Huawei Rises Stronger: Profits Surge Amid Business Recovery
Huawei Technologies reported a staggering $97.48 billion in revenue for the fiscal year 2023, marking a remarkable 9.63% year-on-year growth. This impressive surge not only signifies a significant rebound but also positions Huawei on a trajectory of recovery, defying the...
Hyundai’s $50 Billion Gamble: Paving the Road to Electric Dominance
Hyundai has unveiled plans for a monumental $50 billion investment. This colossal sum, equivalent to 68 trillion won, underscores Hyundai’s determination to emerge as one of the top three EV manufacturers by 2030, setting the stage for a paradigm shift in the automotive...
Apple in Talks with Google to Integrate Gemini’s AI Model into iPhone
Apple is reportedly in discussions with Google to incorporate the Gemini artificial intelligence engine into the iPhone, according to Bloomberg’s Mark Gurman. Additionally, Apple has explored a potential partnership with OpenAI, the developer behind ChatGPT.Partnership...
BYD Poised to Challenge Tesla for Electric Vehicle Sales Crown in 2024
TrendForce’s latest report forecasts a milestone in the global electric vehicle market, with NEV sales, including BEVs, PHEVs, and FCVs, expected to hit 13.03 million units in 2023, reflecting a 29.8% growth rate. However, this growth marks a notable slowdown from the...
Intel received $8.5 billion in funding for U.S. manufacturing under the CHIPS Act
Intel Corporation stands to receive a substantial financial injection of up to $8.5 billion from the U.S. government under the CHIPS and Science Act. A tentative agreement struck with the Department of Commerce outlines this monumental investment, aimed at bolstering the...
Microsoft Empowers Users: Introduces GPT-4 Turbo to Copilot Pro Free Version
Microsoft Corporation has elevated the capabilities of its Copilot Pro subscription by integrating the cutting-edge LLM GPT-4 Turbo from OpenAI, empowering users to delve into the realm of chatbot creation with unprecedented efficiency and sophistication.Expansion of Copilot...
Volvo Drives into the Electric Future: Last Diesel Model Rolls Out
Volvo Car AB has bid farewell to diesel engines with the release of its latest diesel-powered vehicle, marking a significant shift in its strategy towards electrification. The Swedish automaker, renowned for its commitment to sustainability, has announced plans to exclusively...
Disappointing Revenue Stats: Mobile App Developers Push for Subscriptions
Mobile app developers are gearing up to intensify their push towards subscription-based models in the coming year, spurred by disappointing revenue statistics from over 30,000 mobile apps analyzed by RevenueCat.Struggling to Break the $1,000 BarrierAccording to reports from...
Telegram has surpassed 900 million users, is aiming for profitability and is valued at $30 billion dollars
Pavel Durov, the founder of Telegram, proudly highlighted the remarkable achievements of the messaging platform. Telegram, already a household name in the social networking realm, has surged in popularity and financial success. According to Durov, the application has evolved...
Tesla’s Market Tumble: A $234 Billion Roller Coaster Ride
Elon Musk’s Tesla witnessed a 29% nosedive in stock value within a mere 10 weeks, reaching its lowest point since May. This plunge translated to a staggering $234 billion drop in market capitalization, plummeting from nearly $800 billion to slightly above $550...