Panasonic Holdings' stock has more than doubled this year, giving it a record market valuation of ¥11.5 trillion ($71 billion), driven by rising demand for electronic components and batteries used in …
South Korea's approval of single-stock leveraged ETFs on Samsung and SK Hynix triggered a $6 billion forced selling event on June 23, wiping nearly 10% off the Kospi and sending Nasdaq futures tumblin…
The Federal Trade Commission fined Amazon $2.25 million for violating the Fair Credit Reporting Act by failing to provide identity theft victims with records of fraudulent purchases and refusing to re…
Ford admitted its AI-driven quality push fell short and hired over 350 veteran engineers over three years to fix costly quality problems. The automaker concluded AI alone could not deliver expected im…
Schneider Electric acquired Norwegian industrial AI company Cognite for $3.1bn in cash, aiming to integrate its data and AI platform into its Aveva software unit. The deal positions Schneider to lead …
Google co-founder Sergey Brin sold his stake in a New York real estate fund for six cents on the dollar, highlighting the financial pain facing landlords in the city due to rising costs and strict ren…
Ford Motor Co. reduced new-car problems by 21% after hiring 350 veteran engineers to fix quality issues that arose when the company relied too heavily on artificial intelligence. The automaker ranked …
Uber exhausted its entire 2026 AI coding budget within four months, highlighting the challenge of consumption-based AI costs that are difficult to forecast and attribute. The company's COO noted the d…
South Korean President Lee Jae Myung nominated Han Seong-sook, currently minister of SMEs and startups, as prime minister nominee, citing her IT and startup experience as suited to lead an 'AI transfo…
SpaceX's record-breaking $86 billion IPO left Mirae Asset Securities Co., a South Korean brokerage, with zero stock allocation due to a misunderstanding over order submission. Mirae treated an early i…
Taiwanese authorities raided Supermicro's Taiwan office and eight other locations as part of a U.S. federal probe into alleged AI chip smuggling to China, signaling a potential shift in Taiwan's enfor…
Ford Motor Co. is rehiring about 350 veteran engineers, including former employees, after its AI-based quality systems failed to meet expectations. The automaker's executives acknowledged that they mi…
Ford Motor Company admitted that AI could not fix its quality control issues and rehired 350 experienced engineers, known as "gray beards," to improve vehicle quality. The automaker credited these vet…
Ford has rehired approximately 350 experienced engineers after its investment in AI and automated quality control systems failed to meet expectations, with the technology not detecting enough problems…
Ford rehired 350 veteran engineers after realizing overreliance on AI caused reliability issues, leading to billions in warranty costs. The human experts helped Ford achieve the top spot in the 2026 J…
Ford Motor Company has hired 350 veteran engineers, internally called 'gray beards,' over the past three years to mentor junior staff and improve AI tools, citing that AI is only as good as the traini…
Ford Motor Company has rehired more than 300 veteran quality inspectors after its AI-powered quality checks failed to meet expectations, according to company executives. The automaker acknowledged tha…
Millennium Management, a $70 billion hedge fund, is launching its own AI lab within weeks, led by veteran researcher Vaibhava Goel from IBM Watson. The lab aims to accelerate access to cutting-edge AI…
Apple plans to release a Mac Studio M7 Ultra in 2028 with improved cooling, skipping the M6 Ultra, according to Bloomberg's Mark Gurman. An M5 Ultra model is still expected this year, but supply issue…
Millennium Management, a $70B+ multi-strategy hedge fund, is establishing an AI laboratory to enhance technology development and deployment. The firm has hired Gideon Mann as Global Head of AI and Vai…