In an effort to benefit from tax, South Korea’s Hyundai Motor Group and LG Energy Solution Ltd said on Friday that they will construct a $4.3 billion electric vehicle (EV) battery facility in the United States. To be eligible for up to $7,500 in tax credits under the Inflation Reduction Act (IRA), purchasers of manufacturers’…
Apple announces multi-billion dollar deal with Broadcom to develop 5G radio frequency components in U.S. According to a press statement from Apple CEO Tim Cook, “We’re thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing.” On Tuesday morning, shares of Broadcom were up about 3%. Shares of Apple were…
Meta has built custom computer AI chips to help with its artificial intelligence and video-processing tasks and is expressing about chips openly in the public for the first time. The social networking company revealed its internal silicon chip projects for the first time to reporters recently. Although it is costly for a Meta to design and…
OpenAI launched a ChatGPT iPhone application on 18th May. CTO of OpenAI Mira Murati said that an Android version of ChatGPT is coming soon. The application is the first official mobile app for ChatGPT. OpenAI says, “The app can answer questions such as, “what are unique custom birthday gifts ideas for my coffee-loving mom” or explain how to…
