TrendForce predicts a fierce battle between BYD and Tesla for supremacy in electric car sales for the year 2024. According to TrendForce's latest report, global sales of NEVs (New Energy Vehicles), encompassing BEVs (Battery Electric Vehicles), PHEVs (Plug-in Hybrid Electric Vehicles), and FCVs (Fuel Cell Vehicles), are projected to hit 13.03 million units in 2023, representing a growth rate of…
Xiaomi Corporation announced its imminent foray into the electric vehicle (EV) domain, triggering a remarkable surge in its share prices - the most significant intraday rise witnessed in over a year. Anticipation Meets Reality: Xiaomi's Electric Car Debut Having diligently pursued the development of its electric car endeavor, Xiaomi finally unveiled its inaugural electric sedan late last year, boasting impressive…
Elon Musk's Tesla grapples with a 29% stock freefall within a mere 10 weeks, reaching its lowest point since May and triggering a staggering $234 billion slump in market value. This plunge eclipses the net worth of behemoths like McDonald's, Disney, and Nike. Market Turbulence: From $800 Billion to $550 Billion Closing Wednesday at their nadir, Tesla's shares have plummeted…
SpaceX, under the visionary leadership of Elon Musk, has successfully achieved a groundbreaking 17 Mbps download speed from Starlink satellites directly to unmodified Samsung Android phones. Musk took to X Twitter to announce this feat, marking a significant milestone in satellite-based internet connectivity. Peak Speeds and Strategic Collaboration Musk emphasized that the 17 Mbps speed represents the current peak per…
During the Intel Foundry Direct Connect event, a seismic shift in the semiconductor industry unfolded as Intel announced its bold strategy for the future. The tech giant revealed plans to launch the 1nm manufacturing process in 2027, coupled with a staggering $100 billion investment in manufacturing capacity. These pivotal moves mark Intel's commitment to staying at the forefront of innovation…
In a groundbreaking move, social media giant Reddit is charting a new course towards its initial public offering (IPO) on the New York Stock Exchange, as it invites active users, including moderators and those with high karma scores, to partake in its stock offering. The company, symbolized as RDDT, has filed an S-1 statement with the Securities and Exchange Commission…
In a resounding victory for Nvidia, the tech giant reported fiscal fourth-quarter results that surpassed Wall Street expectations, riding the wave of the ongoing artificial intelligence boom. The financial figures revealed a staggering 265% increase in profit and a jaw-dropping 769% surge in net income, signaling a period of unprecedented growth for the semiconductor giant. Booming AI Models Propel Profits…
SoftBank Group's founder, Masayoshi Son, is embarking on an audacious mission to raise $100 billion for a groundbreaking AI chip venture, codenamed Izanagi, challenging Nvidia's supremacy in the artificial intelligence chip market, according to a Bloomberg report. Izanagi's Strategic Partnership with Arm The venture will strategically partner with Arm, the chip design company spun off by SoftBank last year. SoftBank…
Mercedes-Benz has decided to veer away from its ambitious plan to exclusively sell electric cars by 2030. The announcement made on Thursday marks a significant departure from the automaker's optimistic stance just three years ago, signaling a growing sense of skepticism within the global auto industry regarding an all-electric future amidst a recent slowdown in sales growth. A Shift in…
Google's ambitious language model, the tech giant is already making waves with its latest iteration, Gemini 1.5. Positioned as a versatile business tool and personal assistant, Gemini 1.5 Pro boasts a remarkable 87% performance boost over its predecessor, Gemini 1.0 Pro, in tests. Utilizing the innovative "Mixture of Experts" (MoE) technique, the model processes specific requests with a segmented approach,…
