Volkswagen’s “Cost – Efficiency Drive” Shows Initial Signs: 30% Cost Cut at Three German Plants
December 20, 2025 – Volkswagen’s cost – cutting initiatives are making notable headway, as reported by Reuters. On Thursday local time, Thomas Schäfer, the CEO of the Volkswagen brand, announced that a series of measures, including workforce adjustments and cost control at German factories, have started to yield results. For instance, the costs at three…
Qualcomm Accelerates AI Strategy: Early Completion of Alphawave Semi Acquisition Bolsters Product Portfolio
December 19, 2025 – On December 18 local time, Qualcomm made an official announcement that it had successfully wrapped up the acquisition of Alphawave IP Group plc (Alphawave Semi). This completion came approximately a quarter earlier than the originally planned schedule. According to Qualcomm, Alphawave Semi’s prowess in high-speed wired connectivity technology is set to…
Volkswagen Abandons New Small Fuel Cars: High Cost, No Future Significance
December 19, 2025 – Volkswagen has firmly set its course for the next generation of entry – level vehicles, making a decisive move towards an all – electric future. The German automaker has announced that it will no longer introduce new small – sized internal combustion engine cars and will focus solely on pure electric…
Ford Cuts Ties with LG Energy Solution: A Major Retreat in EV Battery Sourcing
December 18, 2025 – On Wednesday local time, South Korea’s LG Energy Solution disclosed that Ford Motor has terminated an electric vehicle (EV) battery supply agreement worth approximately KRW 9.6 trillion. The South Korean battery maker stated in a regulatory filing that the termination came after receiving a notification from Ford. Previously, due to policy…
OpenAI Eyes Colossal $750B Valuation in Upcoming Fundraising Spree
December 18, 2025 – According to a report from tech outlet The Information, artificial intelligence firm OpenAI has initiated funding discussions with investors, aiming to raise billions of dollars at a staggering valuation of $750 billion. Sources familiar with the matter indicate that these negotiations are still in their early stages, and there’s a possibility…
Sergey Brin Reveals: Using Gemini Live on Commute, More Powerful Version on the Horizon
December 17, 2025 – Sergey Brin, the co – founder of Google, has been actively testing Google’s AI products during his daily commutes. After stepping down as the president of Alphabet in 2019, Brin has re – engaged in the company’s AI R & D efforts in recent years, taking the lead in advancing the…
Tesla Soars to Record Stock Price, Becomes 7th Largest U.S. Company by Market Value
December 17, 2025 – On December 16 (Eastern Time), Tesla’s stock price soared by 3.07%, closing at 489.88pershare,markinganewall−timehighsinceitslisting.Onthissingleday,itsmarketvaluesurgedby48.5 billion, pushing the total market capitalization to approximately $1.63 trillion. This made Tesla surpass Broadcom to become the seventh – largest company in the United States in terms of market value. This new milestone sheds light on…
Nvidia Ramps Up Open – Source Tech: Acquires AI Software Firm SchedMD
December 16, 2025 – On Monday local time, Nvidia, the well – known chip design behemoth, made a strategic move by announcing the acquisition of artificial intelligence software company SchedMD. This acquisition is a clear indication of Nvidia’s enhanced commitment to open – source technology and a further step in its intensified investment in the…
Luminar Files for Bankruptcy, Lidar Business Up for Sale Amid Financial Turmoil
December 16, 2025 – American lidar sensor manufacturer Luminar Technologies Inc has filed for bankruptcy shortly after losing a major contract with Swedish automaker Volvo Car AB, according to reports. The Orlando-based company submitted a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the Southern District of Texas on Monday local time. In…
PayPal Bids Farewell to Middlemen, Embarks on Building Its Own Bank
December 16, 2025 – PayPal, the well – known payment giant, has put forward an application to the regulatory authorities in Utah and the Federal Deposit Insurance Corporation (FDIC) in the United States. The company is seeking permission to establish a licensed industrial bank in Utah. The main objective behind this move is to gain…