ByteDance Reports 35% Year-on-Year Revenue Growth to $73 Billion in First Half of 2024, with International Revenue Surging Over 60%

November 05, 2024 – According to a report by The Information, ByteDance has achieved remarkable growth in its international revenue, increasing by over 60% in the first half of this year to reach approximately $17 billion. Furthermore, the company’s total revenue for the same period was primarily driven by advertising and e-commerce businesses from its…

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GM’s Move Away from Apple CarPlay Backed by Software Head’s Strong Belief

November 05, 2024 – In a recent conversation released by The Verge, Baris Cetinok, Senior Vice President at General Motors (GM) responsible for software and services, product management, project management, and design, shared his insights on the company’s strategic decisions regarding in-car technology. Having joined GM from Apple just over a year ago, Cetinok emphasized…

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Nvidia Eyes Investment in Elon Musk’s xAI, Seeking to Join Multibillion-Dollar Funding Round

November 05, 2024 – According to informed sources, Elon Musk’s AI startup, xAI, is planning to raise 5billionatavaluationofapproximately45 billion. Potential investors include venture capital firms such as Sequoia Capital, Andreessen Horowitz, and Vy Capital. Reports from The Information indicate that xAI representatives have disclosed to potential investors that Nvidia has engaged in discussions regarding xAI’s…

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Samsung Initiates Unprecedented Voluntary Retirement Scheme, Cutting Over 30% of Foundry Staff

November 04, 2024 – According to recent media reports, Samsung Electronics executives have revealed plans to implement an unprecedented four-round large-scale voluntary retirement program. This initiative is particularly targeted at the company’s continuously loss-making wafer foundry manufacturing team, with the 8-inch foundry manufacturing and technical team facing a reduction of over 30% in its workforce….

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