Gurman Warns: Apple Must Cut App Store Fees to Avoid Global Legal Battles
May 20 2025 – In last night’s “Power On” newsletter, Bloomberg’s Mark Gurman disclosed that Apple is currently raking in approximately $20 billion annually from its App Store. For developers, the platform offers a convenient ecosystem where they can avoid the hassles of setting up their own payment systems, managing accounts, and handling refunds. They…
Unveiling the Power: Specs of AMD RX 7800M XT with 60 CU and 16GB VRAM
June 7, 2023 – A recent leak from @All_The_Watts has unveiled the first 3DMark benchmark scores for the AMD Radeon RX 7800M XT mobile graphics card, showcasing its superior performance compared to its predecessor, the RX 6800. Furthermore, the source has also revealed specifications for other AMD mobile graphics cards based on the Navi32 architecture,…
Collaborative Breakthrough: Hyundai Joins Forces with Samsung, SK, and LG in Automotive Alliance
June 13, 2023 – In a remarkable move, Hyundai has announced a groundbreaking alliance with Samsung, SK, and LG, aiming to revolutionize the electric vehicle industry by leveraging their combined strengths and resources. According to reports, Samsung will primarily contribute its cutting-edge semiconductor solutions for autonomous driving systems. SK, on the other hand, will focus…
CATL Launches First European Factory in Germany
Contemporary Amperex Technology Limited (CATL) is a Chinese battery manufacturer that has launched its first factory in Europe in Arnstadt, Germany. This marks the company’s first factory outside of China. The factory is expected to have an annual production capacity of 30 million cells, enough to assemble 185,000 to 350,000 electric vehicles. The project has…
OpenAI CEO Commits to Helping India Establish Low-Cost AI as the Country Rises to Become Its Second Largest Market
February 7, 2025 – On Wednesday local time, Sam Altman, the CEO of OpenAI, revealed that India has emerged as the second-largest market for OpenAI in terms of user count, experiencing a threefold increase in users over the past year. According to Reuters, Altman met with Ashwini Vaishnaw, the Indian Minister of Information Technology, to…
Google Shells Out Cash to Keep Some AI Employees Idle for a Year, Thwarting Rival Hires
April 8, 2025 – The rivalry among tech behemoths like Google, OpenAI, and others in the realm of artificial intelligence is intensifying, and retaining top – notch AI talent has emerged as a formidable challenge. Business Insider has revealed that Google’s AI division, DeepMind, has adopted an “aggressive” non – compete agreement to thwart employees…
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…
Intel’s New CEO Sets 50% Gross Margin Threshold for Project Approvals
June 7, 2025 – During the Bank of America Global Technology Conference, Michelle Johnston Holthaus, the product chief executive at Intel, revealed that the company’s newly appointed CEO, Lip-Bu Tan, is advocating for a mid-term goal of restoring the company’s gross margin to 50%. According to Johnston Holthaus, any new projects that fail to meet…
Sohu AI Chip: World’s First Dedicated Transformer Chip Processes 500,000 Tokens Per Second
June 26, 2024 – Etched, a startup founded by Harvard dropouts Gavin Uberti and Chris Zhu less than two years ago, has announced the completion of a $120 million Series A funding round. The funds will be utilized for the development and marketing of Sohu, the world’s first Transformer Application Specific Integrated Circuit (ASIC) chip….
German Antitrust Authority Gives Green Light to Volkswagen-Rivian Joint Venture
July 30, 2024 – The German antitrust regulatory authority, the Bundeskartellamt, announced on July 29 local time that it has approved the establishment of a 50%-50% joint venture between Volkswagen and the American automotive startup Rivian. The regulator also gave the nod for Volkswagen to acquire a minority stake in Rivian. Volkswagen had previously declared…