Volkswagen Group, home to automotive giants like Audi and Porsche, has officially announced its commitment to adopting Tesla's North American Charging Standard (NACS) for electric vehicle (EV) charging. This follows similar decisions by Ford and GM, solidifying NACS as a universal charging standard. VW Group is currently developing an adapter solution to enable existing EV owners to access Tesla's extensive…
JP Morgan, known for its financial foresight, has made a daring prediction in the crypto realm, asserting that Ethereum (ETH) will surpass Bitcoin (BTC) in 2024. This surprising forecast comes in the midst of the industry's cautious outlook for the upcoming year and despite Bitcoin's imminent halving event, which traditionally impacts its circulation. JP Morgan's analysts attribute their prediction to…
IBM has announced a strategic move to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, in a €2.13 billion deal. This acquisition aims to fortify IBM's capabilities in artificial intelligence (AI) and hybrid cloud solutions. The StreamSets and webMethods platforms, integral components of Software AG's Super Ipaas business, offer robust functionalities such as application integration, API management, and data…
Dutch chip equipment manufacturer ASML and tech giant Samsung Electronics have committed a substantial $760 million investment to establish an advanced semiconductor manufacturing plant in South Korea. The announcement unfolded during South Korean President Yoon Sook-Yeol's four-day diplomatic visit to the Netherlands, signaling a pivotal move toward fostering a robust "semiconductor alliance" between the two nations, as reported by CNBC.…
Bitcoin, the leading cryptocurrency, has soared to $41.5 thousand, igniting optimism among industry leaders who foresee a remarkable "bullish" trend. Analysts are now speculating that Bitcoin has the potential to reach unprecedented heights, surpassing $100,000 by the close of 2024. With a remarkable 150% surge in the past year, Bitcoin has weathered challenges ranging from coin crashes to legal trials.…
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…
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