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Best Buy Recalls 930,000 Pressure Cookers

Best Buy is a multinational consumer electronics retailer that was founded in 1966 as a stereo vendor named Sound of Music. The company is headquartered in Minnesota, USA, with its business operations spanning across the United States and Canada. The company previously operated in China, Europe, and Mexico, but exited due to different reasons. According…

BP Pulse and Tesla Partnership

BP Pulse, also referred to as chargemaster limited, is a manufacturer and supplier of electric vehicle charging infrastructure. Founded in 2008, the company is headquartered in Milton Keynes, England and boasts of the largest EV charging network in the country. BP Pulse is a subsidiary of BP, a multinational oil and gas exploration company founded…

Google: $2 Billion Anthropic Investment

Anthropic is an artificial intelligence company that specializes in the development of artificial general intelligence (AGI) systems and neural networks, including large language models (LLM). According to recent reports, Google, which is already an investor in Anthropic, will invest an additional $2 billion USD in the company. This new investment deal will enhance the company’s…

Mitsubishi ends Production in China

Mitsubishi Motors Corporation is a multinational automobile manufacturing company founded in 1970. With its headquarters in Tokyo, Japan, the company held the spot of 19th largest automaker in 2011. Nissan supposedly owns about 34% of Mitsubishi. According to a recent announcement by the company’s CEO Takao, production of Mitsubishi vehicles will be terminated in China,…

Automattic: $50 Million texts.com Deal

Automattic Inc is a private software company founded in 2005 with its flagship product as WordPress.com, a web building and self-publishing platform. WordPress.com is not to be confused with WordPress, the later is a standalone web content management system founded in 2003. Automattic is headquartered in California, USA, and is reportedly valued at over $7…

Samsung SDI & Hyundai EV Battery Deal

Samsung SDI Corporation is a battery and electronics hardware manufacturer that specializes in energy solutions and electronic component production. The company is a subsidiary of Samsung Group, with its headquarters in Yongin, South Korea. According to recent reports, Samsung SDI has entered into a partnership with Hyundai Motor Company to aid the supply of electric…

Tesla Welcomes Toyota to EV Superchargers

Toyota Motor Corporation is a Japanese multinational automotive corporation that was incorporated in August 1937. As of December 2020, Toyota was the biggest company in Japan and the 9th largest company by revenue in the world. Producing about 10 million vehicles annually, the company boasts of being one of the largest automobile manufacturers globally. According…

Nvidia and Foxconn AI Factory Deal

Nvidia is a multinational chip manufacturing company, and Foxconn, also referred to as Hon Hai Precision Industry Co. Ltd, is a multinational electronics contract manufacturer founded in 1974, with its headquarters in New Taipei, Taiwan. Foxconn specializes in manufacturing various electronic products including the iPhone, BlackBerry, PlayStation, Kindle, Google Pixel, Microsoft’s Xbox, Sega, and Nokia…

Nokia to Layoff 14,000

Nokia Corporation, commonly referred to as Nokia, is a multinational telecommunication and consumer electronics company with its headquarters in Espoo, Finland. Founded in 1865, the company was the largest worldwide vendor of mobile phones during the year 1998. In late 2000s, Nokia restructured its offerings and partnered with Microsoft, this arrangement led to the sale…

Tesla Welcomes BMW to EV Superchargers

BMW Group has announced that its electric vehicles (EVs) in the United States of America (USA) and Canada will adopt the North American Charging Standard (NACS), and owners of BMW, MINI, and Rolls-Royce EVs will have access to designated Tesla Superchargers, starting in 2025. According to the report, this partnership is in a bid create…