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BUSINESS

  • Tesla Pulls the Plug on Cheapest Cybertruck: From $40K Dreams to $100K Reality Tesla announced on its website that it would no longer accept orders for the $61,000 base model of the Cybertruck.
  • Samsung Reaches $400 Million Settlement After Texas Winter Storm Damages Samsung Electronics has successfully settled a lawsuit with an American insurance company for $400 million.
  • Airbnb's Q3 Outlook Dims: Is the Travel Boom Over? Airbnb has revised its third-quarter revenue forecast downward, leading to a nearly 13% drop in its stock price yesterday.
  • Hyundai and Kia Theft Rates Plunge 64% After New Software Rollout The rate of theft involving Hyundai and Kia vehicles in the U.S. has dropped by over 50%, thanks to proactive software upgrades.
  • Hyundai Motor Group Sets Record by Winning 17 Awards at Newsweek Auto Awards Hyundai Motor Group won 17 awards at the 2024 Newsweek Auto Awards in the U.S., including 6 for Hyundai, 8 for Kia, and 3 for Genesis.
  • Tesla's Latest Recall Hits China: 1.6 Million Vehicles Affected by Hood Opening Defect Tesla is conducting a large-scale recall in China. The issue involves the vehicle hood opening unexpectedly.
  • China's Sneaky $100 Million Nvidia Chip Deal: How Are They Getting Away With It? The online media outlet GigaGen reported that over $100 million worth of Nvidia chips have been exported to China.
  • Musk Claims OpenAI Misled Him: Lawsuit Unveils Shocking Allegations Tesla CEO Elon Musk filed the lawsuit against OpenAI and its CEO, Sam Altman. Musk alleges that Altman and Brockman misled him.
  • Is Your Self-Driving Car Safe? Biden Cracks Down on Chinese Tech Biden administration is set to ban the use of Chinese software in autonomous vehicles classified as Level 3 or higher.
  • Tesla Cybertruck’s First Fatal Crash: Driver Dies as Vehicle Burns in Texas Recently, an estimated 15,000 to 20,000 Cybertrucks were operated on the roads, and crash reports started to surface.
  • Nvidia CEO Jensen Huang Cashes Out $322 Million Before Market Crash Nvidia CEO Jensen Huang sold shares worth $322.7 million in July, marking the largest sale ahead of the market downturn.
  • Google’s Court Loss Could Shake Up Apple’s $20 Billion Revenue Stream—Here’s How In an antitrust case, Google suffered a setback in a district court in Columbia that severely impacted its search and advertising business.
  • U.S. Targets Chinese Tech: New Rules Could Ban Chinese Software from Self-Driving Cars The United States government is poised to implement a ban on Chinese software in autonomous and connected vehicles.
  • Elon Musk's Neuralink Hits Milestone: Second Patient Gets Brain Chip Elon Musk announced that Neuralink successfully implanted its own developed computer chip into the brain of a second patient.
  • TikTok Announces AI System Automatically Deletes 77% of Harmful Content, Enhancing User Safety TikTok is actively working to improve user safety by using artificial intelligence (AI) to filter harmful content.
  • Is a Recession Looming? U.S. Stocks Plunge, Global Markets Follow South Korea's Ministry of Economy and Finance held an emergency joint meeting with related agencies today to review financial market trends.
  • Buffett's Big Apple Sell-Off: Why Berkshire Hathaway Dumped 55.8% Of Its Stock Apple representatives reported that Berkshire held 915.6 million shares of Apple as of January 2. Currently valued at around $88 billion.
  • 100,000 BYD EVs Coming to Uber: What It Means for Green Transportation and Driver Savings Uber will integrate BYD's electric vehicles (EVs) into its platform across Europe and Latin America, among other regions.
  • US National Debt Hits a Record $35 Trillion—What It Means for Your Wallet According to data from the Treasury Department, the total public debt balance reached $35 trillion on July 28.
  • Chinese Brands Outshine Apple: iPhone Sales Slump in Key Market Apple is facing challenges in the Chinese smartphone market, struggling to rebound amid intense competition from local companies.
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