Brief news Boeing has announced an all-stock deal to acquire Spirit AeroSystems, a struggling fuselage builder, to improve safety and quality control. The acquisition is […]
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Bitcoin windfall for Mt. Gox creditors after decade-long wait and 10,000% price surge
Brief news Mt. Gox, the Japanese bitcoin exchange that went bankrupt following a data breach a decade ago, is now repaying creditors who are being […]
SoftBank shares soar on $1.86 billion debt issuance as CEO praises ‘super’ AI
Brief news SoftBank Issues Bonds to Reduce Debt and Focus on AI Investments • SoftBank plans to issue bonds in euros and dollars to reduce […]
Chinese smartphone maker Honour calls AI ‘worthless’ without data privacy
Brief news Chinese smartphone company Honour CEO George Zhao has emphasized the importance of protecting user data to fully harness the potential of artificial intelligence. […]
China’s EV architect recommends investing in Europe
Brief news China’s electric car strategy leader, Wan Gang, has suggested that Chinese investment in the European electric vehicle industry could help both sides overcome […]
The EU charges Microsoft with antitrust violations for team bundling
Brief news The European Union has charged Microsoft with violating antitrust laws by packaging its Teams video conferencing and collaboration software with other productivity tools, […]
Cisco is “very hopeful” about growing its business with China EVs
Brief news Cisco’s Greater China CEO, Ming Wong, expressed optimism about expanding business with Chinese electric car businesses as they expand internationally. Chinese EV companies […]
Amazon reports that July 16 and 17 will be Prime Day
Brief news Amazon’s Prime Day event returns on July 16 and 17, featuring a variety of deals and exclusive deals for Prime subscribers. The event, […]
Tesla recalls thousands Cybertrucks for windscreen wiper, trim concerns.
• Tesla issued a recall for 4,000 Cybertrucks in April 2023 due to potential accelerator pedal pad looseness. • The U.S. National Highway Traffic Safety […]
Nvidia falls 13% in three days after temporarily being most valuable
In brief Nvidia shares plummeted 6.7% on Monday, their third straight loss, and are down 13% from last week’s top. Due to the AI surge, […]