BUSINESS
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UAE's AI Revolution: Introducing the Falcon 2 Series The United Arab Emirates (UAE) is investing in AI. On May 13th, the UAE government research institute announced a new open-source gen-AI model capable of competing with large technology companies. The Abu Dhabi Technology Innovation Institute (TII) has launched the Falcon 2 series, which includes the text-based model Falcon 2 11B and the vision-to-language model […] -
U.S. Election Impact on Semiconductor Industry: Insights from Korea Institute for Industrial Economics & Trade A representative was seen examining a wafer at a booth during the Semiconductor Exhibition (SEDEX) h ... -
Boeing's Problems Impact Lufthansa's Business: CEO Speaks Out [Alphabiz=(Madrid) Special Correspondent Shin Jung-hoon] Recently, Germany's Lufthansa publicly ... -
Hyundai's Ioniq 5 eN1: The Electric Race Car of the Future Hyundai Motor Company is set to host the 2024 Hyundai N Festival on the 11th and 12th at the Everland Speedway in Yongin, Gyeonggi Province. The Hyundai N Festival will also feature the eN1 Class, Korea’s first electric vehicle racing competition. The class will showcase the Ioniq 5 eN1 Cup Car, the first electric race […] -
BP Eyes Acquisition of Tesla's Supercharger Network British Petroleum (BP), Britain’s largest and the world’s second-largest oil refiner, has expressed its intent to acquire Tesla’s electric vehicle charging station network, the Supercharger division. According to Bloomberg on the 9th (local time), BP announced that it is currently negotiating with Tesla to purchase its charging station network. Last week, Tesla laid off 500 […] -
U.S. Government Blocks Chip Supply to Huawei: A New Trade War? China warned the U.S. that it would also suffer damage from its government's decision to block Huawei... -
China's Immune Therapy Stocks Soar as Research Delivers Promising Results Baidu AIChinese immunotherapy stocks are leading the rebound in the Chinese stock market with a 10-d ... -
Boeing's Runway Drama: Plane Lands Without Front Landing Gear Boeing has now revealed an issue with the landing gear of its cargo planes. The Turkish Ministry of Transportation announced on the 8th (local time) that a Boeing cargo plane from FedEx Corporation landed at Istanbul Airport without its front landing gear and remained on the tarmac, but no one was injured. According to a […] -
Twitter Creator's Block to Invest Heavily in Bitcoin: A Vote of Confidence in Crypto Jack Dorsey, the founder of Twitter, has shown a strong commitment to investing in Bitcoin. He plans to strengthen his investment portfolio through continuous Bitcoin purchases. According to the industry on the 9th, Dorsey revealed plans to buy Bitcoin every month through his fintech company, Block, using a Dollar-Cost Averaging (DCA) strategy. This move reflects […] -
China Gives Tesla the Green Light to Test Robotaxis Elon Musk, CEO of Tesla, recently visited China and proposed to locally test robotaxis. According to China Daily, the Chinese government responded positively to this proposal on the 8th. The media outlet reported that Musk not only requested approval for the release of Full Self-Driving (FSD) software during his visit to China last month but […] -
Musk's Mass Firing Raises Questions About Tesla's NACS Standard Elon Musk of Tesla has raised the issue of charger standards with existing automakers since last year, after firing the entire Tesla charging team. Ford and Rivian, the first to adopt Tesla’s NACS system, can charge through an adapter for Tesla’s NACS. Following this, they plan to start supporting GM, Volvo, Polestar, and others this […] -
NVIDIA and Vietnam: A Power Partnership in AI and Semiconductors Recently, high-ranking officials from NVIDIA, one of the hottest companies globally, have been visiting Vietnam frequently. Following NVIDIA CEO Jensen Huang’s visit to Vietnam last year, Vice President Keith Strier led a high-level delegation to Vietnam last month. Vice President Strier visited Vietnam from April 22 to 26 to fulfill the artificial intelligence (AI) and […] -
Slim is In: iPhone 17 Slim to Replace Plus Models With the iPhone 16 series launch expected this fall, news about the iPhone 17 has already been reported. Yonhap News Jeff Pu, an analyst at Haitong International Tech Research, reported on the 6th (local time) that Apple is developing an iPhone 17 Slim model. Jeff Pu explained that the Slim model will replace the existing […] -
Apple Revolutionizes AI With New In-House Chips for Data Centers Apple is developing its own AI chip for use in its data centers. The Wall Street Journal reported on the 7th (local time) that Apple is developing a proprietary chip that can run AI software in data centers. The project, internally named the Apple Chips in Data Center (ACDC), has been underway for several years […] -
Amazon's Bold Move: Online Shopping Service Launches in South Africa Amazon has thrown down the gauntlet to many online retailers led by Naspers’s Takealot. Amazon announced on the 7th (local time) that it will launch an online shopping service in South Africa. Amazon Africa will offer same-day and next-day delivery through more than 3,000 pickup points. Shoppers can get free shipping on their first order, […] -
Starbucks' 'Third Eye': The Future of Retail Management is Here Starbucks plans to expand the introduction of The Third Eye, an AI-based store management system that leverages AI technology to increase work efficiency and create future-oriented stores. As Starbucks celebrates its 25th anniversary in Korea this year, the company is determined to accelerate its digital innovation. According to industry sources, on the 6th, Starbucks recently […] -
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations [Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ... -
Revolutionizing AI: TSMC Starts Production of Chips for Tesla's Dojo TSMC has begun producing semiconductors for Tesla’s supercomputer Dojo. On the 5th (local time), the Liberty Times cited sources that TSMC announced this production commencement at a recent technology conference in California, USA. TSMC has begun manufacturing semiconductors for Tesla’s supercomputer Dojo. Dojo is an artificial intelligence supercomputer that trains autonomous driving software using data […] -
China's Exports to the U.S. Through Vietnam and Mexico Escalates Trade War As the U.S.-China dispute intensifies, China’s detoured exports to the U.S. through Vietnam and Mexico have surged. With the U.S. presidential election approaching, sanctions against these detoured exports are likely, prompting calls for a thorough response from the government and businesses operating in these regions. According to a report titled “Analysis of China’s U.S. Detoured Export […] -
Crypto Companies Flock to Hong Kong as U.S. Tightens Oversight [TheGuru: Jung Deung Yong Reporter] As U.S. financial authorities strengthen their oversight of cryptocurrencies, Hong Kong is emerging as a haven for cryptocurrency companies. To reclaim its status as a financial hub, Hong Kong is attracting new entrepreneurs, technologists, and investors with its friendly cryptocurrency regulations. According to industry insiders on the 7th, Hong Kong […]
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