Technology

BLOOMBERG Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple Inc supplier’s factory as soon as August, marking the first time a local company would move into the assembly of iPhones, according to people familiar with the matter. A takeover of the Wistron Corp factory in southern Karnataka state, potentially valued at more than $600 ...

BLOOMBERG Apple Inc is planning a retail launch of its Vision Pro headset with appointments and in-store promotion in select US markets early next year, underscoring the niche and complex nature of the mixed-reality device. The company will designate special areas in the stores with seating, headset demo units and tools to size accessories for buyers. While the device will ...

BLOOMBERG It is still early days, but Meta Platforms Inc’s latest app, Threads, could generate some serious cash for the social media giant in the next couple of years, according to Evercore ISI. Threads will reach close to 200 million daily active users and generate about $8 billion in annual revenue over next two years, Evercore ISI analysts led by ...

BLOOMBERG Samsung Electronics Co reported its worst decline in quarterly revenue since at least 2009, stoking uncertainty over when a year-long electronics and memory chip demand slump will end. The stock slid 2.4% in Seoul, the most in three months, after Samsung reported a larger-than-anticipated 22% decline in sales to 60 trillion won ($46 billion). Operating profit plunged 96% in ...

BLOOMBERG Electric vehicle (EV) sales growth, while still brisk, has begun to slow in the US as inventory of battery-powered models piles up on dealer lots. Sales of plug-in models grew by nearly 50% in the first half of the year, according to data from researcher Motor Intelligence. That’s less than the 65% growth rate for all of 2022 and ...

BLOOMBERG Since Meta Platforms  launched Threads, millions of users have joined the new social platform that promises “positive, productive conversations” — an apparent swipe at the divisive rhetoric that is common on Twitter and other sites. That promise will be more difficult to keep as the app’s popularity grows — it’s so far drawn 70 million users. That early adopter ...

BLOOMBERG Rivian Automotive Inc is ready to take on more commercial partners beyond Amazon.com Inc after a recent bout of production success. “What we saw in Q2 is really the beginnings of the supply chain now running in a healthy way,” Chief Executive Officer RJ Scaringe said in an interview with Bloomberg Television. Rivian sells a consumer pickup truck and ...

BLOOMBERG Meta Platforms Inc’s Instagram officially unveiled Threads, an app designed as a direct rival to Twitter, launching the most serious threat yet to Elon Musk’s struggling social-media site. On Threads, people can post text and links and reply to or repost messages from others. The app will let users port over their existing follower lists and account names from ...

BLOOMBERG  The snake and armadillo-filled scrublands of Northeastern Brazil’s Serra da Babilonia, or Hills of Babylon, are as stunning as a first-rate national park. It’s here where renewable energy is transforming Brazil, and where the country’s green hydrogen economy is getting off the ground. Wind developer Casa dos Ventos just installed 80 turbines. The towers churn out enough power for ...

HOHHOT / WAM As it pledges to peak its carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, China is striving to establish green and low-carbon data centres with higher computing efficiency while less power consumption, according to China’s state-run news channel, CGTN. A development research report on green computing was released by the China Academy of Information ...