LG Electronics Inc. is a multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a subsidiary of LG Corporation. The subsidiary was founded in 1958 as GoldStar. LG has announced the launch of its first Electric Vehicle charging facility in Texas, USA. The new EV Charging facility spans across 100,000 square feet…
BlackRock: $12.5 Billion GIP Acquisition Deal
BlackRock Inc is a multinational investment company that was founded in 1988, with its headquarters in New York, USA. The company boasts of being the largest asset management firm in the world, with $9.42 trillion USD in assets as of June 2023. With over 70 offices in 30 countries, the company specializes in asset management,…
eBay: $3 million Harassment Fine
eBay Inc is a multinational ecommerce company that was founded in 1995, with its headquarters in California, USA. The company specializes in peer to peer, and retail sales, through an online marketplace that is available in about 190 regions worldwide. eBay utilizes a sealed bid system between sellers and buyers. According to recent reports, eBay…
Duolingo to Layoff 10%
Duolingo is an American educational technology company that produces learning apps and provides language certification. It was launched in 2011, with its headquarters in Pittsburgh, Pennsylvania. The company boasts about 24.2 million active users, 5.8 million paid subscribers, and more than 100 available courses. According to reports, Duolingo has announced that it laid off 10%…
Discord to Layoff 170
Discord is a social platform that offers text, voice and video messaging over the internet. Discord users connect over private chats or in larger groups called servers. In August 2023, Incognito Blog reported an initial layoff that affected about 4% of the company’s workforce. According to recent reports, Discord has announced its plans to lay…
Google to Layoff Hundreds
Google is starting the year by laying off some employees that were focused on some of the company’s promising products. The report, as confirmed by CNN, mentions that hundreds of employees across divisions like Google Assistant, Google Nest, Google Pixel and Fitbit, were affected. Despite multiple affected employees announcing their impacted roles on platforms like…
Samsung & Tesla Partnership
Samsung and Tesla have announced a partnership that will enable both companies offer their customers a seamless technology powered experience. This collaboration will allow Samsung’s SmartThings platform connect to Tesla’s Powerwall, Solar Inverters, and Electric Vehicles, giving users the ability to monitor their energy consumption and storage capacities. According to the report by Samsung, Tesla…
Twitch to Layoff 500
Twitch is a video live streaming service launched in 2011, as a spin-off of Justin.tv, with its headquarters in San Francisco, California. The company is a subsidiary of Amazon that focuses on video game live streaming, broadcasts of electronic sports competitions, creative contents, and real-life streams. Twitch has announced its plans to lay off around…
Volkswagen Introduces ChatGPT to It’s Vehicles
Volkswagen is a motor vehicle manufacturer with its headquarters in Wolfsburg, Germany. Founded in 1937, the German company is known for the popular Volkswagen Beetle, which serves as the flagship brand of the Volkswagen group. Cerence Inc. is an American multinational software company that develops AI assistant technology primarily for automobiles. The company was founded…
OpenAI Launches GPT Store
OpenAI, the parent company of the generative AI chatbot, ChatGPT, has launched a store to house custom built text and image generating applications that are powered by the company’s large language models. The GPT Store was initially announced in 2023 but unforeseen delays held off the launch until this year. According to recent reports, customers…