Nikola Corporation (NKLA.O), once hailed as a promising electric vehicle (EV) manufacturer, has filed for Chapter 11 bankruptcy protection. The move comes as the company faces significant challenges, including poor market demand, rapid cash depletion, and mounting financial pressures. Nikola now plans to sell its assets as part of an effort to wind down its operations, joining other EV startups…

After a three-year hiatus, Apple has finally introduced its latest entry-level smartphone, the iPhone 16e, marking the replacement for the iPhone SE. The new model, priced at $599, offers a blend of cutting-edge features, including Apple’s own A18 chip and Apple Intelligence, making it the most affordable AI-equipped iPhone by $200. The iPhone 16e mirrors the iPhone 14 in design,…

Amazon has officially announced that its Appstore will no longer be available on Android devices as of August 20, 2025, marking the end of an ambitious attempt to challenge Google’s Play Store. After this deadline, apps downloaded from the Amazon Appstore “are not guaranteed to operate” on Android hardware. However, the platform will remain functional on Amazon’s own devices, including…

IBM has taken a bold step toward workforce reduction through what is being described as a "soft layoff" strategy for its Finance & Operations business unit. Instead of the typical, formal layoffs, the company has begun mandating employees to relocate closer to two designated hubs in Raleigh, North Carolina, or Poughkeepsie, New York, or face severance packages. AI-Driven Downsizing: The…

Honda and Nissan have officially called off their planned merger discussions, ending a potential deal that would have made them the third-largest carmaker in the world. The two Japanese automotive giants confirmed on February 13 that they had decided to terminate the memorandum of understanding (MOU) signed in December for a potential business integration. Honda’s Proposal Shakes the Deal The…

YouTube has officially transitioned from a digital video platform to the centerpiece of home entertainment. In its 20th year, the company announced that TV has surpassed mobile as the primary device for YouTube viewing in the U.S.—a major shift that underscores the platform’s evolution into the new face of television. A New Era of Television For the past two years,…

Apple’s holiday quarter has always been a stronghold for earnings, and the final three months of 2024 set a new benchmark. The Cupertino giant reported all-time high revenues of $124.3 billion, marking a 4% year-over-year increase. Net income also surged to $36.3 billion, driven by robust sales across key global markets, including the Americas, Europe, Japan, and the Rest of…

Google has significantly revised its AI principles, sparking widespread discussion about its shift in stance regarding the use of AI in military and surveillance technologies. First established in 2018, these guidelines have long been lauded for their commitment to ethical AI development. However, in a recent update, the tech giant has removed critical pledges that once assured the public it…

Samsung’s executive chairman, Jay Y. Lee, has emerged victorious in a legal battle that has lasted nearly a decade. On Monday, South Korea's Seoul High Court upheld a previous acquittal of Lee, clearing him of charges related to stock manipulation and accounting fraud over a controversial 2015 merger. The ruling marks the end of a long chapter of legal challenges…

Audi's Brussels Plant to Shut Down in 2025In a move that has sent shockwaves through the European automotive industry, Volkswagen’s Audi has announced that it will cease production at its Brussels plant by February 2025. This decision, driven by declining electric vehicle sales and high structural costs, will see the Q8 e-tron SUV’s production shift to Mexico. The closure leaves…

Subaru recently faced a major cybersecurity breach, as security researchers discovered vulnerabilities in the company’s Starlink vehicle connectivity system. The flaws, which have now been patched, allowed unauthorized access to sensitive vehicle data, including real-time location tracking, remote control functionality, and personal customer information. The findings raise significant concerns about the security of modern connected vehicles and the broader risks…

The global AI race is no longer a mere technological contest—it has evolved into a high-stakes competition shaping economic dominance, military superiority, and global influence. As the U.S. and China accelerate their AI ambitions, a new initiative, OpenAI’s Stargate, has emerged as a potential game-changer. But can it truly shift the balance of power? The AI Arms Race: A Battle…

Meta has officially kicked off its ad testing on Threads, despite the app not yet reaching the billion-user milestone it had initially targeted. The test will begin with a select group of advertisers in the U.S. and Japan, marking a major step in the app's monetization strategy. Threads, which now boasts 300 million active users, is starting to introduce ads,…

Amazon's ambitious drone delivery program has hit a significant snag, as the company halts operations in Texas and Arizona following two drone crashes in December. According to Bloomberg, the incidents involved the next-generation MK30 drones, which are designed to improve on their predecessor, the MK27, with greater range and reduced weight. The crashes, occurring during test flights at the Pendleton,…

Lenovo maintained its position as the global leader in PC shipments, shipping 61.8 million units and capturing a 23.5% market share, according to IDC’s latest report. While overall global PC shipments saw modest growth of 1%, a significant shift in market dynamics emerged, with Apple making impressive gains in market share, fueled by a 17.3% increase in shipments. Modest Growth…