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
Enterprise
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
The landscape of electric vehicle (EV) sales in Europe is shifting, with China-made EVs projected to make up more than a quarter of sales this year. This marks a significant increase of over 5% from the previous year, according to a recent policy analysis. In 2020, about 19.5% of battery-powered EVs sold in the European
The Financial Conduct Authority in Britain has recently issued guidelines for financial services companies and social media influencers regarding the use of memes in marketing financial products. According to the FCA, any marketing materials, including memes, should be fair, clear, and not misleading. This move comes as a response to a rise in scams related
The recent settlement between Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, and the Securities and Exchange Commission (SEC) has sent shockwaves through the tech industry. Bechtolsheim, who has an estimated net worth of over $16 billion, has agreed to pay close to $1 million and is banned from serving as a public
While Tesla may be dominating the electric vehicle market in the U.S., Chinese automaker BYD is quickly emerging as a serious contender on a global scale. In the fourth quarter of 2023, BYD surpassed Tesla as the world’s top EV maker, showcasing significant growth and innovation in the new energy vehicle industry. Founded by Wang