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BUSINESS

  • Tesla Teams Up with China's Baidu for Full Self-Driving Upgrade Tesla has taken one step closer to launching its FSD service in China by agreeing to receive upgraded map software from Baidu.
  • Could New U.S. Restrictions Cripple China's Tech Ambitions? The Biden administration is expected to impose further restrictions on China’s AI chip development. Bloomberg quoted an industry insider and reported on the 11th (local time) that the Biden administration is considering additional restrictions on access to chip technology used in China’s AI. According to the source, the measures under discussion aim to limit China’s […]
  • Anticipating NVIDIA's Next Big Leap: The $5 Trillion Market Cap It has been predicted that NVIDIA’s market capitalization will surpass $5 trillion next year. The success of the soon-to-be-launched artificial intelligence (AI) chip platform, Blackwell, is expected to be a significant turning point. Louis Navellier, Chief Investment Officer (CIO) of Navellier & Associates, predicted on the 11th (local time) that NVIDIA’s market capitalization will exceed […]
  • Volvo FH16 Introduces All-New D17 Engine Technology: More Power, Less Fuel Volvo Trucks has unveiled the new Volvo FH16 model, which boasts excellent fuel efficiency and is equipped with the all-new Volvo D17 engine.
  • U.S. Lawmakers Demand Sanctions on Chinese Battery Giants Over Forced Labor Claims The Wall Street Journal reported that Republican lawmakers in the U.S. have called for immediate sanctions against Chinese battery manufacturers CATL and Gotion Hi-Tech over allegations of forced labor. In response, CATL dismissed these accusations as unfounded and completely false, stating that information about some of their suppliers is inaccurate and misleading. CATL clarified, “Business […]
  • UAE Backs US Restrictions on Semiconductors Exports To China The United Arab Emirates has supported the U.S.'s export restrictions on large-scale AI accelerators to Middle Eastern countries.
  • Musk Raises Red Flags Over Apple and OpenAI Collaboration When Apple unveiled a new artificial intelligence feature called Apple Intelligence at the Worldwide Developers Conference (WWDC) 2024, Elon Musk expressed security concerns about it. Musk wrote a post on X, warning, “If Apple integrates OpenAI at the operating system level, my companies will ban Apple devices,” calling it an “unacceptable security violation.” Apple’s AI […]
  • Elon Musk Backtracks, Requests Court to Dismiss OpenAI Lawsuit Elon Musk, the CEO of Tesla, has made a surprising move by requesting to dismiss his impending lawsuit against OpenAI.
  • China's Rare Earth Monopoly Under Threat: Greenland's Minerals to the Rescue? The world's largest rare earth deposit in Greenland has been sold to Critical Metals, a Special Purpose Acquisition Company (SPAC).
  • Trump's Tariff Threat: What It Means for Korea's Auto Exports Predictions have surfaced that the U.S. could impose additional tariffs on Korean-made vehicles if Trump were reelected.
  • Apple vs. Tesla: Musk Outraged Over ChatGPT in iOS Systems Elon Musk, CEO of Tesla, has criticized Apple for its plans to integrate ChatGPT into its products. On June 10, Elon Musk made a post on X, saying, “If Apple integrates OpenAI at the OS level, Apple products will be banned in my companies,” adding, “This is an unacceptable security breach.” He also noted, “Visitors […]
  • Apple Announces Global Launch of Vision Pro--South Korea Not Included Apple is expanding the availability of its mixed reality headset, Vision Pro, to eight other countries worldwide. However, South Korea is not included in this global launch. During the 2024 World Developers Conference (WWDC) held in Cupertino, California, Tim Cook announced that the Vision Pro will launch in other major countries. Since its official launch […]
  • Lockheed Martin Maintains Growth Despite Profit Hurdles Despite a temporary drop in revenue for the first quarter, U.S. defense company Lockheed Martin Corporation (LMT) is expected to maintain its growth trend. According to Hana Securities, Lockheed Martin’s first quarter revenue in 2024 is projected to be $17.2 billion (an increase of 13.7% from the previous year), while operating income is expected to […]
  • Why Amazon's Zoox Chose Miami and Austin for Their Next Robo-Taxi Trials? Zoox, a self-driving technology developer under Amazon, announced that it plans to begin testing soon in Miami, Florida, and Austin.
  • Calls to Ban Chinese Tech Firms Amplify Amid Forced Labor Allegations Allegations of Violating Uyghur Forced Labor Prevention Act In the U.S. Congress, there are growing calls to add Chinese battery manufacturers CATL and Gotion High-Tech to the import ban list. According to Yonhap News and the Wall Street Journal (WSJ) on the 8th, some Republican members, including the Chairman of the U.S. House of Representatives’ […]
  • Elon Musk: No New Tesla Model Y Release in 2024 Elon Musk announced through his social media on the 8th that Tesla will not be releasing a new Model Y this year. Musk stated, “There will be no Model Y refresh this year,” and added, “Tesla is continuously improving its cars, so even a car that’s six months older will be a bit better.” While […]
  • Tesla's Musk Faces Showdown Over $46.9 Billion Stock Option: Shareholders Sound Off A shareholders' meeting is set for the 13th to decide on Elon Musk's stock option payment. While Musk is seeking support via his X...
  • US Electric Vehicle Market Heats Up with Price Cuts: A Look at the Competition Price cuts for BEVs continue in the US market. The average price of new BEVs in the first quarter of 2024 fell 9%.
  • ISS Welcomes Starliner: A New Chapter in U.S. Space Exploration Boeing’s space capsule, the CST-100 Starliner, has successfully docked with the International Space Station (ISS) on its first crewed test flight. According to media reports, the Starliner, carrying NASA astronauts Barry Wilmore and Sunita Williams, arrived safely at the ISS at 1:34 PM on the 6th. The docking was originally scheduled for 12:15 PM, but […]
  • Elon Musk's Starship Successfully Returns After Orbiting Earth Starship, the large spacecraft from SpaceX led by Tesla CEO Elon Musk successfully returned on the 6th after orbiting the Earth on its fourth test flight. The spacecraft did not explode while entering the atmosphere, which was the top priority in the development of Starship. This feat was also the core of Musk’s dream of […]
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