Major U.S. Bank Morgan Stanley Axes Dozens of Jobs in Asia Morgan Stanley is laying off dozens of bankers in the Asia region. According to sources on the 17th (local time), Morgan Stanley is laying off at least 50 people in the Asia-Pacific region due to a slump in trading. This layoff represents about 13% of the 400 Wall Street bank employees working in the Asia […]
Google Introduces Privacy Sandbox as Alternative to Third-Party Cookies Following the discontinuation of third-party cookie provision, Google has proposed Privacy Sandbox as an alternative. The goal is to enhance the security and accuracy of information, protect personal information, and increase the efficiency of advertisements. Starting this third quarter, Google announced that it is freely distributing the Privacy Sandbox API as a solution for Target […]
Meta Takes on Google with the Launch of Llama 3 AI Model Meta Platforms, Inc. has unveiled a new version of its powerful Llama AI model to keep pace with similar technologies from companies like Alphabet Inc.’s Google. Meta revealed the upgraded model Llama 3 on the 18th (local time), an improvement on the AI model launched last summer. Meta operates its own in-app AI assistant, Meta […]
Snow Leopards in 3D: LG's Bold Move to Raise Climate Change Awareness In honor of Earth Day on April 22, LG Electronics takes a stand to raise awareness about animals facing extinction due to severe climate change. On the 16th (local time), LG Electronics announced the release of The LG Endangered Species Series on the billboard in Times Square, New York. The video features a dynamic 3D […]
Intel's Bold Claim: We Can Beat TSMC in the Foundry Game Intel CEO Pat Gelsinger has emphasized that Intel is confident in its foundry business competitiveness and is capable of surpassing Samsung Electronics to become the world’s number-one company, overtaking Taiwan’s TSMC. According to the global news platform Semafor on the 18th, Gelsinger said, “TSMC has done an extraordinary job as a foundry, but Intel also […]
SCD Pharm's Ophthalmic Drug Approved by FDA: U.S. Market Entry Imminent Anticipated to Reach 70% of Third-Quarter Operating Profit Goal SamChunDang (SCD) Pharm announced on the 18th that it had received product import approval from the U.S. Food and Drug Administration (FDA) on the evening of the 17th from its U.S. generic ophthalmic drug partner. After signing a supply contract for ophthalmic drugs with its U.S. […]
SK Hynix Pumps Billions into U.S. AI Semiconductor Production SK Hynix’s CEO, Kwak Noh Jung, emphasized the importance of semiconductor cooperation with the U.S. On the 17th (local time), Kwak delivered a keynote speech on the ‘Partnership for Global Success in the AI Era’ theme at the ‘Chips for America: Execution for Global Success’ event in Washington, DC. He explained that the potential of […]
Get Your Hands on a 2024 BMW EV with Up to $7,500 in Rebates According to the American automotive portal Car Direct, BMW’s 2024 battery electric vehicles are receiving rebates from $5,000 to $7,500 in the United States until April. The 2024 BMW i7 Sedan and the iX SUV reportedly receive a purchase incentive of $7,500. The media reported that if customers finance their purchase through BMW Financial Services, […]
Volkswagen and Xiaopeng Unite to Boost China's EV Market Chinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
Billboard's First Official Partnership with K-Pop via Kakao Entertainment Kakao Entertainment has entered into a strategic partnership with Billboard to expand the global influence of K-pop. Kakao Entertainment announced on the 17th that Mike Van, President of Billboard, and Kim Yuna, Publisher and CEO of Billboard Korea, met with Co-CEO Jang Yoon Joong at the Kakao Entertainment office in Jonggak, Jongno-gu, Seoul, to discuss […]
Samsung Workers Stand Up: First Collective Action Takes Place The National Samsung Electronics Labor Union (NSEL) held its first collective action on the afternoon of the 17th in front of the Samsung Electronics DSR Tower in Hwaseong, Gyeonggi Province. The organizers estimated that approximately 2,000 workers attended the event. The NSEL put on a nerve-wracking show with the company over the venue for its […]
Michael Saylor Drops Mysterious Bitcoin Message: What's the Hidden Meaning? [TheGuru=Hong Sung-Il] Michael Saylor, the chairman of MicroStrategy, who has consistently maintained a positive stance on bitcoin, has caught my eye with a meaningful message about bitcoin. "You can't say you don't see what you don't see," he wrote on X (formerly Twitter) on Friday (local time). The chairman is a prominent Bitcoin advocate and has been a consistent investor. Michael Saylor has been a prominent proponent of bitcoin and has continued to invest in the currency. In response, MicroStrategy raised $500 million (about $69.5 billion) in a convertible bond offering on March 13 (local time) to further invest in Bitcoin. As one of the most prominent Bitcoin bulls, Michael Saylor's message has been interpreted in a variety of ways by the Bitcoin community. Michael Saylor has a history of making statements and then not responding to questions about them. His comments have also focused attention on the Bitcoin halving, which is expected to happen this week. Michael Sailer has previously claimed that the halving will increase the price of Bitcoin. Halving is an event that occurs every four years or so where Bitcoin mining rewards are halved, halving the amount of Bitcoin available to the market. Michael Saylor theorizes that this will create buying pressure on spot Bitcoin ETFs, which will drive the price up. Meanwhile, BitcoinSense, which is counting the halving of Bitcoin, predicts that there are about 2 days and 10 hours of average mining time left until the 2024 halving...
SK Group Chairman Delivers on Investment Promise to President Biden Chairman Chey Tae Won of SK Group emphasized that he kept his investment promise with U.S. President Joe Biden by establishing SK Hynix’s advanced packaging facilities. On the 17th, Chey posted on his LinkedIn, “SK Hynix announced on the 3rd that it will build an advanced packaging (post-processing) facility for HBM (High Bandwidth Memory) DRAM, […]
Roblox Launches Automatic Translation Tool for Global Reach Roblox announced on the 16th that it has launched new features such as an “automatic translation tool” and the ability to launch 3D avatar items in the marketplace to enhance the convenience of Korean game developers. Developers can create and publish games in Korean and automatically translate related content into 15 languages supported by Roblox […]
Samsung's New S24 Series Made from Recycled Plastic Equivalent to 1 Million Plastic Bottles Samsung Electronics is committed to more than product development—it continues to develop technologies for people and the planet and innovate for a sustainable journey. Samsung announced on the 16th through its Newsroom that approximately 100 tons of recycled plastic will be used to produce the flagship smartphone Galaxy S24 series this year. This is equivalent […]
Alfa Romeo Bows to Pressure: Changes New SUV's Name to Junior On the 15th (local time), Alfa Romeo, an Italian national car group, recently changed the name of its new car from Milano to Junior. The new vehicle, which was introduced just a week ago, was named Junior due to the protest of the Italian Minister of Economy. This change occurred due to a lawsuit filed […]
Tesla's Shocking Move: 10% of Employees Fired Electrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]
Tech War Intensifies: China to Abandon Foreign CPU Use The Chinese government reportedly instructed domestic telecommunications companies to cease using foreign chips in their network equipment by 2027. The Wall Street Journal (WSJ) reported this on December 12th (local time), citing a knowledgeable source. According to the report, China’s Ministry of Industry and Information Technology ordered the country’s three major state-owned mobile service providers, […]
Elon Musk's xAI Seeks $4 Billion to Rival OpenAI, Values Company at $18 Billion Distributes investment documents, competing with OpenAIValues xAI at $18 billion According to a Bloomberg report on the 12th (local time), Tesla CEO Elon Musk is seeking to raise $4 billion for his AI startup, xAI, to compete with OpenAI, the developer of ChatGPT. According to the report, citing documents Musk sent to investors, xAI plans […]
EV Sales Suge Globally, US Market Sees Significant Growth Bloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]
Major U.S. Bank Morgan Stanley Axes Dozens of Jobs in Asia Morgan Stanley is laying off dozens of bankers in the Asia region. According to sources on the 17th (local time), Morgan Stanley is laying off at least 50 people in the Asia-Pacific region due to a slump in trading. This layoff represents about 13% of the 400 Wall Street bank employees working in the Asia […]
Google Introduces Privacy Sandbox as Alternative to Third-Party Cookies Following the discontinuation of third-party cookie provision, Google has proposed Privacy Sandbox as an alternative. The goal is to enhance the security and accuracy of information, protect personal information, and increase the efficiency of advertisements. Starting this third quarter, Google announced that it is freely distributing the Privacy Sandbox API as a solution for Target […]
Meta Takes on Google with the Launch of Llama 3 AI Model Meta Platforms, Inc. has unveiled a new version of its powerful Llama AI model to keep pace with similar technologies from companies like Alphabet Inc.’s Google. Meta revealed the upgraded model Llama 3 on the 18th (local time), an improvement on the AI model launched last summer. Meta operates its own in-app AI assistant, Meta […]
Snow Leopards in 3D: LG's Bold Move to Raise Climate Change Awareness In honor of Earth Day on April 22, LG Electronics takes a stand to raise awareness about animals facing extinction due to severe climate change. On the 16th (local time), LG Electronics announced the release of The LG Endangered Species Series on the billboard in Times Square, New York. The video features a dynamic 3D […]
Intel's Bold Claim: We Can Beat TSMC in the Foundry Game Intel CEO Pat Gelsinger has emphasized that Intel is confident in its foundry business competitiveness and is capable of surpassing Samsung Electronics to become the world’s number-one company, overtaking Taiwan’s TSMC. According to the global news platform Semafor on the 18th, Gelsinger said, “TSMC has done an extraordinary job as a foundry, but Intel also […]
SCD Pharm's Ophthalmic Drug Approved by FDA: U.S. Market Entry Imminent Anticipated to Reach 70% of Third-Quarter Operating Profit Goal SamChunDang (SCD) Pharm announced on the 18th that it had received product import approval from the U.S. Food and Drug Administration (FDA) on the evening of the 17th from its U.S. generic ophthalmic drug partner. After signing a supply contract for ophthalmic drugs with its U.S. […]
SK Hynix Pumps Billions into U.S. AI Semiconductor Production SK Hynix’s CEO, Kwak Noh Jung, emphasized the importance of semiconductor cooperation with the U.S. On the 17th (local time), Kwak delivered a keynote speech on the ‘Partnership for Global Success in the AI Era’ theme at the ‘Chips for America: Execution for Global Success’ event in Washington, DC. He explained that the potential of […]
Get Your Hands on a 2024 BMW EV with Up to $7,500 in Rebates According to the American automotive portal Car Direct, BMW’s 2024 battery electric vehicles are receiving rebates from $5,000 to $7,500 in the United States until April. The 2024 BMW i7 Sedan and the iX SUV reportedly receive a purchase incentive of $7,500. The media reported that if customers finance their purchase through BMW Financial Services, […]
Volkswagen and Xiaopeng Unite to Boost China's EV Market Chinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
Billboard's First Official Partnership with K-Pop via Kakao Entertainment Kakao Entertainment has entered into a strategic partnership with Billboard to expand the global influence of K-pop. Kakao Entertainment announced on the 17th that Mike Van, President of Billboard, and Kim Yuna, Publisher and CEO of Billboard Korea, met with Co-CEO Jang Yoon Joong at the Kakao Entertainment office in Jonggak, Jongno-gu, Seoul, to discuss […]
Samsung Workers Stand Up: First Collective Action Takes Place The National Samsung Electronics Labor Union (NSEL) held its first collective action on the afternoon of the 17th in front of the Samsung Electronics DSR Tower in Hwaseong, Gyeonggi Province. The organizers estimated that approximately 2,000 workers attended the event. The NSEL put on a nerve-wracking show with the company over the venue for its […]
Michael Saylor Drops Mysterious Bitcoin Message: What's the Hidden Meaning? [TheGuru=Hong Sung-Il] Michael Saylor, the chairman of MicroStrategy, who has consistently maintained a positive stance on bitcoin, has caught my eye with a meaningful message about bitcoin. "You can't say you don't see what you don't see," he wrote on X (formerly Twitter) on Friday (local time). The chairman is a prominent Bitcoin advocate and has been a consistent investor. Michael Saylor has been a prominent proponent of bitcoin and has continued to invest in the currency. In response, MicroStrategy raised $500 million (about $69.5 billion) in a convertible bond offering on March 13 (local time) to further invest in Bitcoin. As one of the most prominent Bitcoin bulls, Michael Saylor's message has been interpreted in a variety of ways by the Bitcoin community. Michael Saylor has a history of making statements and then not responding to questions about them. His comments have also focused attention on the Bitcoin halving, which is expected to happen this week. Michael Sailer has previously claimed that the halving will increase the price of Bitcoin. Halving is an event that occurs every four years or so where Bitcoin mining rewards are halved, halving the amount of Bitcoin available to the market. Michael Saylor theorizes that this will create buying pressure on spot Bitcoin ETFs, which will drive the price up. Meanwhile, BitcoinSense, which is counting the halving of Bitcoin, predicts that there are about 2 days and 10 hours of average mining time left until the 2024 halving...
SK Group Chairman Delivers on Investment Promise to President Biden Chairman Chey Tae Won of SK Group emphasized that he kept his investment promise with U.S. President Joe Biden by establishing SK Hynix’s advanced packaging facilities. On the 17th, Chey posted on his LinkedIn, “SK Hynix announced on the 3rd that it will build an advanced packaging (post-processing) facility for HBM (High Bandwidth Memory) DRAM, […]
Roblox Launches Automatic Translation Tool for Global Reach Roblox announced on the 16th that it has launched new features such as an “automatic translation tool” and the ability to launch 3D avatar items in the marketplace to enhance the convenience of Korean game developers. Developers can create and publish games in Korean and automatically translate related content into 15 languages supported by Roblox […]
Samsung's New S24 Series Made from Recycled Plastic Equivalent to 1 Million Plastic Bottles Samsung Electronics is committed to more than product development—it continues to develop technologies for people and the planet and innovate for a sustainable journey. Samsung announced on the 16th through its Newsroom that approximately 100 tons of recycled plastic will be used to produce the flagship smartphone Galaxy S24 series this year. This is equivalent […]
Alfa Romeo Bows to Pressure: Changes New SUV's Name to Junior On the 15th (local time), Alfa Romeo, an Italian national car group, recently changed the name of its new car from Milano to Junior. The new vehicle, which was introduced just a week ago, was named Junior due to the protest of the Italian Minister of Economy. This change occurred due to a lawsuit filed […]
Tesla's Shocking Move: 10% of Employees Fired Electrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]
Tech War Intensifies: China to Abandon Foreign CPU Use The Chinese government reportedly instructed domestic telecommunications companies to cease using foreign chips in their network equipment by 2027. The Wall Street Journal (WSJ) reported this on December 12th (local time), citing a knowledgeable source. According to the report, China’s Ministry of Industry and Information Technology ordered the country’s three major state-owned mobile service providers, […]
Elon Musk's xAI Seeks $4 Billion to Rival OpenAI, Values Company at $18 Billion Distributes investment documents, competing with OpenAIValues xAI at $18 billion According to a Bloomberg report on the 12th (local time), Tesla CEO Elon Musk is seeking to raise $4 billion for his AI startup, xAI, to compete with OpenAI, the developer of ChatGPT. According to the report, citing documents Musk sent to investors, xAI plans […]
EV Sales Suge Globally, US Market Sees Significant Growth Bloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]
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