Toyota, the Japanese auto manufacturer has announced that it will be investing $8 billion USD into its new electric vehicle (EV) battery factory located in North Carolina, USA. This investment will help increase the production capacity of the plant and introduce about 30 battery electric models by 2030. The report further mentions that an additional…
Canada bans WeChat from Government Devices
WeChat is a Chinese social media, instant messaging, and mobile payment app developed by Tencent. It is a popular application in China and Southeast Asia, and has been described as the “everything app.” First released in 2011, it became the world’s largest standalone mobile app in 2018 with over 1 billion monthly active users. According…
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…
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…
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…
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…
Stella Terra: The Solar Powered SUV
Stella Terra is a solar powered SUV that was built by a team of students at Eindhoven University of Technology (TUE) in the Netherlands. This green vehicle (both in color and drive-train) boasts of utilizing the sun as its sole source of power, with the ability to complete long distance journeys of up to 1,000…
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…
Rolls-Royce Holdings to Layoff 2,500
Rolls-Royce Holdings plc is a multinational aerospace and energy company that specializes in the manufacture of aircraft engines, and power systems for the aviation industry. Headquartered in London, UK, the company was initially formed in 1904 by Henry Royce and Charles Rolls. As of 2018, the company was the 16th largest defence contractor in the…