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Mercedes To Invest Billions in e-vehicles Plants

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Mercedes-Benz will invest billions of dollars over the next several years to modernize its factories in China, Germany, and Hungary, according to the magazine Automobilwoche, as the automaker prepares to transition to electric vehicles and reduce emissions.

The European Union has set a goal of halving CO2 emissions per passenger car across their life cycle by the end of this decade compared to 2020, and it is seeking agreement on a 2035 deadline to phase out the sale of fossil-fuel vehicles.

Mercedes-Benz has stated that it will be ready to go electric by the end of this decade, if market conditions permit.

“We are investing a three-digit million amount per plant for the run up,” production manager Joerg Burzer was quoted as saying by the magazine, adding that these investments will be at the plants in Beijing, Rastatt in Germany and Kecskemet in Hungary.

The carmaker will begin construction on the Rastatt facility in the next months and will begin production of the first model of the small vehicle platform MMA in 2024. Burzer stated that the number of models manufactured there will be reduced from seven to four.

Mercedes will also invest a low-single-digit billion dollar sum on modernizing the painting systems at its German facilities in Sindelfingen, Bremen, and Rastatt.

According to the study, the modernization intends to reduce energy and water use, as well as the painting system’s reliance on gas rather than carbon-free energy.

Mercedes is also thinking about expanding its U.S. plant in Tuscaloosa, where it can take use of government subsidies under last year’s Inflation Reduction Act, according to Automobilwoche.

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Twitter Introduces 10,000 Characters To Subscribers

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Twitter Introduces 10,000 Characters To Subscribers

Twitter has introduced a new feature that will let Blue subscribers post 10,000-character-long posts — as if the social network is trying to compete with a rival newsletter platform. Along with this, this Twitter has also added support for bold and italic text formatting.

In February, the social network introduced 4,000-character-long tweets for Blue subscribers to encourage people to publish longer posts instead of threads.

This company’s push for long-form writing comes at a time when Elon Musk is introducing creator monetization tools. On Thursday, he announced that creators can apply for monetization and offer subscriptions to users.

For the next 12 months, Twitter will give all money to creators after paying Apple or Google their 30% cut. Post that, the Apple/Google tax will reduce to 15% and the social media company will take a small fee from creators.

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Nokia Aims For The Moon With 4G Internet

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Nokia will establish a 4G mobile network on the moon later this year in an effort to improve lunar findings and perhaps pave the door for human habitation on the satellite planet.

Nokia’s principal engineer, Luis Maestro Ruiz De Temino, told reporters earlier this month at the Mobile World Congress trade show in Barcelona that the Finnish telecoms firm plans to deploy the network aboard a SpaceX rocket in the coming months.

The network will be powered by an antenna-equipped base station located within the Nova-C lunar lander manufactured by the US space company Intuitive Machines, as well as a solar-powered rover.

The lander and rover will communicate over an LTE network.

The equipment will be installed in the Shackleton crater on the moon’s southern limb.

According to Nokia, the technology is designed to withstand the harsh conditions of space.

NASA’s Artemis 1 mission, which aims to deliver the first people to walk on the moon since 1972, will use the network.

According to Nokia, the goal is to demonstrate that terrestrial networks can handle the communications needs of future space missions. The network provided by Nokia will allow astronauts to speak with one another and mission control, as well as remotely operate the rover and transmit real-time video and telemetry data back to Earth.

The lander will be launched by a SpaceX rocket, according to Maestro Ruiz De Temino. He explained that the lander has a propulsion mechanism that will bring it all the way to the moon’s surface; the rocket will not carry it all the way there.
Anshel Sag, chief analyst at Moor Insights & Strategy, sees 2023 as a “optimistic target” for the debut of Nokia’s devices.

According to Sag, who communicated with Trade Algo through email, there is a good probability they will launch in 2023 if their selected launch partner does not have any setbacks or delays.

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AI Could Replace Equivalent of 300 Million Jobs – Report

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According to a research by investment firm Goldman Sachs, artificial intelligence (AI) might replace the equivalent of 300 million full-time jobs.

It has the potential to replace a quarter of all labor duties in the United States and Europe while also creating new employment and increasing productivity.

Furthermore, it has the potential to boost the overall yearly value of products and services produced globally by 7%.

According to the paper, generative AI, which can produce content that is indistinguishable from human effort, is a “major advancement.”

The government is eager to encourage investment in artificial intelligence in the UK, which it claims will “ultimately increase productivity across the economy,” and has attempted to reassure the public about its impact.

“We want to ensure that AI complements, rather than disrupts, the way we work in the UK – making our jobs better, rather than taking them away,” Technology Secretary Michelle Donelan told the Sun.

According to the paper, the impact of AI would vary across sectors: 46% of administrative jobs and 44% of legal professions might be automated, but just 6% in construction and 4% in maintenance.

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