Reported about 4 hours ago
Honda plans to double the driving range of its electric vehicles by the late 2020s through the adoption of all-solid-state batteries, which are expected to significantly outperform current lithium-ion batteries. According to Keiji Otsu, head of Honda R&D, these new batteries could increase driving range twofold by the end of the decade and more than two and a half times by the 2040s. The company is investing heavily in a pilot production line while setting ambitious production and sales goals for electric vehicles in the coming years.
Source: YAHOO
Reported about 4 hours ago
Nvidia's revenue forecast has disappointed Wall Street, raising concerns about a potential slowdown in the AI boom; however, the company insists that demand for its chips remains exceptionally strong despite ongoing supply chain constraints. The new Blackwell chip faces production issues and design flaws that have complicated manufacturing, prompting Nvidia executives to predict that demand will outpace supply for several quarters. As TSMC works to expand production capacity, Nvidia's ability to meet the high demand for its advanced chips remains uncertain.
Source: YAHOO
Reported about 4 hours ago
Zomato's CEO Deepinder Goyal has stirred controversy by offering a chief of staff position that requires candidates to pay a fee of $23,700 instead of receiving a salary in the first year. Goyal claims the role offers unparalleled learning opportunities, suggesting it could be more beneficial than a degree from a top management school. Although the role promises a salary of at least $60,000 from the second year, the unusual conditions have sparked mixed reactions, with some praising the opportunity while others criticize the financial barrier it imposes on aspiring candidates.
Source: YAHOO
Reported about 4 hours ago
Kioxia, backed by Bain Capital, is projected to have a market value of approximately 750 billion yen ($4.84 billion) ahead of its upcoming IPO, set to receive approval from the Tokyo Stock Exchange. This marks a significant shift, as Kioxia, formerly Toshiba Memory, adapts to new listing regulations in Japan while aiming for a fundraising boost in a capital-intensive industry.
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
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Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Nvidia reported impressive third-quarter results, with revenues reaching $35.08 billion, up 94% from last year, and profits more than doubling. The demand for AI chips, particularly the upcoming Blackwell graphics processors, remains strong, with expected fourth-quarter revenues of around $37.5 billion. Analysts note that the appetite for these chips highlights Nvidia's pivotal role in the AI industry, with ongoing production constraints expected to drive significant demand in the upcoming quarters.
Source: YAHOO