News

GM and Toyota face setbacks in EV shift

Published

2 years ago

December 4, 2023

General Motors (GM) and Toyota find themselves at the forefront of significant challenges amid the ongoing electric vehicle (EV) revolution.

The paradigm shift towards EVs is proving to be an uphill battle for these automotive giants, as the market tilts towards sustainable alternatives.

While competitors swiftly adapt to the burgeoning EV landscape, GM and Toyota appear to be grappling with a slower transition. Struggling to keep pace with rivals embracing electric mobility, both companies are witnessing a decline in market share. Investors are closely monitoring their performance as traditional combustion engine models lose favour, and consumers increasingly demand eco-friendly options.

Despite historical prominence in the automotive industry, GM and Toyota are now facing the risk of being overshadowed by more agile and forward-thinking counterparts. The urgency to overhaul their strategies and accelerate EV adoption is evident, as consumers align with brands committed to reducing carbon footprints.

In this pivotal moment, the focus shifts to whether GM and Toyota can navigate the EV transition successfully, securing their positions in the evolving market.

Further to this General Motors (GM) has announced a strategic shift in its automotive priorities, opting to significantly reduce investments in self-driving technology while intensifying efforts in the electric vehicle (EV) sector. The decision reflects a broader industry reevaluation, acknowledging the challenging road ahead for autonomous vehicles.

This move follows a trend in the automotive landscape, with GM joining other major players in acknowledging the complexity and high costs associated with developing reliable self-driving capabilities. Instead, the company plans to double down on electric cars, aiming to position itself at the forefront of the rapidly expanding electric vehicle market.

News

OpenAI prepares first consumer device amid revenue boom

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

Published

16 hours ago

January 20, 2026

Harvey Vargas

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

OpenAI is gearing up to launch its first-ever consumer hardware device in late 2026. The product is expected to be a screenless smart speaker, signalling the tech giant’s move beyond software and into the world of physical devices.

The device comes after OpenAI acquired a promising hardware startup to accelerate development.

The company is also pushing a strategy to strengthen domestic manufacturing, working closely with U.S. manufacturers to secure efficient production of essential components.

Despite the progress, technical hurdles remain, especially around the device’s listening capabilities, which could delay the rollout.

This development comes on the heels of OpenAI reporting an annualised revenue of over $20 billion in 2025, representing a staggering 233% increase from the previous year. The combination of massive revenue growth and expansion into hardware marks a new era for the AI pioneer.

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News

Putin invited to Trump’s Gaza Peace Board

Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

Published

16 hours ago

January 20, 2026

Harvey Vargas

Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

Russian President Vladimir Putin has reportedly received an invitation to join the U.S.-led ‘Board of Peace’ for Gaza, according to the Kremlin. The council, created by President Donald Trump, is designed to maintain a ceasefire between Israel and Hamas while overseeing the region’s reconstruction.

Kremlin spokesman Dmitry Peskov said Moscow will review the details of the invitation before responding. The board has already extended invitations to several world leaders, with some nations confirming their participation.

The proposal has sparked debate because the Trump administration reportedly requires participating nations to pay $1 billion to secure a permanent seat. Putin’s potential involvement also raises concerns, given his ongoing conflict with Ukraine.

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News

Trump escalates Greenland standoff as Europe weighs retaliation

Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

Published

16 hours ago

January 20, 2026

Harvey Vargas

Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

Denmark has deployed additional troops to Greenland after President Donald Trump renewed his push for U.S. control of the island, linking the issue to what he claims cost him a Nobel Peace Prize.

The move has raised alarm across Europe, with leaders scrambling to prevent a fresh transatlantic crisis.

Trump has warned of tariffs against countries opposing American control of Greenland, calling the territory vital to U.S. security interests. Norway’s Prime Minister Jonas Gahr Støre has privately raised concerns with Trump, while EU officials assess potential coordinated countermeasures.

Despite the rhetoric, European leaders remain cautious. With U.S. influence deeply embedded in Europe’s defence and security framework, the bloc is keen to avoid further escalation as diplomatic negotiations continue behind the scenes.

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