Volkswagen has been a major player in the Chinese automotive market for decades. In 2019, it was the top-selling brand in the country, with a market share of 20%. However, the company has been losing out to local competitors in recent years, and its market share fell to 15% last year. The German vehicle manufacturer…
AMD: $400 Million Investment in India
Advanced Micro Devices Inc (AMD) is an American multinational semiconductor company with a history dating back to 1969 when it was founded by Jerry Sanders. The company’s early days saw them primarily manufacturing memory chips and other essential components for computers, including semiconductors. Their core offerings include microprocessors that drive the computing power of servers,…
Nissan: $663 Million Investment in Ampere
Nissan Motor Co. Ltd is a multinational automobile manufacturer located in Japan. The company boasts of a rich legacy with a portfolio of vehicles sold under the Nissan and Infiniti names. Nissan, Renault, and Mitsubishi have been partners since 1999, when the 3 companies formed a subsidiary of their automaking operations. The alliance has been…
Virgin Media O2 to Lay Off 2,000 Employees
Virgin Media O2 is a telecommunications company formed by the merger of Virgin Media and O2 in 2021. The company is one of the largest mobile network operators in the United Kingdom that provides broadband, TV, and home phone services. Virgin Media O2 announced on July 24 2023 that it would be cutting 2,000 jobs…
TSMC: $2.9 Billion Chip Manufacturing Plant
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a Taiwanese multinational semiconductor manufacturing and design company, they are also the world’s largest chipmaker. The company is investing heavily in AI chips to meet the growing demand for these powerful devices. They have announced plans to invest $2.9 billion in a new factory dedicated to the production…
ChatGPT Launches Android App
ChatGPT is the large language model-based chatbot developed by OpenAI. It launched in November 2022, and quickly became the fastest-growing consumer software application in history. The platform is built on GPT-3.5 and GPT-4 technologies and allows users to refine and steer human-like conversations. It is available in a free tier with GPT-3.5, and a paid…
Apple: $1 Billion Class Action Lawsuit
Apple’s App Store is a digital distribution platform for iOS apps. The store has been criticized by various app developers for its commissions of 15% to 30% on in-app payments. These commissions are seen as being too high. According to CNN, a group of 1,566 app developers, led by Sean Ennis, a professor at the…
Spotify Price Hike
Spotify is one of the largest audio streaming service providers, with over 500 million monthly active users, including 210 million paying subscribers, as of March 2023. The popular streaming service has announced that it will be hiking prices which will take effect on Monday July 24 for new subscribers, and current customers would have 1…
Worldcoin: The Digital Currency
Worldcoin is a new digital currency project that aims to give everyone in the world an equal opportunity to participate in the centralized economy. The project was founded by Sam Altman (of OpenAI), Alex Blania, and Max Novendstern. This platform aims to provide a reliable way to authenticate humans online through a World ID. It…
Amazon: New Satellite Processing Hub
Amazon announced that it would be building a $120 million satellite processing hub in Florida. The hub will be located in Cape Canaveral, Florida, and is expected to be completed in 2024. It will be used to process data from Amazon’s satellites which will aid the provision of broadband internet service, weather forecasting, and traffic…