Mazda Bids Farewell to “Oil-to-Electric” Conversions, Unveils First Proprietary EV Platform for 2027 Launch

October 31, 2025 – Mazda, one of the world’s leading independent automakers, has officially commenced testing of its inaugural prototype vehicle built on a dedicated electric vehicle (EV) platform. The company aims to bring this groundbreaking model to market by 2027, marking a significant leap in its electric mobility ambitions. Unlike its previous EV efforts,…

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LG Partners with Tenstorrent to Drive Innovation in AI and RISC-V Technology

May 31, 2023 – In a recent development reported by Reuters, LG has announced a partnership with Canadian startup Tenstorrent to collaborate on the development of AI technology and RISC-V architecture for smart TVs, automobiles, and data centers. David Bennett, the General Manager of Tenstorrent, expressed that LG will initially utilize Tenstorrent’s AI chip design…

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Nissan to Slash 10,000 More Jobs Amid Persistent Performance Woes

May 13 2025 – Japanese broadcaster NHK reported today that Nissan Motor Co. has finalized plans to cut an additional workforce of over 10,000 employees both domestically and internationally as the automaker battles worsening financial performance and aims to revitalize its operations. When combined with previous restructuring initiatives, the group’s total layoff count is projected…

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Hungary Urges EU to Accelerate EV Transition, Opposes Tariffs on Chinese Imports

July 11, 2024 – Hungarian Minister of Economic Development, Naji Maton, announced at a press conference in Budapest on July 10th that Hungary has submitted a proposal to the European Union’s Competitiveness Council. The proposal outlines a comprehensive set of measures aimed at accelerating the European Union’s transition to electric vehicles. Maton emphasized the need…

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Adobe Surpasses Q2 Revenue Expectations, Projects 235B−236B Annual Earnings

June 13, 2025 – Adobe has recently unveiled its financial results for the second fiscal quarter, revealing a revenue of 5.87billion.Thisfiguresurpassedanalysts′projections,whichhadanticipatedearningsof5.80 billion. Looking ahead, the company has provided guidance for the upcoming third fiscal quarter, projecting revenues between 5.88billionand5.93 billion. Within this outlook, Adobe expects its digital media segment to generate between 4.37billionand4.40 billion. For…

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Nvidia Ramps Up European Expansion with Plans for 20 AI Factories

June 12, 2025 – Nvidia CEO Jensen Huang announced at the VivaTech conference in Paris on Wednesday that the company will establish its first industrial-focused AI cloud platform in Germany, Reuters reported. According to Huang, the platform will integrate AI and robotics technologies to help automotive giants like BMW and Mercedes-Benz streamline operations across the…

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