LG Energy Solution Lowers Earnings Forecast Amid Sluggish EV Demand; Shares Plummet
South Korean battery manufacturer LG Energy Solution (LGES) has issued a warning about a revenue decline for this year, projecting a drop of over 20%. The company attributes this decline…
Telegram Surpasses 950 Million Users, Announces Plans for New App Store Launch
Messaging app Telegram has reached 950 million active users, with the company’s founder Pavel Durov announcing plans to surpass the 1 billion mark by the end of this year. Durov…
Baidu’s Robotaxi Vision Faces Scrutiny Despite Recent Stock Surge
China’s rapid adoption of autonomous driving technology is not generating the expected optimism for Baidu Inc., as analysts struggle to identify a new growth catalyst for the company. Baidu’s shares,…
DeepL Expands AI Translation Services with Traditional Chinese Launch in Asia
German artificial intelligence translation startup DeepL has launched traditional Chinese as a language option, aiming to expand its footprint in Asia. DeepL, valued at $2 billion, focuses on providing translation…
Elon Musk Halts Tesla’s Mexico Factory Plans in Response to Trump’s Tariff Threats
Tesla CEO Elon Musk announced on Tuesday that the company is putting its plans to build a new gigafactory in Mexico on hold. The decision comes in response to former…
Waymo-Zeekr Launches Robotaxi Service in San Francisco
Waymo has started testing a new robotaxi model on the public roads of San Francisco, developed in partnership with Chinese electric vehicle manufacturer Zeekr. Currently, Waymo has a small fleet…
Foxconn Commits $138 Million to Establish New Business Headquarters in China
Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, announced on Wednesday its plans to invest 1 billion yuan ($137.5 million) to construct a new business…
Nvidia Approves Samsung’s HBM3 Chips for China-Market Processors
Samsung Electronics’ fourth-generation high bandwidth memory (HBM3) chips have been approved by Nvidia for use in its processors for the first time, according to three individuals familiar with the situation.…
Samsung Electronics and Union Talks End in Stalemate
Samsung Electronics and representatives of its largest workers’ union in South Korea, currently on strike, met on Tuesday, but the talks ended without results, according to the union. Ongoing Strike…
Cohere Secures $500M Funding to Challenge Leading Generative AI Competitors
Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million from investors including Cisco, AMD, and Fujitsu. The new funding round also saw participation from Canadian pension…
SoftBank CEO Unveils Revolutionary Vision for Self-Driving Cars
Masayoshi Son, the visionary leader of SoftBank, is setting his sights on a new frontier: self-driving cars. Known for his bold investments and transformative ideas, Son is now working on…
Seoul Court Issues Arrest Warrant for Kakao Founder
A Seoul court has issued an arrest warrant for Brian Kim, the founder of South Korean internet giant Kakao, on allegations of stock price manipulation related to the company’s takeover…
Hong Kong Innovator John Fan Set to Transform AI Smart Glasses Industry
John Fan Chin-Chiang, a notable figure in the development of mini displays for the US military, is now shifting his focus to smart glasses. His Hong Kong-based company, Solos Technology,…
Chinese Team Leverages Quantum Technology to Track Electrons in Superconductors
A team of Chinese researchers has developed a quantum computer capable of simulating the movement of electrons in solid-state materials. This achievement could pave the way for applications that surpass…
Intel Addresses Critical Instability Issues Amid Growing Concerns
Intel has finally provided an update on the instability issues affecting its 13th-gen and 14th-gen CPUs. An update posted by Thomas Hannaford, Intel’s communications manager, attributes the instability to an…
Philippines Begins Phasing Out Offshore Gaming Hubs
The Philippines’ gaming regulator, the Philippine Amusement and Gaming Corp (PAGCOR), announced on Tuesday that it will cancel the licenses of offshore gambling firms. This move is in response to…
Japanese Supermarkets Use AI to Boost Staff Smiles and Speech Tones
Japanese supermarket chain AEON has introduced an artificial intelligence (AI) system to evaluate and standardize employees’ smiles, reigniting discussions about workplace harassment. On July 1, AEON announced it had become…
Next Year’s iPhones to Miss Out on TSMC’s Advanced 2nm Chips
A well-known leaker, known as 手机晶片达人 or “mobile phone chip expert,” has dismissed claims that next year’s iPhones will feature 2nm chips from TSMC. In a post on Weibo, the…
Nvidia Gears Up to Launch Cutting-Edge AI Chip Tailored for China Market
Nvidia is working on a version of its new flagship AI chips for the China market that complies with current U.S. export controls, according to three sources familiar with the…
Malaysia Celebrates Its Second Unicorn: Biotech Giant ALPS Global Holdings Bhd Sets Sights on NASDAQ
Malaysia has marked an achievement as ALPS Global Holding Bhd (ALPS) reaches unicorn status, according to Minister of Science, Technology, and Innovation Chang Lih Kang. This makes ALPS the country’s…