Hyundai Motor Group today announced a strategic investment in Tenstorrent, an artificial intelligence (AI) semiconductor company based in Toronto, Canada, which will allow the Group to integrate AI into future Hyundai, Kia and Genesis vehicles, and other future mobilities, including robotics and advanced air mobility (AAM). Hyundai Motor Company and Kia Corporation will invest US$… Continue reading Hyundai Motor Group acquires stake in AI semiconductor firm Tenstorrent
Tag: Strategy
U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024
Prime Minister of Mongolia met and held a press conference with Vice-President Harris today as part of his first official visit to the United States Direct flights between the two countries planned to commence in 2024 Mongolia and the U.S. signing agreements this week to strengthen their bilateral relationship ULAANBAATAR, Mongolia, Aug. 2, 2023 /PRNewswire/… Continue reading U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024
Change in Kamux’s Group Management Team
HAMEENLINNA, Finland, Aug. 2, 2023 /PRNewswire/ — Kerim Nielsen, Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of Kamux Corporation in early 2024. He will continue in his current position at least until December 31, 2023. The recruitment process for his successor will be… Continue reading Change in Kamux’s Group Management Team
Capri Sun to take over sales and distribution from Coca-Cola Europacific Partners in Western Europe in 2024
ZUG, Switzerland, Aug. 2, 2023 /PRNewswire/ — Capri Sun Group Holding AG, the no. 1 kids drink brand in the world, has announced today that it will take back the sales and distribution of its iconic pouch drinks in France, Monaco, Great Britain, Netherlands, Belgium, Luxemburg, Sweden, Spain, and Portugal in 2024, bringing to an… Continue reading Capri Sun to take over sales and distribution from Coca-Cola Europacific Partners in Western Europe in 2024
Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
LEWES, Del., Aug. 1, 2023 /PRNewswire/ — Airalo, the pioneering eSIM marketplace revolutionizing global connectivity, announced today the successful completion of its Series B financing round, raising an impressive $60 million. Led by e& capital, the investment arm of e&, the global technology group, this brings Airalo’s total funding to $67.3 million. Antler Elevate, Liberty… Continue reading Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
A Game Changer in the $700 Billion Electric Vehicle Market
FN Media Group Presents Oilprice.com Market Commentary LONDON, Aug. 1, 2023 /PRNewswire/ — China is the ‘800-pound gorilla’ of global EV supplies, and it dominates this market in every way, including sales. Last year, China’s exports of EVs increased 131.8% YoY to some 680,000 units, based on official data. In the first half of 2023, the Chinese… Continue reading A Game Changer in the $700 Billion Electric Vehicle Market
Hanwha Aerospace Collaborates with Hanwha Ocean to Develop Energy Storage System Technology for Lower Carbon Emissions
SEOUL, South Korea, Aug. 2, 2023 /PRNewswire/ — Hanwha Aerospace today announced a strategic collaboration with Hanwha Ocean, a subsidiary of Hanwha Aerospace, to develop and enhance Energy Storage System (ESS) technology, aimed at reducing carbon emissions in the rapidly growing eco-friendly ship market. This partnership highlights the synergy between Hanwha Aerospace and Hanwha Ocean,… Continue reading Hanwha Aerospace Collaborates with Hanwha Ocean to Develop Energy Storage System Technology for Lower Carbon Emissions
Vistra Declares Dividend on Common Stock and Series A Preferred Stock
IRVING, Texas, Aug. 2, 2023 /PRNewswire/ — Vistra (NYSE: VST) announced today that its board of directors has declared a quarterly dividend of $0.2060 per share of Vistra’s common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents an approximately 12% increase in the company’s quarterly common stock dividend per share… Continue reading Vistra Declares Dividend on Common Stock and Series A Preferred Stock
@Hyundai: Hyundai Motor Group Takes a Stake in AI Semiconductor Firm Tenstorrent to Drive Future Mobility Development
Hyundai Motor Group makes strategic investment in Tenstorrent to integrate AI into future Hyundai, Kia and Genesis vehicles, and other future mobilities A combined $50 million from Hyundai Motor and Kia to accelerate Tenstorrent’s design and development of AI chiplets and its machine-learning software roadmap The Group to leverage Tenstorrent’s high-performance semiconductor experience while… Continue reading @Hyundai: Hyundai Motor Group Takes a Stake in AI Semiconductor Firm Tenstorrent to Drive Future Mobility Development
Argenbright Group announces industry stalwarts as new strategic advisors for its UK and European businesses
Former Tesco Chairman John Allan, CBE, and Former Commissioner of London Metropolitan Police, Lord John Stevens of Kirkwhelpington, to lend their expertise and experience as Argenbright expands its business LONDON, Aug. 1, 2023 /PRNewswire/ — The Argenbright Group is announcing two key appointments to support the company’s UK and European growth. Former Tesco Chairman John Allan,… Continue reading Argenbright Group announces industry stalwarts as new strategic advisors for its UK and European businesses