Tesla has announced plans to lay off its entire supercharging team which is approximately 500 employees as part of a cost reduction effort stating financial difficulties. This move comes when every major automaker with presence in North America adopted Tesla’s supercharging system known as the North American Charging Standard (NACS) because it is widely available,…
Glovo Exits Ghana
Glovo is a Spanish on-demand delivery company that was founded in 2015 and is headquartered in Barcelona, Spain. It offers delivery services for food, groceries, and other products and operates in various countries in Eastern Europe, Latin America, and Africa. According to reports, Glovo has announced plans to cease operations in Ghana, citing profitability challenges….
Microsoft: $1.7 Billion AI & Cloud Investment
Microsoft has announced plans to invest $1.7 billion USD in cloud and artificial intelligence infrastructure in Indonesia. This investment deal is expected to be made over the next four years and will include building a new data center as it aims to bring the latest AI and cloud infrastructure to Indonesia. The report further states…
IBM: $730 Million Semiconductor Investment
IBM, International Business Machines, the world’s largest industrial research organization, has announced plans to invest $730 million USD to expand its semiconductor packaging and testing plant in Bromont, Quebec, Canada. This investment deal is expected to be made over a period of five years and will focus on advanced semiconductor components as it aims to…
UK: World’s First Ban On Weak Passwords
The UK government has announced plans to ban weak passwords on all smart devices to improve cybersecurity and protect against threats from hackers. The ban is part of a broader effort to implement stricter security measures for internet-connected devices such as phones, TVs, smart doorbells etc. Users will be prompted to change any common or…
Nigeria: $600 Million Maersk Investment
Maersk is a shipping and logistics company that specializes in supply chain management, port operations, freight forwarding, warehousing, and container shipping. The company was founded in 1904 with its headquarters in Copenhagen, Denmark. According to reports, Maersk has announced plans to invest $600 million USD in Nigeria’s seaport infrastructure. The investment will be channeled into…
Southwest Airlines To Layoff 2,000
Southwest Airlines is a major airline that operates on a low-cost carrier model. It was founded in 1967 and is headquartered in Love Field, Dallas, Texas. According to reports, Southwest Airlines has announced plans to lay off 2,000 employees due to significant challenges caused by delays in Boeing aircraft deliveries. The report further mentions that…
Amazon: $10.6 Million Fine
Italy’s competition authority has fined two Amazon companies a sum of $10.6 million USD for allegedly engaging in unfair commercial practices related to online purchases. The Italian Competition Authority, also known as Autorità Garante della Concorrenza e del Mercato (AGCM), is a competition regulator in Italy. It is responsible for consumer protection against unfair trade…
IBM: $6.4 Billion HashiCorp Deal
IBM, International Business Machines, the multinational technology corporation known as Big Blue, has announced plans to acquire HashiCorp for $6.4 billion USD. This acquisition deal is expected to close by the end of the year and will bring about a comprehensive hybrid cloud platform designed for the AI era. The report further states that IBM…
Nvidia: $600 Million Run:ai Acquisition Deal
Nvidia, the software and fabless design multinational technology company has announced it acquired Run: ai for $700 Million USD. This acquisition deal will give enterprise customers access to computing infrastructure and software that they can use to train models for generative and other forms of AI.The report further mentions that Nvidia seeks to maintain the…