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Boeing: $4.7 Billion Spirit Aero Acquisition

The Boeing company is an American multinational company founded in 1916 and headquartered in Crystal City, Virginia. It designs, manufactures, and sells airplanes, rockets, satellites, security systems, and missiles worldwide. According to reports, Boeing has announced plans to acquire Spirit AeroSystems in an all-stock deal valued at $4.7 billion USD to solidify its position in…

Baidu Launches Ernie 4.0 Turbo

Baidu, the Chinese multinational technology company that offers cloud computing, artificial intelligence, and internet services, has unveiled its upgraded generative AI model called Ernie 4.0 Turbo. According to reports, Ernie 4.0 Turbo offers faster response and better performance on real-world data than previous models and will be available to users via the web and mobile…

Fisker Recalls 12,523 Vehicles

Fisker has issued a recall of 12,523 vehicles in North America and Europe due to issues with the outer door handles. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a door that fails to open can prevent occupants from exiting in an emergency and increase the risk of injury. Affected vehicles…

NFL: $4.7 Billion Antitrust Fine

The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). It was founded in 1920 as the American Professional Football Association and is headquartered on Park Avenue in New York City. According to reports, a…

Porsche Recalls 31,689 Vehicles

Porsche has issued a recall of 31,689 vehicles due to faulty brakes. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the front brake hoses may overtime develop cracks, leading to a loss of brake fluid in the system and reduced functionality of the front brakes. Drivers will receive a “brake fluid…

Amazon: $2 Trillion Market Cap

Amazon Inc. is an American multinational technology company founded in 1994 and headquartered in Seattle, Washington, and Arlington, Virginia. It specializes in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. According to reports, Amazon hit the $2.01 trillion USD market cap mark after its shares rose nearly 4%, finishing the day at $193.61…

Volkswagen Recalls 271,330 Vehicles

Volkswagen has issued a recall of 271,330 vehicles due to faulty passenger-side airbags. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a wiring error under the front passenger seat may cause the airbags not to deploy during a crash. Affected vehicles include 2021-2024 Volkswagen Atlas and 2020-2024 Volkswagen Atlas Cross Sport…

OpenAI Plans To Exit China

OpenAI has announced plans to restrict access to its application programming interface (API) in China and other countries that are not on their supported countries list. According to reports, OpenAI’s API will no longer be accessible in China starting from July 2024. ChatGPT is not available in mainland China, but Chinese companies have used OpenAI’s…

Volkswagen: $5 Billion Investment In Rivian

Volkswagen Group has announced plans to invest up to $5 billion USD in Rivian, starting with an initial investment of $1 billion USD. The additional $4 billion USD will be invested over time. According to reports, this investment will help create a joint venture between Volkswagen and Rivian to develop software technology and electrical architecture…

Ford Recalls 552,188 Vehicles

Ford has issued a recall of 552,288 vehicles in the United States due to issues with the transmission. According to reports, the transmission can unexpectedly downshift to first gear and can cause drivers to lose control and increase the risk of a crash. There have been multiple reports by customers regarding the unexpected transmission downshifting….

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