Volvo Cars Slashes 3,000 Jobs to Tackle Cost Pressures and Trade Tariff Woes

May 27 2025 – Volvo Cars, the Swedish automaker under the ownership of China’s Geely Holding Group, unveiled on Monday a significant workforce reduction as part of a restructuring initiative announced last month. The company plans to slash 3,000 jobs, predominantly affecting white-collar positions, amidst a backdrop of escalating costs, sluggish demand for electric vehicles,…

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OpenAI and Top Universities Launch NextGenAI Alliance, Invest $50 Million to Revolutionize Education

March 5, 2025 – OpenAI has announced the launch of NextGenAI, an innovative alliance composed of 15 leading research institutions. This coalition aims to harness the power of artificial intelligence to drive scientific breakthroughs and transform education. According to the official announcement, the founding partners of NextGenAI include, besides OpenAI itself, California Institute of Technology,…

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