SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
Alibaba Bets on AI Agents to Unify Its Vast Digital Ecosystem 
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI 
Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys 
Micron Technology Beats Q2 Earnings Estimates, Issues Strong AI-Driven Outlook 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
Trump White House Unveils National AI Policy Framework for Congress 
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch 
SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 
Malaysia Semiconductor Industry Eyes Helium Supply Risks Amid Middle East Conflict 
Elon Musk Confirms SpaceX, xAI, and Tesla Will Continue Large-Scale Nvidia Chip Orders 
Apple is certainly not messing around when it comes to growing its market share in the automobile market.
In a bid to build and produce its own car, the iPhone maker has forced a promising automotive startup to shutter its operations after it has aggressively recruited its top engineering talent. Citing sources close to the situation, Reuters reported that Mission Motors, who has produced sleek electric bikes that drew comparisons to Tesla’s own electric vehicles, closed shop in May this year.
It has been believed that Apple is working on an electric automobile project following its recruitment of several auto experts, mostly talent from industry leaders like Mercedez Benz and Ford. Although Apple has not openly acknowledged the project, the company’s efforts have forced Mission Motors to finally shut its doors by last fall, sources have said.
Apple Insider said that Mission Motors’ remaining assets, which are now owned by Infield Capital, are being sold off. The electric motorcycle Mission intends to deliver to customers have never been shipped, the site added.
