Porsche Eyes Minority Stake in VARTA to Bolster V4Drive Investment
July 22, 2024 – According to a report by the Frankfurter Allgemeine Zeitung (FAZ), Porsche is considering acquiring a minority stake in VARTA, aiming to protect its potential investment in the struggling battery manufacturer’s large lithium-ion battery business. It’s worth noting that VARTA announced on the 4th of this month that it was in negotiations…
CrowdStrike Launches Remediation Hub Following Global Blue Screen Incident
July 22, 2024 – Following the incident that caused blue screens of death on 8.5 million computers worldwide due to a faulty Windows update, security company CrowdStrike has launched a new “Remediation and Guidance Hub.” This hub serves as a comprehensive resource for information related to the erroneous update. The hub’s webpage details the cause…
Tesla Megapack to Power France’s Largest Energy Storage Project, Supplying Electricity to Over 170,000 Households
July 22, 2024 – Tesla’s energy storage solution, the Megapack, is set to power France’s largest battery storage system. The project, which commenced construction last week, marks a significant milestone in the transition towards renewable energy. Harmony Energy, a UK-based energy storage company, announced on Thursday the launch of their Cheviré 100 MW / 200…
Boeing Aims to Boost 737 MAX Production in Latter Half, Targets 38 Units per Month by Year-End
July 22, 2024 – Boeing’s Chief Operating Officer, Stephanie Pope, has announced that the company expects to increase production of its 737 MAX aircraft in the latter half of this year. This comes after a series of incidents that have highlighted potential quality and safety issues with Boeing aircraft. Previously, a cockpit panel from a…
Zuckerberg’s Metaverse Hits a Snag? Meta Reportedly Slashes Investments in Reality Labs
July 22, 2024 – According to a report by The Information, Meta, the company owned by Mark Zuckerberg, is significantly reducing its investment in the metaverse project. The report cites a former manager from Reality Labs, the department responsible for VR, AR, and the metaverse at Meta, who revealed that the hardware team has been…
Sudden Exit of Intel’s Esteemed Female Executive After Over Two Decades of Service
July 20, 2024 – In a significant move within the tech industry, Lisa Spelman, a seasoned executive who has dedicated over two decades of her career to Intel, will step down from her role on August 15th to embark on a new journey as the Chief Executive Officer of Cornelis Networks, a high-performance computing connectivity…
BMW Introduces First-of-its-Kind AI-Driven Magnetic Resonance Vehicle Inspection System with 5-Second Results
July 20, 2024 – BMW has set up the world’s first magnetic resonance imaging (MRI) system designed specifically for automobiles in Hawaii, USA, utilizing AI to assist in detecting potential safety hazards in vehicles. Magnetic resonance imaging, commonly known as MRI, is a medical imaging technique that employs magnetic fields and radio waves generated by…
UK Resists EU Move, Refuses to Impose High Tariffs on Chinese Electric Cars
July 20, 2024 – According to recent reports from British media, the UK’s Business and Trade Secretary, Jonathan Reynolds, has stated that the country will not follow the European Union’s lead in imposing high tariffs on electric vehicles imported from China. Reynolds, who is the newly appointed Labour minister, revealed that he had discussed the…
Tesla Raises Prices of Model S and Model X in the US by $2,000
July 20, 2024 – Tesla has recently announced an increase in the prices of its Model S and Model X vehicles in the United States, with both models experiencing a hike of 2,000.Therevisedpricingisasfollows:theTeslaModelSAll−WheelDriveversionisnowpricedat74,990, while the Model S Plaid edition stands at 89,990.Similarly,theModelXAll−WheelDrivevariantcosts79,990, and the Model X Plaid version is priced at $94,990. In addition to…
Google Partners with EssilorLuxottica to Develop Smart Glasses with Gemini AI
July 20, 2024 – Reports from technology news outlet The Verge indicate that Google has reached out to EssilorLuxottica, the company behind the popular Ray-Ban brand, to discuss a potential partnership for the production of Gemini smart glasses. EssilorLuxottica, an Italian-French vertically integrated multinational corporation headquartered in Paris, was formed through the merger of Luxottica…