Google's chief executive has denounced the controversial responses of Gemini AI, calling the tool's output completely "unacceptable". Automaker faces speed-bumps as Chrysler recalls more than 330,000 cars and Aston Martin realises nobody wants to purchase its latest EV model. All this and more on the February 29 edition of World Street.
Flying High
AirAsia is set to list its brand management unit on the Nasdaq after finalising a SPAC merger, as per CNBC. Tony Fernandes, AirAsia founder and CEO of Malaysia-based Capital A Bhd — which owns the short-haul airline and related units, including the brand business — told CNBC this week that he would seek to raise awareness of the potential in Southeast Asia’s nearly 700 million-strong population and beyond.
Green Mirage?
Aston Martin is delaying the launch of its first electric car because of a lack of consumer demand, it said on Wednesday. Aston Martin is now targeting the launch of its battery electric vehicle (BEV) in 2026, a year later than planned, becoming the latest automaker to push back electrification goals as investment in capacity and technology has outpaced the EV demand.
AI Bug
Google is working to fix its Gemini AI tool, CEO Sundar Pichai told employees in a note, saying that some of the text and image responses generated by the model were "biased" and "completely unacceptable". The company had last week paused the use of its tool that creates images of people following inaccuracies in some historical depictions generated by it.
Chip Wars
Samsung Electronics on Tuesday said it has developed a new high-bandwidth memory chip that has the “highest-capacity to date” in the industry. The South Korean chip giant claimed the HBM3E 12H “raises both performance and capacity by more than 50 percent”.
Chrysler's Speedbump
Automaker Chrysler is recalling over 3,30,000 Jeep Grand Cherokees as a result of a stressing wheel issue. The issue could cause drivers to lose control of their cards. The car’s steering knuckle might separate from the upper control arm ball joint, leading the wheel to fall off and cause accidents.
Bitcoin to Moon?
Bitcoin surged past $60,000 to a high of $64,000 in trade on February 28. The cryptocurrency is up almost 20 percent over the past five sessions and is now approaching earlier lifetime highs of $69,000. The rally is a result of money flowing into the cryptocurrency after the US SEC allowed the Bitcoin ETF to start trading in January 2024.
Flying Low
The US Federal Aviation Administration has given Boeing 90 days to solve its “systemic quality-control issues" and meet safety standards while building new planes. The FAA administrator said, "Boeing must commit to real and profound improvements.”
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