Samsung’s profit recovery seen weakening in Q3
SEOUL (Reuters) – Samsung Electronics is expected to flag more than a four-fold jump in quarterly profit on Tuesday on improving demand for chips, but the pace of its recovery is weakening, as it is slow to cash in on the artificial intelligence boom. #SamsungProfitRecovery Samsung’s operating profit likely reached 10.33 trillion won ($7.67 billion) […]
Meta announces new AI model that can generate video with sound
NEW YORK (Reuters) – Facebook owner Meta (META.O) announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. #MetaAIVideoGeneration Samples of Movie Gen’s creations provided […]
The Future of Electric Vehicles: How Battery Recycling Will Shape Sustainability
1. Introduction: The Electric Vehicle Revolution and the Importance of Battery Recycling The electric vehicle (EV) industry is experiencing unprecedented growth, driven by global efforts to reduce greenhouse gas emissions and transition to renewable energy. By 2030, it is estimated that over 145 million EVs will be on the road globally, contributing significantly to a […]
OpenAI Sees $11.6 Billion Revenue Next Year, Offers Thrive Chance to Invest Again in 2025
(Reuters) – Thrive Capital is investing over $1 billion in OpenAI’s current $6.5 billion fundraising round. They have a unique advantage not offered to other investors. If OpenAI hits its revenue goal, Thrive could invest another $1 billion next year at the same valuation. Moreover, the OpenAI revenue forecast highlights the company’s commitment to innovation […]
India probing Netflix for visa violations and racial discrimination, e-mail shows
NEW DELHI – India is investigating the business practices of Netflix’s local operations, focusing on allegations of visa violations and racial discrimination. A government email sent to a former executive revealed these concerns. The inquiry aims to address significant issues surrounding the streaming giant’s conduct in the country. This India Netflix investigation has drawn attention […]
SpaceX plans to send five uncrewed Starships to Mars in two years, Elon Musk says
SpaceX plans to launch about five uncrewed Starship missions to Mars in two years, CEO Elon Musk said on Sunday in a post on social media platform X. Each launch will gather critical data that supports the long-term vision of the SpaceX Mars mission. #SpaceXMarsMission Earlier this month, Musk had said that the first Starships […]
Exclusive: OpenAI’s $150 Billion Valuation Rides on Revolutionary Corporate Restructuring
(Reuters) – OpenAI’s upcoming financing round is likely to involve convertible notes. According to sources familiar with the situation, the company’s $150 billion valuation hinges on overhauling its corporate structure and removing the profit cap for investors. This OpenAI valuation strategy is designed to transform AI company operations, aiming to boost efficiency and drive growth […]
OpenAI launches new series of AI models with ‘reasoning’ abilities
(Reuters) -Microsoft-backed OpenAI said on Thursday it was launching its “Strawberry” series of AI models designed to spend more time processing answers to queries in order to solve hard problems. These OpenAI reasoning models are designed to improve the decision-making process, making AI systems more reliable. The models, first reported by Reuters, can reason through […]
Samsung plans global job cuts of up to 30% in some divisions
Samsung Electronics , the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. Additionally, these Samsung Job Cuts are expected to impact various departments. #SamsungJobCuts Samsung, based in South Korea, has directed its […]
Huawei Reveals Mate XT Tri-Fold Display with Impressive 90Hz Refresh Rate
The Huawei Mate XT Ultimate Design has drawn attention for its impressive screen. However, details about the Huawei Mate XT display were initially missing. The company has now confirmed the refresh rate of the Huawei Mate XT tri-fold. The official Huawei Mall customer service confirms that the Huawei Mate XT display supports a 90Hz refresh […]