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Here’s what you need to know
A rare corruption scandal in Singapore has engulfed the F1 Grand Prix. September event still in planning, but resignations and bribery allegations emerge among race officials swirling.
The US is drowning OPEC in oil. the US is producing more oil more than any other country in historyapproximately 13 million barrels per day, all of which are supplied at OPEC’s expense.
Reddit is finally going public. After years of preparation, the report says the stock will trade by March, $10 billion valuation.
Speaking of going public, Birkenstock had some bad news for new investors. price It’s going up That’s because the company’s earnings outlook is declining (as is its stock price).
The world’s largest chipmaker has some bad news of its own. Taiwan’s TSMC has announced new delays for its $40 billion facility in Arizona. lack of skilled labor.
What’s going on with the layoffs in technology?
The first two weeks of 2024 are over, and there have been more than 7,500 layoffs in the tech industry.
What on earth is going on? It’s a confluence of things.
😞 Ah Continued decline From the 2021 boom (and overemployment)
🤖 New priorities—Mainly related to generative AI
🪡 Startup’s inherent spirit of being agile
Quartz’s Laura Bratton breaks down each layoff in the industry so far this year.look at her timeline.
Hyundai and Kias are on Tesla’s bumper.
Tesla has turned on cruise control in terms of leading the electric car market, but there are two brands behind it: Hyundai and Kia.
In 2023, Hyundai Motor Group affiliates sold a total of 69,259 battery-powered vehicles in the US, contributing to a 10% reduction in Tesla’s 65% lead in 2022.
To be fair, Hyundai and Kia need to slam the pedal to the floor. Tesla still controls more than half (55%) of the U.S. EV market.That’s why they are working hard their aggressive expansion plans and Throw cash at a prospective buyer.If Hyundai and Kia can avoid a few things, they’ll probably do well big hole in the road-remember, $200 million settlementcars that are easy to steal are very dangerous.
Sam Altman and will.i.am compete in their visions for the future
Quartz’s Heather Lundy hears from OpenAI head Sam Altman and musician-turned-activist and Davos fixture will.i.am on the sidelines of the World Economic Forum. I was able to do that.
Which quote is Altman’s and which is will.i.am’s?
1️⃣ “We can all be more creative. I think the quality of media and entertainment is going to go crazy in a really great way…Eventually, we all have the same recognition as the entire company. You will have the ability to create anything you can imagine.”
2️⃣ “That’s a bit inhumane. How can we create a world where items have more money to become smarter than humans?”
Read the full text of each quote here.
The World Economic Forum’s annual meeting may end today, but Check out all our coverage here And of course, Back issues of what you need to know: Davos 2024. See you in the Alps in 2025!
Most popular quartz
😱 The self-checkout kiosk horror show could be coming to an end
🥶 In Chicago, Tesla appears to be struggling in the cold.The reason is as follows
🫨 The colors you see change depending on the language you speak
😬 Spirit Airlines is in trouble after its contract with JetBlue is terminated.
🤑 More than 250 billionaires and billionaires are telling world leaders to “tax us…”
🤑🤑 …Meanwhile, Elon Musk, Jeff Bezos, and the world’s richest people became $465 billion richer in four years
amazing discovery
A Shiba Inu named Peanut Butter is good at playing video games as quickly as possible. meanwhile He failed to achieve his previous PR.Of course, as Kotaku’s Zach Zwiesen eloquently put it, he’s a “really good kid who’s been given lots of treats, lots of pets, and has never done anything wrong in his life.” .
Solar-powered chargers may one day be powerful enough to charge devices indoors. Technology is becoming increasingly sophisticated than those panels pocket calculator That didn’t go very well.
Maybe people aren’t leaving Austin? new research It shows that several U.S. cities, including Cincinnati and Pittsburgh, will shrink in the coming decades. But it’s not the capital of Texas..
Unreleased photos of the computer that helped win World War II have been released. Sad Wes Anderson Could not access for some asteroid city (2023) scene.
Spotify has helped Afrobeats travel around the world. CEO of a Swedish music streamer maybe he doesn’t think it’s that importantbut The platform is For more beat-heavy electronic music from Nigeria,we can’t help but fall in love with it.
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