Artificial intelligence (AI) is revolutionizing the automotive industry, and its impact goes beyond just self-driving cars. According to Future Market Insights, revenue from autonomous vehicles sales is projected to exceed $70 billion by 2033. However, AI technology is already being integrated into vehicle production processes. Recognizing this industry-wide trend, the BMW Group is embracing AI …
Amazon has announced that it will invest $120 million in the construction of a satellite processing facility at NASA’s Kennedy Space Center in Florida. This facility is part of Amazon’s Project Kuiper, which aims to build a network of 3,236 satellites to provide high-speed internet access worldwide. The processing facility, spanning 100,000 square feet, will …
An American Airlines 777 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC Airlines’ cargo revenue is experiencing a slump, which is actually a positive sign for the recovery of the travel industry. Delta, United, and American have reported year-over-year declines of approximately 40% in their second-quarter cargo revenue. In the first half of …
A Carvana glass tower sits illuminated in Oak Brook, Illinois, on February 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Carvana, the used car retailer, announced on Wednesday that it has reached a debt restructuring agreement that will significantly reduce its total outstanding debt by over $1.2 billion. The company stated …
A United Airlines airplane soars through the skies of New York City, passing by iconic landmarks like the Empire State Building and One Vanderbilt, as it prepares to land at Newark Liberty International Airport in New Jersey. (Photo by Gary Hershorn | Corbis News | Getty Images) United Airlines, one of the major players in …
Elon Musk, the visionary CEO of SpaceX and Tesla, as well as the owner of Twitter, captivated the audience with his magnetic presence at the Viva Technology conference in Paris, France. This event, dedicated to innovation and startups, showcased Musk’s immense influence and leadership on the global stage. (Source: Gonzalo Fuentes | Reuters) Tesla is …
United Airlines announced on Tuesday its plans to expand its Asia flights in the coming months, capitalizing on the resurgence of long-haul international travel. The increase in international travel bookings this year has prompted airlines to enhance their schedules in response to the demand. “In general, the Pacific is as strong if not stronger than …
Senior satellite technician Chris Summers completes the final pre-flight checks on satellites Kepler-16 and Kepler-17. Kepler Communications Private investment in space companies, particularly from venture capital sources, demonstrated “encouraging signs of stabilization” during the second quarter following a consistent decline over the past year, as stated in a report released on Monday by Space Capital, …
A Ford F-150 Lightning electric truck is showcased at the 2022 North American International Auto Show NAIAS in Detroit, United States, on September 14, 2022. Image: Michael Strong | Xinhua News Agency | Getty Images Ford Motor has announced a significant reduction in prices for its electric F-150 Lightning pickup truck. The company attributes this …
Pilots from United Airlines are seen walking inside the airport as they participate in an informational picket at Newark Liberty International Airport in Newark, New Jersey on May 12, 2023. Eduardo Munoz | Reuters United Airlines and its pilots’ union have reached a preliminary labor agreement that includes salary increases of up to 40.2% over …