xAI, Led by Musk, Eyes $120B Valuation in Ongoing Funding Negotiations
May 9 2025 – According to a report from The New York Times today, Elon Musk’s AI startup, xAI, is currently engaged in discussions for a fresh round of funding, with its valuation potentially skyrocketing to $120 billion. In contrast, its rival, OpenAI, recently secured a new funding round in March this year, catapulting its…
Tesla Unveils Long Range RWD Model Y in U.S. at $44,990: A New Electric Contender
May 7, 2025 – Tesla has recently unveiled an expanded lineup for its Model Y in the United States, introducing a new Long Range Rear-Wheel Drive (RWD) variant. Priced at an official starting point of 44,990,thevehiclebecomesevenmoreappealingwiththeapplicationofa7,500 federal tax credit, bringing the effective cost down to $37,490. According to details available on Tesla’s official website, this…
TikTok Unveils $1B Finnish Data Hub to Safeguard 175M European Users
May 7, 2025 – TikTok made a significant announcement today, revealing plans to establish its inaugural office in Finland and launch its first data center project in Kouvola as part of the “Clover Initiative.” The data center, which will be constructed by local developer HyperCo Oy, involves a total investment of 1 billion euros. TikTok…
Rivian Pumps $120M into U.S. Supply Chain to Counter Tariff Strains
May 7, 2025 – On Monday local time, U.S. electric vehicle manufacturer Rivian unveiled a $120 million investment plan to establish a supplier park adjacent to its factory in Normal, Illinois. This move comes on the heels of the company’s previously announced $1.5 billion expansion initiative for its Illinois – based production facility. According to…
Breaking the Chains: U.S. Senator Challenges Apple’s App Store Dominance with New Legislation
May 7, 2025 – Today, tech media outlet The Verge highlighted a new legislative move in the United States, as a Florida congresswoman introduced a bill that could reshape the mobile app ecosystem. Republican Representative Kat Cammack from Florida has put forward the “App Store Freedom Act,” a proposal aimed squarely at major app store…
Apple Supplier Jabil Plans Second Indian Facility to Boost AirPods Casing Production
May 7, 2025 – Apple’s key supply chain partner Jabil is gearing up to establish its second manufacturing facility in Tiruchirappalli, Tamil Nadu, India, to ramp up production capacity for AirPods casing components, according to industry sources cited by DigiTimes. The move follows the company’s existing operations in Pune, where it currently manufactures components that…
Volvo Unveils $1.9B Cost-Cutting Drive, Shares Slide Nearly 10%
April 30, 2025 – Volvo Cars unveiled a significant cost-reduction initiative on Tuesday, local time, targeting an estimated $1.87 billion in savings, while simultaneously retracting its financial outlook for the upcoming years amid a sharp decline in first-quarter operating profits. The Swedish automaker’s latest financial report revealed a substantial drop in operating profit, plummeting to…
U.S. House Cracks Down on AI-Generated Non-Consensual Pornography with New Bill
April 30, 2025 – On Monday, the U.S. House of Representatives passed a landmark bill aimed at combating the rising tide of non-consensual deepfake pornography, a form of artificial intelligence-generated explicit content often referred to as “deepfake revenge porn.” The legislation, which has now advanced to the White House for presidential approval, seeks to criminalize…
Lyft Rolls Out AI ‘Earnings Assistant’ to Supercharge Drivers’ Profits
April 30, 2025 – North American ride-hailing leader Lyft has unveiled an AI-powered chat tool called “Earnings Assistant” to help drivers optimize their time on the road and strategize pickups more effectively, The Verge reported today. By integrating real-time data such as airport arrival schedules and local event timings, the tool empowers drivers to craft…
Apple’s U.S. Manufacturing Hinges on Advanced Robotics, Says Cook
April 30, 2025 – In a recent interview with CNBC, U.S. Secretary of Commerce Howard Lutnick revealed that during discussions with Apple CEO Tim Cook, the latter indicated the tech giant could potentially assemble iPhones domestically if it secured access to advanced “robotic arms” technology. Lutnick, who has been actively engaging with Cook on the…