On March 12, U.S. smart glasses company Vuzix announced that Xander™, a company based in Raleigh, North Carolina, has placed an order for Vuzix Shield™ smart glasses. This marks the largest additional order Vuzix has received to date. The order aims to meet the growing market demand for the X...

With ByteDance reportedly allocating up to 40 billion yuan ($5.5 billion) for AI chip purchases in China, Tencent is also set to boost its capital expenditure in 2025, according to Reuters. The report suggests that the Chinese tech giant intends to do so to speed up AI development and infrastruct...

According to a report from ijiwei, citing The Wall Street Journal, Germany engineering company Siemens plans to slash over 6,000 jobs across its automation and electric vehicle charging sectors. This includes approximately 5,600 positions globally within the automation segment at Digital Industries ...

While most global tech giants push forward in the XR market, LG Electronics is shifting gears. According to South Korean media outlet the bell, the company has shut down its XR development unit just a year after its launch in late 2023. The move suggests LG Electronics is scaling back its XR busi...

According to Economic Daily News, citing The Information, Amazon Web Services (AWS) is adopting a price-cutting strategy to persuade customers to switch to its own Trainium AI chip-powered servers instead of the more expensive NVIDIA solutions. As noted in the report, a long-time AWS cloud servic...