LG Energy Solution Seals $4.3B LFP Battery Supply Pact with Tesla
July 30, 2025 – According to insiders cited by Reuters on Wednesday, South Korean battery manufacturer LG Energy Solution has inked a $4.3 billion deal with Tesla to supply lithium iron phosphate (LFP) batteries for the latter’s energy storage systems. The sources revealed that LG Energy Solution will produce and deliver these LFP batteries from…
Siri Snafu Causes Delay in Apple’s Smart Display Launch
March 10, 2025 – In a recent edition of his “Power On” newsletter, Bloomberg reporter Mark Gurman revealed that Apple has delayed the highly anticipated upgrade of its Siri artificial intelligence. This decision has also impacted the rumored smart display project from the tech giant. Originally slated for a release early this year, the smart…
Meta Restructures, Laying Off Thousands to Attract Elite Talent
February 11, 2025 – According to Bloomberg, Meta has initiated layoffs on Monday, primarily targeting employees who have “performed poorly.” The company is simultaneously on the lookout for top talent to solidify its position in the AI field. Affected employees were informed via email, and those in the US will receive severance packages including 16…
Kingsoft Docs Integrates with WPS, Enabling Seamless Local and Online Document Switching
April 19, 2024 – Kingsoft Docs, a multiperson real-time collaborative editing tool, has recently undergone a significant upgrade, with its integration into WPS Office suite. This integration allows users to seamlessly switch between local and online documents. According to the announcement, when a file from Kingsoft Docs needs to be edited using WPS, users can…
Xiaomi to Launch First Car in 2024
According to multiple media reports, during a Xiaomi Group investor event, Xiaomi’s founder Lei Jun disclosed the latest progress of the company’s automotive business. Lei Jun said that he spends half of his time on the automotive business and invested over 3 billion RMB in new businesses such as automobiles in 2022. The company’s automotive…
Apple’s Promotional Activities Boost iPhone Shipments in China by 12%
May 09, 2024 – Following Apple’s promotional activities in the Greater China region, statistics from foreign media indicate that iPhone shipments in China increased by approximately 12% in March. This significant growth contrasts sharply with the 37% decline in iPhone sales during the first two months of 2024, suggesting that Apple’s strategies to stem the…
Tesla’s Innovative “Precision Parking Assist” Feature Unveiled by Ashok Elluswamy
December 19, 2023 – Tesla Announces “Precision Parking Assist” Feature In recent news, Tesla’s Head of Autonomous Driving Software, Ashok Elluswamy, has revealed plans to introduce a new “Precision Parking Assist” feature for certain vehicle models that do not have ultrasonic sensors. This upcoming update promises to enhance the parking experience by utilizing higher-resolution 3D…
Tim Cook Drops Hints: No New iPad Models Expected for the Rest of 2023
November 03, 2023 – Apple Inc. released its financial results for the fourth quarter of the 2023 fiscal year (third quarter of 2023), revealing that the revenue from its iPad business amounted to $6.4 billion. This marks an 11% decrease compared to the same period last year when it generated $7.2 billion in revenue. During…
Vision Pro Teardown Reveals Component Costs and Suppliers
February 26, 2024 – According to Japanese media reports, research firm Fomalhaut Techno Solutions has conducted a teardown analysis of the Vision Pro, identifying the manufacturers of its key components and estimating their procurement prices. The cost of the device and its components is estimated to be approximately 1,200,whichisroughlyone−thirdofitssellingpriceof3,499. In terms of cost breakdown by…
Matt Garman Named as Successor to Adam Selipsky, AWS’s Prolific CEO
May 15, 2024 – Amazon Web Services (AWS), the cloud computing arm of Amazon, is poised for a new era of leadership following the announcement by Andy Jassy, CEO of Amazon, that Adam Selipsky, the current CEO of AWS, will step down from his post after a three-year tenure. Selipsky, aged 57, who has been…