A shift to an electric vehicle (EV)-only future could lead to significant job losses among workers involved in engine-related technologies, a concern highlighted by Toyota Motor’s chairman, Akio Toyoda, on Thursday. With approximately 5.5 million people engaged in the automotive industry in Japan, many have dedicated their careers to traditional engine work, raising questions about…
Venture capital (VC) investors in the United States are navigating a complex landscape of economic uncertainty and changing market dynamics, as highlighted in a recent PitchBook-NVCA report released on Thursday. While the public markets have seen a rally, the venture capital industry faces significant challenges that have led to a cautious approach toward dealmaking. The…
The rivalry between Apple and Samsung is set to intensify as both tech giants expand their focus on health-driven wearable technology, with Apple rumoured to launch a connected ring by 2026. According to a report by CCS Insight, Apple’s potential entry into the smart ring market would put it in direct competition with Samsung, which…
As artificial intelligence (AI) continues to revolutionize content creation, Adobe has announced a new initiative that could significantly impact the industry. Starting next year, Adobe will offer a free web-based app aimed at helping creators of images and videos protect their work from being misused in AI systems. The app will enable creators to attach…
A recent survey reveals that gun violence in the United States significantly shapes perceptions among travelers from Southeast Asia. Over 90% of respondents indicated that the prevalence of guns influences their decision to visit the U.S. The survey, commissioned by CNBC Travel and conducted by Milieu Insight, encompassed 6,000 international travelers from six Southeast Asian…
In recent years, the convenience of online shopping has become a staple of modern consumer culture, allowing customers to easily browse and purchase items from the comfort of their homes. However, the surge in online purchases has also led to a corresponding increase in product returns, raising significant questions about sustainability and consumer behavior. The…
The European Medicines Agency (EMA) announced on Friday that it is reviewing anti-hair loss medications, including Organon’s Propecia and its generic counterparts, due to concerns about the risk of suicidal thoughts associated with these drugs. This significant development could have far-reaching implications for patients, healthcare providers, and the pharmaceutical industry. The review centers on oral…
Global bank messaging network SWIFT is set to trial live transactions of tokenised assets and digital currencies in 2025, marking a significant development in the slow integration of such assets into the broader financial ecosystem. This initiative is pivotal as it could reshape various aspects of the global financial sector, from trading efficiency to regulatory…
Investors’ enthusiasm for artificial intelligence (AI) remains strong, as shown by the staggering $18.9 billion raised by AI-related startups in the third quarter of 2023, according to data from Crunchbase. While this figure represents a 19% drop from the record-breaking $23.4 billion raised in Q2, it is still a notable 30% increase compared to Q3…
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, posted its highest-ever third-quarter revenue, largely driven by a surge in demand for artificial intelligence (AI) servers. The company, best known as the primary assembler of Apple’s iPhones, exceeded market expectations with a significant 20.2% year-on-year increase in revenue, reaching T$1.85 trillion ($57.3 billion). In a statement…
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