Tesla’s head of the Cybertruck program Siddhant Awasthi announced his departure after more than eight years with the company. He oversaw the electric truck from engineering phase through large-scale production and also led the Model 3 program.
AXT just reported Q3 revenue of $28 million, far exceeding its $19-21 million guidance. The surge came after China granted export licenses for indium phosphide materials crucial for AI data centers. Indium phosphide revenue jumped 250% to $13.1 million as global demand for optical connectivity explo
DeepSeek’s senior researcher Chen Deli warned that AI will eventually replace most human work, outlining a three-stage framework for how companies should respond. His comments come amid growing global concern about AI’s trajectory and social impact.
DBS has upgraded its Joy chatbot with generative AI capabilities, and the results are impressive. The virtual assistant handled over 120,000 unique chats since February while boosting customer satisfaction scores by 23%. The bank is now planning to expand the service beyond Singapore.
The ransomware crisis is escalating with average demands reaching $1 million. Change Healthcare’s devastating breach shows what happens when detection and response capabilities fail. CISOs are turning to external partners to bridge critical gaps.
UK cyber insurance claims tripled to £197 million in 2024, with ransomware attacks now accounting for 51% of all claims. The surge comes as hackers target everything from luxury retailers to critical infrastructure using increasingly sophisticated methods.
Sequoia Capital’s global leader Roelof Botha was pushed out in what insiders describe as a palace coup. The move follows missed AI bets, internal dissent, and a major Islamophobia scandal that cost the firm its Muslim COO. Now the VC giant faces a reckoning over its “institutional neutrality” stance
The head of the world’s largest car carrier says Chinese automakers have shifted from cost leaders to technology innovators. European brands face shrinking sales in China, sluggish home demand, and higher US tariffs while Chinese exports surge.
Keith Riegert, CEO of Ulysses Press, told industry leaders there are only two AI futures: mass unemployment or economic collapse. While admitting he’s “not very happy that AI is here,” his company partnered with OpenAI and requires all employees to use ChatGPT for at least an hour daily. He demonstr
Both major shipping companies are taking their MD-11 aircraft out of service after Tuesday’s deadly crash in Kentucky. The decision comes at Boeing’s recommendation as investigators piece together what caused the accident.
