General Motors has issued a recall of 18,235 commercial vehicles in the United States due to concerns over brake lines. According to reports, the brake line may have insufficient clearance to the body mounts, which can result in brake line damage that can lead to a brake fluid leak. Affected vehicles include Chevrolet Express Cutaway…
El Cosmico: World’s First 3D Printed Hotel
El Cosmico is said to be the world’s first 3D printed hotel opening in the outskirts of the city of Marfa, Texas, and is being constructed by Texas-based 3D printing company ICON. According to reports, the property spans over 40 acres and will feature 43 new single-room hotel units and 18 three-bedroom residential units, all…
Nebius $1 Billion AI Infrastructure Investment In Europe
Nebius is a technology company founded in 2020 and headquartered in Amsterdam. It specializes in building full-stack infrastructure to service the explosive growth of the global AI industry, including large-scale GPU clusters, cloud platforms, and tools and services for developers. According to reports, Nebius has announced plans to invest over $1 billion USD to build…
Commvault To Acquire Clumio
Commvault Systems, Inc. is an American publicly traded data protection and data management software company founded in 1996 and headquartered in Tinton Falls, New Jersey. Its software is used for backup, recovery, threat detection, cloud, and infrastructure management from a single unified interface. According to reports, Commvault has announced plans to acquire Clumio, a data…
ByteDance Is Shutting Down TikTok Music
ByteDance Ltd, the parent company of TikTok, has announced plans to shut down TikTok Music, its music streaming service, in November 2024, to focus on driving greater music listening by partnering with music streaming services rather than competing with them. According to reports, subscribers can continue using the service until November 28, after which renewals…
Octopus Energy: Exagen Group Acquisition Deal
Octopus Energy Group is a British renewable energy group founded in 2015 and headquartered in London, England. It specializes in sustainable energy and is the UK’s largest supplier of electricity to domestic customers and the second largest in domestic gas. According to reports, Octopus has announced plans to acquire Exagen Group, a solar and battery…
Vista & Blackstone To Acquire Smartsheet For $8.4 Billion
Vista Equity Partners, an American private equity firm founded in 2000 that specializes in investments in software, data, and technology-enabled businesses along with Blackstone has announced plans to acquire Smartsheet, a collaboration software maker for $8.4 billion USD. According to reports, this all-cash transaction values Smartsheet at $56.50 per share and will accelerate the vision…
OYO: $525 Million Motel 6 Acquisition Deal
OYO Hotels & Homes is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. It was founded in 2012 and is headquartered in Gurgaon, Haryana, India. As of 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries. According to reports, OYO has…
Samsung To Invest $1.8 Billion In Vietnam
Samsung has announced plans to invest $1.8 billion USD in Yen Phong Industrial Park in Bac Ninh province, Vietnam, to manufacture organic light-emitting diode (OLED) displays. According to reports, the new facility will be used for the production of OLED displays for automobiles and technology equipment to expand Samsung’s presence in the region. The report…
Apollo To Invest $5 Billion In Intel
Apollo Global Management, Inc. is an American asset management firm founded in 1990 and headquartered in New York City. It provides investment management services like private equity, credit, real assets, etc. As of 2022, the company had $548 billion USD of assets under management. According to reports, Apollo has announced plans to invest $5 billion…