Author: i2wtc

Jamie Siminoff, founder of Ring, speaks during an Amazon product event in the Manhattan borough of New York City on Sept. 30, 2025.Charly Triballeau | AFP | Getty ImagesIn 2023, Jamie Siminoff called up Amazon’s former devices boss, Dave Limp, to say he was stepping down from leading the video doorbell company he sold to the e-commerce giant for $839 million in 2018.Siminoff, who started Ring in 2013, said Limp and Amazon offered him the opportunity to work elsewhere at the company, but he declined.”I said, ‘I think I have to leave,'” Siminoff recalled in an interview on Friday. “I…

Ford Motor Company CEO Jim Farley speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan. Bill Pugliano | Getty ImagesDETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.Farley on Tuesday said he “wouldn’t be surprised” if sales of EVs fell from a market share of around 10% to 12% this month — which is expected to be a record — to 5% after the incentive program ends.”I think it’s going to be a vibrant…

Acting President Syed Yousaf Raza Gilani has called for widening the scope of climate resilience initiatives in Pakistan to strengthen early warning systems, enhance community resilience, and mitigate risks for vulnerable populations. He made the remarks during a meeting with Coco Ushiyama, Representative and Country Director of the World Food Program for Pakistan, in Islamabad. Gilani underlined the urgent need for international assistance in the wake of widespread devastation caused by climate-induced disasters, particularly highlighting the destruction of crops, loss of livestock, and worsening poverty in South Punjab and Khyber-Pakhtunkhwa. He stressed that these regions require sustained global support to…

Daniel Ek, founder and chief executive officer of Spotify, attends the Cannes Lions 2016 on June 22, 2016 in Cannes, France. Antoine Antoniol | Getty ImagesSpotify CEO Daniel Ek will step down from his position and move to the role of executive chairman, the company said Tuesday.Spotify shares dipped 6% following the announcement.Ek, who co-founded the streaming platform in 2006, will be replaced by current co-presidents and longtime executives Gustav Söderström and Alex Norström as co-CEOs, the company said in a release. The transition will happen Jan. 1, 2026.”Over the last few years, I’ve turned over a large part of the…

U.S. House Minority Leader Hakeem Jeffries (D-NY) and other Democratic House members hold a press conference on the House Steps a day before a partial government shutdown is set to take effect on Capitol Hill in Washington, D.C., U.S., Sept. 30, 2025. Annabelle Gordon | ReutersAn impasse over health care funding has put the federal government on track to shut down in a matter of hours.The Affordable Care Act’s enhanced premium tax credits — which millions of Americans have relied on since 2021 — have become a sticking point in the standoff.Those enhanced credits, which were implemented amid the Covid-19…

Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China. Cheng Xin | Getty ImagesNike is expected to report a decline in quarterly sales on Tuesday, but its forecast for the year ahead will show investors whether CEO Elliott Hill’s strategy is gaining traction.The sneaker giant has been implementing a turnaround plan, and nearly a year into Hill’s tenure as CEO, some analysts are expecting Nike’s performance to improve. When it released fiscal fourth-quarter results in June, Nike said the financial hit from its restructuring is expected to…

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar said that Indonesia has offered to send troops to Palestine, but Pakistan has not yet decided. He added that Pakistan’s leadership will make a decision on deploying peacekeeping forces in Gaza. “We are committed to ensuring the complete withdrawal of Israeli forces from Palestine. Under the proposed plan, a peacekeeping force will be deployed in Palestine, with a majority of Palestinian officials on the peace board. Indonesia has offered to send 20,000 troops to Palestine for the Gaza Special Force, and we hope that Pakistan will also decide to deploy military…

Daniel Rausch, vice president of Alexa and Echo, announces the Echo Studio and Echo Dot Max during an Amazon event showcasing new products in New York City, U.S., September 30, 2025.Kylie Cooper | ReutersAmazon on Tuesday unveiled four new smart speakers and voice-activated displays that are revamped with Alexa+, its personal assistant that’s powered by generative artificial intelligence.The company debuted the Echo Dot Max, a revamped version of its compact smart speaker, which costs $99.99. Amazon also unveiled a new Echo Show 8 and Echo Show 11, priced at $179.99 and $219.99, respectively.There’s also a new version of the Echo…

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesOpenAI is debuting what it bills as its most advanced video generation model yet, alongside a new iOS app designed to bring artificial intelligence-powered video creation to everyday users.The Sora 2.0 model builds on an earlier version released this year as a research preview. OpenAI said the new release represents a major leap in physical realism, audio-video synchronization, and multi-shot storytelling.The new app, which is also called…

Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | ReutersNvidia shares reached a fresh record on Tuesday, climbing almost 3% and lifting the chipmaker’s market cap past $4.5 trillion.The stock is now up about 39% for the year, and continues to attract investors as Nvidia steps up its pace of deal-making, cementing its position at the center of the artificial intelligence boom.OpenAI said last week that Nvidia would take an equity stake worth up to $100 billion in the AI startup, and would build hundreds of billions of…