Today’s Slice of Bread for Tuesday, February 20, 2024
Xpeng’s CEO issues a warning about the intense competition in the electric vehicle (EV) industry, suggesting a potential ‘bloodbath.’ In response, the company plans to hire 4,000 new employees and increase investments in artificial intelligence (AI). What prompted Xpeng’s CEO to issue a warning about the EV industry potentially leading to a ‘bloodbath’? How does Xpeng’s strategy of hiring 4,000 people and investing in AI aim to navigate the challenges posed by intense competition in the EV market? 
Nintendo’s shares experienced a nearly 6% decline following reports indicating a delay in the release of the Switch 2 until 2025. What factors contributed to the nearly 6% decline in Nintendo’s shares? How might the delay in the release of the Switch 2 until 2025 impact Nintendo’s position in the gaming market?
Apple is reportedly facing a fine of 500 million euros from the EU as part of an ongoing antitrust crackdown. What specific antitrust violations has the EU identified in Apple’s practices leading to the proposed fine of 500 million euros? How might this significant fine impact Apple’s business operations and its standing within the EU market?
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