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Alphabet’s Google announced an expanded collaboration with Reddit, addressing challenges faced by the social media platform due to its dependence on Google Search for traffic. This partnership arrives as analysts raise concerns about Reddit’s vulnerability to changes in Google’s search algorithms, which have reportedly affected the platform’s daily active user (DAU) numbers. As part of the expanded partnership, Reddit will leverage Google’s Vertex AI, a platform enabling the...

17 March 2025

The global natural rubber industry is poised to endure a fifth consecutive year of supply shortages in 2025. Projections indicate that worldwide demand for natural rubber will grow by 1.8%, significantly outpacing the anticipated 0.3% increase in production. This enduring imbalance highlights the mounting challenges faced by leading natural rubber-producing nations, including Thailand, Indonesia, Vietnam, and China. Natural rubber, esteemed for its durability, elasticity, and versatility, remains an...

15 March 2025

BMW is bracing for a challenging 2025 as trade tariffs and shifting global trade dynamics continue to weigh on the automaker’s financial outlook. The company has allocated €1 billion ($1.09 billion) in provisions to address the economic strain caused by tariffs from the European Union and the United States, which include duties on its China-made electric vehicles. The carmaker has revised its automotive earnings margin to 5-7% for...

14 March 2025

iRobot, a leader in consumer robotics, has recently announced significant concerns regarding its financial future, sparking a major decline in its stock value. In its latest earnings release, the company highlighted doubts about its ability to maintain operations, prompting the board to initiate a strategic review. This review will explore refinancing options, potential asset sales, and other measures to address iRobot’s financial difficulties. The company’s shares experienced a...

13 March 2025

Tesla has experienced an 11% decline in US vehicle registrations for January, dropping to 43,411 units compared to the same period last year. Despite maintaining a leading 42.5% share of the US electric vehicle (EV) market, this figure represents a 12-percentage-point drop from the prior year, as reported by S&P Global Mobility. Total EV registrations across the US rose 14% in January, highlighting increasing competition from automakers like...

12 March 2025

Alibaba Group Holding Ltd. has introduced a cutting-edge artificial intelligence model, aiming to secure a leading position in the competitive AI market. The model, developed by Alibaba’s Tongyi Lab, is designed to interpret human emotions through video analysis, while also providing insights into clothing and surroundings. This innovation represents an enhanced version of the lab’s earlier HumanOmni model. In addition to offering this model as an open-source tool...

12 March 2025

The Netherlands, alongside eight other European Union countries, has initiated a collaboration to bolster the continent’s semiconductor industry. The coalition, termed the “Semicon Coalition,” includes Belgium, Germany, Finland, France, Italy, Austria, Poland, and Spain. This announcement was made during a meeting in Brussels, marking a significant step toward enhancing Europe’s role in chip production. Semiconductors, commonly known as chips, are increasingly indispensable in modern technology, powering devices ranging...

12 March 2025

Oracle Corporation recently announced its fiscal third-quarter financial results, revealing a mixed performance for the period. The company reported a 6% increase in sales, reaching $14.1 billion, though this fell short of analysts’ expectations of $14.4 billion. Additionally, revenue from Oracle’s cloud infrastructure also missed projections. Following the announcement, Oracle’s stock experienced a decline, dropping as much as 7.5% after the markets opened. This marked its lowest level...

11 March 2025

Meta Platforms Inc., known for its ownership of Facebook, Instagram, and WhatsApp, is heavily investing in artificial intelligence (AI) infrastructure. The company has projected its 2025 expenses to fall between $114 billion and $119 billion, allocating up to $65 billion for AI-related developments, including custom chip production. As part of its Meta Training and Inference Accelerator (MTIA) series, Meta has developed a new AI training chip in collaboration...

11 March 2025

Apple Inc. is encountering significant challenges within its AI division, leading to delays in updating the Siri digital assistant. Originally planned for the iOS 18.4 update in April, the new features that where introduced last June, which include Siri’s ability to use personal information for queries and enhanced app control—are now expected to be released “sometime in the coming year.” Apple has been struggling to develop these features,...

8 March 2025

In Bologna, Italy, supercomputers inside a former tobacco factory crunch weather data daily to help energy traders make informed decisions. However, a new AI model developed by the European Centre for Medium-Range Weather Forecasts (ECMWF) is changing the game. This AI model not only uses real-time data but also incorporates historical information, resulting in more accurate predictions of temperature, precipitation, wind, and tropical cyclones. The model consumes less...

7 March 2025

Hewlett Packard Enterprise (HPE) saw its shares plummet by 20% in premarket trading on Friday after the company revealed that its annual profit outlook would be impacted by recently imposed U.S. tariffs. This setback comes as the AI-server manufacturer navigates an intensely competitive market. New tariff measures introduced by the U.S. government have complicated supply chains. A 25% duty now applies to aluminium and steel imports from Canada...

7 March 2025

A major aluminium producer has proposed a 14% hike in premiums for primary aluminium shipments to Japan for the April-June quarter. The suggested premium now stands at $260 per metric ton, compared to $228 in the previous quarter, sources familiar with the negotiations reported. This increase reflects growing uncertainties around supply dynamics in the global aluminium market. Japan plays a crucial role as one of Asia’s leading importers...

7 March 2025

The value of the U.S. dollar has sharply declined over the past few days, hitting its lowest point in nearly four months against the euro. The dollar has also weakened against other major currencies. By Wednesday, the exchange rate had climbed from 1.038 dollars per euro to over 1.07 dollars per euro, marking a 3% decrease in the dollar’s value in just a few days. Economic instability in...

5 March 2025

Samsung Electronics has partnered with Amazon Web Services (AWS) to showcase the application of AI in radio access networks (RAN) at the Mobile World Congress (MWC) in Barcelona, Spain. This collaboration features the Samsung CognitiV Network Operations Suite (NOS) Copilot, an advanced AI assistant integrated within Samsung’s automation platform. Utilizing Amazon Bedrock, a managed service for building and scaling generative AI applications, the Samsung CognitiV NOS Copilot streamlines...

5 March 2025

China announced import tariffs on $21 billion worth of U.S. agricultural and food products, including soybeans, wheat, meat, and cotton. The companies affected by the suspension are CHS Inc., Louis Dreyfus Company Grains Merchandising LLC, and EGT. According to China’s customs department, the suspensions were due to the detection of ergot and seed coating agents in U.S. soybeans and pests in U.S. logs. This action follows U.S. President...

5 March 2025

Taiwan Semiconductor Manufacturing Company (TSMC) has unveiled plans to invest $100 billion in the United States over the coming years to expand its semiconductor manufacturing capabilities. The investment will fund the construction of five new facilities, including three chip fabrication plants, two advanced packaging facilities, and a large research and development center. This announcement was made by TSMC CEO C.C. Wei alongside former U.S. President Donald Trump. TSMC,...

4 March 2025

European car manufacturers have been granted an additional two years to meet their CO2 emission reduction targets. European Commission President Ursula von der Leyen confirmed the proposal, extending the deadline from one to three years. Companies are still required to reduce their CO2 emissions, and previously announced fines will remain in place if models continue to exceed emission limits from 2027. Von der Leyen stated, “Companies must meet...

3 March 2025

Broadcom is currently experiencing a significant surge following the recent announcement of a 28% increase in fiscal Q4 profit. The company’s revenue growth has been accelerating for four consecutive quarters, with a 51% rise to $14 billion. A key driver of this impressive growth is the company’s AI revenue, which has more than tripled from fiscal 2023, reaching $12.2 billion. CEO Hock Tan is highlighting that Broadcom is...

1 March 2025

Adidas is placing increased focus on the U.S. market as it seeks to strengthen its position against its key competitor, Nike. With growing uncertainty around consumer demand in China, many global brands are turning their attention to American shoppers for growth opportunities in 2025. Under the leadership of CEO Bjorn Gulden, has made significant strides since severing ties with rapper Ye and discontinuing the Yeezy sneaker line in...

28 February 2025

Dell Technologies has forecasted a robust annual profit, surpassing expectations due to strategic cost reductions and increased demand for its AI-optimized servers. These servers, equipped with advanced Nvidia chips, meet the high computational demands of training large language models such as those used in chatbots like ChatGPT. This has spurred interest from various companies, enhancing Dell’s competitive position in the AI server market alongside rivals like Super Micro...

27 February 2025

Tim Hoettges, the CEO of Deutsche Telekom, has called on Germany’s incoming government and Europe to take a leading role in the development of artificial intelligence (AI) and data centers to compete with the U.S. and Asia. Recently, Chinese startup DeepSeek caused a significant sell-off in global equities markets by introducing an affordable AI reasoning model that surpassed many Western competitors. DeepSeek is now rushing to release a...

26 February 2025

Stellantis updates its financial forecasts, anticipating a return to profitable growth and positive cash generation in 2025. The company expects positive revenue growth, a single-digit positive operating income margin, and positive industrial cash flow, reflecting both the initial phase of commercial recovery and high sector uncertainties. In 2025, Stellantis will launch ten new models. Stellantis confirms the arrival of a new CEO by the first half of 2025....

26 February 2025

Global trade experienced significant growth last year, a stark contrast to the over 1 percent decline seen the previous year. Unfortunately, this trend did not extend to the Eurozone, which saw both imports and exports contract. According to the World Trade Monitor, there was notable trade growth in emerging economies in Southeast Asia and Latin America. China significantly boosted its exports of electric vehicles, batteries, and solar panels,...

26 February 2025

Nvidia’s stock took a hit, falling 2.8% on Tuesday after reports surfaced about the Trump administration’s plans to tighten US export rules for the chip sector, aimed at limiting China’s progress in AI technology. The proposed measures include sanctions on specific Chinese companies and further restrictions on international firms maintaining semiconductor equipment in China. This news follows the recent introduction of cost-efficient AI models by Chinese firm DeepSeek,...

25 February 2025

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