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Baidu’s AI Chip Unit Kunlunxin Prepares for Hong Kong IPO to Raise Up to $2 Billion 
TSMC Shares Hit Record High as Goldman Sachs Raises Price Target on AI Demand Outlook 
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Nvidia Unveils Rubin Platform to Power Next Wave of AI Infrastructure 
FDA Limits Regulation of Wearable Devices and Wellness Software, Boosting Health Tech Industry 
Samsung to Double AI-Powered Mobile Devices with Google Gemini in Global AI Race 
AMD Unveils Next-Generation AI and PC Chips at CES, Highlights Major OpenAI Partnership 
China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges 
xAI Cash Burn Highlights the High Cost of Competing in Generative AI 
China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns 
Mercedes-Benz to Launch Advanced Urban Self-Driving System in the U.S., Challenging Tesla FSD 
Samsung Electronics Hits Record High as AI Momentum Fuels Investor Optimism 
Hyundai Motor Shares Surge on Nvidia Partnership Speculation 
Intel Unveils Panther Lake AI Laptop Chips at CES 2025, Marking Major 18A Manufacturing Milestone 
SMIC Shares Climb as China Boosts Chipmaking Support Amid AI Optimism 
Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
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.
