November 8, 2024
Tech News
Rivian has shifted to producing its next-generation 4695 battery cells for the R2 electric vehicle in the U.S. at LG Energy Solution’s Arizona facility, in alignment with the Inflation Reduction Act. The new battery packs aim to be lighter, less complex, and more cost-efficient, with production set to start in 2026. The shift occurs amid industry concerns about potential changes in EV subsidies under a new administration, though Rivian has not directly addressed this issue.
Google Photos is launching a new “Updates” page to enhance user experience with shared albums. This feature will allow users to track changes and notifications related to shared albums and conversations, replacing the previous Sharing section. The Updates page will be accessible via a new bell icon and will display activity chronologically, making it easier for users to stay informed about their shared content.
Singapore’s digital economy has seen significant growth, with a compound annual growth rate of over 11% from 2018 to 2023. The Infocomm Media Development Authority (IMDA) reports that over 90% of SMEs have adopted digital solutions, including AI. IMDA supports these businesses through various initiatives, including financial grants for digital solutions. AI adoption among larger enterprises has also increased, with 44% using AI in 2023. The government is focused on expanding the tech workforce and ensuring responsible AI governance.
Tech Explained
Electric Vehicle Batteries – These are rechargeable batteries used to power electric vehicles, providing the necessary energy for propulsion.
AI – Artificial Intelligence is the simulation of human intelligence processes by machines, especially computer systems. In the context of the news, AI is being used in parenting tools and digital solutions to assist users in various tasks.
Compound Annual Growth Rate – Compound Annual Growth Rate is a business and investing specific term that describes the mean annual growth rate of an investment over a specified period of time longer than one year. In the news, Singapore’s digital economy has seen significant growth with a compound annual growth rate of over 11% from 2018 to 2023.
Infocomm Media Development Authority (IMDA) – IMDA is a statutory board of the Singapore government under the Ministry of Communications and Information. They are responsible for developing and regulating the infocomm and media sectors in Singapore. IMDA supports businesses through various initiatives, including financial grants for digital solutions.
Responsible AI Governance – Responsible AI Governance refers to the ethical and responsible use of artificial intelligence technologies. In the news, the government of Singapore is focused on ensuring responsible AI governance to address ethical concerns related to AI adoption.
Google Photos – Google Photos is a photo sharing and storage service developed by Google. In the news, Google Photos is launching a new “Updates” page to enhance user experience with shared albums.
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