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SoftBank to invest $3 billion in Ohio factory for OpenAI data center: ReportThe plant will manufacture equipment for data centers in Milam County, Texas, and other locations, the report said, as the Japanese conglom...- OpenAI to join tech giants in building five new data centres in USOpenAI, backed by Nvidia's $100 billion investment, partners with SoftBank and Oracle to construct five new data centers across the U.S. Th...
- Foxconn sees robust AI demand as second-quarter profit tops forecastThe company said artificial intelligence server revenue is expected to leap more than 170% year-on-year in the coming quarter, though it al...
- Nikola shares slump 38% after it goes bankrupt, to sell assets in latest EV market turmoilNikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehic...
- Foxconn may set up EV factory in India this yearThis marks the first instance where Foxconn has explicitly stated its plans to further its EV manufacturing ambitions in India.
- Nvidia, Foxconn to build autonomous vehicle platformsTaiwanese contract manufacturer Foxconn said it will manufacture electronic control units (ECUs) for cars based on Nvidia's DRIVE Orin chip...
- Is anyone actually making electric vehicles?It’s even tougher when costs to produce vehicles are surging. Manufacturers can’t get their hands on parts and sales have been underwhelmin...
- Rivian, electric vehicle startup, unveils large losses in IPO filingRivian, founded in 2009, makes an upscale truck and a sport utility vehicle, both designed to be driven off-road. “Now, there’s a way to ex...
- Can a green economy boom town be built to last?The electric vehicle boom is something of a microcosm for the larger transition to a low-carbon economy: As governments and investors funne...
- Charged up: PEs & VCs pump big money into electric vehiclesInvestment activity in the EV space jumped after Japan’s SoftBank Vision Fund said in 2019 that it would invest $265 million in Ola Electri...
- GM cuts costs with ban on unscheduled overtimeGeneral Motors Corp has told local union officials at two factories that make its hotter-selling small and midsize cars that it will not al...
- Sales slump causes Ford to close plant that makes 2 sport utility vehicles for nine weeksSagging demand for large sport utility vehicles has forced Ford Motor Co. to close a Michigan factory for nine weeks starting June 23.
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