Express, Inc. is an American fashion retailer founded in 1980 and operates an omnichannel platform as well as physical and online stores. The company is headquartered in Columbus, Ohio, and operates three major brands: Express, Bonobos, and UpWest. According to reports, Express has filed for Chapter 11 bankruptcy protection as a result of debt and…
Kyrgyzstan To Ban TikTok
Kyrgyzstan, officially the Kyrgyz Republic, is a landlocked country in Central Asia, with a population of over 7 million residents as of 2023. It is bordered by Kazakhstan, Uzbekistan, Tajikistan, and China. According to reports, the government of Kyrgyzstan has announced a nationwide ban on the popular Chinese-owned video-sharing app TikTok. This comes from the…
Tesla Recalls 3,878 Cybertrucks
Tesla has issued a recall of 3,878 cybertruck vehicles due to faulty accelerator pedals. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the accelerator pedal pad may dislodge and become trapped by the interior trim, increasing the risk of a crash. Tesla service will replace or repair the accelerator pedal assembly…
Meta Launches AI Chatbot Across Platforms
Meta, the parent company of Facebook, Instagram, Threads, and WhatsApp, has announced the launch of its new AI chatbot called Meta AI powered by Llama 3, now running on the search bar of its major platforms. It is also accessible via a standalone website at Meta.ai. According to reports, Meta AI has been available in…
Rivian To Layoff 1%
Rivian, the company that specializes in electric SUVs and pickup trucks, has announced plans to lay off 1% of its workforce due to slower demand in electric vehicles as it aims to reduce costs. The company has also shut down its production line for an upgrade to increase efficiency and meet its end-of-year quota. In…
Ford Recalls 456,565 Vehicles
Ford has issued a recall of 456,565 vehicles due to a battery detection issue that can result in a loss of drive power. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the body control module (BCM) and powertrain control modules (PCM) for these cars may fail to detect changes in battery…
Take-Two Cuts 579 jobs
Take-Two Interactive Software, Inc. is an American video game holding company, founded in 1993 and headquartered in New York City. The company’s portfolio consists of games like Grand Theft Auto, Mafia, NBA 2K, etc. According to reports, Take-Two has announced plans to lay off 579 employees, which amounts to 5% of its workforce, as a…
Linux Foundation Welcomes Open Platform for Enterprise AI
The Linux Foundation AI & Data announced the Open Platform for Enterprise AI (OPEA) as its latest Sandbox Project, alongside Intel, Cloudera, Domino, VMware, etc., to foster the development of open, multi-provider, and composable generative AI systems. This will accelerate secure, cost-effective generative AI deployments for businesses by driving interoperability across a diverse ecosystem, starting…
Microsoft: $1.5 Billion G42 Investment
Group 42 Holding Ltd, also known as G42, is an Emirati artificial intelligence (AI) development holding company headquartered in Abu Dhabi. It was founded in 2018 and specializes in artificial intelligence, cloud computing, healthcare, cybersecurity, oil and gas, aviation, and smart city initiatives. According to reports, Microsoft announced that it will invest $1.5 billion USD…
EY to Layoff 148
Ernst & Young Global Ltd, one of the world’s largest professional service networks, has announced plans to lay off 148 employees in its Oceania operations as a result of leaked sensitive proprietary documents by PwC, as well as a downturn in demand for consulting. The layoffs affect jobs mostly in the consulting and financial service…