The automotive industry has long been aware of the fact that a car loses value as soon as it is driven off the lot. However, the rapid depreciation of electric vehicles is taking this concept to a whole new level. According to a recent study by iSeeCars.com, the average price of a 1- to 5-year-old
Enterprise
SK Hynix, a major player in the memory chip industry, recently announced its plan to invest $3.87 billion in its first chip packaging facility in the United States. This move is seen as a significant win for the Biden administration’s initiatives to bring chip manufacturing back to American soil. The project, based in West Lafayette,
Uber Eats has taken a significant step forward in the realm of food delivery by partnering with Waymo to introduce autonomous deliveries in the Phoenix metropolitan area. This new service, set to launch on Wednesday, signifies a major milestone in Uber’s collaboration with Waymo, as they aim to revolutionize the way food is delivered to
In the first quarter of 2024, Tesla faced a myriad of challenges that impacted both its production and deliveries. The decline in volumes was attributed to various factors, such as the early phase of the production ramp of the updated Model 3 at the Fremont factory. Additionally, factory shutdowns occurred due to shipping diversions caused
Samsung’s ambitious plans to integrate generative artificial intelligence technology with its voice assistant, Bixby, demonstrate the company’s commitment to staying ahead in the competitive tech industry. Since the launch of Bixby in 2017, Samsung has continuously sought ways to enhance the functionalities and capabilities of its voice assistant to provide a more immersive and intuitive
AT&T recently revealed that they are currently investigating a data breach that occurred two weeks ago. This breach resulted in millions of customers’ data being published on the dark web, a secretive part of the internet that requires special software to access. As a response, AT&T has reset the passcodes of 7.6 million affected current
The electric vehicle market in Europe is seeing a significant shift with a notable increase in the presence of China-made electric vehicles (EVs). According to a recent policy analysis, China-made EVs are projected to account for more than a quarter of all EV sales in Europe this year, marking a substantial increase from the previous
In an effort to combat the increasing number of scams in the financial services industry, Britain’s Financial Conduct Authority (FCA) has released guidelines for financial services companies and social media influencers regarding the use of memes in advertising cryptocurrencies and other investments. The FCA emphasized that all marketing materials, including memes, should be fair, clear,
The recent settlement between Andy Bechtolsheim and the SEC has sparked conversations about insider trading and the consequences that come with it. Bechtolsheim, a prominent figure in the tech industry as the co-founder of Sun Microsystems and Arista Networks, found himself in hot water due to his involvement in an insider trading scheme related to
Tesla, the prominent American electric vehicle manufacturer, is facing stiff competition in the global market, especially in China, where local automakers are gaining momentum. One notable competitor that has emerged as a major player is BYD, backed by Warren Buffet. In the fourth quarter of 2023, BYD surpassed Tesla to become the world’s leading electric