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…
Elon Musk Reschedules Tesla Robotaxi Unveiling to October 10
Elon Musk announced a new date for unveiling Tesla’s “robotaxi” prototype, now set for October 10, after delaying the original reveal planned for August 8. Musk indicated that the delay…
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…
Mattel Reveals New Barbie Project Friendship Game
Mattel, in collaboration with Outright Games, has announced the upcoming release of Barbie Project Friendship, an adventure game celebrating the 65th anniversary of Barbie. The game, available from October 25th,…
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…
Boeing and NASA Conclude Ground Tests on Starliner Thruster, Review Data Before Crew Return
Boeing and NASA engineers have completed ground tests on the Starliner Reaction Control System (RCS) thruster. They aimed to figure out what went wrong during the spacecraft’s flight in early…
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…
Reddit Strikes New Deals with Top Sports Leagues
Reddit is enhancing its platform with more sports content through agreements with major leagues, including the National Basketball Association (NBA) and the National Football League (NFL), to attract increased advertising…
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.…
GM’s Cruise Scraps Origin Robotaxi, Faces $583 Million Charge
GM’s self-driving subsidiary, Cruise, has abandoned its plans to build the Origin robotaxi, opting instead for the next-generation Chevrolet Bolt. This decision aims to simplify scaling and address regulatory uncertainties.…
Google Reverses Plan to Eliminate Chrome Cookies
Google has decided to keep third-party cookies in its Chrome browser, changing its previous plan to remove them by early 2025. This decision comes after concerns from advertisers, who rely…
Illustrator and Photoshop Get Boost with Adobe’s Firefly AI Tools
Adobe has introduced new Firefly AI tools for Photoshop and Illustrator on Tuesday, July 23, making it easier for graphic designers to use AI for creating textures and images. These…
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…
Wiz Declines Google’s $23 Billion Offer, Plans for IPO
Wiz has decided to reject a $23 billion acquisition offer from Google, choosing to pursue an initial public offering (IPO) instead. CEO Assaf Rappaport announced this decision to Wiz’s 1200…
Tesla Cybertruck Arrives in Fortnite and Rocket League
Fortnite and Rocket League players will soon have the opportunity to drive the Tesla Cybertruck. Epic Games, the publisher of both titles, announced via social media that the electric truck…
Apple Celebrates 2024 Olympics with New App Features
Apple has updated the Apple Maps app in Paris in preparation for the 2024 Summer Olympics, starting on Friday, July 26. The update includes custom, hand-built 3D landmarks for permanent…
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,…