China is planning to emphasize high-tech development in its upcoming 5-year plan, as tensions with the US continue to escalate, signaling a focus on advancing its technological capabilities.
Originally Published 3 months ago — by Robb Report
Prodrive has unveiled a new high-end racing simulator that combines advanced performance features with luxurious design, resembling fine furniture, and tailored for home use, with bespoke finishes and premium audio and visual components.
Dyson has unveiled the Supersonic r, an upgraded $569.99 hairdryer designed specifically for professional stylists, featuring an r-shaped design for better maneuverability and lighter weight. The device includes stacked foils for more even heating, an air filter to protect from salon debris, and RFID attachments that automatically adjust heat and power settings. The Supersonic r will be available for pros in March, with potential for its new features to eventually make their way to consumer models.
The Israeli high-tech industry is experiencing its worst downturn ever, surpassing previous setbacks such as the dot-com bubble and the Great Recession. The outlook for 2024 appears grim due to ongoing conflict, a challenging global economy, and a government mired in corruption, posing further challenges for the "Start-Up Nation."
China's focus on high-tech manufacturing and increased lending to the sector has raised concerns about overcapacity and a potential wave of cheap exports. While the government aims to make China an advanced manufacturing powerhouse, critics argue that this comes at the expense of domestic consumption and a structural shift needed for sustainable growth. The trend has alarmed trading partners, particularly in Europe, where an investigation into Chinese EV subsidies is underway. Signs of excess capacity are already emerging, such as in lithium-ion batteries and automotive production. However, Chinese production could help curb global inflation, though it may exacerbate trade tensions and the need for market-driven adjustments.
Enthusiasts armed with high-tech equipment gathered at Loch Ness in the Scottish Highlands for the largest organized "Nessie" hunt in 50 years. The event aimed to revive interest in the Loch Ness Monster legend and attract a new generation of hunters. Despite the use of sonars, thermal-imaging drones, and hydrophones, the search was as much about reviving old lore as it was about settling hard science. While no conclusive evidence was found, participants remained hopeful and expressed their belief in the existence of the legendary creature.
Samsung Electronics Executive Chairman Jay Y. Lee met with Tesla CEO Elon Musk to discuss potential cooperation in the development of IT-related technologies, such as semiconductors for autonomous vehicles. This was the first meeting between the heads of the South Korean chip giant and the US electric-vehicle maker.
China is considering banning the export of certain rare-earth magnet technology to counter the US's advantage in the high-tech arena. Officials are planning amendments to a technology export restriction list, which was last updated in 2020. China dominates the global market for rare-earth materials.
Intend BC, a German boutique component manufacturer, has released the Trinity Brake System, a machined 4-piston caliper with high-tech features, including cooling fins for downhill racing. The brakes have minimal dead stroke, use black titanium bolts, and feature a free-spinning master cylinder hose connection. The two-piece caliper is CNC’d from 7075 aluminum and contains a banjo fitting with an adjustable angle. The Trinity enduro system weighs 244g while the DH version is just 13g more, including the lever and 85mm hose. The price ranges from €798 – €903 per pair, depending on which brake mount and pad options you choose from.