Musk: xAI Lures Meta Engineers Without “Ridiculous” Compensation Packages
August 4, 2025 – Elon Musk has made a startling revelation: Despite xAI’s initial compensation packages not being “outrageously” high, several senior engineers from Meta are making the leap to his AI venture. Musk is confident that, in the long run, xAI’s valuation will surpass that of Meta. He also highlighted xAI’s tradition of offering…
Japan Government Eyes Equity Stake in Rapidus via In-Kind Contributions
October 15, 2024 – According to a report by Kyodo News on the 10th of this month, the Japanese government is planning to directly acquire shares in the advanced chip manufacturer Rapidus through in-kind contributions. This move aims to strengthen its participation and supervision of the company’s operations while clarifying its support for Rapidus, thereby…
Toyota, Honda, Mazda Executives Bow in Apology Over Car Certification Fraud
June 04, 2024 – Following a series of investigations prompted by previous irregularities at Daihatsu Industrial Co., the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) of Japan announced on June 3rd that it had conducted an investigation into 85 automakers to assess whether there were any irregularities in their mass production certification applications. The…
Elon Musk Shatters Records, Becomes World’s First $400 Billionaire
December 12, 2024 – Since Donald Trump’s victory in the election last month, the wealth of Elon Musk, now aged 53, has continued to surge. He has become the first person in the world to break through the $400 billion net worth mark, once again setting a new record for wealth. The recent significant increase…
Sony and Honda’s Joint Venture Sparks Outrage from US Dealers with Its Direct EV Sales Plan
January 14, 2025 – At the 2025 International Consumer Electronics Show (CES), Sony Honda Mobility, a joint venture between Sony and Honda, announced its intention to adopt a direct sales model similar to that of Tesla and Rivian for its upcoming Afeela electric vehicle. This decision, which bypasses the traditional franchised dealer network, has immediately…
Volvo Slashes 800 U.S. Jobs as Tariffs Fuel Demand Uncertainty in Heavy-Duty Sector
April 21, 2025 – Volvo Group disclosed on Friday (North American time) that it intends to cut up to 800 positions across three of its facilities within the next three months due to market uncertainties stemming from U.S. government tariff policies. The job reductions will affect the Mack Trucks plant in Macungie, Pennsylvania; the Dublin…
Amazon Prime Day Returns: Massive Sales Event Kicks Off July 16-17
June 26, 2024 – Amazon has confirmed that Prime Day will return on July 16th at 3:00 PM Beijing time and continue until July 17th. This marks the tenth edition of the highly-anticipated Prime Day event. Currently, an Amazon Prime membership costs 14.99permonthor139 per year. Eligible customers can also enjoy a 30-day free trial. In…
Tesla’s Cybertruck: Crash Tests in Progress
September 14, 2023 – In a recent development from the Tesla front, the highly anticipated electric pickup truck, the Cybertruck, originally unveiled in November 2019, is inching closer to its scheduled deliveries later this year. The Cybertruck has been in production since mid-July at Tesla’s superfactory in Austin, Texas, with an estimated 100 units produced…
Samsung Takes Appeal Route After Judge Nixes Preemptive Oura Lawsuit
June 18, 2025 – When Samsung made the bold move to enter the smart ring market in 2024 with its Galaxy Ring, it found itself facing a well – established competitor in Oura. Oura, having a history of using legal action to stifle competition, prompted Samsung to take a proactive step. The South Korean tech…
Gurman Insights: Apple Holds Off on Portless iPhone Amid Technology, Regulation, and User Experience Balancing Act
March 18, 2025 – In a blog post yesterday, March 17, renowned Apple analyst Mark Gurman from Bloomberg revealed that Apple had initially intended to eliminate the USB-C port from the iPhone 17 Air, making it reliant solely on MagSafe wireless charging. However, due to pressures stemming from EU regulations and consumer concerns, the tech…