Intel is shifting its strategy to focus on AI and robotics with its new Core Ultra Series 3 chips, aiming to regain market dominance and innovate in emerging tech like humanoid robots, despite stiff competition from AMD, Nvidia, and Qualcomm. The company is also leveraging US government support to bolster domestic manufacturing and aims to improve its core PC business by enhancing AI capabilities and battery life in laptops.
Tesla lost its position as the world's top EV maker to China's BYD in 2025 due to declining sales, increased competition, and the end of US tax credits, with BYD expanding rapidly in Europe and globally, while Tesla shifts focus to robotics and self-driving technology.
Starbucks closed around 400 stores in the U.S. in 2025 as part of a $1 billion restructuring plan, citing underperforming locations and increased competition, with plans to open new stores in 2026.
Starbucks is reducing its urban store footprint in major US cities like New York and Los Angeles due to increased competition, changing consumer habits, and operational challenges, shifting focus towards suburban expansion and store renovations to revitalize sales.
Lenka Kaur, a university office worker from Bradford who emigrated from Slovakia, reached the final of the Slovak baking competition Pečie celé Slovensko, which boosted her confidence and passion for baking, and allowed her to reconnect with her heritage.
A 3.35-acre industrial property in Fairfield, New Jersey, featuring a 28,000-square-foot warehouse, sold for $8.74 million amid high demand and limited supply, with the sale facilitated by NAI James E. Hanson.
Shimano has introduced the more affordable, fully wireless GRX RX717 gravel groupset, competing with SRAM's Rival AXS XPLR by offering a range of components including a rear derailleur, shifters, and brake levers that are compatible with existing Shimano 12-speed systems. The RX717 features advanced tech like automatic impact recovery, protected batteries, and a shareable battery system, aiming to provide high performance at a more accessible price point, primarily targeting the OEM market.
iRobot, the maker of Roomba robot vacuums, has filed for bankruptcy due to financial struggles caused by high debt, tariffs, and stiff competition from foreign rivals, and is being taken over by its Chinese manufacturer Picea Robotics, ensuring continued product support.
iRobot, the maker of Roomba vacuum cleaners, filed for Chapter 11 bankruptcy protection and will be acquired by its primary manufacturer, Picea Robotics, due to increased competition, US tariffs, and financial struggles, with the company’s valuation dropping significantly from its peak in 2021.
iRobot, the US company behind the Roomba vacuum, has filed for bankruptcy due to intense competition from Chinese rivals and increased tariffs, leading to significant financial decline from a $3.56bn valuation in 2021 to around $140m today, though its operations and support are expected to continue unaffected.
Novo Nordisk's stock declined after cutting its sales forecast due to slower growth in its diabetes and obesity treatments, amid increased competition from Eli Lilly and efforts to expand market presence, including potential acquisition of Metsera and development of an oral GLP-1 drug.
Xbox president Matt Booty stated that the company's biggest competition is now everything from TikTok to movies, rather than other consoles, as they aim to meet players where they are by moving away from console exclusivity, exemplified by Halo's upcoming release on PS5 and other platforms.
A 27-year-old American has won the prestigious International Chopin Piano Competition, highlighting a significant achievement in the classical music world.
Cory Doctorow's new book introduces the concept of 'enshittification,' describing the decline of internet platforms like Facebook and Amazon as they shift from user-friendly to profit-driven, exploiting their market power due to lack of competition and regulatory oversight. He advocates for stronger antitrust laws, interoperability, and user rights to combat this trend.
