China’s BYD Targets Nearly Half of Sales from Overseas Markets
BYD Co, China’s leading automaker, is positioning itself to have nearly half of its future sales coming from international markets. This strategy highlights the company’s intent to establish global production…
Cybersecurity Experts Reveal Chinese Hackers Breached Internet Companies
A Chinese hacking group has exploited a previously unknown software bug to compromise several internet companies in the U.S. and internationally, according to cybersecurity firm Lumen Technologies. The hackers targeted…
Cerebras Introduces Affordable AI Solution to Rival Nvidia
Cerebras Systems has launched a new tool for AI developers that utilizes its large-scale chips to run applications, presenting a cost-effective alternative to industry leader Nvidia’s processors. The California-based startup’s…
PlayStation 5 Price Hike Announced by Sony in Japan
Sony has announced a 19% price increase for its PlayStation 5 console in Japan, citing challenges related to the global economic environment. Starting September 2, the PS5 will retail at…
Mexico Becomes Hotspot for Chinese Cars Sparking U.S. Fears
Chinese electric vehicle (EV) makers have found a burgeoning market in Mexico, turning the country into a key destination for their high-tech cars amid U.S. trade restrictions. This shift has…
Samsung SDI, GM Agree on $3.5 Billion EV Battery Facility in US
Samsung SDI, a South Korean battery maker, has finalized an agreement with General Motors (GM) to build a joint electric vehicle (EV) battery factory in Indiana, USA. The two companies…
All Eyes on Nvidia as Critical Earnings Report Approaches
Nvidia, the leading chipmaker, has become a critical focus in the tech industry, labeled by some as the world’s “most important stock.” This heightened attention is largely due to its…
Huawei’s Autonomous Driving System to Power BYD’s New Off-Road Electric SUVs
Chinese electric vehicle manufacturer BYD has reached an agreement with Huawei to incorporate Huawei’s advanced autonomous driving technology into its off-road Fangchengbao electric vehicle lineup. According to a statement from…
India’s AI Startups Introduce Affordable Voice Bots Nationwide
Executives from Alphabet Inc.’s Google DeepMind, Microsoft Corp, and Meta Platforms Inc recently gathered in Bangalore with tech founders to witness Sarvam AI, one of India’s leading AI startups, introduce…
Chinese Electric Vehicles Face 100% Tariff in Canada
Canada announced it will impose a 100% tariff on Chinese electric vehicles (EVs), starting October 1, aligning with similar moves by the United States and European Union. This measure will…
Nvidia Partner Introduces Technology to Halve Data Center Energy Use
Nvidia partner Sustainable Metal Cloud (SMC) claims its innovative cooling technology can cut data center energy usage by up to 50% as the artificial intelligence (AI) boom drives demand for…
Swiggy Plans $15 Billion Valuation with Major IPO Move
Swiggy, a prominent Indian food delivery company backed by SoftBank, is planning to pursue a valuation of approximately $15 billion for its upcoming initial public offering (IPO), aiming to raise…
European Union Cuts Tariffs on China-Made Tesla EVs and Other Chinese Vehicles
The European Union announced on Tuesday that it would significantly reduce the planned tariffs on electric vehicles imported from China, offering a notable decrease for Tesla’s China-made EVs. Initially set…
China Mobile Backs Honor with Strategic Investment
Chinese smartphone maker Honor has announced an investment from China Mobile’s parent company as it prepares for an initial public offering (IPO). The investment amount remains undisclosed. Formerly a unit…
Beijing Robot Conference Showcases Humanoid Competition for Tesla’s Optimus
Tesla’s Optimus robot faced strong competition at the World Robot Conference in Beijing, where Chinese companies showcased their latest advancements in humanoid robotics. While Tesla’s Optimus remained motionless inside a…
Unitree’s Humanoid Robots Now Available for Industry Use
The competition in the humanoid robotics industry is intensifying, with China’s Unitree making significant strides by mass-marketing its humanoid robots at relatively affordable prices. This development sets the stage for…
AI Drives Baidu’s Strategy as Ad Revenue Drops
Baidu has emphasized its leadership in artificial intelligence (AI) as a strategic advantage in navigating an increasingly competitive market, despite a slight decline in quarterly revenue. This statement comes during…
China Tests Cargo Drone with Record-Breaking Payload Capacity
China marked a significant development in aviation technology with the successful test flight of an unmanned civilian drone capable of carrying up to 3.2 metric tons of cargo. The SA750U,…
Infineon Settles Qimonda Legal Dispute for $837 Million
Infineon Technologies AG, a German chipmaker, has agreed to pay 753.5 million euros ($837.21 million) to settle a long-standing legal dispute with Qimonda AG’s insolvency administrator. This settlement concludes a…
Lip-Bu Tan Steps Down from Intel Board Amid Strategic Challenges
Intel has announced the resignation of Lip-Bu Tan, a seasoned veteran of the semiconductor industry, from its board of directors. Tan, who joined Intel’s board in September 2022 to assist…