A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility. The S&P 500 index dropped 3.6 percent on Thursday, a day after racing 3.0 percent higher on the Federal Reserve’s monetary policy statement. Over the last five sessions, the index […]
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CATL, the world’s largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries, an investment that would mark the Chinese company’s first production in the world’s second-largest car market, two people with knowledge of the plans told Reuters. Contemporary Amperex Technology Co (CATL) is in […]
The smartification pandemic has massively hit vehicle software intelligence in automotive industry. All areas from car manufacturing to the tiniest component of the resulting vehicle have witnessed an overhaul that rely on artificial intelligence (AI)-based operational optimization. Power delivery, predictive component performance, assistant/autonomous driving are just a few instances exemplifying the radical change in progress. […]
According to a report by Citi GPS, the Metaverse will be worth 8 to 13 trillion dollars, but a major infrastructure investment by tech companies is needed in order to reach this market potential. The entire addressable market for the Metaverse is estimated to be between $8 and $13 trillion, according to Citi’s latest Global […]
The world as we know it is being altered in the way humanity functions in ways we could not have fathomed ten years ago, and the Covid-19 pandemic played a critical role in altering the path the world is marching on. A new technological wave emerged in the past three years, and various tech companies […]
Japan is expected to announce a new defence agreement among several deals with Thailand on Monday during a visit by Prime Minister Fumio Kishida, the last leg of his three-nation tour of Southeast Asia. The agreement, details of which have yet to be disclosed, would facilitate transfers of defence hardware and technology from Japan to […]
The Bahrain Telecommunications Company was established in 1981 as the sole communications service provider in the country. The operator is mostly owned (directly or indirectly) by the Bahraini government with a total of 77 percent (more than 50 percent shared between Mumtalakat holding company and the social insurance organization). However, the telecommunications regulatory authority (TRA) […]
Videogame publisher Activision Blizzard Inc said on Thursday that its shareholders approved Microsoft Corp’s $68.7 billion proposal to buy the “Call of Duty” maker. More than 98 percent of the shares voted at a special meeting held earlier in the day were in favor of the proposed transaction, the Santa Monica, California-based company said. Microsoft […]
Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy’s contraction in the first quarter. The Facebook parent surged 17.6 percent after the social network reported a larger-than-expected profit and rebounded from a drop in users. […]
Mercedes-Benz will use embedded Faurecia-Aptoide technology to power navigation and other vehicle infotainment functions in a crucial win for the app provider against Alphabet Inc’s Google and other technology firms to control car dashboards. The companies said on Thursday that under a multi-year partnership, from 2023 the joint venture between auto supplier Faurecia and independent […]