In a recent internal memo to Alibaba employees, founder Jack Ma expressed his approval of the company’s reorganization efforts over the past year. This comes after a turbulent period for the Chinese technology giant, which saw significant changes in management and operations. Ma highlighted the challenges faced by Alibaba, both internally and externally, and commended
Enterprise
General Motors’ Cruise self-driving vehicle unit has announced a significant step in its journey towards redemption. After a hiatus since October, the company is redeploying cars on U.S. roadways, starting with a small fleet of human-driven vehicles in Phoenix. This move comes in the wake of an unfortunate accident in San Francisco, which led to
Tesla has recently settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two. The tragic incident occurred when Huang’s Model X SUV, equipped with Autopilot features, crashed into a highway barrier near Mountain View, California, in 2018. The National Transportation Safety Board (NTSB) investigated the fatal
The CEO of Ripple, Brad Garlinghouse, is optimistic about the future of the cryptocurrency market. He predicts that the combined market capitalization of cryptocurrencies will exceed $5 trillion by the end of this year. This would represent a significant increase from the current market capitalization of around $2.6 trillion. Garlinghouse attributes this growth to several
The concept of a car losing its value as soon as it is driven off the lot is nothing new, but when it comes to electric vehicles (EVs), this depreciation trend is taking on a whole new dimension. Industry and investment experts are pointing to the rapid decline in the value of used EVs as
SK Hynix, a prominent memory chip manufacturer, recently announced a significant investment of $3.87 billion in building its first chip packaging facility in the United States. This move underscores the company’s commitment to strengthening the semiconductor industry in the U.S. and aligns with the Biden administration’s initiative to enhance domestic chip production. The establishment of
Uber Eats is revolutionizing the food delivery industry once again by introducing Waymo self-driving cars to deliver orders in the Phoenix metropolitan area. This new partnership between Uber and Waymo marks a significant milestone in the world of autonomous deliveries, expanding the reach of technology-driven solutions for consumers. The collaboration between Uber and Waymo goes
Tesla recently released its first-quarter vehicle production and deliveries report for 2024, revealing a decline in deliveries of 8.5% from the previous year and a 20% drop from the fourth quarter. The total number of deliveries for Q1 2024 was 386,810, while production stood at 433,371 vehicles. This represents a 1.7% decline in vehicle production
In a recent interview with CNBC, a top executive at Samsung revealed the company’s plans to incorporate generative artificial intelligence technology into its voice assistant, Bixby. The move comes as Samsung aims to improve the overall user experience and functionality of its devices. Bixby was initially launched in 2017 with the Galaxy S8 smartphone, offering
AT&T recently announced that they are currently conducting an investigation into a data breach that occurred two weeks ago. The breach resulted in the exposure of millions of customers’ data on the dark web, an area of the internet that requires special software to access. As a response to this security incident, AT&T has taken