By Solomon Alaka Artificial intelligence (AI) is rapidly advancing in the automotive sector, promising to revolutionize not only the driving experience but also the entire infrastructure of vehicle safety, performance, and user interaction. As AI applications continue to mature, 2024 is expected to be a milestone year, with AI software spending surpassing $1 billion globally, […]
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In a significant move to bolster domestic electric vehicle (EV) infrastructure and lithium-ion battery production, the U.S. government has approved a $7.5 billion loan to StarPlus Energy, a key player in the EV sector. This funding will support the establishment of advanced battery manufacturing plants in Indiana, aiming to enhance U.S. production capacity and reduce […]
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At Lenovo’s Tech World 2024, the company, in collaboration with the Scott-Morgan Foundation (SMF), introduced a revolutionary AI-powered communication system designed to assist people living with amyotrophic lateral sclerosis (ALS) and other severe disabilities. The new solution combines cutting-edge technologies, including AI, eye-gaze tracking, hyper-realistic avatars, and personalized voice generation, to enable individuals to communicate […]
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General Motors (GM) has announced plans to sell its stake in the $2.6 billion electric vehicle (EV) battery cell manufacturing plant in Lansing, Michigan, to its joint venture partner, LG Energy Solution (LGES). The Detroit-based automaker expects to recover approximately $1 billion from the sale, which is expected to close in the first quarter of […]
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[ad_1] It’s Power Up Your Donation Week! Right now, your contribution to the Electronic Frontier Foundation will go twice as far to protect digital privacy, security, and free speech rights for everyone. Will you donate today to get a free 2X match? Power Up! Give to EFF and get a free donation match Thanks to […]
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The U.S. Department of Energy has committed to providing up to $7.54 billion in loans to a Stellantis-Samsung SDI joint venture, StarPlus Energy LLC, to build two advanced electric vehicle (EV) battery manufacturing facilities in Kokomo, Indiana. The plants will produce cutting-edge battery cells and modules intended for electric vehicles sold across North America. Upon […]
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Intel Corporation announced on Monday that Pat Gelsinger has retired as CEO, effective December 1, capping nearly four years at the helm of the semiconductor giant. His departure follows a period of significant challenges for the company, including losses in market share, a declining stock price, and ongoing struggles to establish a foothold in the […]
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BT Group has signed a significant new contract worth £1.29 billion with the UK’s Home Office, ensuring the continued development and management of the Emergency Services Network (ESN) for the next seven years. The deal, which takes effect on December 2, 2024, will see BT provide critical mobile services for the nationwide communications network used […]
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Black Friday 2024 has set a new record for online shopping, with U.S. e-commerce sales reaching an impressive $10.8 billion, according to Adobe Analytics. This marks a significant milestone in the evolution of Black Friday, which has increasingly shifted from in-store shopping to digital platforms in recent years. Record-Breaking Sales Reflect Shifting Consumer Trends The […]
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Virtual Power Plants (VPPs) are reshaping China’s energy market, offering an innovative solution to balancing supply and demand by aggregating decentralized resources, such as energy storage, electric vehicle (EV) charging stations, and renewable energy sources like solar and wind power. This emerging technology not only promotes sustainable energy practices but also provides financial benefits to […]
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