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Phil Spencer emphasizes the importance of local gaming, while Sony cautiously explores cloud gaming with the PlayStation Portal, offering it as an additional feature rather than a primary focus. Despite past failures like Stadia, the potential for success remains, especially with Sony's experience in the market. Meanwhile, the demand for portable gaming continues to grow, prompting speculation about new hardware from both Sony and Microsoft.
Sony has introduced Soneium™, a scalable public blockchain designed to integrate Web3 technology into everyday life. Built on Ethereum Layer 2 using Optimism’s OP Stack, Soneium aims to empower creators and enhance user engagement through accessible, developer-friendly applications. A testnet will launch soon, followed by a public mainnet, as Sony seeks to make decentralized services mainstream.
Tata Motors is intensifying its electric vehicle (EV) strategy despite a market slowdown, focusing on expanding Tata.ev showrooms to enhance customer engagement and support. These outlets aim to address customer queries and promote understanding of EV technology, facilitating quicker adoption. The company has begun retailing electric versions of models like Punch, Tiago, Tigor, and Nexon, with the Currv EV also now available.
The Cybertruck's market appears smaller than anticipated, with used values plummeting from $175,000 to around $110,000 amid a lack of trade-ins for traditional trucks. Six recalls in its first year have raised concerns, making it worse than 91% of 2024 vehicles, yet many buyers seem unconcerned about safety or longevity, drawn instead by its edgy design and status symbol appeal.
Rocket Lab achieved a milestone by launching two Electron rockets within 24 hours on November 24, marking the fastest turnaround in the company's history. The first launch, a suborbital mission for hypersonic testing, took place from Virginia, while the second successfully deployed five satellites for Kinéis from New Zealand. With these launches, Rocket Lab has completed 14 Electron missions this year, maintaining a revised target of 15 to 18 launches for 2023.
Shares of National Fertilizer (NFL) surged over 4% following the company's announcement to manufacture nano urea, aligning with government initiatives for self-reliance in urea production. The Nangal plant will produce 1.5 lakh bottles of 500 ml daily, enhancing nutrient absorption for crops while being environmentally friendly. NFL, the largest Central PSU in urea manufacturing, is also expanding its agri business through extensive field research on various nano urea variants.
Amazon is set to launch its quick commerce service, codenamed Tez, in India by late December or early January, marking its first global entry into this rapidly growing market. Initially planned for 2025, the rollout has been accelerated as the company seeks to compete with established players like Blinkit, Zepto, and Swiggy Instamart.
Sony is developing a portable console to play PlayStation 5 games, aiming to compete with Nintendo's Switch and potential mobile hardware from Microsoft. While the device is in early stages, it may take years to launch, and Sony could ultimately decide against its release.
Cirba Solutions is expanding its battery recycling facility in Lancaster, Ohio, with an investment exceeding $400 million, including $82 million from the U.S. Department of Energy. This expansion will produce battery-grade metal sulfates and lithium carbonate, supporting over 250,000 EV batteries annually and creating more than 100 jobs. The facility aims to enhance the domestic supply chain for critical materials like lithium, cobalt, and nickel, significantly increasing processing capacity by 600% since 2022.
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