Nio secures $1.9 billion injection from parent, shareholders
A cash burn has triggered analysts’ concerns, and Nio, which has never been profitable, reported a 4.5 billion yuan second-quarter loss, though sales surged to 17.5 billion yuan......»»
Research finds 1.1 billion people in multidimensional poverty, with nearly a half-billion in conflict settings
New research from the United Nations Development Program (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) has found that poverty rates in conflict-affected nations are almost three times higher than in countries free from conflic.....»»
LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share-price bloodbath
LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share-price bloodbath.....»»
Despite massive security spending, 44% of CISOs fail to detect breaches
Despite global information security spending projected to reach $215 billion in 2024, 44% of CISOs surveyed reported they were unable to detect a data breach in the last 12 months using existing security tools, according to Gigamon. Blind spots under.....»»
EV-maker Lucid expects to raise $1.67 billion from stock sale
EV-maker Lucid expects to raise $1.67 billion from a combined public offering and private placement of roughly 637 million shares......»»
Argentina"s trade surplus nears $16 billion under Milei: Reuters poll
Argentina"s trade surplus nears $16 billion under Milei: Reuters poll.....»»
Trump claims Tim Cook called him about EU fining Apple $17 billion
Tim Cook’s job as CEO covers a number of roles and responsibilities. One of them involves maintaining relationships with political powers. And according to Donald Trump, he and Cook recently had a conversation about the EU’s recent rulings agains.....»»
Warren Buffett Sent Wall Street a $93 Billion Warning. History Says the Stock Market Will Do This Next
Warren Buffett Sent Wall Street a $93 Billion Warning. History Says the Stock Market Will Do This Next.....»»
Daily 5 report for Oct. 15: Stellantis-backed startup invests $1 billion in Nevada battery plant
Lyten chose Reno because of its battery ecosystem and its dry climate......»»
Stellantis-backed Lyten to invest over $1 billion in Nevada lithium-sulfur battery factory
U.S. startup Lyten is investing more than $1 billion in a Reno, Nevada lithium sulfur battery factory......»»
TSMC to Focus on AI Chips as it Expands European Operations
Earlier on, TSMC pledged more than $65 billion towards the creation of three plants in Arizona. The post TSMC to Focus on AI Chips as it Expands European Operations appeared first on Phandroid. With more and more software companies and man.....»»
The Internet Archive and its 916 billion saved web pages are back online
Wayback Machine back in read-only mode after DDoS, may need further maintenance. The Internet Archive has brought its Wayback Machine back online "in a provisional, read-only mann.....»»
Atmospheric oxidation and the creation of modern Mars
Like Earth, Mars was formed about 4.5 billion years ago, but its early surface was very different than today's. Mars' surface then had high rates of meteorite and asteroid impacts from the period known as the Late Heavy Bombardment. But whereas today.....»»
CISSP and CompTIA Security+ lead as most desired security credentials
33.9% of tech professionals report a shortage of AI security skills, particularly around emerging vulnerabilities like prompt injection, according to O’Reilly. This highlights the need for specialized training as AI adoption continues to accelerate.....»»
Astronomers find Webb data conflict with reionization models
Reionization is a critical period when the first stars and galaxies changed the physical structure of their surroundings, and eventually the entire universe. Established theories state that this epoch ended around 1 billion years after the Big Bang......»»
Stellantis troubles pile up amid criticism from dealers, UAW, shareholders
Sales and earnings are down as the company wages a global cost-cutting crusade that has included layoffs, buyouts and engineering hires in low-cost countries......»»
Meta Expands its AI Reach to More Countries
AI everywhere. The post Meta Expands its AI Reach to More Countries appeared first on Phandroid. Facebook parent company Meta recently announced that Meta AI will arrive for more countries starting today – users in Brazil, Bolivia, G.....»»
I think my child might need a tutor. What do I need to consider first?
School tutoring is a huge business. Australian estimates suggest it was worth more than of A$1.5 billion as of 2021......»»
Lusatia"s transformation from coal is falling short on environmental sustainability, German study finds
A total of 10.3 billion euros of federal funding and several hundred million euros of state funding have been allocated to support the structural transformation of the Lusatian coal district in Brandenburg, Germany. But are the projects targeted by t.....»»
Chery weighs Hong Kong IPO for $7 billion auto arm
Chery Auto is one of China’s biggest car exporters and one of only a few not listed. It is a key asset of Chery Group, which also provides financial and real estate services......»»
Damage and insurance losses from Hurricane Helene could cost billions
Insurance losses are expected to reach roughly $6.4 billion, and insurance providers may reevaluate how they price policies and what types of coverage they offer......»»