Thousands of jobs at risk - car factories are running at half speed
Large parts of Europe's car factories are running at half speed, which could mean thousands of jobs are at risk. This shows a survey from Bloomberg.
Almost a third of the five biggest car companies' factories produced less than half their capacity last year. It is about BMW, Mercedes-Benz, Stellantis, Renault and Volkswagen.
An unexpected decline in demand for electric cars and increased competition in the US and China are pointed out as explanations.
- More car manufacturers are fighting for a smaller pie. Some production facilities definitely have to be shut down, says Matthias Schmidt, independent automotive analyst.
A utilization rate below 50 percent likely means that a factory is unprofitable, according to Bloomberg Intelligence.
Large parts of Europe's car factories are running at half speed, which could mean thousands of jobs are at risk. This shows a survey from Bloomberg.
Almost a third of the five biggest car companies' factories produced less than half their capacity last year. It is about BMW, Mercedes-Benz, Stellantis, Renault and Volkswagen.
An unexpected decline in demand for electric cars and increased competition in the US and China are pointed out as explanations.
- More car manufacturers are fighting for a smaller pie. Some production facilities definitely have to be shut down, says Matthias Schmidt, independent automotive analyst.
A utilization rate below 50 percent likely means that a factory is unprofitable, according to Bloomberg Intelligence.
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The development of AI
Chinese AI peak: We are 6-9 months behind the US
China's advanced AI models are 6–9 months behind the American ones, says Kai-Fu Lee, former China manager for Google and now CEO of a start-up AI company. This is reported by CNBC.
But he believes that the technology will spread more quickly to consumers in China. In addition, he sees it as "inevitable" that the country will make the best AI apps, he says.
Only in 5–8 years, he believes, can a super-app be created that can carry out a series of tasks and fundamentally change the user experience, which in itself would require new hardware in the form of new phones or computers.
- The right hardware would always be on, and always listening, says Kai-Fu Lee according to CNBC.
The development of AI
Chinese AI peak: We are 6-9 months behind the US
China's advanced AI models are 6–9 months behind the American ones, says Kai-Fu Lee, former China manager for Google and now CEO of a start-up AI company. This is reported by CNBC.
But he believes that the technology will spread more quickly to consumers in China. In addition, he sees it as "inevitable" that the country will make the best AI apps, he says.
Only in 5–8 years, he believes, can a super-app be created that can carry out a series of tasks and fundamentally change the user experience, which in itself would require new hardware in the form of new phones or computers.
- The right hardware would always be on, and always listening, says Kai-Fu Lee according to CNBC.
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Task: Peru is considering buying the Gripen for 36 billion
The Jas 39 Gripen is one of the hottest candidates when Peru buys 24 new combat aircraft, reports the newspaper El Popular.
The country plans to invest the equivalent of SEK 36 billion and the choice is said to be between Gripen, American F-16 and French Rafale.
- It is of course very positive for Saab that there is interest in the Jas Gripen in Peru. It shows again that we have the ability to develop and produce combat aircraft in absolute world class in Sweden, says Saab's press manager Mattias Rådström to Corren.
The Jas 39 Gripen is one of the hottest candidates when Peru buys 24 new combat aircraft, reports the newspaper El Popular.
The country plans to invest the equivalent of SEK 36 billion and the choice is said to be between Gripen, American F-16 and French Rafale.
- It is of course very positive for Saab that there is interest in the Jas Gripen in Peru. It shows again that we have the ability to develop and produce combat aircraft in absolute world class in Sweden, says Saab's press manager Mattias Rådström to Corren.
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The tours around Tiktok
Tiktok continues as usual - what happened to the ban?
The US has introduced a law to ban Tiktok if it doesn't diversify its ownership - but what happened to that? At the office, business is going on as if nothing has happened and the company continues to run ads, reports Business Insider, citing sources.
Next week, Tiktok's lawyers will argue for the company's case in court, and it is the US Constitution that is in focus. It is hoped that the freedom of expression law will slow down the attempt to ban the app, writes The Information.
The company has until January 19 to find a solution.
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