21 Jul, 2024
3 mins read

Nvidia Issues New Concerns Regarding Impact of China’s Export Regulations

Nvidia Corp. acknowledged that the U.S. may impose stricter restrictions on the sale of chips to China and warned that such a move would be detrimental to U.S. companies in the long run, echoing a widely held sentiment among the industry’s leading chipmakers. On a conference call with analysts late Wednesday, Nvidia’s chief financial officer, […]

3 mins read

UK’s Arm Begins US Listing Process After Rejecting London

Arm, a British chip designer, has begun listing its shares on the Nasdaq in New York in one of the largest IPOs in recent years after the London Stock Exchange lost out. The company, owned by the Japanese investor SoftBank, registered to list its shares on the stock market late Monday night, after months of […]

3 mins read

Microsoft Announces New Acquisition Deal for Call of Duty Game Publisher

In a strategic move to acquire gaming giant Activision Blizzard, Microsoft has put forth a revised deal after its initial $69 billion bid faced rejection from the UK competition watchdog. The tech conglomerate’s UK boss, Brad Smith, expressed confidence in the new offer’s approval, emphasizing its substantial differences. However, the UK’s Competition and Markets Authority […]

2 mins read

Meta Seeks Injunction from Norwegian Court to Suspend Privacy Fine

Meta Platforms (META.O) on Tuesday formally appealed to a Norwegian court to reverse a fine imposed by the nation’s data regulator. The fine was levied against the owner of Facebook and Instagram for breaching user privacy, a case that carries potential ramifications across Europe. Meta Platforms has been fined 1 million crowns ($94,313) daily since […]

4 mins read

Nvidia Earnings Preview: Crucial Indicator of AI Demand and Market Momentum

Nvidia (NVDA.O) investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has benefited the most from the rise of ChatGPT and other generative artificial intelligence applications, almost all of which use its graphics processors. This year, Nvidia’s stock has nearly […]

2 mins read

Tesla Introduces $10,000 Cheaper Model X and Model S with Reduced Range

As competitiveness in the electric vehicle industry heats up, Tesla introduced lower-cost variants of its Model S and Model X automobiles in the United States. Based on Tesla’s website, the lower-cost variants of both vehicles unveiled Monday are $10,000 cheaper than the normal model. The Model X Standard Range costs $88,490, compared to $98,490 for […]

3 mins read

Huawei Sees Slow Consumer Revenue Growth in the First Half of 2023

Chinese technology titan Huawei has disclosed a 2.2% year-on-year increase in its consumer business revenue for the initial half of 2023. This incremental growth, though modest, arrives in tandem with the sluggish pace of China’s anticipated economic resurgence and the persistent impact of U.S. sanctions that were set in motion back in 2019. These regulatory […]

4 mins read

Lack of Preparedness: UK Struggles to Shield Workers from AI’s Advancement

The United Kingdom finds itself ill-equipped to shield its workforce from the pitfalls that come with the increasing integration of AI technology. Rishi Sunak, amidst growing unease about the “existential risks” posed by AI’s rapid growth, is set to lead a summit addressing the safety aspects of artificial intelligence in London later this year. Away […]

2 mins read

TikTok Faces Fine Over Violation of Children’s Privacy in EU

The European Data Protection Board has reached a binding decision against TikTok for its mishandling of children’s data. The platform will likely face a substantial fine, and the ruling came after TikTok submitted legal objections in Ireland, where its European headquarters are located. The fine is expected to be imposed within four weeks. The investigation […]

3 mins read

Apple’s Ongoing AI Investments Lead to Third Quarter Revenue Slide

Apple CEO Tim Cook announced a major push into artificial intelligence (AI) as the company faced its third quarter of declining revenues, marking the longest sales slump since 2016. Despite the 1.4% drop in sales for the fiscal third quarter ending 1 July, Apple still managed to exceed analyst expectations with a profit of $19.9bn. […]