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Nvidia CEO Optimistic About Global Tech Cooperation Under Trump Administration

Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
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Bosch to Cut Employee Hours Amid Economic Challenges

German auto parts giant Robert Bosch will reduce working hours—and consequently pay—for 450 employees in Germany starting March 2024, citing the challenging economic environment.

Details of the Adjustment

  • Effective Date: From March 1, 2024, affected employees with 38-40 hour weekly contracts will shift to 35 hours per week.
  • Locations Impacted: Primarily in Stuttgart and Gerlingen.

Broader Industry Struggles

  • Bosch Chairman Stefan Hartung recently stated that further job cuts beyond the 7,000 announced layoffs could not be ruled out.
  • The auto industry, which is central to Germany's economy, faces significant headwinds, including:
    • Volkswagen’s Cost-Cutting Efforts: Europe’s largest carmaker is pushing for a 10% pay cut to manage costs, protect profit margins, and counter competition from cheap Chinese imports.
    • Declining Demand: Slowing European car sales exacerbate pressures on the industry.

Takeaway: The reductions at Bosch underscore the growing challenges in Germany’s auto sector as companies grapple with economic difficulties and increased global competition. These measures reflect broader concerns about the health of Europe’s largest economy.

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