Volkswagen CFO: EVs Still Less Profitable Than ICE Vehicles

May 8, 2026 – Volkswagen Group’s Chief Financial Officer (CFO), Arno Antlitz, recently revealed during an earnings call that the profit margins of electric vehicles (EVs) still lag significantly behind those of internal combustion engine (ICE) vehicles. He emphasized that true profitability parity between EVs and ICE vehicles may only be achieved once the next-generation…

Read More

The Next Frontier of AI: Baidu Takes on OpenAI in a Global Technological Competition

The battle between Chinese and American technology companies has once again begun. The competition between Baidu and OpenAI’s ChatGPT represents the latest front in this ongoing technological race. Baidu, the largest Chinese search engine, has made significant investments in artificial intelligence and machine learning. The company is now seeking to challenge OpenAI’s ChatGPT, a state-of-the-art…

Read More