Sony establishes a PlayStation mobile gaming division as part of a major thrust further than consoles

In a major push to diversify beyond consoles, Sony established a dedicated PlayStation mobile gaming unit. On Monday, Sony announced the launch of PlayStation Studios Mobile Division, which will operate independently of the console business. Sony also announced on Monday that it had acquired Savage Game Studios, a mobile game developer based in Helsinki and…

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According To The UN, The Global Food Crisis Is Really About Affordability, Not Availability

As Russia’s war in Ukraine drags on, food prices stay persistently high, aggravating pressures from supply chain disruptions and climate change. According to Arif Husain, chief economist at the United Nations World Food Programme, the war has “put a lot of fuel on an already burning fire.” Ukraine is a significant producer of commodities like…

Using An Upgrade, Cryptocurrency Ethereum Intends To Reduce Carbon Emissions By 99% 

The foundation that controls Ethereum, the second largest cryptocurrency, has confirmed that it will complete a plan to reduce its carbon emissions by more than 99% in the next month. The “merge” project will see Ethereum switch the underlying technology it uses to validate crypto transactions to a new process that requires less energy to…

Honda Motor and LG Energy will construct an EV battery plant in the United States

Honda Motor Co of Japan and LG Energy Solution Ltd of Korea announced on Monday that they will establish a new lithium-ion battery plant for electric vehicles in the United States. Battery manufacturers are looking to expand production in the United States, where a shift toward electric vehicles (EV) is likely as the country implements…

Worst Quarter On Record For Chinese Tech Giants Due To Country’s Zero-Covid Policy

Chinese technology behemoths are coming off their worst quarter of growth in history, as the world’s second-largest economy slows, exacerbated by Beijing’s strict Covid policy. Alibaba reported its first ever flat year-on-year quarterly revenue growth in the second quarter of the year, while social media and gaming company Tencent reported its first sales decline on…

Amazon Is Providing EV Maker Rivian A Competitive Advantage In The Industry

Rivian Automotive is an electric vehicle manufacturer that is following in Tesla’s footsteps, but with a unique twist. Rivian, which was founded in 2009, focuses on upmarket electric trucks and SUVs with a focus on outdoor adventure. Rivian’s first vehicle, the R1T electric truck, was released at the end of last year. It has been…