Billion Electric draws investment from SAS
Taiwan-based Sino-American Silicon Products, a green energy total solution provider, has invested NT$530 million (US$17.3 million) in Billion Electric to become the largest shareholder of the network communication equipment and ICT solutions provider.....»»
AI hardware is like trying to invent the iPod after the iPhone
For some reason which utterly eludes me, 2024 seems to be the year of AI hardware. We’ve had the Humane AI Pin, the Rabbit R1, and even former Apple design chief Jony Ive reportedly seeking a billion-dollar bet for his own attempt. Reviews of Hu.....»»
Island raises $175 million at $3 billion valuation
Island announced its $175 million Series D financing. The new funding round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. The round was led by new investor Coatue and existing investor Sequoia Capit.....»»
Elon Musk dismisses 2 Tesla senior executives, and their staffs, in fresh job cuts, report says
Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, are said to will leave the company immediately......»»
Bernstein says buy Apple while stock price is low
Investment firm Bernstein is recommending clients buy Apple stock, and expects issues such as declining Chinese demand for the iPhone to be cyclical, especially with an AI iPhone.Apple is dealing with regulatory pressures and other unknownsBernstein'.....»»
Triangulation fraud: The costly scam hitting online retailers
In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among m.....»»
Whale encounters in Mexico highlight need for global humpback research investment
Australia's East Coast will soon see the arrival of thousands of humpback whales on their northward migration to warmer waters......»»
Apple"s earnings will be flat ahead of AI-enabled iPhone
Investment analyst firm TD Cowen is predicting that Apple's next earnings call will show little growth, but says forthcoming AI features could prove significant.iPhone 15 Pro rangeAnalysts such as JP Morgan in March 2024, and Morgan Stanley in Novemb.....»»
BMW to invest another $2.76 billion in China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
Message-scraping, user-tracking service Spy Pet shut down by Discord
Bot-driven service was also connected to targeted harassment site Kiwi Farms. Enlarge (credit: Discord) Spy Pet, a service that sold access to a rich database of allegedly more than 3 billion Discord messages and details.....»»
BMW to invest a further $2.76 billion in key market China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
The Tesla Model Y is at its lowest price yet — but should you buy one?
The Tesla Model Y was already one of the cheapest electric cars in its class, but it's now getting even cheaper. Should you buy one?.....»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
Recovering phosphorus from sewage sludge ash to address problem of diminishing supplies of phosphorus ores
Valuable supplies of phosphorus could be recovered from sewage sludge ash, which remains after the sludge has been burned for electric power generation. The method has been developed by chemical engineers Yuuki Mochizuki and Naoto Tsubouchi at Hokkai.....»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
The FCC Votes to Reinstate Net Neutrality Protections
Service providers argue that the regulations stifle innovation and investment. The post The FCC Votes to Reinstate Net Neutrality Protections appeared first on Phandroid. In what is officially the latest development following a long back-a.....»»
Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana
This is a different new 3-row EV from the one Toyota will build in Kentucky. Enlarge / This Toyota factory in Indiana is getting a $1.4 billion investment so it can assemble a new three-row electric SUV for the automaker. (credit.....»»
Honda to spend $11 billion on four EV factories in North America
The new facilities are in addition to the previously announced EV hub in Ohio. Enlarge / Honda is investing CAD$15 billion (US $11 billion) to expand EV manufacturing in North America with four sites in Ontario, Canada. (credit:.....»»
The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup
A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this decade to 2040......»»
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026......»»
Honda unveils $11B investment for EV assembly, battery output in Canada
The company’s leadership was joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement......»»