Startups and Tech
Lucid Motors Sees $978.4 Million Q3 Losses, Signals Challenges in EV Market Dominance
Omar RahmanLucid Group missed Wall Street expectations for the second straight quarter, as the electric vehicle maker continues struggling with production issues...
Apple Adopts Google's AI Model to Power Siri, Elevating Virtual Assistant Capabilities
Apple is finalizing a deal to use Google's powerful Gemini AI model to upgrade Siri, paying around $1 billion annually for access to the technology. T...
Amazon Web Services and OpenAI Forge $38 Billion Partnership, Revolutionizing Cloud AI
Amazon Web Services and OpenAI just signed a massive $38 billion partnership deal that will reshape how AI gets built and deployed. The multi-year agr...
India Emerges as Global Auto Manufacturing Hub: Toyota, Honda, and Suzuki Drive Transformation
Japan's biggest automakers are pouring billions into India, turning their backs on China as their main manufacturing hub. Toyota, Honda, and Suzuki pl...
Toyota Motor Rakes in $81 Billion in Q2 Revenue, Defying Industry Trends
Toyota reported mixed quarterly results Wednesday, with revenues beating expectations despite a nearly 28% profit drop as the Japanese automaker deals...
Ferrari Exceeds Q3 Earnings Forecasts, Revenues Surge 7%
Ferrari posted stronger-than-expected third-quarter results with net profit hitting โฌ382 million ($439.5 million), beating analyst forecasts of โฌ367.3...
Tesla's Woes: Elon Musk Faces New Headache as Door Issues Plague the Brand
Tesla faces a major federal investigation over electronic door handles that may trap people inside vehicles during emergencies. The National Highway T...
Microsoft Acquires 60,400 Nvidia Chips to Bolster Cloud Computing Capabilities
Microsoft will ship 60,400 cutting-edge AI chips from Nvidia to the UAE for government data centers, following approval from the U.S. Commerce Departm...
BYD Stock Plunges to 9-Month Low, Signaling Potential Challenges in the Electric Vehicle Market
BYD, China's electric vehicle giant, hit its lowest stock price in nearly nine months as sales dropped for the second straight month. The Shenzhen-bas...
Baidu Hits a Milestone: 250,000 Robotaxi Rides Recorded in Just One Week
Chinese tech giant Baidu's robotaxi service Apollo Go now handles over 250,000 fully driverless rides per week as of October 31. This puts the company...
Hyundai Hit with $1.3 Billion in Tariffs in Q3, Facing Headwinds
Hyundai Motor revealed that U.S. tariffs cost the company around $1.3 billion in the third quarter alone. But there's some relief on the horizon - a n...
Amazon Celebrates Cloud Computing Surge, Apple Expects Return to Growth
Apple expects a major sales surge during the holiday season after launching new iPhones, while Amazon's cloud computing unit just recorded its stronge...
Microsoft Cloud Services Disruption Looms as Earnings Announcement Nears
Microsoft's Azure cloud services and Office 365 went down Wednesday morning at around 11:40 AM Eastern, just hours before the tech giant was set to an...
Nvidia Gears Up to Unveil Cutting-Edge AI Collaborations with Samsung and Hyundai
Nvidia CEO Jensen Huang is heading to South Korea this week to announce major new chip supply deals with the country's biggest companies, including Sa...
Nvidia Invests $1 Billion in Nokia to Accelerate 5G and Edge Computing Innovations
Nokia just landed a major financial boost from Nvidia, with the chip giant investing $1 billion in new Nokia shares. This partnership aims to accelera...
Meta Unveils 'Ghost Posts' Feature on Threads Platform, Empowering Users' Online Presence
Meta just rolled out "ghost posts" on Threads - temporary posts that automatically disappear after 24 hours. This move brings the ephemeral content fo...
Toyota's Global Production Soars for Fourth Consecutive Month in September
Toyota just reported its fourth straight month of production growth, with global output jumping 11% in September compared to last year. The Japanese a...
SoftBank Approves Final Tranche of Investment in OpenAI, Boosts AI Innovation
SoftBank just approved a massive $22.5 billion second payment to complete its $30 billion investment in OpenAI. But there's a catch - the AI company n...
Surging EV Parts and Battery Costs Drive Up Vehicle Insurance Premiums
Electric car insurance in the UAE costs 20-35% more than traditional vehicles, despite the Emirates leading Gulf electric vehicle sales with 24,000 un...
Volvo Profits Soar to $626.6M in Q3, Driving Swedish Success
Swedish automaker Volvo Cars posted a small increase in third-quarter operating profits, but the company says price competition and US import tariffs...
Tesla Recalls Over 63,600 Cybertruck Vehicles Due to Lighting Defect
Tesla recalled 63,619 Cybertruck vehicles after a software bug made their front parking lights too bright, potentially blinding oncoming drivers. The...