Short-form video platform TikTok has emerged as a financial powerhouse, with users collectively shelling out a staggering $10 billion on the platform. This achievement positions TikTok as the first non-gaming mobile application to reach such a remarkable spending milestone, standing toe-to-toe with industry giants in the mobile gaming realm. Data.ai's recent report reveals that TikTok, boasting over 1 billion monthly…
Google has officially rolled out Gemini, its highly-anticipated and formidable generative artificial intelligence model. Contrary to recent rumors of delays, the tech giant has initiated the release, unveiling Gemini as its most robust AI model yet, primed for advanced multimodal reasoning. Gemini offers versatility with three distinct use cases – Ultra, Pro, and Nano – adaptable to various platforms, from…
Elon Musk personally handed over the first Tesla Cybertruck units to select customers, including Reddit co-founder Alexis Ohanian and venture capital fund founder Philippe Sarofim. The glitzy event, broadcast in typical Tesla style, marked the culmination of six years since Musk's initial vision and four years since the futuristic pickup's debut. However, the Cybertruck's price has escalated since Musk's 2019…
iRobot, renowned for its Roomba vacuum cleaner, witnessed a staggering 17% drop in shares following a stern warning from the European Union's antitrust regulator regarding Amazon's proposed $1.7 billion acquisition. The European Commission, engaged in an in-depth investigation since July, aims to finalize its decision on the deal by February 14. Expressing preliminary concerns, the commission asserted that the acquisition…
Internal documents obtained by The New York Times reveal that Twitter is on track to lose a staggering $75 million in advertising revenue by the end of the year. The documents, sourced from Twitter's Salesforce X, highlight the impact of over 200 ad campaigns, including those from major players like Airbnb, Amazon, Coca-Cola, and Microsoft, many of which have either…
The European smartphone landscape witnessed an 11% contraction in the third quarter of 2023, marking the lowest sales since 2011, according to Counterpoint Research. Amidst this downturn, Realme faced the steepest decline, while Apple's iPhone sales dipped only slightly, surpassing Xiaomi. Notably, Honor emerged as the sole player in the top five to exhibit growth. In Western Europe, a marginal…
Harman, the audio electronics powerhouse under Samsung's ownership, has announced the acquisition of the Roon audio platform. Roon stands out as a versatile platform that allows seamless music playback across multiple devices in different rooms, transcending brand barriers. Harman, synonymous with renowned audio brands like AKG, dbx, JBL, and Soundcraft, operates globally and has been under Samsung's umbrella since 2017.…
Apple has officially announced its adoption of the Rich Communication Services (RCS) messaging standard, slated for release in 2024. This decision is seen as a response to mounting pressure from competitors like Google and Samsung, as well as regulatory considerations. The RCS feature is expected to simplify messaging between iPhone and Android users, offering a seamless cross-platform experience. An Apple…
SpaceX has introduced the third generation of the Starlink terminal, boasting a sleeker design by eliminating the motor for position adjustment, replaced by a stand. Initially available to a select group in the United States, this new terminal is lighter, thinner, and more user-friendly. The latest Starlink terminal incorporates a 10% wider field of view, enhancing its connectivity capabilities. Notably,…
The United States, the United Kingdom, and 16 other nations have collaboratively unveiled the inaugural comprehensive international agreement dedicated to safeguarding artificial intelligence (AI) technology from potential misuse. The 20-page document emphasizes the imperative for companies involved in AI development to construct systems that boast a "secure architecture." The non-binding agreement delves into specific recommendations, urging companies to meticulously design…
Apple is progressively diversifying its iPhone production to India. Analyst Ming-Chi Kuo forecasts a significant surge, with devices manufactured in India poised to constitute 12% to 14% of global iPhone shipments in 2023, a figure expected to escalate even further in the coming year. Under favorable conditions, Kuo predicts that Apple could elevate the share of Indian-made iPhones to an…
Telegram, the messaging giant boasting over 700 million users, has rolled out a game-changing feature called "Giveaways." In a bid to revolutionize transparent and authentic giveaways, channel owners can now effortlessly conduct promotions, attracting and rewarding subscribers. The impact of this move was seismic, particularly for Toncoin (TON), Telegram's native cryptocurrency. Toncoin experienced an extraordinary surge, catapulting to its highest…
Tesla has implemented a stringent resale policy, banning buyers from selling their Cybertrucks within the first year without explicit authorization. Termed the "Cybertruck Only" clause, Tesla's updated sales agreement warns of a hefty $50,000 fine or the resale value, whichever is greater, for violators. Tesla's revamped car ordering agreement allows the company to seek an injunction preventing the transfer of…
SpaceX's Starlink has reached a significant breakeven point just four years after launching its first satellites in May 2019, according to Forbes. The transformative project, which promises global internet coverage through a vast constellation of satellites, has now catapulted beyond the realm of ambition to tangible success. As of the latest reports, Starlink boasts an impressive fleet of over 5,000…
Bitcoin has emerged as the star of October 2023, recording an astounding 28.5% increase in its value. This month's rally ranks as the second most substantial monthly gain for Bitcoin this year, and it now stands as the fifth-best October in the history of this premier cryptocurrency. The cryptocurrency market, while known for its volatility, has been experiencing a series…
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