Tyre manufacturers are under pressure to almost literally reinvent the wheel as regulators focus on tyre pollution, which is expected to rise with the rise of electric vehicles (EVs) and threatens to undercut those vehicles’ green credentials. Tiny particles are abraded and released when tyres make contact with the road. Because of the additional weight…
JioCinema, the streaming platform owned by Indian billionaire Mukesh Ambani, announced premium pricing of 999 Indian rupees ($12) a year, its first step away from a free content model in order to compete with global rivals such as Netflix and Disney in the country. The decision comes just weeks after Reliance’s Viacom18 secured a content…
Panasonic announced on Wednesday that it would commence operations between the April to September timeframe in 2024, later than originally planned, and delay the commercial manufacturing of its 4680 battery cells, championed by Tesla CEO Elon Musk. Panasonic, a Japanese supplier to Tesla, had previously anticipated beginning mass manufacturing for Tesla between April 2023 and…
According to Bolt’s CEO Markus Villig, the Estonian ride-hailing and food delivery firm intends to become profitable in the following year and be prepared for an IPO in 2025. When the firm, an Uber competitor, raised 628 million euros from investors in January of last year, it was valued at almost $8 billion. “We expect…
Only hours after First Republic Bank was saved by JPMorgan Chase, International Monetary Fund Managing Director Kristalina Georgieva stated on Monday that she anticipates more banking sector weaknesses to be revealed. Speaking in Beverly Hills, California at the 2023 Milken Institute Global Conference, Georgieva began by addressing the major issue of the day—the financial crisis…
One of the most listened-to experts in the field of Artificial Intelligence (AI) Geoffrey Hinton, referred to as “The Godfather of AI,” was awarded a Ph.D. in artificial intelligence 45 years ago. Hinton split his time between Google’s Silicon Valley headquarters and Toronto throughout the past ten years. However, he has left the internet behemoth and told The…
Tech investors want to see how much industry leaders are increasing profitability now that they are decreasing costs. But there is one area where they would like to see significant investment: artificial intelligence. This week, Alphabet, Microsoft, Amazon, and Meta reported quarterly results, providing Wall Street with an update on their efforts to improve efficiency…
Elon Musk intends to build a ChatGPT competitor to the popular artificial intelligence platform. Musk revealed his intentions to develop a “third option” in the AI competition between Alphabet Inc.’s Google and DeepMind and Microsoft Corp.-backed OpenAI in an interview with Tucker Carlson on Monday. The CEO of Tesla Inc. and the owner of Twitter…
After a report that the world’s largest online retailer, Amazon.com Inc, was interested in purchasing the theater chain, shares of AMC Entertainment Holdings Inc rose as high as 21% on Tuesday. According to people familiar with the conversations, Jeff Bezos, the creator of Amazon, has sent his investment advisors and senior entertainment executives to investigate…
According to reports quoting information from sources, Elon Musk’s brain implant startup Neuralink has approached one of the largest U.S. neurosurgery clinics as a potential clinical trials partner as it prepares to test its devices on humans if authorities allow it. Since 2016, Neuralink has been developing brain implants in the aim of someday creating a…
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