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Fidelity has dramatically lowered its valuation of Elon Musk’s social media platform X, formerly known as Twitter, highlighting the financial struggles the company faces. Since Musk acquired the platform for $44 billion in October 2022, X’s worth has plummeted, with Fidelity's latest estimate placing its value at just $9.4 billion — less than a quarter of the purchase price. Fidelity's…

Tesla's recent decision to send managers to the homes of employees on long-term sick leave has ignited significant backlash from the plant's union and raised questions about workplace ethics. This move, described by André Thierig, the manufacturing director of Tesla's Berlin-Brandenburg gigafactory, as an effort to “appeal to employees’ work ethic,” has been met with vehement opposition from labor representatives.…

Sam Altman, CEO of OpenAI, has been vocal about how artificial intelligence will reshape the future. In a recent and rare personal blog post, Altman painted a bold and optimistic picture of the world with AI, declaring that the future will be "so bright that no one can do it justice by trying to write about it now." His post…

Messaging giant Telegram is set to alter its approach to user data by providing authorities with user IP addresses and phone numbers in response to valid legal requests, as announced by CEO Pavel Durov. This significant policy shift aims to curb criminal activities and comes in the wake of Durov's recent legal troubles in France, where he faces charges related…

India’s Competition Commission of India (CCI) has accused smartphone giants Samsung and Xiaomi of colluding with e-commerce platforms Amazon and Flipkart to conduct exclusive online product launches, in violation of antitrust laws. These practices, the CCI states, have hurt smaller retailers across the country, raising concerns over free competition. Regulatory Scrutiny Deepens According to reports by Reuters, the CCI's investigation…

Samsung is reportedly accelerating plans to launch a rollable smartphone, possibly debuting as soon as 2025. This strategic shift comes amid growing challenges from rival brands that are pushing the limits of foldable technology. Facing Fierce Competition The foldable smartphone arena has become increasingly crowded, with major players like Google and OnePlus releasing compelling models. The Pixel 9 Pro Fold…

Apple has officially released iOS 18, marking a significant leap in personalization, functionality, and intelligence for iPhones. This latest software update brings deeper customization to the Home Screen, a massive overhaul to the Photos app, and the highly anticipated debut of Apple Intelligence, a system designed to revolutionize how users interact with their devices. More Customization Options Than Ever iOS…

In a highly anticipated release, Apple has unveiled its new flagship smartphones—the iPhone 16 and iPhone 16 Plus—boasting impressive advancements in technology and design. Released on September 13, 2024, these devices mark a significant upgrade over previous models, combining cutting-edge features with enhanced performance. New Features and Design Starting at $799, the iPhone 16 and iPhone 16 Plus feature the…

On Thursday, September 12, 2024, SpaceX achieved a groundbreaking milestone by conducting the world's first private spacewalk during its Polaris Dawn mission. The crew, led by billionaire and mission commander Jared Isaacman, embarked on this historic feat as they soared high above Earth. This momentous event occurred on the third day of a five-day journey in orbit, marking a new…

China has outspent South Korea, Taiwan, and the United States combined on chipmaking equipment, investing a staggering $25 billion in the first half of 2024. This unprecedented spending underscores China’s ambition to localize chip production and insulate itself from potential Western trade restrictions, as tensions surrounding technology exports continue to escalate. An Unprecedented Investment in Semiconductors China’s bold $25 billion…

Imagine powering your wearable devices from the energy of a morning jog. Researchers at the University of Surrey have developed groundbreaking flexible nanogenerators with a power density that is 140 times higher than conventional designs. This innovative technology has the potential to challenge solar panels in terms of energy efficiency, bringing us closer to a future where everyday movements generate…

A groundbreaking study published in Pest Management Science showcases an innovative approach to combating the Red Imported Fire Ant (RIFA) using a robotic canine equipped with artificial intelligence. This interdisciplinary research, conducted by teams from China and Brazil, highlights how the "CyberDog" robot, integrated with advanced AI, is revolutionizing the detection and control of this globally invasive pest. A New…

Apple has officially confirmed its highly anticipated iPhone 16 event, scheduled for September 9, 2024, at 1 p.m. ET / 10 a.m. PT. This year's theme, titled "It's Time to Shine," will take place at the renowned Steve Jobs Theater at Apple Park. The highlight of the event is expected to be the unveiling of the new iPhone 16 lineup.…

Telegram has defended its CEO, Pavel Durov, following his arrest in France, stating that the tech entrepreneur has "nothing to hide." Durov was detained at Le Bourget Airport near Paris on Saturday under a warrant related to allegations surrounding his popular messaging app. Officials claim the arrest is tied to insufficient moderation on Telegram, which is being accused of failing…

In a recent letter, OpenAI's Chief Strategy Officer Jason Kwon has expressed concerns that California’s AI safety bill, SB 1047, could slow innovation and force AI companies to leave the state. Kwon emphasizes that AI regulation should be developed at the federal level, promoting a cohesive national framework rather than a patchwork of state-specific laws. SB 1047, introduced by California…