Business Archives - Page 104 of 122

Rivian plans to build a $5 billion manufacturing plant in Georgia

Posted on December 17, 2021 by Priyanka Patil |

Rivian, the electric vehicle manufacturer, aims to start building a second manufacturing plant in 2022, despite falling short of its output targets at its current facility. Rivian stated on Thursday that its new $5 billion plant east of Atlanta, Georgia,…

Parker Solar Probe, a NASA spacecraft, becomes the first to ‘touch’ the sun

Posted on December 15, 2021 by Priyanka Patil |

The Parker Solar Probe has become the first spacecraft to “touch the sun,” sixty years after NASA set the aim and three years after it launched. The Parker Solar Probe has completed a successful flight through the sun’s corona, or…

Elon Musk, CEO of Tesla named as Time Magazine’s ‘Person of the Year 2021’

Posted on December 14, 2021 by Priyanka Patil |

Elon Musk, the CEO of Tesla and SpaceX, has been selected Person of the Year by Time magazine. Musk, the world’s wealthiest man, was named the magazine’s choice on Monday. “He is reshaping life on Earth and possibly life off…

Apple is on its way to become the world’s first $3 trillion company

Posted on December 14, 2021 by Priyanka Patil |

Apple is about to reach yet another significant milestone. The iPhone maker is on the verge of surpassing a market value of more than $3 trillion, making it the first publicly traded corporation to do it. Apple (AAPL) shares was…

The $767 million Hong Kong IPO of China’s SenseTime has been postponed due to a US restriction

Posted on December 13, 2021 by Priyanka Patil |

After being placed on a US investment blacklist, Chinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday. SenseTime stated that it was still dedicated to complete the offering and that it…

Ford is delaying the Explorer EV in favour of the Mustang Mach-E, According to reports

Posted on December 11, 2021 by Priyanka Patil |

According to Automotive News, Ford is pushing back the launch of its next all-electric Explorer SUV from mid-2023 to at least December 2024. The launch of an all-electric Lincoln Aviator, which is based on the same Ford EV platform, is…

Facebook takes a step toward the metaverse by allowing everyone in the United States to use its virtual world app

Posted on December 10, 2021 by Priyanka Patil |

Facebook announced on Thursday that Horizon Worlds, its virtual reality world of avatars, will be open to anyone 18 and above in the United States and Canada. Last year, Horizon Worlds was released in beta to a restricted group of…

NASA unveils a new X-ray mission to investigate black holes and exploding stars

Posted on December 10, 2021 by Priyanka Patil |

NASA’s Imaging X-ray Polarimetry Explorer (IXPE) was launched into orbit on top of a SpaceX Falcon 9 rocket on Thursday morning. NASA’s first mission dedicated to exploring and measuring X-ray polarisation is a two-year collaboration with the Italian Space Agency.…

Amazon’s most popular holiday gift ideas for 2021 have been revealed

Posted on December 9, 2021 by Priyanka Patil |

Finding thoughtful gifts for everyone of your loved ones can seem daunting, especially if you’re trying to stay within a gift-giving budget. Many large businesses, thankfully, post gift guides that can be used as inspiration over the Christmas season. One…

In 2022, Intel will go public with its self-driving company Mobileye

Posted on December 8, 2021 by Priyanka Patil |

Intel has announced that it will go public with Mobileye, the Israeli self-driving technology company it bought for $15.3 billion in 2017. Intel intends to unlock additional value for its stockholders by listing Mobileye’s shares on the stock market, according…