As China's highly anticipated “Third Plenum” gets underway, there are dire predictions regarding the constraining of the financial sector, especially in light of the country's slowing economic growth. The focus is shifting towards reinforced support for high-tech and manufacturing, areas that are expected to see continued success in the coming years. It is believed that
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The semiconductor industry is currently facing a myriad of challenges in recruiting skilled workers amid a tight labor market. As the competition for talent continues to intensify and funds from the CHIPS and Science Act are allocated to boost domestic production, companies in the industry are finding it increasingly difficult to find qualified individuals to
The U.S. Track & Field Olympic Trials have been witnessing a different breed of athletes this year – unsponsored ones. These 35 athletes are part of Bandit Running's Unsponsored Project, where they defy the traditional sponsorship model by donning all-black, logo-less gear. This initiative challenges the norm where athletes are expected to promote major brands
As of the end of 2023, Apple, Microsoft, Amazon, and Google stood as the leading global brands, dominating the market with their valuable presence. However, a surprising name emerged as a fierce contender in the race for market cap dominance – Nvidia. With a staggering valuation of $3.1 trillion (briefly reaching $3.3 trillion), Nvidia soared
The burgeoning demand for cloud computing and artificial intelligence has propelled Malaysia onto the global data center stage. In recent years, the country has become a magnet for investments from tech giants such as Google, Nvidia, and Microsoft. The city of Johor Bahru, situated on the border with Singapore, has emerged as a focal point
In a surprising move, Nvidia CEO Jensen Huang unveiled the company's next generation of artificial intelligence chips, named “Rubin,” just months after the announcement of the “Blackwell” model. The announcement took place ahead of the COMPUTEX tech conference in Taipei, marking a significant advancement in AI chip technology by Nvidia. With the introduction of Rubin,
Boeing CEO Dave Calhoun is set to meet with the Federal Aviation Administration (FAA) along with other top company leaders to present a quality improvement plan. This plan is aimed at showcasing better staff training and production practices at Boeing's factories. The FAA ordered this report after a near-catastrophic incident involving an airplane door panel
Red Lobster, a well-known seafood chain, recently filed for Chapter 11 bankruptcy protection. This move is part of the company's strategy to reduce its size and attract potential buyers. The company disclosed that it has received a preliminary bid from its current lenders to acquire the business, unless a higher offer is presented. In a
Tesla, the electric-vehicle maker, recently revealed that it is cutting approximately 600 more employees across its manufacturing facilities and engineering offices in Fremont and Palo Alto as part of a major restructuring effort. The latest round of layoffs spanned various departments and roles, impacting factory workers, software developers, and robotics engineers. This move comes in
A recent legal battle between Elon Musk's X (formerly Twitter) and Israel's Bright Data involving data scraping has come to an end with a federal judge in California dismissing the lawsuit. X alleged that Bright Data was scraping data from X and selling it, using measures to avoid anti-scraping technology. The lawsuit also claimed violations
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