Google has announced plans to build the first subsea fiber optic cable called Umoja to connect Africa to Australia as it aims to improve internet connectivity on the continent. The Umoja cable will be anchored in Kenya and will pass through Uganda, Rwanda, the Democratic Republic of the Congo, Zambia, Zimbabwe, and South Africa before…
South Korea: $19 Billion Chip Industry Investment
South Korea has announced plans to invest $19 billion USD in a support package for the countries semiconductor chip industry. This plan includes the $7.30 billion USD investment package previously reported by Incognito blog, which aims to boost chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. The support package will also…
Ericsson: $50 Million 5G Factory Investment
Ericsson has announced plans to invest an additional $50 million USD to expand its 5G factory in Lewisville, Texas. The factory opened in 2020 and has been shipping 5G network products, including 5G and Massive MIMO radios, to all tier-one communications service providers in the United States. This investment will allow Ericsson to accelerate production…
Lamborghini Recalls 2,133 Vehicles
Lamborghini has issued a recall of 2,133 vehicles because the hood may open while driving. According to the notice from the National Highway Traffic Safety Administration (NHTSA), small gaps may form between the hood and front bumper when the vehicle is at high speed and can cause the separated hood latch to open and increase…
Pixar To Layoff 14%
Pixar Animation Studio is an American CGI film production company and a subsidiary of The Walt Disney Studios. It was founded in 1986 and is headquartered in Emeryville, California. Some of the films produced by the company are Toy Story, The Incredibles, and Monsters, Inc. According to reports, Pixar has announced plans to lay off…
Microsoft Launches Copilot For Teams
Microsoft has announced the launch of Team Copilot, aimed at bringing the AI virtual assistant experience to every user. Team Copilot will be available to customers later in the year. It will be integrated directly within Microsoft’s Loop and Planner tools and will be able to assign tasks, track deadlines, and notify team members when…
Red Lobster Files For Bankruptcy
Red Lobster Hospitality, LLC is an American casual dining restaurant chain founded in 1968 and headquartered in Orlando, Florida. The company is known for its crab, lobster, and shrimp dishes. As of 2024, it operates in over 500 locations worldwide. According to reports, Red Lobster has filed for Chapter 11 bankruptcy, citing macroeconomic conditions as…
SeekOut To Layoff 30%
SeekOut is an AI-powered talent intelligence platform that helps organizations recruit, retain, and grow talent. It was founded in 2017 and is headquartered in Seattle. The company leverages AI and machine learning technologies to search and match candidates with job vacancies. According to reports, SeekOut has announced plans to lay off 30% of its workforce….
AstraZeneca: $1.5 Billion Cancer Facility
AstraZeneca is a British-Swedish multinational pharmaceutical and biotechnology company, founded in 1999 with its headquarters at the Cambridge Biomedical Campus in Cambridge, England. AstraZeneca is one of the largest pharmaceutical companies in the world, with a portfolio of products in oncology, cardiovascular, gastrointestinal, infection, neuroscience, etc. It was also involved in developing the Oxford–AstraZeneca COVID-19…
Google: $1.1 Billion Investment in Finland
Google, the technology company, has announced plans to invest $1.1 billion USD to expand its data center campus in Finland. The report further mentions that the investment will drive its artificial intelligence business growth in Europe, as Google aims to achieve net zero emissions across all of its operations and value chain by 2030. Last…