Nissan and Mitsubishi have agreed to invest approximately $800 million in Renault’s EV division, Ampere. This investment deal was first reported by Incognito Blog in July, with Nissan planning to invest up to $663 million in Ampere. The deal is expected to be completed in the fourth quarter of 2023, with Mitsubishi investing an additional…
Google: Bard AI Gets an Upgrade
In an effort to establish dominance in conversational artificial intelligence (AI), Google’s Bard will now be powered by its latest AI model, Gemini, which will enhance its reasoning, planning, understanding, summarizing, and writing capabilities. According to Google, Gemini will be released in three tiers: Ultra, Pro, and Nano, and can be used on various devices…
Meta: $600 Million Privacy Lawsuit
Meta, the parent company of Facebook, Instagram, Threads, and WhatsApp, is currently facing a lawsuit of about $600 million USD for non-compliance with the European Union’s General Data Protection Regulation (GDPR). The suit was filed by an association of newspaper owners in Spain named AMI. According to recent reports, Meta disregarded the legal requirement requiring…
Alaska Air: $1.9 Billion Hawaiian Airline Deal
Alaska Air Group is an airline holding company with its headquarters in Washington, USA. The group owns Alaska Airlines and Horizon Air, a mainline carrier and a regional carrier. Previously known as McGee Airways, Alaska Airlines is the 5th largest airline in North America, covering over 100 destinations. McGee Airways was an American airline that…
Spotify to Layoff 1,500
Spotify has announced a 17% workforce reduction to focus the company’s resources on delivering real impact to its customers. CEO Daniel, mentioned that impacted employees will be contacted by Human Resources (HR) for a one on one conversation. Daniel urged the rest of the team to embrace this leaner structure as it enables the company…
Jeep Recalls 32,125 Vehicles
Jeep is an American automobile brand, currently owned by the multinational corporation Stellantis. It was established in 1945 with its headquarters in Toledo, Ohio. In 1987, Jeep became a subsidiary of Chrysler after being acquired from its previous owner, American Motors Corporation (AMC). Accord to reports, Jeep has announced a recall of 32,125 units of…
Honda: $3.4 Billion Electric Motorcycle Investment
Honda has announced plans to invest 500 billion yen ($3.4 billion USD) in the production of 30 new electric motorcycle models by 2030. The Japanese multinational company also plans to reduce the current cost of electric motorcycles by up to 50 percent. Honda has been the largest motorcycle manufacturer in the world since 1959, with…
Project Kuiper and SpaceX Deal
Kuiper Systems LLC, also known as Project Kuiper, was established in 2019 as an Amazon subsidiary with the aim of deploying large satellite internet packages to provide broadband internet from Earth’s orbit. According to recent reports, Amazon has acquired three Falcon 9 launches from SpaceX to support the deployment of its Project Kuiper mega-constellation. These…
Amazon Launches Q
Amazon is an American multinational technology company that specializes in e-commerce, online advertising, digital streaming, and artificial intelligence etc. The company recently announced its generative artificial intelligent (AI) powered assistant named Amazon Q. Amazon Q is a conversational AI bot developed to generate content, streamline processes, solve problems, and provide relevant information specifically tailored to…
SpaceX: $2.2 Million Pioneer Aerospace Deal
SpaceX (Space Exploration Technologies Corporation) is an American aerospace manufacturer and satellite communications company headquartered in Hawthorne, California. It was established in 2002 by Elon Musk with the aim of making space transportation more affordable to facilitate Mars colonization. The company produces various launch vehicles such as Falcon 9, Falcon Heavy, and Starship, as well…