Tesla Plans a US$3.6 Billion Expansion to Nevada for Semi Truck and Battery Cell Production

On January 24, 2023, Tesla announced its plan to take a step in the direction of expansion. The plan involved investing more than US$3.6 billion to expand its Nevada Gigafactory complex with two new factories. One of these factories is finally going to be the site for the mass production of its long-delayed Semi electric …

Microsoft’s Cloud Business Stays Strong Despite Trying Times

Recently, Microsoft posted results that shed some positivity in light of the weak economy, thanks to the cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The stable results that the company posted helped soothe the fears the tech giants had about their …

Banks Join Hands to Create a Digital Wallet in a Bid to Up the Competition

Several banks, including Bank of America and JPMorgan Chase, are collaborating to bring forth a payment wallet that gives other players in the market a run for their money. In a bid to compete with Apple Pay and PayPal, the works for a digital wallet that links with debit and credit cards are in motion. …

Smart Transportation Conference 2023 – Virtual Event

CIOCoverage is an official Media Partner with Smart Transportation Conference starting from May 9th 2023. Uncover the next industrial revolution which drives the path for smart tools to build a flexible transport network and net zero emission technology at Smart Transportation Conference 2023. Smart Transportation Conference 2023 is hosted by PTN Events, the leading organizer …

FinTech & Emerging Payment Systems 2023 – 7th Annual Legal, Regulatory and Compliance Forum

CIOCoverage is an official Media Partner with FinTech & Emerging Payment Systems starting from April 18th 2023. Join American Conference Institute at the 7th Annual Legal, Regulatory and Compliance Forum on FinTech & Emerging Payment Systems on April 18-19, 2023 in New York! Gain key insights into the hurdles arising amid extraordinary market expansion and …

Tesla Slashes Prices by 20% to Push Demand

Tesla vehicles in the United States are now relatively more affordable after the company reduced its prices by 20%. To increase sales, the automotive company incorporated the change two weeks into 2023. The price cut swings between 6% to 20% for Model 3 and Model Y SUVs. Tesla also implemented the new price chart in …

Israel’s StoreDot to Assist Italvot with Battery Technology

The Italian electric vehicle battery maker announced their decision to license fast-charging battery technology from Israeli startup StoreDot on Monday. Through this deal, the company plans to manufacture lithium-ion batteries in Italy. Italvolt is said to procure a minimum and yet undisclosed amount of batteries produced at their plant for StoreDot’s business. This agreement is …

Breast Imaging in Singapore Sees New Future with Seno Medical and Genetik

Groundbreaking diagnostic technology will be introduced to Southeast Asia, starting with Singapore, through the latest Seno Medical and Genetik agreement. The exclusive distribution deal signed by the US-based company is for the former’s Imagio Opto-Acoustic/Ultrasound (OA/US) Breast Imaging System. Such an agreement is a first for Seno and Genetik will market, sell, and service the …

Apple CEO Tim Cook’s Compensation to Decrease by 40%

Apple Inc. is in the midst of incorporating adjustments to make room for CEO Tim Cook’s pay. Tim Cook has asked for a 40% cut in his pay compared to the previous year. Per Apple’s regulatory filing in early 2023, Cook aims to reduce his compensation to $49 million this year, combining a $3 million …

Aspartame Paving Way to Anxiety, Recent Studies Show

Aspartame has been the focus of numerous studies as researchers need to know more about the safety and effects of this artificial sweetener. A Florida State University looked into the potential impact of aspartame on anxiety and found that mice that consumed aspartame exhibited anxiety-like behavior afterward and presented changes in the expression of genes …