Waymo, a unit of Alphabet, has received approval from the California Public Utilities Commission to expand its robotaxi services to parts of Los Angeles and the Bay Area. The approval granted Waymo the permission to begin fared driverless passenger service operations in specific areas, as announced on the regulator’s website. In mid-February, Waymo submitted a
Enterprise
Elon Musk recently filed a lawsuit against Microsoft-backed OpenAI and its CEO, Sam Altman, claiming that the company has strayed away from its initial mission of developing artificial intelligence for the benefit of humanity. Musk, a co-founder of OpenAI in 2015, decided to step down from the board in 2018 due to his concerns about
Semiconductor firms like Taiwan Semiconductor Manufacturing Company (TSMC) are facing a looming risk of water shortages due to the advancement in processing technology. The chip manufacturing industry, driven by companies like TSMC, plays a vital role in producing semiconductor chips that power everyday consumer devices such as smartphones and TVs. As these companies strive to
Honor, a Chinese technology firm, is set to break into the vertical-folding smartphone market with the launch of a foldable flip phone. This move is part of Honor’s strategy to challenge major players like Samsung and Apple in the premium segment of the market. The CEO of Honor, George Zhao, recently revealed this development in
Samsung Electronics recently announced a groundbreaking development in the semiconductor industry with the introduction of a new high-bandwidth memory chip. This new chip, known as HBM3E 12H, is touted as having the “highest capacity to date” in the market, marking a significant advancement in memory technology. According to Yongcheol Bae, executive vice president of memory
Motorola, a subsidiary of Lenovo, unveiled a groundbreaking concept at the Mobile World Congress in Barcelona, Spain. This concept involves a bendable smartphone that has the potential to revolutionize the way we interact with our devices. While this product is still in the experimental phase and may never make it to market, it showcases the
Unity Software saw a drastic 17% drop in its shares during after-hours trading following the release of weaker-than-expected guidance for the current quarter. Despite posting earnings per share of a loss of 66 cents, which was not in line with the analyst’s prediction of a 46-cent loss, the company’s revenue of $609 million exceeded expectations
Grab, the Southeast Asian ride-hailing giant, recently announced its first-ever profitable quarter, reporting a profit of $11 million in its fourth-quarter earnings report. This marks a significant turnaround from the $391 million loss recorded in the same period a year ago. The company attributed this boost in profitability to improvements in Group adjusted EBITDA, fair
The recent earnings report from U.S. chip design firm Nvidia has sent shockwaves through the semiconductor industry. Nvidia exceeded Wall Street’s expectations for fourth-quarter earnings and revenue, leading to a significant rally in artificial intelligence and semiconductor chip stocks. Notably, Nvidia projected “continued growth” in 2025 and beyond, setting a positive tone for the industry
Arc Boat Company, a startup dedicated to electrifying boating for sports and leisure, has recently introduced its second electric boat model called the Arc Sport. Priced at $258,000, the Arc Sport is designed for wake sports enthusiasts and aims to compete with high-end models offered by established traditional boat makers. This new model is a