BUSINESS Archives - Page 47 of 52

Elon Musk to Open-Source AI Chatbot Grok, Raising Pressure on OpenAI 2024.03.13 Details of what will be open-sourced have not yet been disclosed Elon Musk, CEO of Tesla, announced on the 11th (local time) on his social media platform X (formerly Twitter) that he plans to release the source of the AI chatbot Grok this week, according to The Wall Street Journal (WSJ). The article did not […]

Pentagon Initiates Efforts to Develop Domestic Rare Earth Element Supply 2024.03.13 The U.S. Department of Defense is taking steps to establish a supply chain for rare earth permanent magnets to reduce dependence on China and secure its domestic supply network. Laura D. Taylor-Kale, Assistant Secretary of Industrial Policy, stated on the 11th, “We have been working to secure the supply chain for rare earth elements needed […]

Grayscale Seeks SEC Approval for Mini Bitcoin ETF to Attract Investors 2024.03.13 The world’s largest cryptocurrency operator, Grayscale Investments, is set to introduce a mini Bitcoin spot exchange-traded fund (ETF) with lower commissions. This move is seen as a strategic step to reclaim the market dominance from competitors like BlackRock and Fidelity. According to Reuters and other sources, on the 13th, Grayscale applied to the U.S. Securities […]

China's BYD Sends Delegation to Mexico for Electric Car Factory Review 2024.03.13 On March 9, 2024, it was reported that the Chinese firm BYD dispatched a delegation to Mexico to consider building an electric car factory there. According to a Mexican government official, last week, BYD executives met with government officials and Chinese suppliers located in Jalisco, including ITI, which manufactures machinery for automotive parts. The cost […]

China's BYD Sets Sights on 2024: Aiming for 4 Million Electric Vehicles 2024.03.13 On March 11, 2024, China’s BYD announced that it had expanded its product lineup to five items by launching the Seal, Song Plus, and Qin Plus in the UAE market. These are plug-in hybrid electric vehicles following the battery electric cars Han and Atto3. BYD launched Atto3 in the UAE market in June 2023 and […]

Chinese Electric Cars Outperform US Competitors in Sales 2024.03.13 The Financial Times reported that Mathias Miedreich, CEO of Belgian conglomerate Umicore, said that sales of Chinese-made electric vehicles outpace those from the U.S. because of their superior performance and better price. In the interview, he said that Chinese electric cars sell well because they are genuinely good, and it seems like American companies are […]

Crypto Fever: Bitcoin Hits New Highs, Ethereum Tops $4,000, Altcoins Rally 2024.03.12 Bitcoin has ushered in the era of $72,000. As of the 12th, Bitcoin is trading at about $77,321 on UPbit. According to the cryptocurrency statistics site CoinGecko, at 9:40 a.m. on the 12th, Bitcoin traded at $72,251.69 (the average of the main exchanges), up 4.5% from the previous day. Ethereum was up 6.0% to $4,076.58, […]

Investment Alert: Gold Prices Soar to Record Highs, Time to Buy In? 2024.03.12 Amid the gold price reaching an all-time high, experts have suggested increasing investments as the upward trend is expected to continue. Hwang Byung Jin, a researcher at NH Investment & Securities, stated in a report on the 11th, “As the tight monetary policy led by the U.S. Federal Reserve is nearing its end, the gold […]

China's E-commerce Take Over Global Market, Shopee Beats Amazon 2024.03.12 Chinese e-commerce companies are relentlessly waging a global market share war. As of January, seven of the top 10 global e-commerce applications for monthly users were Chinese companies or had Chinese capital invested. According to the Nikkei on the 11th, a study by U.S. research firm Sensor Tower showed that Sea’s Shopee in Singapore topped […]

Former Goldman Sachs Exec Spills Crypto Secrets: What's in Raoul Pal's Portfolio? 2024.03.12 Raoul Pal, a former executive at the global investment bank Goldman Sachs and currently the CEO of financial services company Real Vision, has revealed his cryptocurrency asset portfolio. On the 8th, Pal appeared on the cryptocurrency YouTube channel “Crypto Banter,” stating that about 90% of his assets are in the cryptocurrency sector. Pal is one […]

Trump Rallies for Tariffs: Promises Tough Stance on China Trade 2024.03.12 Former President Donald Trump has signaled that if he retakes the White House, he will use “high tariffs” as a weapon in tough negotiations with China and others, stating, “I firmly believe in tariffs.” Trump, who is virtually confirmed as the Republican presidential candidate, said in an interview with an economy media CNBC on the […]

China's Electric Car Empire: Exports Soar Past 1 Million Mark 2024.03.12 China’s electric vehicle (EV) exports have rapidly increased over the past few years. China is expected to accelerate its EV exports by leveraging its competitive pricing. According to the China Passenger Car Association (CPCA) and the electric vehicle industry on the 12th, the total number of new energy vehicles (NEVs) exported from China, including EVs […]

Porsche Taycan Turbo GT Breaks Records: Fastest Electric Vehicle on the Road 2024.03.12 Dr. Ing. h.c. F. Porsche AG has announced that its Taycan Turbo GT with the Weissach package has become the fastest electric vehicle to be produced. Porsche’s development driver, Lars Kern, set a new record in the electric vehicle category capable of driving public roads on February 23 by recording a lap time of 1 […]

Amazon Steps Up E-commerce Game with AI Shopping Assistant 2024.03.12 Analysts predict that Amazon will upgrade its online shopping and data competitiveness in the age of generative AI. Park Yeon Ju, a researcher at Mirae Asset Securities, said, “The introduction of advanced generative AI technology in the next 2-3 years is expected to alleviate various inconveniences that users experience during online shopping, accelerating the growth […]

China's $27 Billion Semiconductor Fund Signals Tech Hegemony Battle with US 2024.03.12 China, emphasizing technological independence against U.S. high-tech regulations, has rolled up its sleeves to create a fund of at least $27 billion to foster its domestic semiconductor industry. The scale is expected to surpass the 200 billion yuan second fund in 2019, making it the largest ever. Reuters reported in September last year that the […]

World's Richest Person: Arnault Takes Lead, Bezos Falls to Second Place 2024.03.11 A power struggle for the title of “world’s richest person” is ongoing between Elon Musk, CEO of Tesla, Jeff Bezos, the founder of Amazon, and Bernard Arnault, Chairman of the French luxury group Louis Vuitton Moet Hennessy (LVMH). According to the Bloomberg Billionaires Index on the 10th, as of the 7th, Chairman Arnault has reclaimed […]

U.S. to Restrict Sale of Strategic Petroleum Reserves to China 2024.03.11 The U.S. Congress is pushing for a measure to prohibit the sale of strategic petroleum reserves to China. According to industry sources, on the 10th, U.S. bipartisan leaders agreed on the 3rd to continue operating a significant portion of government functions until the end of the fiscal year 2023 (October 2023 to September 2024) to […]

Tesla Launches Exclusive 2-Seater Model Y in France 2024.03.11 Tesla launched a new 2-seater Model Y in France on March 5, 2024. According to Tesla insiders, the new model has a storage capacity of 76.2 cubic feet ( about 2,158 liters ), offers a range of up to 351 miles (about 565 km) (WLTP cycle), and was launched as a vehicle for business that […]

Explore the Features of 'Hyundai Ioniq 6: 'Electric Car of the Year' 2023.12.12 [TheGuru=Jinwoong Yoon] Hyundai Ioniq 6 has been selected as the '2023 Electric Vehicle of the Year' by the US automotive publication The Driver...

China Stock Market Weekly: Watching Economic Indicators Amid Deflation Worries 2023.12.11 Chinese stocks will focus on November's real economic data and economic policies for next year. Last week, foreigners were net sellers of stocks in China's equity markets, continuing the bearish trend. This week, financial and real economic data will be released.

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