Alibaba prepares for an IPO in Hong Kong
Listing could happen as early as the end of 2023. The first of the six business divisions of the Chinese internet company’s Alibaba Group Holding Ltd., Cainiao Network Technology Co.,…
Toyota sales recovered by improved deliveries.
February Toyota results As the Japanese carmaker recovers from a shortage of automotive semiconductors and a protracted outage caused by the coronavirus epidemic, Toyota Motor Corp. said that global production…
SoftBank shares soar
Shares are up 6.2% after the e-commerce collapse in China. After Alibaba Group Holding Ltd. announced the division of its business into six pieces, SoftBank Group Corp. shares surged in…
The FTC Considers Competition in AI
AI should not become another site for large companies. To prevent major technological platforms from controlling the industry, the US Federal Trade Commission is closely monitoring advancements in artificial intelligence.…
The redemption of Circle USDC rose.
Redemption continues to far exceed coin issuance. Even after the company has returned deposits that were entangled in the SVB crisis, customers are still redeeming the Circle USDC Coin stablecoin…
The next frontier of generative AI is video.
A simple prompt can generate a three-second video. With still photographs, AI has come a long way. A startup company by the name of Runway AI Inc. now produces videos…
VW will launch an electric car for 20,000 euros.
The automaker is looking for a mass-market electric car. A more affordable entry-level electric vehicle will be offered by Volkswagen AG for 20,000 euros ($21,340). The ID.1 model should debut…
Electric vehicles offset weaker growth.
Slower demand amid higher interest rates Because of the sales of its most costly vehicles and the counterbalancing effect of reduced pricing for entry-level luxury models, BMW AG anticipates 2023…
Google launches additional AI features
To outpace competitors like Microsoft Corporation and startup OpenAI, Google has unveiled new AI-powered services for its cloud computing customers. To entice AI firms to use their platforms, cloud computing…
Volkswagen will build a battery plant in Canada.
Canada offers access to raw materials and clean energy. Volkswagen AG has decided to construct its first battery facility outside of Europe in Canada to hasten growth in the crucial…