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Air taxi firm Lilium shares plunge 53% after company says main subsidiaries will file for insolvency

German company Lilium produces flying electric passenger drones. Lilium Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries will file for insolvency in the coming days. The German aerospace startup’s shares plunged more than 60% following the news, before paring losses slightly. The stock was last down 53% […]

Planning a customer-facing AI push? Start with getting employees up to speed

As companies integrate AI, there are two perspectives to consider: the employee and the customer.  Each group has different risks associated with it, especially in industries that handle sensitive information. But through experimentation and education, companies can get their employees comfortable with it to better develop tools, said Mike Urban, chief technology operations officer at […]

سانگھڑ میں تیل و گیس کے دریافت شدہ ذخائر سسٹم میں شامل

پی ٹی آئی کا پارلیمانی کمیٹی کے بائیکاٹ کا فیصلہ درست نہیں تھا: شوکت یوسفزئی چیف جسٹس پاکستان کے تقرر کے لیے قائم پارلیمانی کمیٹی سے پی ٹی آئی کے بائیکاٹ کے معاملے پر پی ٹی آئی کے واٹس ایپ گروپ میں شوکت یوسفزئی نے پارٹی قیادت پر تنقید کی۔ Source link

WiseTech’s CEO has resigned. Now for the reckoning

“We think WiseTech has been managed exceptionally well by its founder and CEO, Richard White. WiseTech has secured a dominant position in international freight-forwarding software, which is an inherently globally competitive market. We attribute this success to a rare combination of planning and execution.” And White’s behaviour has roiled not just WiseTech but the broader […]

SK Hynix Achieves Record $5 Billion Quarterly Profit Driven by A.I. Chip Demand

SK Hynix, the world’s second-largest memory chip manufacturer, posted remarkable financial results for the third quarter of 2024. The company’s operating profit reached 7 trillion won ($5 billion), marking a 29% increase from the previous year. The company’s revenue climbed to 17.6 trillion won, setting a new quarterly record with a 7% year-over-year growth. This […]