Nokia Divests Management Platform Business to Lumine Group for €185 Million
December 21, 2023 – Nokia today announced its decision to sell its device and service management platform business to Lumine Group for a sum of €185 million (approximately 1.447 billion yuan). The sale is expected to be finalized in the first quarter of the following year. Lumine Group, recently spun off from Constellation Software, specializes…
Meta Fires Employees Over Abuse of $25 Meal Allowance
October 18, 2024 – According to a report by the Financial Times, Meta has terminated over 20 employees in Los Angeles due to the misuse of a $25 meal voucher. It is understood that Meta employees are entitled to a daily allowance of 70,whichincludesanadditional25 specifically designated for meals, essentially Grubhub credits for internal use within…
Mark Cuban: Ads on AI Models Should Be Outlawed
July 29, 2025 – At present, AI chatbots like ChatGPT, Gemini, and Claude rely mainly on paid subscriptions for revenue instead of incorporating advertisements. However, as the development of AI models demands massive investments in training, specialized chips, and data center construction, there’s growing concern that these AI systems might start showing ads to users…
Klarna’s Q1 Slump: AI Hype Fails to Offset $99M Loss After Touting 700-Job Cuts
May 23 2025 – A major crisis is unfolding at Swedish “Buy Now, Pay Later” (BNPL) behemoth Klarna, as its CEO Sebastian Siemiatkowski, who once boldly proclaimed that the company’s AI-powered customer service system could replace 700 full-time customer service representatives, now faces a harsh reality. According to reports, the fintech firm recorded a net…
Jaguar Land Rover Invests £3 Billion to Adapt to Slowing EV Transition
August 02, 2024 – Jaguar Land Rover is gearing up for a strategic overhaul, announcing plans to invest £3 billion to adapt to the slowing pace of the global electric vehicle (EV) transition. The company revealed its intention to ramp up its planned investment to £18 billion over the next five years. This significant financial…
Tata Motors Unveils €3.8 Billion Acquisition of Iveco, Excluding Defense Division
July 31, 2025 – On July 30, Tata Motors of India made a significant announcement, revealing that it had struck a deal with Iveco to form a new commercial vehicle group. This newly – formed entity is projected to have an annual sales volume exceeding approximately 540,000 units. Tata Motors’ acquisition offer for Iveco is…
Turning the Tide: Tesla’s Video Advertising Strategy Hits YouTube, Focusing on Safety Excellence
November 17, 2023 – Tesla has ventured into the realm of video advertising, debuting its first-ever promotional clip on YouTube, a commercial that prominently highlights the safety performance of its vehicles. Earlier this year, Tesla’s CEO Elon Musk made a strategic shift, departing from the long-standing philosophy of refraining from advertising and instead investing in…
Toyota to Hike Prices on Select U.S. Models Next Month, Average Increase Over $200
June 23, 2025 – Toyota Motor Corporation has recently announced that it will increase the prices of certain vehicle models in the U.S. market starting next month, with an average hike exceeding 200.AccordingtoBloomberg,Toyota−brandedvehicleswillseeanaveragepriceriseofapproximately270, while its luxury division, Lexus, will experience an increase of about $208. In response to the recent wave of price adjustments by…
Musk’s xAI Unveils Grok-1: The Largest Open-Source Language Model Yet
March 18, 2024 – Musk’s AI venture, xAI, has officially announced that its large language model, Grok-1, is now open-source and available for public download. According to reports, Grok-1 is a large language model built using Mixture-of-Experts (MoE) technology, boasting an impressive 314 billion parameters, significantly surpassing the 175 billion parameters of OpenAI’s GPT-3.5. This…
Nvidia Reclaims Global Crown: $3.45T Valuation Surpasses Microsoft
June 4, 2025 – After the stock market closed on Tuesday, Nvidia reclaimed its position as the world’s most valuable publicly traded company, surpassing Microsoft once again. According to the latest figures, Nvidia’s market capitalization closed at 3.45trilliononTuesday,edgingoutMicrosoft′s3.44 trillion valuation. Nvidia’s stock price climbed by approximately 3% on Tuesday, contributing to a nearly 24% increase…