Stellantis Group Reports 9% Drop in Global Shipments for Q1 2025, Reaching 1.2 Million Units
April 12, 2025 – Stellantis Group has today announced its global shipment forecast for the first quarter of the year, excluding its joint ventures, and provided insights into its business trends. As of March 31, 2025, Stellantis’ shipments for the first three months of 2025, excluding joint ventures, are projected to be approximately 1.2 million…
Apple Eyes Autumn Rollout of Revamped Siri with AI-Powered Features
April 12, 2025 – Recent reports from The New York Times suggest Apple is doubling down on its efforts to launch the much-anticipated Apple Intelligence Siri feature this fall, despite earlier delays. In early March, Apple had acknowledged that refining Siri’s personalization capabilities would take longer than anticipated, originally targeting a rollout “within the next…
OpenAI Discontinues GPT-4 in ChatGPT, Introduces GPT-4o Starting April 30th
April 12, 2025 – OpenAI has officially announced that GPT-4 will be removed from ChatGPT on April 30th, although it will remain accessible via the API. The company has confirmed that GPT-4 will be entirely replaced by the new, native multimodal model, GPT-4o. An official evaluation report highlights that GPT-4o outperforms GPT-4 across various domains,…
ByteDance Set to Develop AI Smart Glasses, Engages in Supplier Talks
April 12, 2025 – Tonight, The Information reported that ByteDance is gearing up to develop its own AI – powered smart glasses. According to an insider, ByteDance plans to integrate AI features akin to Doubao into its smart glasses. Sources revealed that ByteDance is currently in negotiations with suppliers to finalize product capabilities, technical specifications,…
Apple’s AI Hobbled by 2023 Budget Cuts, Executive Clash
April 12, 2025 – A recent blog post by The New York Times has shed light on Apple’s perceived sluggishness in artificial intelligence (AI) development, attributing part of the delay to Chief Financial Officer Luca Maestri’s cost-cutting measures in 2023. According to the report, Apple engineers proposed doubling their budget for GPU acquisitions to accelerate…
ByteDance’s 2024 Net Profit Hits $33B with Sluggish 6% Growth YoY
April 11, 2025 – Insider sources cited by The Information have revealed that ByteDance achieved a net profit of $33 billion in 2024, marking a modest 6% year-over-year increase that significantly trails the growth rate recorded in 2023. During a recent earnings disclosure to select investors, company executives acknowledged that profit margins had peaked, citing…
OpenAI Quietly Unveils Global Memory for ChatGPT Plus/Pro Subscribers
April 11, 2025 – OpenAI has quietly rolled out an upgrade to its popular AI chatbot, ChatGPT, granting subscribers of Plus and Pro tiers access to an “enhanced contextual memory feature.” CEO Sam Altman emphasized that the update now allows ChatGPT to “draw from a user’s entire conversation history,” enabling more tailored interactions. The system…
Apple iPhone Production in U.S. Could Spike Costs by 90%: Bank of America Analyst
April 11, 2025 – A report released by Bank of America analyst Wamsi Mohan’s team this Wednesday highlights the potential hurdles Apple could face if it moves all iPhone production to the United States. According to the analysis, such a move could lead to a staggering 90% increase in production costs and create significant logistical…
Volvo S90 on Brink of US Phase-Out Amid Tariff Turmoil
April 11, 2025 – Volvo is set to halt sales of its executive sedan, the S90, in the United States starting with the 2025 model year, primarily due to the impact of the US tariff policy, as reported by Automotive News on April 10. Despite this move, Carscoops notes that the S90 saw a 46.1%…
Amazon CEO Jassy Advocates Heavy AI Investment for High Returns
April 11, 2025 – Amazon CEO Andy Jassy has urged businesses to make substantial investments in artificial intelligence (AI) to secure significant financial gains in the future, as per a report by TechCrunch. In his annual letter to shareholders released on Thursday, Jassy emphasized the necessity for companies to allocate “substantial capital” to keep pace…