General Motors’ Cruise has recently faced a series of setbacks, including layoffs and safety concerns, which have put the future of the robotaxi startup in question. This article will analyze the current state of Cruise and its implications for the company’s future prospects. Cruise announced internally that it will lay off 900 employees, constituting 24%
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Intel recently unveiled its latest line of computer chips, including Gaudi3, an artificial intelligence chip specifically designed for generative AI software. Set to launch next year, Gaudi3 will directly compete with similar chips from leading competitors Nvidia and AMD, both of which currently dominate the market for powerful and energy-intensive AI models. Nvidia’s GPUs are
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European heads of state are bracing themselves for a challenging two-day gathering to address the urgent matter of supporting Ukraine. However, internal divisions within the European Union (EU) are posing significant obstacles to any substantial actions in favor of Kyiv. At this critical juncture, Ukrainian President Volodymyr Zelenskyy has been tirelessly seeking aid in the
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In a decision that was widely expected, the Bank of England announced on Thursday that it will keep its main interest rate unchanged at 5.25%. This decision comes as the central bank aims to maintain a restrictive monetary policy for an extended period of time. Although some members of the Monetary Policy Committee (MPC) argued
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