size of the studio has not been disclosed. According to the report, only the human resources, information technology, and management teams…