IBM has announced its acquisition of Software AG’s enterprise integration platforms for a substantial €2.13 billion. This landmark deal encompasses Software AG’s StreamSets and webMethods platforms, integral components of the Super Ipaas business unveiled by Software AG in October. The acquired platforms play a pivotal role in application integration, application programming interface (API) management, and...
TikTok has recorded an unprecedented $10 billion in user spending, standing toe-to-toe with heavyweight mobile gaming giants. Data.ai reveals that TikTok, boasting 1 billion monthly active users in 2021, has now become the first non-gaming mobile application to breach the $10 billion milestone across the Apple App Store and Google Play. This spending spree on...
In a strategic move set against the backdrop of South Korean President Yoon Sook-Yeol’s visit to the Netherlands, Dutch chip equipment manufacturer ASML and tech giant Samsung Electronics have announced a monumental investment of 1 trillion South Korean won ($760 million). This substantial capital injection aims to construct an advanced semiconductor manufacturing plant in South...
Google has officially launched Gemini, heralded as its most robust generative artificial intelligence model to date. Boasting advanced multimodal reasoning capabilities, Gemini is primed for diverse applications across data centers to mobile devices, offering three distinct use cases—Ultra, Pro, and Nano. Gemini’s rollout is orchestrated through Bard’s AI assistant in a phased approach. From December...
Elon Musk personally handed over the first Tesla Cybertrucks to select customers, including Reddit co-founder Alexis Ohanian and venture capital fund founder Philippe Sarofim. The spectacle, lasting 30 minutes, encapsulated the quintessential Tesla grandeur – an amalgamation of pomp, loud music, VIP guests, and Musk’s charismatic presence. The Cybertruck’s journey to customers commenced six years...
The European smartphone market faced an 11% decline in the third quarter of 2023, marking the most significant slump since 2011, as reported by Counterpoint Research. Notably, Realme experienced the steepest decline, while Apple’s iPhone sales only marginally dipped, allowing it to surpass Xiaomi. In this challenging landscape, only Honor managed growth. The Western European...
Harman, a subsidiary of Samsung, has announced the acquisition of the Roon audio platform. Roon is renowned for its ability to seamlessly play music across multiple devices in various rooms, irrespective of brand differences. Harman, a global player in the audio electronics industry, boasts ownership of well-known brands like AKG, dbx, JBL, and Soundcraft. Under...
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...
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