Industrial Innovations

24 Jan 2025

Rivian says other automakers 'knocking on door' about tech from VW joint venture

A joint venture between U.S. electric pickup and SUV maker Rivian and Volkswagen is in talks with other automakers about supplying their software and electrical architecture, a senior Rivian executive said on Thursday.

OpenAI, SoftBank each commit $19 billion to Stargate AI data center, the Information reports

23 Jan 2025

OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday.

Taiwan's HTC to sell part of XR unit to Google for $250 million

23 Jan 2025

Taiwan’s HTC said on Thursday it will sell part of its unit for extended reality (XR) headsets and glasses to Google for $250 million and transfer some of its employees to the U.S. company.

Hyundai launches $18,000 EV in Japan to penetrate EV-wary market

10 Jan 2025

South Korea’s Hyundai Motor said on Friday it would introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local giants with established petrol and hybrid vehicle technologies.

Dubai developer DAMAC signs $1 billion deal with blockchain platform MANTRA

10 Jan 2025

MANTRA, a blockchain platform focused on real-world assets (RWAs), has signed a deal with Dubai developer DAMAC Group to tokenise assets in the Middle East worth at least $1 billion, the two firms said on Thursday.

09 Jan 2025

Honeywell, NXP Semiconductors expand partnership to develop aviation technology

Honeywell and NXP Semiconductors will expand their partnership to develop AI-driven technology for aviation and autonomous flying, the companies said on Wednesday.

Aurora shares jump after deal with Nvidia, Continental to deploy self-driving trucks

08 Jan 2025

Aurora Innovation’s shares rose 35% on Tuesday after the self-driving technology developer announced a long-term deal with Nvidia and Germany’s Continental to deploy driverless trucks.

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

08 Jan 2025

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services (AWS), plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies.

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

07 Jan 2025

Samsung Electronics, the world’s top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia’s strong demand for AI chips.

China's Xpeng plans to hire more than 6,000 workers in 2025

03 Jan 2025

Chinese electric vehicle maker Xpeng will hire more than 6,000 workers in 2025, founder and CEO He Xiaopeng said on Tuesday.

Bain and KKR battle for Fuji Soft heats up as Bain goes hostile

18 Dec 2024