Toyota, the Japanese auto manufacturer, has announced plans to invest $282 million USD in Huntsville, Alabama to add new product lines at the Huntsville plant. The report also mentions that this investment will create approximately 350 jobs and bring the total investment in Toyota Alabama to over $1.7 billion USD.
Nvidia: $3 Trillion Market Cap
Nvidia Corporation, the American multinational technology company, achieved a market capitalization of $3.012 trillion USD after its stock rose to $1,224.40 at the end of the day on Wednesday, June 5, 2024, making it the second most valuable company in the world. This is a result of the surge in the Artificial Intelligence space. Nvidia…
Kimberly-Clark Exits Nigeria
Kimberly-Clark Corporation is an American multinational consumer goods and personal care corporation that produces mostly paper-based consumer products. It was founded in 1872 and is headquartered in Texas, USA. The company’s products include notable brands such as Kotex and Huggies baby diapers. According to reports, Kimberly-Clark has announced its intention to exit Nigeria after 15…
Microsoft To Layoff 1,500
Microsoft has announced plans to lay off 1500 employees in its Azure cloud unit as part of a restructuring initiative. This restructuring plan will allow Microsoft to cut costs as well as focus on AI development and invest in strategic growth areas. The layoffs will affect Azure for Operators and Mission Engineering teams. In January,…
Cisco: $1 Billion AI Investment
Cisco Systems, Inc. also known as Cisco is a multinational technology company that designs, manufactures, and sells networking hardware, software, and services. It was founded in 1984 and is headquartered in California, USA. According to reports, Cisco has announced plans to invest $1 billion USD in an AI investment fund. This investment fund will be…
Toyota Recalls 102,092 Vehicles
Toyota has issued a recall of 102,092 vehicles over possible debris in the engine. According to the notice from the National Highway Traffic Safety Administration (NHTSA), certain vehicles equipped with a V35A engine may have debris from the manufacturing process that may contaminate the engine and cause the main bearings to fail, which can result…
Microsoft: $3.2 Billion Investment In Sweden
Microsoft has announced plans to invest $3.2 billion USD in Sweden to improve its cloud and Artificial Intelligence infrastructure over the next 2 years. This investment deal will provide 20,000 sophisticated graphics processing units to Sandviken, Gävle, and Staffanstorp data centers and will train 250,000 Swedes in AI capabilities by 2027. The report further mentions…
Tesla Recalls 125,227 Vehicles
Tesla has issued a recall of 125,227 vehicles due to a faulty seatbelt warning system. According to the notice from the National Highway Traffic Safety Administration (NHTSA), these vehicles do not meet the federal safety requirements because the seat belt warning light and audible chime may not activate when the driver is not wearing a…
The First All-Electric Jeep
Jeep is an American automobile brand, currently owned by the multinational corporation Stellantis. It was established in 1945 with its headquarters in Toledo, Ohio. According to reports, Jeep has unveiled its first fully electric SUV, the Jeep Wagoneer S. The electric SUV is equipped with dual electric motors and can generate 600 horsepower and 617…
India: Launches World’s First 3D-Printed Rocket Engine
AgniKul Cosmos Private Limited is an Indian aerospace manufacturer founded in 2017 with its headquarters in Chennai, India. The company specializes in launch vehicles and satellite propulsion systems. According to reports, Agnikul launched its first sub-orbital test spacecraft named Agnibaan SOrTeD (Sub-Orbital Technology Demonstrator), powered by 3D-printed semi-cryogenic engines on May 30, 2024, from its…