European EV Market Outlook Worsens, Says Automotive Industry Body
November 14, 2024 – The European Automobile Manufacturers’ Association (ACEA) significantly lowered its prediction for the market share of pure electric vehicles (EVs) in 2025 from 27% to 21%, according to a statement released on the 13th local time, as reported by CCTV News. This adjustment indicates that the European Union faces substantial challenges in…
Ford Scales Back Electric Vehicle Production in Europe Amid Slow Sales
November 14, 2024 – Ford Motor Company has announced a production cutback for its Explorer and Capri electric vehicle (EV) models at its Cologne plant in Germany, citing sluggish market demand. It’s worth noting that both models had just entered production in June and September of this year, respectively. According to a Ford spokesperson, the…
Nokia Boosts 5G and 4G Revenue with Acquisition of Global API Hub
November 14, 2023 – Nokia announced on Wednesday that it has acquired the world’s largest Application Programming Interface (API) hub and marketplace from the US-based company, Rapid. This strategic move aims to bolster the revenue of its 5G and 4G network business. Like other telecommunications equipment manufacturers, Nokia has been exploring ways to monetize its…
Meta’s Threads to Experiment with In-Feed Ads Starting Next Year
November 14, 2024 – According to a report published by The Information yesterday (November 13th), Meta’s social platform Threads is set to introduce advertisements into its users’ feeds in 2025. This marks a new stage in the commercialization process of Threads, as the company plans to pilot the ad placement starting next January. The initiative,…
Boeing to Reduce Workforce by 10%, Impacting 17,000 Jobs
November 14, 2024 – Boeing, the aerospace giant, is set to begin notifying employees this week about its plan to eliminate 17,000 jobs, accounting for 10% of its global workforce. This downsizing is part of the company’s previously announced restructuring plan. In a statement, Boeing declared, “As previously announced, we are resizing our workforce to…
NVIDIA’s New Consumer-Grade APU Promises RTX 4070-Level Gaming Performance
November 13, 2024 – In the latest video from the YouTube channel “Moore’s Law is Dead,” details have emerged about NVIDIA’s upcoming consumer-grade APU (Accelerated Processing Unit). The new APU, rumored to be a competitor to AMD’s forthcoming Strix Halo APU, is reported to offer gaming performance comparable to the 65W laptop version of the…
TikTok Gets a Reprieve from Trump: Competition Among Platforms Encouraged
November 13, 2024 – With just over two months remaining, TikTok faces the possibility of being banned in the United States, as previously reported. However, a potential turnaround may be on the horizon, as the newly elected President Trump had explicitly stated during his campaign that he opposes the prohibition of TikTok. According to the…
Amazon to Discontinue Freevee, its Free Ad-Supported Streaming Service
November 13, 2024 – According to Deadline, Amazon is shutting down its free, ad-supported streaming television service, Freevee. The original content from Freevee is being gradually migrated to Prime Video, where users, even without a Prime subscription, can access new episodes previously available on Freevee. The Freevee brand, as reported by Deadline, is set to…
OpenAI Welcomes Back Co-Founder Greg Brockman
November 13, 2024 – Greg Brockman, the co-founder and former president of OpenAI, has announced his official return to the company through a post on X. “The longest vacation of my life is over, and now it’s time to resume building @OpenAI,” Brockman stated. Brockman’s departure from OpenAI dates back to the days of the…
EU Demands Apple to End Geo-blocking on App Store and Music Services
November 13, 2024 – According to a Bloomberg report, the European Commission stated on Tuesday that Apple’s practice of geo-blocking may violate consumer protection rules, adding to the regulatory pressure the tech giant is already facing in the European Union. The EU has demanded that Apple halt its geo-blocking practices for services including the App…