Porsche plans to cut 1,900 jobs in Germany by 2029 as it struggles with slumping EV sales. The luxury sports car maker has already warned of lower profits this year. With plans to reduce its workforce, is Porsche sounding the alarm?
Porsche to cut jobs in Germany as EV sales lag
After announcing last week that it expects profit margins of around 10% to 12% this year, significantly lower than its…
Tesla is being targeted by protests organized at its stores around the globe. The demonstrations planned for this Saturday appear to be a grassroots movement without a clear goal or leadership.
The protestors are calling it the “Tesla Takeover”.
The movement appears to…
Kia teases revealing EV2, EV4 images for the first time ahead of their big debut this month
February 17, 2025
It’s official. We will finally get to see the new Kia EV2 and EV4 later this month for the first time. Kia just previewed several new models from its affordable EV series for the first time ahead of their big debut later this month. The teaser gives us a closer look at…
Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial
February 17, 2025
A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and falsely implied FDIC backing. From 2017 to 2021…
South Korea to Allow Institutional Crypto Trading in H2 2025
February 17, 2025
Starting in the second half of the year, South Korea will allow certain institutional investors, including listed companies, to open virtual asset trading accounts.
Risks of Institutional Participation
South Korea will allow certain institutional investors to open virtual…
Hollywood Hijinks: Crypto Promoter Arrested After Daring Stunt
February 17, 2025
A man was arrested after climbing the Hollywood sign and waving a flag promoting the Vigilante token cryptocurrency.
Vigilante Token Launched in ‘Most Viral’ Way
On Feb. 15, the Los Angeles Police Department confirmed that officers detained a man seen atop the Hollywood…
Deep Research Comes First: OpenAI to Launch O3 for All
February 13, 2025
Earlier this month, OpenAI debuted a new AI agent powered by its upcoming full o3 reasoning AI model called “Deep Research.”
As with Google’s Gemini-powered Deep Research agent released late last year, the idea behind OpenAI’s Deep Research is to provide a largely autonomous assistant that can scour the web and other digital scholarly sources for information about a topic or problem. The…
LLMs Generalize Better with Less Hand-Labeled Training
February 13, 2025
Large Language models(LLMs) can generalize better when left to create their own solutions, a new study by Hong Kong University and University of California, Berkeley, shows. The findings, which apply to both large language models (LLMs) and vision language models (VLMs)…
OpenAI plans to “simplify” its model offerings, even as it prepares to ship its last non-reasoning model, GPT-4.5. This is a rare admission from a tech company that its product releases haven’t been differentiated enough for customers.
OpenAI CEO Sam Altman took to X…
PARIS — Belgium’s new government vows to boost the defense budget over the coming years to ensure the country, notoriously one of NATO’s worst performers on military spending, starts pulling its weight in the alliance.
The government of Prime Minister Bart De Wever plans to set the Belgian defense budget on track to reach current NATO spending targets by 2029, and the coalition agreement…
