Chinese EV startup NIO revealed it will trim staff positions by 10% this month to improve profitability. NIO’s CEO, William Li, announced the news in an internal memo Friday, citing “fierce competition” in the EV market.
According to the memo, reviewed by Bloomberg, NIO will trim its staff by 10% in November. Li said “duplicate” and other “inefficient” roles will be cut.
In…
Why the new Lotus electric bike costs almost $25,000
November 3, 2023
Lotus, an automotive company that hasn’t always been known as a leader in economical electric vehicles, is trying its hand at a new electric bicycle. But don’t think this is a sneaky way to get a cheap Lotus, as even the newly announced Lotus Type 136 e-bike costs a…
IDC study: Businesses report a massive 250% return on AI investments
November 3, 2023
A survey of 2,100 global business leaders and decision makers by research firm IDC suggests a new level of momentum around AI investments by businesses, driven by perceived value and excitement around generative AI.
The report, which was commissioned by Microsoft, but…
Midjourney’s new style tuner is here. Here’s how to use it.
November 3, 2023
Midjourney is one of the most popular AI art and text-to-image generators, generating high-quality photorealistic and cinematic works from users’ prompts typed in plain English that have already wound up on TV and in cinemas (as well as on VentureBeat, where we use it along with other tools for article art).
Conceived by former Magic Leap programmer David Holz and launched in the summer of 2022…
Microsoft unveils ‘LeMa’: A revolutionary AI learning method mirroring human problem solving
November 3, 2023
Researchers from Microsoft Research Asia, Peking University, and Xi’an Jiaotong University have developed a new technique to improve large language models’ (LLMs) ability to solve math problems by having them learn from their mistakes, akin to how humans learn.
The…
Fun Is Critical to Making Decentralized Games a Success – Cryptopia CEO Sangho Grolleman – Interview Bitcoin News
November 3, 2023
Sangho Grolleman serves as the CEO of Cryptopia, bringing with him a wealth of experience in the cryptocurrency realm since 2018. He recently joined the Bitcoin.com News Podcast to talk about the decentralized gaming market why making sure games are first and foremost fun to…
How BMW is lowering its diesel truck CO2 emissions by 50%
November 3, 2023
How do you make a long-haul diesel truck emit 50% less CO2 without changing a single thing about it? Sounds like a riddle, right? A new pilot solution embraced by BMW Group Logistik and supplied by partner firm Trailer Dynamics here in Germany, though, can do just that. I spoke with Mo Koellner from BMW and Michael Nimtsch from Trailer Dynamics about this tech on a call earlier in the week.
As to…
Gaming M&A deal count down 60% YoY per Drake Star report
November 3, 2023
GamesBeat Next’s on-demand library is now live! Start catching up on the 30+ sessions you might have missed. Watch Now
In Q3 2023, gaming companies announced 33 M&A transactions worth roughly $5 billion according to Drake Star’s latest report.
DeepMotion launches MotionGPT for text-to-3D animation
November 3, 2023
DeepMotion, a maker of AI-powered motion capture technology, wants to redefine the animation landscape with the launch of MotionGPT.
This tool leverages the power of generative AI to seamlessly transform text prompts into intricate 3D animations, ushering in a new era of…
SAP is gearing up for the age of AI.
At its TechEd conference in Bengaluru, India, the German software major doubled down on its AI efforts and announced a bunch of tools and capabilities to not only boost the productivity of developers but also enable them to build custom AI-powered applications.
It unveiled AI-infused pro-code tools that accelerate application development in different ways and…
