Nikola Faces Financial Crunch: Stock Down 95%, Considers Asset Sale
January 25, 2025 – Nikola Corporation, an American startup specializing in electric and hydrogen-powered semi-trailer trucks, is reportedly exploring options to address its cash crisis, according to sources cited by Bloomberg. Among the potential solutions being considered by the company is the possible sale of some or all of its assets. In addition to asset…
Apple iPhone 16 Series Sales Insights in US for 2024 Q4: Pro Models Hit Five-Year Low, Basic Variant on the Rise
January 24, 2025 – According to a report released by Consumer Intelligence Research Partners (CIRP) on January 22nd, the new iPhone 16 series has proven to be as popular as previous iPhone models released by Apple. However, CIRP warns that analysts should adopt a cautious, even pessimistic, view of the current market performance of the…
Mistral AI CEO Declares No Intention to Sell, Eyes IPO Instead
January 24, 2025 – Arthur Mensch, the founder and CEO of French AI startup Mistral AI, stated in an interview with Bloomberg Television on Tuesday that the company has no intention to sell and is planning for an IPO. During the interview, Mensch also revealed that the company, founded by several former Google DeepMind and…
Samsung Slashes 2025 Wafer Foundry Equipment Budget to Half
January 24, 2025 – According to a report by South Korean media outlet SEDaily on the 21st, Samsung Electronics’ wafer foundry business has slashed its equipment investment budget for this year to only 5 trillion Korean won, marking a direct halving compared to the 10 trillion Korean won allocated in 2024, as per the annual…
BYD Overtakes Toyota, Claims Top Spot in Singapore’s Auto Market for 2024
January 24, 2025 – In a significant milestone, Chinese automaker BYD has surpassed Toyota, the world’s largest automaker, to become the most popular car brand in Singapore in 2024. This marks BYD’s first such victory in the Singaporean market. According to recently released data from the Land Transport Authority of Singapore on new car registrations…
OpenAI’s ‘Operator’ Makes Appearance in ChatGPT Code, Pro Users to Get Sneak Peek
January 24, 2025 – According to recent reports from TechCrunch, OpenAI is on the verge of releasing a new AI feature called “Operator”. This innovative functionality, which is expected to arrive soon, will initially be offered as an early research preview to users subscribed to the $200 Pro plan. The discovery of this upcoming feature…
UK Takes Action: Apple and Google Face Antitrust Investigation
January 24, 2025 – The UK’s Competition and Markets Authority (CMA) has initiated a strategic market status investigation into the mobile ecosystems of Apple and Google, focusing specifically on the app store models of iPhone and Android. This action is based on the recently enacted Digital Markets, Competition, and Consumers Act (DMCC), which became official…
EU Plans Advanced Research Agency to Boost AI and Strategic Technologies for Greater Competitiveness
January 24, 2025 – According to a Bloomberg report today, the European Union (EU) is proposing the establishment of an advanced research project agency, mirroring a similar entity in the US government, to invest in strategic technologies as part of a broader effort to enhance the EU’s competitiveness. Additionally, the EU is calling for the…
BYD SHARK New Energy Pickup Makes Its Way to Ecuador, Expanding Global Presence
January 24, 2025 – BYD, a leading Chinese automotive brand, has officially announced the launch of its luxurious and intelligent new energy pickup, the BYD SHARK, in the Ecuadorian market. According to BYD, the design inspiration for the new vehicle came from the agility and dominance of sharks, breaking away from the traditional dull design…
Salesforce CEOHints at Microsoft’s Potential Independence from OpenAI
January 24, 2025 – Marc Benioff, CEO of Salesforce, chuckled when discussing the emerging rift between Microsoft and OpenAI during an interview with CNBC at the Davos World Economic Forum. Recently, OpenAI announced plans to collaborate with SoftBank and Oracle on a massive $500 billion data center project named “Stargate,” effectively ending Microsoft’s exclusive role…