California News and Insights
With no SUVs, where would BMW be today? The brand may be even more beloved by purists, but accountants in Munich would struggle to analyze the statistics. Over the past few years, the company has grown to become the largest premium manufacturer in the world,
Sources close to the German automaker claim that BMW has approved the new electric i1 and i2 models. The two new models, which are now being developed at the company’s FIZ R&D center in Munich, will be offered for sale later this decade alongside modernized
Audi has unveiled the revamped e-tron model, which includes a range-topping Performance variant with 912 horsepower, new exterior style, a larger battery capacity, and a reduction in overall weight. The e-tron’s improvements are consistent with those made to the Porsche Taycan, which forms the bulk
The chairman of the Federal Aviation Administration intimated that more 737 MAX 9 aircraft production is not imminent when he stated on Thursday that the company has not yet received approval to increase production. Following a three-hour meeting with Boeing, FAA Administrator Mike Whitaker told
Increased capital is flowing into AI-focused firms. DeepL, a company that creates writing and text translation software to rival services like Grammarly and Google Translate, announced on Wednesday that it had raised an extra $300 million. $2 billion is its current post-money valuation. This round,
The financial operations startup has announced that it has raised $26.3 million in a fresh investment round. The service helps businesses manage, allocate, and minimize cloud spending across any cloud infrastructure platform. Leading the Series B investment was Red Dot Capital, accompanied by Team8, Pitango,
Walmart has profited from its pricing advantage, with prices about 25% lower than traditional supermarkets, according to analysts at Evercore IRI. Groceries make up more than half of Walmart’s revenues. Walmart claims that its increases in the most recent quarter were “primarily driven by upper-income
Bold Edition variants for the Audi Q3 and Q3 Sportback have been introduced by Audi India. The Bold Edition retains all of the same mechanical components as the standard automobile, with the exception of cosmetic changes. The Q3 Sportback Bold Edition costs Rs 55.71 lakh
An on-device artificial intelligence (AI) chip firm based in South Korea called DEEPX develops hardware and software for a range of AI uses in electrical devices. This Monday, the company reported that it has raised $80 million (KRW 108.5 billion) at a valuation of $529
Charles River Data (CRD) was recently bought by St. Petersburg’s Neptune Flood, which aims to improve its AI-driven Triton underwriting system by integrating the strong analytical and modeling skills of the Boston-based company. In order to start CRD in 2021, two former data scientists from