Hyundai, the South Korean automotive giant, has made waves with a bold announcement: a staggering investment of $50 billion (68 trillion won) to solidify its stance as the electric vehicle (EV) market undergoes a seismic shift. With ambitions to secure a spot among the top three EV manufacturers by 2030, Hyundai’s strategic move signifies a...
Huawei Technologies reported a staggering revenue figure of $97.48 billion in 2023, marking the fastest growth in the past four years. This resurgence underscores the Chinese tech giant’s resilience in navigating through tumultuous times, particularly in the aftermath of the 2019 U.S. sanctions. Consumer Segment Revival and New Ventures Fuel Growth A pivotal driver behind...
Volvo Car AB has bid farewell to an era with the launch of its final diesel-powered vehicle, marking a decisive step toward its commitment to producing only electric cars by 2030. The symbolic closure occurred as the latest XC90 sport utility vehicle (SUV) rolled off the assembly line at the company’s plant in Torsland, Sweden,...
According to TrendForce, global sales of NEVs, encompassing BEVs, PHEVs, and FCVs, are set to hit 13.03 million units in 2023, marking a 29.8% growth rate. This growth, though significant, marks a slowdown from the 54.2% surge witnessed in 2022. BEVs constitute the bulk, with 9.11 million units sold at a growth rate of 24%,...
Intel Corporation is set to receive a monumental investment of $8.5 billion under the CHIPS and Science Act, marking the largest allocation under the initiative. This substantial financial boost from the U.S. government is poised to propel Intel’s U.S. manufacturing endeavors to new heights, particularly in the domain of advanced semiconductor production for applications such...
Bloomberg’s Mark Gurman reports that Apple is currently in discussions with Google regarding the integration of the Gemini artificial intelligence engine into the iPhone. This development comes alongside Apple’s exploration of a potential partnership with OpenAI, the developer behind ChatGPT. Partnership Talks Amidst Long-Standing Relationship: Apple and Google’s alliance stretches back years, primarily evident through...
Mobile app developers are expected to push more aggressively for subscription-based usage next year. Figures from RevenueCat, which analyzed more than 30,000 apps, show that most are struggling to reach $1,000 a month in revenue. Subscription Toolkit Development RevenueCat is developing a subscription toolkit for mobile apps, ArsTechnica reported. The company lists Reuters, Buffer, Goodnotes,...
Microsoft Corporation has elevated its Copilot Pro subscription by integrating the cutting-edge LLM GPT-4 Turbo from OpenAI, revolutionizing the landscape of chatbot development and AI assistance. Expanding Access to Copilot Pro Effective immediately, Copilot Pro is accessible in a staggering 222 countries, marking a significant expansion in its global reach. To entice users into exploring...
Xiaomi Corporation unveiled its long-anticipated entry into the electric vehicle (EV) market, triggering a surge in its share prices to unprecedented heights. Anticipation Meets Reality: Xiaomi’s Electric Car Debut Having meticulously developed its electric car over a prolonged period, Xiaomi showcased its inaugural electric sedan in late 2023, boasting cutting-edge features including a panoramic glass...
Pavel Durov, the founder of the popular messaging app Telegram, shared insights into the platform’s remarkable achievements. Telegram, he revealed, has burgeoned into one of the world’s most sought-after social networking applications. Durov disclosed that the app has achieved a staggering 900 million monthly active users, a substantial surge from the 500 million recorded at...
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