US Government Cuts Intel’s Subsidy: Dropping from 8.5BilliontoBelow8 Billion
November 25, 2024 – According to informed sources cited by The New York Times, the Biden administration in the United States is planning to reduce the initial 8.5billionallocationfromtheChipsandScienceActgrantedtoIntelCorporation.Thefundingamount,whichwasannouncedearlierthisyear,isexpectedtobecuttobelow8 billion. This change in conditions takes into account a $3 billion contract obtained by Intel to produce chips for the U.S. military. The U.S. government’s decision to…
Gurman Says iOS 19 Will Preview Enhanced Siri in 2025, Full Features Arriving in Spring 2026
November 25, 2024 – In his latest Power On newsletter, Gurman revealed that Apple is planning a significant enhancement for Siri in iOS 19, which is expected to be announced at WWDC 2025 next June. According to the report, Siri will become more like ChatGPT in key functionalities, allowing it to handle more complex requests….
Tesla Model 3 Ranks Lowest for Second Year in a Row in German TÜV Reliability Tests
November 25, 2024 – According to a report by Carscoops, the latest reliability test results released by the German TÜV association reveal that the Tesla Model 3 has ranked at the bottom for two consecutive years in both the 2-3 year and 4-5 year age groups. The TÜV test, a compulsory vehicle inspection in Germany,…
Elon Musk’s Wealth Reaches New Heights at $348 Billion
November 25, 2024 – According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk has achieved a new record high in his net worth, reaching $347.8 billion. This remarkable milestone was attained on Friday last week, when Tesla shares rose by 3.8%. Since November 4th, Tesla’s stock price has surged 45%, adding approximately 350billiontoitsmarketcapitalization.AsofFriday′sclose,thecompany′stotalmarketvaluestoodat1.13 trillion….
OpenAI Eyes Browser Market, Gearing Up for Direct Challenge to Google Chrome
November 22, 2024 – According to a report by The Information, OpenAI is considering launching its own AI-based chatbot browser to directly compete with Google. Sources familiar with the matter have revealed that OpenAI is in discussions or has already reached agreements with various parties to provide search services for travel, food, real estate, and…
Mercedes-Benz Aims to Slash Costs by Billions Each Year
November 24, 2024 – According to a report by Handelsblatt on Thursday, a spokesperson for Mercedes-Benz has announced plans to cut costs by billions of euros annually in the coming years. The spokesperson, as reported, did not elaborate on the specific measures to be taken for cost reduction and remained silent on the possibility of…
Amazon Faces EU Investigation Over Potential Favoritism Towards Its Own Brands in E-commerce Market
November 22, 2024 – Amazon may face an investigation by the European Union next year, according to a report by Reuters on November 21st, regarding whether it favors its own branded products in the e-commerce market. Sources with direct knowledge of the matter revealed that European antitrust regulators have established a case under new rules….
Boeing CEO Warns: Serious Cultural Issues Demand Mistake-Free Future
November 22, 2024 – Following a company-wide meeting on November 20th, Boeing CEO Kelly Ortberg expressed concerns regarding the company’s deep-seated cultural issues, stating that it cannot afford to make any further mistakes. In his address, Ortberg pointed out the bloated management structure, wasteful spending, and a culture of internal strife and blame-shifting within the…
Siri’s New Era: Seamless Interaction and Enhanced AI Coming in 2026
November 22, 2024 – According to a recent report published by Bloomberg, Apple is currently developing a more intelligent version of Siri, dubbed internally as “LLM Siri,” with plans to release it in 2026. The new Siri is said to utilize an “advanced large language model,” significantly enhancing its capabilities and allowing it to compete…
iPhone Pro Max Emerges as Top Seller in CIRP’s Apple Sales Analysis
November 22, 2024 – According to the latest data from market research firm CIRP, Apple’s base model iPhones accounted for 42% of total iPhone sales this year. However, it’s worth noting that the iPhone Pro Max remains the best-selling single model. Apple sells several generations of its base model iPhones at different price points, while…