BUSINESS Archives - Page 61 of 68

Hyundai's Electric Vehicle Lineup Racks Up 48 Awards Across 13 Countries 2024.03.20 In the fierce global electric vehicle market, Hyundai Motor Group’s various electric vehicle models have been honored one after another at award ceremonies hosted by influential automotive organizations and media around the world, including in the U.S., Europe, and Asia. According to Hyundai Motor Group on March 19, the electric vehicles of its three brands […]

Google's Gemini AI Engine May Soon Power Features on Apple's iPhone, Sources Say 2024.03.20 Apple is in talks to integrate Google’s Gemini into the iPhone. Bloomberg reported on Monday, citing a source, that Apple is in discussions to incorporate Google’s Gemini AI engine into the iPhone, according to a report on the 18th. According to the source, the negotiations involve a Gemini license for some new features to be […]

More than NVIDIA? This Company's Stock Cap Soared Up 12 Times! 2024.03.20 SMCI is included in the S&P 500 index this weekEndowed competitiveness with the rapid release of customized serversSMCI-NVIDIA interdependencies also notedSimilar to NVIDIA’s launch and start-up years NVIDIA is dominating as the AI leader and showing an incredible rise in stock prices. However, in a similar sector of Wall Street, the server manufacturer company and a […]

NVIDIA Unveils Blackwell, a Platform With 30x Faster Inference Speeds 2024.03.19 NVIDIA has unveiled the Blackwell architecture, which has up to 30 times faster AI inference speed than the previous generation. Aiming to accelerate the advent of general artificial intelligence (AGI), Blackwell performs AI learning 5 times faster and the power-to-performance ratio by 25 times than the previous model, H100 Hopper. On the 18th (local time), Jensen […]

Fisker to Halt Production for Six Weeks due to Deteriorating Business Conditions 2024.03.19 American electric vehicle startup Fisker announced on March 18, 2024, that it will halt production for six weeks. The company cited deteriorating cash flow and the need to prevent inventory build-up as reasons for the halt. It also added that it is currently in alliance negotiations with major automakers and focusing on avoiding bankruptcy. Fisker […]

'Pro-China' Brazil Launches Anti-Dumping Investigation Into Chinese Steel and Other Products 2024.03.19 Investigation of 6 sectors, including chemicals and tiresInventories piled up as China’s domestic demand shrinks, exported at low pricesInvestigation could escalate trade tensions Photo=Reuters Yonhap News Brazil, known for its friendly relations with China, has launched an anti-dumping investigation targeting China. This move comes as a countermeasure against China’s low-cost export of surplus products due […]

Bentley Named 'Britain’s Most Admired Automotive Manufacturer' For Two Consecutive Years 2024.03.19 Bentley Motors was selected as “Britain’s Most Admired Automotive Manufacturer” for the second year in a row. On the 12th, Bentley Motors announced that it had been ranked first in the automotive sector for two consecutive years, according to a survey conducted by Echo Research. The “Britain’s Most Admired Companies” award is a corporate reputation […]

Pfizer to Sell $2.5 Billion Worth of Haleon Shares, Focusing on Pharmaceutical Innovation 2024.03.19 Pfizer has started to dispose of its stake in Haleon, as it previously expressed its desire to focus on pharmaceutical innovation. Pfizer plans to sell about 2 billion pounds ($2.5 billion) of Haleon stock, which is the first step in reducing the 32% stake held by Haleon’s largest shareholder. Pfizer has been stating for a […]

2nd Richest Man in China Faces Permanent Ban from Stock Market - Here's Why 2024.03.19 Xu Jiayin, the chairman of Evergrande who once rode the Chinese real estate boom to become the second-richest person in Asia, has fallen from grace as Chinese securities authorities permanently banned him from entering the stock market. Evergrande once became China’s second-largest real estate developer, but in 2021, it began defaulting on offshore bonds. It […]

Peter Thiel Executes First Sale of Palantir (PLTR.N) Shares for $175 Million 2024.03.19 Peter Thiel, a key figure at the software and analytics firm Palantir Technologies, has sold a portion of his shares in the company. Thiel announced on the 16th (local time) that, for the first time, he had sold a portion of his Palantir Technologies stake, worth about $3.4 billion, which he had held for over […]

Goldman Sachs Expects Gold to Be $2300 This Year 2024.03.19 Goldman Sachs, a global investment bank (IB), predicted a sharp rise in the price of gold this year. This reflects expectations of a decrease in interest rates despite the uncertainty of U.S. interest rates. Goldman Sachs predicted on the 18th that the price of gold this year would reach $2300 per ounce. Previously, Goldman Sachs […]

Kia Telluride Ranks 3rd in the U.S. Large SUV Market 2024.03.19 Kia’s strategic North American sports utility vehicle (SUV) model, Telluride, was ranked among the top three models in the U.S. large three-row SUV market last year. The model was developed specifically for the U.S. market, reflecting local characteristics and successfully meeting customer needs. According to the industry, on the 18th, Kia Telluride sold 110,765 units […]

Apple Foldable iPhone Launch Date Shifts From Late 2026 to Early 2027 2024.03.18 The release date for the anticipated foldable iPhone by Apple has been adjusted. On the 18th, a high-ranking official familiar with Apple’s internal affairs told Alpha Economy, “We plan to start selling the foldable iPhone a bit later than expected after making thorough preparations, including securing the supply of foldable displays.” The initial sales date […]

Will Tesla's Touch Screen Hazard Disappear? 2024.03.16 Europe’s top vehicle safety organization, Euro NCAP, plans to penalize car manufacturers that require drivers to operate essential safety control features via a touchscreen. NCAP, the highest authority in Europe for evaluating the safety of new cars, has decided to implement new regulations from January 2026. Manufacturers will be penalized if they enable the operation […]

Tesla Owner Fined for Trying to Sell a Used Cybertruck 2024.03.16 (Source: Top Gear) On March 11th (local time), a man was blacklisted for listing his Tesla Cybertruck for sale on a trading site for used goods. Dennis, an IT manager in Arizona, reportedly listed his Cybertruck on several secondhand trading sites. (Source: Cybertruck Owners Club) However, after listing the vehicle, he received an email from […]

US Plans to Give Samsung $6 Billion in Semiconductor Subsidies, More than TSMC 2024.03.16 On the 14th (local time), Bloomberg reported that the US government is expected to provide Samsung Electronics with more than $6 billion in semiconductor subsidies. The media, citing an anonymous source, said that this payment decision supports Samsung Electronics’s expansion in the US and the previously announced construction of a factory in Texas. If the […]

ByteDance to Restart Gaming Business After US Passes TikTok Ban Bill 2024.03.16 Sold its gaming business last yearInternal notice of organizational restructuring to restart gaming business after the U.S. House of Representatives passed the Tik Tok Ban Bill Local reports have stated that China’s ByteDance, the parent company of TikTok, which is at risk of losing the U.S. market, is reviving the gaming business, previously sold to […]

Venture Capitalist Vinod Khosla Reinforces Investment in Japanese Startups 2024.03.15 Vinod Khosla, CEO of Khosla Ventures, well-known as an early investor in OpenAI, has been increasing his investments in Japanese startups. News1 In an interview with the Nikkei on the 14th, Khosla stated, “I have recently decided to make new investments in Japanese companies.” This investment marks Khosla Ventures’ third in Japanese companies. Previously, it […]

Poland Unveils Upgraded Version of K2 Tank with Advanced Features 2024.03.15 The evolved performance of the K2PL (K2 Poland), the Polish export model of Hyundai Rotem’s K2 tank, has been unveiled. Unlike the existing K2 tanks, the K2PL is equipped with a Remote Control Weapon System (RCWS) similar to the ZSSW-30 turret system, an Active Protection System (APS) that can protect the tank from enemies, and […]

Fisker Inc. Prepares for Possible Bankruptcy Filing 2024.03.15 According to The Wall Street Journal, Fisker Inc. has reportedly hired restructuring advisors to prepare for a possible bankruptcy filing. The company is currently facing a challenging period, with the possibility of its stocks being delisted due to recent declines. In its latest annual report, Fisker warned that it may be unable to continue operations. […]

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