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☆ Mark Zuckerberg's Asia trip is all about making AI friends
▼ + stars: | 2024-02-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg isn't just in Asia to enjoy Japanese McDonald's and hit the ski slopes. The meetings will put Meta's AI and mixed reality ambitions front and center as competition grows. The likes of Meta's AI chief Yann LeCun have pushed back on suggestions that open-source AI is dangerous because the sheer volume of resources any bad actor would need to use an AI model maliciously makes it highly untenable. Meta's mission to build businessPoliticians won't be the only thing on Zuckerberg's mind on his Asian trip. Meta's line of mixed reality headsets, the Quests, finally face a formidable foe following Apple's release of the Vision Pro this month.

Persons: Mark Zuckerberg isn't, —, Mark Zuckerberg, Kokaji, Zuckerberg, Fumio Kishida, Sam Altman, Kishida, Yoon Suk, OpenAI's Altman, FABRICE COFFRINI, Yann LeCun, ROBYN BECK, Getty Zuckerberg, Jay Y, Lee Organizations: Service, Japan's, Japan Times, South, Bloomberg, Economic, Business, Meta, Vision, Apple, LG Electronics, Samsung Locations: Asia, Japan, Davos, South Korea, Switzerland, Seoul

This is Insider's fourth-annual list recognizing the diverse up-and-coming marketing talent who will define the industry for years to come. These marketers sit below CMO level and represent a variety of roles and backgrounds, from digital media to creative. They come from brand giants like Coca-Cola, General Mills, and LG Electronics, as well as startups like Liquid Death and Mercury. But all show the potential to be the industry leaders of the future. Scroll on to see the 14 rising stars of brand marketing, listed alphabetically.

Persons: General Mills Organizations: Business, LG Electronics

REUTERS/Adnan Abidi/File PhotoNEW DELHI, Aug 3 (Reuters) - India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year. Electronics imports range between 7% to 10% of the country's total merchandise imports. "The move's spirit is to push manufacturing to India. India has been trying to push local manufacturing by giving production-linked incentives in over two dozen sectors, including electronics.

Persons: Adnan Abidi, It's, Ali Akhtar Jafri, Madhavi Arora, Shivam Patel, Shivangi Singh, Sudipto Ganguly, Raju Gopalakrishnan Organizations: REUTERS, Electronics, Dell, Samsung, LG Electronics, Apple Inc, Lenovo, HK, HP Inc, Dixon Technologies, Emkay, India Cellular and Electronics Association, Thomson Locations: New Delhi, India, China, Mumbai

GM said adjusted pre-tax profit and margins in its key North American market fell from the first quarter, despite a jump in revenue and per-vehicle transaction prices. GM said it now expects full-year net income of $9.3 billion to $10.7 billion, up from a previous forecast of $8.4 billion to $9.9 billion. GM's pre-tax profit margin for the first six months of the year fell to 8.3% of revenue, down from 8.9% a year ago. Barra said GM can cut capital spending by simplifying its product line, reducing the number of different combinations of colors and features offered. In the first half, GM built about 50,000 EVs, most of them the older Bolt model, which is priced from $27,495.

Persons: Mary Barra, Chevrolet Bolt, Sam Fiorani, Barra, Paul Jacobson, GM's, Jacobson, Tesla, Elon Musk's, We're, Garrett Nelson, Joseph White, Paul Lienert, Ben Klayman, Matthew Lewis, Louise Heavens, Nick Zieminski Organizations: DETROIT, General Motors, GM, Chevrolet, AutoForecast Solutions, LG Electronics, LG Energy, United Auto Workers, Thomson Locations: Lordstown , Ohio, North America, Barra, Detroit

☆ General Motors raises full-year guidance, announces deeper cost-cutting
▼ + stars: | 2023-07-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

DETROIT — General Motors is raising its 2023 guidance for a second time this year after the automaker reported second-quarter results Tuesday that were up sharply year over year. The Detroit automaker also said it is increasing cost-cutting measures through next year and now plans to reduce $3 billion in expenditures compared with previous guidance of $2 billion. Here's what GM reported for its second quarter:Adjusted earnings per share: $1.91. However, the guidance increase is contingent on GM successfully negotiating new labor agreements with the United Auto Workers and the Canadian Unifor unions this year without a work stoppage or strike. A work stoppage would add to the auto industry's yearslong production problems resulting from the coronavirus pandemic and significant supply chain constraints such as semiconductor chips.

Persons: Paul Jacobson, Jacobson, Mary Barra, it's, Barra Organizations: DETROIT, Motors, Detroit, GM, Wall, LG Electronics, LG Energy, Chevrolet, LG, Revenue, United Auto Workers, Canadian, UAW, Detroit automakers

3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. Elsewhere, RTX reported second-quarter earnings that topped Wall Street expectations, posting $1.29 in adjusted earnings per share on $18.32 billion in revenue. The home appliance company posted revenue of $4.79 billion, lower than the consensus estimate of $4.82 billion, according to Refinitiv. It did beat on earnings expectations, reporting adjusted earnings of $4.21 per share, higher than the $3.76 estimate. The company notched adjusted earnings per share of $3.29, while analysts estimated $2.70 per share.

Persons: Refinitiv, RTX, it's, Biogen, Morgan Stanley, FactSet, General Motors, Invesco, Andrew Schlossberg, BTIG, Sherwin, Williams, Yun Li, Samantha Subin, Sarah Min, Tanaya Macheel, Brian Evans, Alex Harring Organizations: Spotify, Alaska Air, Pratt & Whitney, Airbus, General, GE, Whirlpool, Revenue, LG Electronics, LG Energy, GM, Refinitiv, UPS, Teamsters, Xerox –, Xerox, Packaging Corp, America, Secure

☆ White House partners with Amazon, Google, Best Buy to secure devices from cyberattacks
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, July 18 (Reuters) - The White House on Tuesday along with companies such as Amazon.com Inc (AMZN.O), Alphabet's Google (GOOGL.O) and Best Buy (BBY.N) will announce an initiative that allows Americans to identify devices that are less vulnerable to cyberattacks. A new certification and labeling program would raise the bar for cybersecurity across smart devices such as refrigerators, microwaves, televisions, climate control systems and fitness trackers, the White House said in a statement. Retailers and manufacturers will apply a "U.S. Cyber Trust Mark" logo to their devices and the program will be up and running in 2024. The Federal Communications Commission will seek public comment before rolling out the labeling program and register a national trademark with the U.S. Patent and Trademark Office, the White House said. In March, the White House launched its national cyber strategy that called on software makers and companies to take far greater responsibility to ensure that their systems cannot be hacked.

Persons: Nandita Bose, Jacqueline Wong Organizations: Amazon.com Inc, Google, Cyber, Federal Communications Commission, U.S . Patent, LG Electronics, Logitech, Cisco Systems, Samsung, White House, Federal Bureau of Investigation, Defense Department, Microsoft, Thomson Locations: U.S, Washington

☆ White House teams with Amazon, Google, and Qualcomm on cyber security labels for gadgets
▼ + stars: | 2023-07-18 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

To receive the U.S. Cyber Trust Mark, companies will have to follow cybersecurity standards set by the National Institute of Standards and Technology (NIST), such as requiring strong passwords and software updates. Other agencies across the executive branch also plan to get involved in making connected devices more secure, according to the announcement. For example, the Department of Energy will collaborate with National Labs and industry to create cybersecurity labeling standards for smart meters and power inverters. And the Department of State plans to engage allies in syncing up cybersecurity labeling standards and creating international recognition of such labels. Once completed, the FCC could choose to use the standards to apply the new label to these products as well.

Persons: Biden Organizations: U.S, U.S . Cyber, Federal Communications Commission, Google, LG Electronics, Logitech, Samsung, National Institute of Standards, Technology, NIST, FCC, Infrastructure Security Agency, Department of Energy, National Labs, Department of State, CNBC, YouTube Locations: cyberattacks, U.S

SEOUL, July 12 (Reuters) - LG Electronics (066570.KS) said on Wednesday it is targeting 100 trillion won ($77 billion) in sales by 2030 and plans some 50 trillion won of investment as the South Korean company announced its future strategy. "LG Electronics will tranform its business portfolio... increase profits by growing in business-to-business, and transition to a service business," CEO William Cho told a press conference. In 2022, LG reported about 65 trillion won in consolidated sales excluding affiliate LG Innotek (011070.KS), which makes device components such as camera modules for smartphones. That would be up from more than 80 trillion won ($61.72 billion) as of end-March, according to an eBest Investment & Securities report on Monday. On Friday, LG Electronics estimated its second-quarter operating profit rose 12.7% from a year earlier to 892.7 billion won, its second-largest April-June quarter profit ever.

Persons: William Cho, 1,292.1700, Hyunsu Yim, hyang Choi, Joyce Lee, Ed Davies, Simon Cameron, Moore Organizations: LG Electronics, South Korean, LG, Investment, Securities, Thomson Locations: SEOUL, KS

HANOI, May 30 (Reuters) - Samsung and other foreign companies are pushing Vietnam to introduce a multi-million-dollar reform that would compensate them for higher levies they face from next year under a global overhaul of tax rules, a source involved in the talks said. The discussions precede the introduction from January of a minimum tax rate of 15% for large multinationals under a landmark global reform led by the Organisation for Economic Cooperation and Development (OECD). The global rule requires companies paying less in a low-tax jurisdiction to face a top-up levy in their home country. Samsung's tax rate varies by district, and ranged between 5.1% and 6.2% in 2019 in the two northern provinces where it produces smartphones, according to government data cited by local media. Smaller companies that are not within the scope of the new global rules may also receive handouts, the source said.

☆ Exclusive: LG Display to supply OLED TV panels to Samsung Elec - sources
▼ + stars: | 2023-05-16 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

Initial supplies to Samsung would likely be 77-inch and 83-inch white OLED (WOLED) TV panels. OLED panels cost nearly five times more than liquid-crystal display (LCD) panels. Analysts have speculated that LG Display was in talks to supply OLED TV panels to a new client. LG Display supplies OLED TV panels to LG Electronics and Sony. Samsung Electronics has its own display-making unit Samsung Display which focuses on OLED screens for mobile phones made by Apple and Samsung.

☆ GM to end production of Chevrolet Bolt EV later this year
▼ + stars: | 2023-04-25 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/3] A close-up view of the Chevrolet Bolt electric vehicle is seen at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. "We have progressed so far that it's now time to plan to end the Chevrolet Bolt EV and EU production, which will happen at the very end of the year," GM CEO Mary Barra told investors on Tuesday. The Bolt, GM's first mass market EV, still accounts for more than 90% of all U.S. GM EV sales. The Bolt was preceded by the Chevrolet Volt -- a plug-in hybrid that GM ended production in 2019. The recall prompted GM to halt Bolt production and sales for more than six months.

☆ 3 ways your business can survive an economic downturn without layoffs or marketing budget cuts
▼ + stars: | 2023-03-18 | by ( Joy Gendusa | ) www.businessinsider.com time to read: +9 min

It can be tempting to go straight to layoffs or cut marketing costs during an economic downturn. Losing new business to less marketing and laying off experienced staff you'll have to rehire are not the best ways to go. The better option is to find smart ways to continue marketing your products and services rather than stop marketing completely. Find ways to reduce expenses and maximize efficiencyYou'll have to get clever to weather an economic storm and come out strong. Review all areas of your business, and find ways to cut expenses, maximize efficiency, and keep marketing consistently.

☆ Startup from ex-Apple team raises $100 million, works with OpenAI
▼ + stars: | 2023-03-08 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

March 8 (Reuters) - Humane Inc, a startup founded by former Apple Inc (AAPL.O) employees, said on Wednesday it has raised $100 million and will release its first products this spring. Sam Altman, OpenAI's founder and a previous Humane investor, participated in funding round on Wednesday, the company said. Humane also said that Microsoft Corp (MSFT.O), which has built a massive cloud computing infrastructure specifically for AI, took part in the funding round. Humane said it will partner with Microsoft's cloud to bring Humane's software services platform to market. Reporting by Stephen Nellis in San Francisco Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

☆ LG, Whirlpool Target Customers Disconnected From ‘Smart’ Appliances
▼ + stars: | 2023-01-20 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +6 min

Whirlpool Corp. said that more than half of its smart appliances remain connected, but the company declined to be more specific. Development of these smart devices is a core priority for Whirlpool and LG, the companies said. The smart-home trend began gaining traction around 2014, according to Mr. Kim, and has grown since then. Whirlpool declined to comment on the percentage of its sales represented by smart appliances. According to Murat Genc, Whirlpool’s global data, experiences & transformation officer, smart appliances are generating data from consumers and are producing new revenue opportunities.

☆ Justice Department official cleared to oversee Google probes -source
▼ + stars: | 2023-01-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 13 (Reuters) - The Justice Department's top antitrust official recently won approval from the department to oversee investigations involving Google parent Alphabet Inc (GOOGL.O), a person briefed on the matter told Reuters. The Justice Department and Google declined to comment on Friday. In November 2021, Google asked the Justice Department to consider requiring Kanter to recuse himself because of his work for a long list of Google critics like Yelp Inc (YELP.N), which Alphabet described as "vociferously advocating for an antitrust case against Google for years." The Justice Department's October 2020 lawsuit alleges Google violated antitrust law in how it maintained dominance in search and search advertising. For example, it pointed to billions of dollars that Google paid annually to Apple (AAPL.O), LG Electronics Inc (066570.KS) and others to ensure Google search was the default on their devices.

The Justice Department's lawsuit, filed by the Trump administration, alleged that Google violated antitrust law in how it maintained dominance in search and search advertising. For example, it pointed to billions of dollars that Google paid annually to Apple (AAPL.O), LG Electronics Inc (066570.KS) and others to ensure that Google search was the default on their devices. The company also argued that there was no evidence that agreements that Google made related to Google Assistant or Internet-of-Things devices hurt competition. Google faces additional allegations of antitrust violations from dozens of states. It also argues that Google broke antitrust law to hamper rivals, such as travel-oriented websites.

☆ Exclusive: Apple supplier BOE plans new factories in Vietnam
▼ + stars: | 2023-01-11 | by ( Francesco Guarascio | ) www.reuters.com time to read: +3 min

HANOI, Jan 11 (Reuters) - Chinese display maker BOE Technology Group Co Ltd (000725.SZ), a supplier of both Apple Inc (AAPL.O) and Samsung Electronics Co Ltd (005930.KS), plans to invest a substantial sum to build two factories in Vietnam, two people familiar with the matter said. BOE plans to make the more sophisticated organic light-emitting diodes (OLED) screens at the site rather than liquid-crystal displays (LCDs), the person said. Apple, which included BOE in its 2021 list of manufacturing partners, uses OLED screens for its latest iPhone smartphones. The U.S. tech giant, however, plans to start making mobile screens in-house by next year, Bloomberg reported on Wednesday. BOE's Vietnam plan is not specifically aimed at supplying Apple, the person said.

☆ Asia-Pacific markets fall; Bank of Japan expected to keep rates unchanged
▼ + stars: | 2022-10-28 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Monday, April 25, 2022. Shares in the Asia-Pacific fell ahead of the Bank of Japan's interest rate decision and a slew of companies in the region reporting earnings. The Nikkei 225 in Japan fell 0.89% in early trade, while the Topix dipped 0.51%. The Bank of Japan is expected to keep rates at ultra-low levels, according to forecasts in a Reuters poll. Some Chinese airlines listed in Hong Kong will report earnings, along with electric vehicle maker BYD.

☆ Qualcomm CFO Focuses on Investing in Budding Automotive Business
▼ + stars: | 2022-09-27 | by ( Mark Maurer | Qualcomm Cfo Akash Palkhiwala | ) www.wsj.com time to read: +6 min

The company estimated $1.3 billion in auto revenue for the fiscal year ended Sunday, up 33% from the prior year. Ninety percent of Qualcomm’s auto-related revenue forecast through 2026 is based on existing design wins from across the business line, Mr. Palkhiwala said. “It’s a business that’s important to us,” Mr. Palkhiwala said about the auto-chips division. Like Qualcomm, chip companies such as Intel Corp. and Nvidia Corp. are wading deeper into the auto market. Nvidia reported $566 million in revenue for its auto business in the year ended in January, up 5.6% from the prior-year period.

☆ Volkswagen focuses on regions to reduce supply chain vulnerability
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly Song/File PhotoBERLIN, April 19 (Reuters) - Volkswagen (VOWG_p.DE) said on Tuesday that a new growth plan would aim to reduce its vulnerability to the effects of global conflicts, such as supply chain disruption and rising prices, by divesting more power to its regions and brands. "The latest geopolitical changes and increased block-building have been exposing our global vulnerability, particularly with regards to the U.S.," Volkswagen Chief Executive Herbert Diess said in a LinkedIn post. read moreVolkswagen warned last week that it was feeling the impact of rising prices and supply chain bottlenecks, with deliveries in March down 37.3% from last year. read moreMercedes-Benz (MBGn.DE) Chief Technology Officer Markus Schaefer said last week that the German carmaker was also tightening its supply chains in light of global bottlenecks. Diess first announced a reshuffling of responsibilities at Volkswagen last December, after weeks of clashes between the CEO and labour unions over his leadership.

☆ Magna-LG Mexican plant to supply components for GM electric vehicles
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +1 min

April 19 (Reuters) - Magna International and LG Electronics are constructing a factory in the Mexican city of Ramos Airzpe that will supply electric vehicle components to General Motors Co, starting in 2023. The plant, which is being built by the LG Magna e-Powertrain joint venture, will make EV motors, inverters and on-board chargers. GM said a year ago that it planned to invest more than $1 billion in its Ramos Arizpe assembly plant, which will begin building EVs in 2023. The automaker has not said where it plans to build the new electric versions of those vehicles, which are due to begin production in 2023. LG Magna e-Powertrain said its new facility will be the joint venture's first production base in North America and is expected to create 400 jobs.

☆ „LG Electronics” a anunțat că nu va mai produce telefoane mobile din cauza pierderilor suferite
▼ + stars: | 2021-04-24 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

„LG Electronics” a anunțat că nu va mai produce telefoane mobile din cauza pierderilor suferiteLG Electronics a anunțat că își va închide divizia de telefonie mobilă, care se confruntă cu mari pierderi. LG a adus o serie de inovații în piața telefoanelor mobile, iar asta i-a permis în 2013 să urce până pe poziția a treia în clasamentul producătorilor. Cu toate acestea, pentru LG au urmat o serie de probleme hardware și software. În 2020, LG a vândut 28 de milioane de telefoane mobile. Spre comparație, Samsung a vândut 256 de milioane de telefoane anul trecut, în timp ce Apple, liderul de piață, a livrat 80 de milioane de unități doar în perioada octombrie-decembrie 2020.

Organizations: LG Electronics, BBC, LG, Samsung, Apple Locations: coreean

☆ Компания LG объявила об уходе с рынка мобильных телефонов
▼ + stars: | 2021-04-05 | by ( ) ru.diez.md time to read: 1 min

Компания LG объявила об уходе с рынка мобильных телефоновКомпания LG Electronics Inc. из Южной Кореи объявила об уходе с рынка мобильных телефонов из-за убыточности бизнеса и высокой конкуренции. Согласно исследованию компании Counterpoint Research, доля смартфонов LG на мировом рынке составляет 2%. В прошлом году компания продала 24,7 миллиона мобильных устройств, став девятым крупнейшим производителем смартфонов в мире. Мобильный бизнес LG несет убытки с 2015 года. Их общая сумма достигла в прошлом году 4,4 миллиарда долларов.

Organizations: LG LG Electronics Inc, Research, LG Locations: Южная Корея

☆ LG Молдова: Выбираем самую лучшую стиральную машину Ⓟ
▼ + stars: | 2020-10-06 | by ( ) point.md time to read: +4 min

Стиральная машина LG AI DD это не только качественная бытовая техника, это также, высоко качественная и быстрая стирка. Какой режим выбрать, температуру, отжим, обо всем этом и даже больше позаботится стиральная машина LG AI DD. Еще одна стиральная машина, столь же уникальная и особенная, - это стиральная машина LG с технологией TrueSteam. Говоря о стиральных машинах LG, нельзя не упомянуть стиральную машину LG TurboWash 360, которая является настоящей жемчужиной для любого дома. Стиральная машина LG TurboWash 360 знает абсолютно все о быстрой, эффективной и экономичной стирке.

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