Germany is Betting Big on Chips with a €2 Billion Subsidy Plan
Germany has announced plans to invest around €2 billion into its semiconductor industry. This funding aims to develop advanced chip production capabilities and strengthen the European semiconductor ecosystem, according to…
ByteDance Sues Former Intern for $1.1 Million Over AI Breach
ByteDance, the Chinese tech giant and parent company of TikTok, has filed a lawsuit against a former intern, seeking $1.1 million in damages over claims of deliberate sabotage to its…
OpenAI Moves to Protect IP for o1 Reasoning Model
OpenAI is making strides to secure the intellectual property of its innovative AI model, o1. The company recently filed a trademark application for “OpenAI o1” with the U.S. Patent and…
Meituan Surprises with Strong Third-Quarter Revenue Growth
Chinese food delivery giant Meituan outpaced market expectations with a robust 22.4% year-on-year increase in third-quarter revenue, reporting 93.58 billion yuan ($12.94 billion). The results, disclosed on Friday, showcase Meituan’s…
Google Sues Former Engineer Over Leaked Pixel Chip Secrets
Google has filed a lawsuit against Harshit Roy, a former engineer, accusing him of leaking confidential details about its Pixel chip designs. The case, filed in the U.S. District Court…
Temasek-Backed SeaTown and Lim Join Forces to Create Skyform
SeaTown Holdings International, an Asia-focused alternative investment firm, has partnered with Singaporean tech investor Lim Yuan En to establish Skyform, a new enterprise technology services company. Announced Wednesday, the venture…
Kodak Pauses Film Production for Factory Upgrades in Rochester
Eastman Kodak has halted film production temporarily as part of a plan to modernize its Rochester, New York factory. Announced during the company’s Q3 2024 earnings call on November 13th,…
Fans Split Over Coca-Cola’s AI Holiday Commercial
Coca-Cola has released its annual holiday commercial, blending nostalgia with cutting-edge AI technology to recreate the charm of its iconic 1995 “Holidays Are Coming” ad. The campaign features three distinct…
Shuhei Yoshida Steps Away from PlayStation After 30 Years
Shuhei Yoshida, a prominent figure in PlayStation’s history, has announced he will leave Sony Interactive Entertainment on January 15, 2025, marking the end of a career spanning three decades with…
Australia Passes Law Banning Social Media for Kids Under 16
AAustralia has approved one of the world’s strictest social media laws, banning children under 16 from accessing platforms like Instagram, TikTok, and YouTube. The legislation, passed with a 34–19 vote…
China Sees Steep Decline in Foreign Smartphone Sales
Sales of foreign-branded smartphones in China, including Apple’s iPhones, fell sharply by 44.25% year-on-year in October, according to the China Academy of Information and Communications Technology (CAICT). The data, released…
Foxconn Highlights Global Reach as Advantage Against Trump Tariffs
Foxconn, the world’s largest contract electronics manufacturer, stated on Wednesday that its expansive global footprint positions it to weather potential tariffs proposed by U.S. President-elect Donald Trump better than its…
Microsoft Faces FTC Investigation Over Antitrust Concerns
Microsoft is under investigation by the Federal Trade Commission (FTC) in an expansive antitrust probe, marking it as the fifth major technology company to come under such scrutiny in recent…
China’s Hesai Group Eyes Affordable Lidar for Budget EVs
China’s Hesai Group, the world’s largest lidar sensor manufacturer for autonomous driving, plans to halve the price of its flagship product next year. This ambitious move aims to accelerate the…
Intel Faces Ownership Restrictions Tied to $7.86 Billion Subsidy Deal
Intel has revealed that its $7.86 billion subsidy deal from the U.S. government imposes limits on the company’s ability to sell stakes in its chip manufacturing subsidiary, should the unit…
Declining EV Sales Push Porsche to Stick with Gas Engines
Porsche, long celebrated for its high-performance vehicles, is slowing its shift to an all-electric lineup. The automaker will continue producing internal combustion engine (ICE) vehicles for longer than anticipated, as…
London Tackles Reckless E-Bike Parking
Transport for London (TfL) is cracking down on e-bike parking issues, introducing measures to ensure compliance from operators like Lime and Forest, which oversee over 40,000 e-bikes citywide. While London’s…
Samsung Electronics Appoints New Heads for Memory and Foundry Chip Units
Samsung Electronics has revamped its semiconductor leadership, naming new heads for its memory and foundry chip divisions as it seeks to regain footing in the fiercely competitive AI chip market.…
Threads Prepares to Roll Out Feature Inspired by Bluesky’s Starter Packs
Meta’s Threads is developing a feature that takes cues from Bluesky’s Starter Packs, a widely popular tool for helping new users find people to follow. This development, first reported by…
South Korea Invests in Semiconductor Growth with $10 Billion Loan Plan
South Korea will provide 14 trillion won ($10 billion) in low-interest loans next year to support its chip industry, according to the finance ministry. This initiative, designed to counter growing…