LGES slashes sales targets due to weak EV demand and US election risks, opting to scale back expansions and maximise current capacity. Despite the challenges, LGES shares have seen a rebound, jumping 4.2%. Shares in LGES rival Samsung SDI rose 3%, and SK Innovation, which owns battery maker SK On, gained 1.2%.
Author: Elodie Qian
Elodie Qian
Elodie Qian is an intern reporter at BTW Media covering artificial intelligence and products. She graduated from Sichuan International Studies University. Send tips to e.qian@btw.media.
CRED has unveiled CRED Money, designed to assist India’s affluent to manage their finances and obtain a clearer picture of their cash flow. Utilising India’s account aggregator framework, the feature analyses users’ transactions through data science algorithms to provide financial insights and identify spending patterns and investment opportunities.
Nvidia has approved Samsung’s HBM3 chips for use in its H20 GPU, designed for the Chinese market and compliant with U.S. export controls. Samsung is still undergoing testing for Nvidia’s fifth-generation HBM3E chips, with the current approval limited to the HBM3 variant.
A disaster recovery plan requires requires team formation, clear objectives, infrastructure mapping, solution selection, and ongoing review. A disaster recovery plan is essential for business continuity, ensuring operations and data are protected against crises through a structured response and recovery strategy.
Essential elements include a detailed asset inventory, risk assessment, and clear RTO and RPO objectives for efficient data recovery. A robust plan also encompasses effective communication strategies, partner and vendor coordination, comprehensive backup solutions, defined roles, and regular testing to maintain business resilience.
Eight phases are prevention, preparation, identification, response, recovery, business continuity, post-recovery and continuous improvement. The necessity for continuous plan enhancement is highlighted, stressing regular updates for technological and regulatory alignment to maintain business resilience.
Microsoft has unveiled Bing generative search, a new feature that aims to rival Google’s AI-powered search capabilities. This feature is supported by a combination of AI models, which gather and summarise information from the web in response to search queries.
EV chargers are classified as Level 1, Level 2 and Level 3, each with different charging speeds and power requirements. Choosing the Right Chargers involves considering charging speed requirements and usage habits to enhance the EV charging experience.
An EV charger is a device that pulls electrical current from a power source and delivers it to an EV, ensuring the battery remains charged. EV chargers are classified as Level 1, Level 2 and Level 3, each with different charging speeds and power requirements.
The good news for EV owners is that electric chargers are indeed designed to be universal and user-friendly as technology advances. Ensuring secure and efficient charging, the evolution of EV infrastructure paves the way for a promising future in sustainable transport.
Musk didn’t address a steering wheel’s presence in Tesla’s robotaxi during an earnings call, prompting speculation on its development status. Tesla faces regulatory challenges, including the need for potential FMVSS exemptions for deploying vehicles without traditional controls, similar to other autonomous vehicle companies.
Byju Raveendran, the founder of the Indian education technology firm Byju’s, faces a court-ordered insolvency process for his ed-tech giant. Byju’s has experienced a dramatic drop in valuation from $22 billion to under $2 billion, leading to insolvency proceedings that risk thousands of jobs.