Jabil Inc. has seen a 27% stock price increase over the past nine months, driven by its strategic expansion into the AI sector. The company has revised its fiscal year 2025 revenue target to $27.9 billion, surpassing initial estimates and Wall Street expectations. AI-related business is expected to generate $7.5 billion for Jabil this year, […]
Microsoft was founded by Bill Gates and Paul Allen, with its first major project, Altair BASIC, launching a tech revolution. IBM’s partnership with Microsoft in 1980 saw the creation of MS-DOS, establishing PCs in homes worldwide. The introduction of Windows in 1985 set the stage for modern desktop environments. The Office suite, starting in 1989, […]
SoundHound AI, Inc. faces a class action lawsuit, accused of misleading investors by overstating financial health and operational success. The lawsuit claims that SoundHound’s public assurances, including strong internal controls and successful acquisitions, were misleading. Investors discovered significant internal issues, particularly concerning inflated goodwill from the Amelia and SYNQ3 acquisitions. This revelation led to investor […]
Pony.ai has received a permit from Luxembourg’s Ministry of Mobility to test Level 4 autonomous vehicles on its roads, marking a significant milestone in autonomous driving technology. The strategic establishment of Pony.ai’s European research hub in Luxembourg underscores its commitment to advancing transportation innovation across Europe. A collaboration between Pony.ai and local transit leader Emile […]
AI PCs are set to transform business operations with unprecedented workplace technology advancements. Equipped with Neural Processing Units (NPUs), AI PCs enable on-device AI workloads, reducing the need for cloud reliance. Benefits include reduced latency, enhanced real-time processing, energy efficiency, and robust privacy protections. The balance between cloud and local computing allows enterprises to leverage […]
The partnership between Intel and TSMC signifies a shift in the semiconductor industry and aims to redefine technology manufacturing at a global scale. Intel experienced significant financial losses, reporting an $18.8 billion net loss in 2024, yet sees potential revitalization through collaboration with TSMC. TSMC is set to acquire a 20% stake in the new […]
Major tech companies like Apple, Nvidia, and TSMC are investing billions in the U.S., highlighting a shift towards domestic expansion despite market volatility. Apple plans to invest $500 billion over four years, creating 20,000 jobs and establishing a new manufacturing facility in the U.S. Oracle and SoftBank’s ‘Stargate’ AI project aims to generate over 100,000 […]
Google introduces Gemini Live, an AI-driven augmented reality feature transforming smartphones into intuitive, real-time guides. Part of Project Astra, this shift integrates AI with real-world experiences, enhancing how users interact with technology. Initially exclusive to flagship devices, Gemini Live aims to be more accessible, available via a $19.99 monthly subscription, Gemini Advanced. Gemini Live gradually […]
Jinlongyu Group is investing CNY1.2 billion (USD160 million) in a solid-state battery production facility in Huizhou, Guangdong. The company has committed CNY150 million (USD20.6 million) to research since 2021, positioning itself for breakthroughs in energy storage technology. Solid-state batteries offer advantages like higher energy density and enhanced safety, despite high production costs. Jinlongyu’s strategic focus […]
Xiaomi, Xpeng, and Leapmotor showcased strong growth in March, each delivering around or over 30,000 electric vehicles. Xiaomi’s delivery milestone of over 29,000 units was shadowed by an accident involving its SU7 model in autopilot mode. Xpeng achieved a 268% year-over-year delivery increase, solidifying its position with the Mona M03 model’s success. Leapmotor expanded its […]