Former Star Entertainment Group executives Matthias Bekier and Paula Martin have been penalised for breaching the Corporations Act. Justice Michael Lee imposed fines of $700,000 and $400,000 respectively, along with disqualification orders of six and seven years.
SpaceX has surpassed Amazon in market valuation, becoming the fifth-largest company on Wall Street. Meanwhile, a judgment is imminent for Star Entertainment regarding director failures. The RBA warns of potential interest rate hikes, while US sanctions on Iran are set to be eased.
Hesai, the world's largest lidar sensor maker for cars, plans to design and manufacture its own chips rather than rely on third-party suppliers, CEO David Li Yifan announced at a media briefing. The company says existing chip providers cannot meet the specific needs of lidar sensor development, as no other company develops chiplets specifically for lidar makers. The announcement comes as Chinese EV manufacturers increasingly demand powerful computing capabilities to support advanced autonomous driving features, with Xpeng claiming its indigenous Turing chip outperforms Nvidia's Drive Orin X by three times.
