In a significant blow to Twitter’s financial landscape, internal documents obtained by The New York Times indicate that the social media giant is set to lose a staggering $75 million in advertising revenue by year-end due to the suspension of ad campaigns. The documents, sourced from Twitter’s Salesforce X, reveal the extent of the crisis,...
The United States, the United Kingdom, and 16 other nations have forged the first comprehensive international agreement aimed at safeguarding artificial intelligence (AI) from malevolent applications. The 20-page document emphasizes the imperative for companies to construct AI systems with robust security architectures, marking a pivotal step in addressing concerns surrounding the misuse of AI technology....
iRobot, renowned for its Roomba vacuum cleaner, witnessed a 17% dip in shares as the European Union’s antitrust regulator raised red flags over Amazon’s proposed $1.7 billion acquisition. The European Commission, currently conducting a thorough investigation initiated in July, indicated potential competition concerns and is slated to make a ruling on the matter by February...
SpaceX has launched the third generation of its Starlink terminal, revolutionizing satellite internet access. This lighter and thinner version ditches the motor for position adjustments, opting for a stand instead. Initially available to a select group in the U.S., this iteration boasts a 10% wider field of view, enhancing connectivity. Notable improvements include upgraded protection...
Tesla is tightening its grip on the exclusivity of its highly anticipated Cybertruck. A newly introduced Cybertruck Only clause in Tesla’s sales agreement unequivocally forbids buyers from reselling their newly acquired electric pickup within the first year without explicit authorization, under threat of a formidable $50,000 fine. As the first Cybertruck deliveries loom on Nov....
Telegram, boasting over 700 million users, has unleashed a game-changing feature, “Giveaways,” aiming to revolutionize transparent and authentic channel promotions. This strategic move not only enhances user engagement but unexpectedly triggers a surge in Toncoin (TON) valuation, catapulting it to a monumental $9 billion and securing a spot among the top ten cryptocurrencies. As Telegram’s...
Apple is gradually pivoting its iPhone production to India, a move expected to reshape global iPhone shipments. Renowned analyst Ming-Chi Kuo forecasts that iPhones manufactured in India will constitute 12% to 14% of global shipments in 2023, with projections indicating a substantial increase in the coming year. Kuo envisions a favorable trajectory for Apple, anticipating...
Elon Musk’s brainchild, Starlink, has attained financial breakeven just four years after its inaugural satellite launch in May 2019, according to Forbes. Starlink’s extraordinary journey has seen it deploy over 5,000 spacecraft into Earth’s orbit, establishing a formidable constellation of 12,000 satellites, while harboring ambitions to potentially expand this celestial army to a staggering 42,000....
Bitcoin, the pioneer of digital currencies, has demonstrated its enduring might by surging a staggering 28.5% throughout October, marking the second most impressive month in 2023 and the fifth strongest October in Bitcoin’s storied history. As the crypto world buzzes with excitement, Ethereum, Bitcoin’s closest contender, also showcased its potential with an 8.7% rise for...
Prabhakar Raghavan, the Head of Google Search, unveiled astounding financial figures that shed light on the company’s relentless pursuit of search engine supremacy in 2021. Google’s staggering investment of $26.3 billion, directed at securing its dominant position over Bing, has set new industry benchmarks by enabling default search status on a multitude of influential platforms....
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