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YouTube Premium Unveils AI-Powered ‘Jump Ahead’ Feature for Quick Video Navigation

YouTube is ramping up its offerings for Premium subscribers with a new feature that leverages artificial intelligence to enhance video navigation. The "Jump ahead" button, first introduced as a small experiment in March, is now rolling out to a broader audience through youtube.com/new, offering a streamlined way to skip over less engaging sections in videos. This AI-driven feature aims to…

AMD Gaming Revenue Drops 48%: A Year of Struggles for Radeon GPUs and Consoles

AMD's gaming revenue experienced a dramatic 48% year-over-year drop in the first quarter of 2024, driven by declining sales of Radeon graphics cards and a reduction in orders for console processors. The downturn is set to continue throughout 2024, with recovery not expected until 2025, signaling turbulent times ahead for the company. The steep decline has led to questions about…

Google Officially Becomes a $2 Trillion Company: A New Milestone in Tech History

Google has officially crossed the $2 trillion mark in market capitalization, a landmark achievement indicating its ongoing strength and resilience in the face of significant challenges. This breakthrough comes after a turbulent year, with Google grappling with the emergence of generative AI and heightened regulatory scrutiny. Generative AI has had a profound impact on Google, pushing the company to make…

Spotify Soars as Profits and Paid Subscribers Rise: Shares See Biggest Gain in Nearly Two Years

Spotify Technology SA shares surged 16% to $314.80, marking the largest intraday increase since July 2022, after the audio-streaming giant reported a first-quarter profit and strong growth in subscriber numbers. The Swedish company's paid subscriber base grew by 14% year-on-year to 239 million, aligning with analysts' expectations. This impressive growth comes as Spotify continues to expand its offerings and introduce…

Tesla Profits Plunge by 55% as EV Sales Face Hybrid Competition

Tesla, the pioneering electric vehicle (EV) manufacturer, has reported a staggering 55% drop in profits for the first quarter of this year. The company, known for its innovative approach to sustainable transportation, cited several challenges affecting its bottom line, including heightened competition from hybrid vehicles and unforeseen disruptions such as the Red Sea conflict and an arson attack at Gigafactory…

Samsung goes into emergency mode and introduces a 6-day work week for executives

Samsung Electronics Co., the tech giant's flagship, has mandated that executives, including heads of production and sales units, work an additional day over the weekend following a regular five-day schedule. This drastic shift in corporate strategy comes as some of Samsung's major divisions posted lower-than-expected results in 2023. With rising geopolitical tensions and a protracted war in Europe, Samsung aims…

Goodbye App Store: Apple Finally Allows App Downloads from Third-Party Sites in the EU

Apple has made a groundbreaking announcement regarding iOS apps, signaling a significant departure from its traditional App Store exclusivity. The tech giant has revealed that developers meeting specific criteria will now have the option to offer their iPhone applications for direct download from third-party websites, specifically targeting users in the European Union. This move marks a pivotal shift in Apple's…

Apple Struggles Against Chinese Rivals as iPhone Shipments Plummet

The global smartphone market has experienced a significant resurgence in the first quarter, as reported by IDC. However, amidst this overall growth, tech giant Apple Inc. faces its steepest decline in iPhone shipments since the Covid-19 pandemic outbreak, highlighting challenges in its key market, China. Sharp Decline in iPhone Shipments Apple's iPhone shipments dropped by 10 percent in the March…

BlackRock Hits Record $10.5 Trillion in Assets as Markets Surge

BlackRock, the world's largest asset manager, has reached a historic milestone, with assets under management (AUM) soaring to a record $10.5 trillion in the first quarter of 2024. The firm also reported a remarkable 36% surge in profit, propelled by the buoyant global equity markets that bolstered investment advisory and administration fees. The surge in BlackRock's AUM, which spiked by…

Telegram’s Cash Flow Soars: Eyes Billionaire Status

Telegram has reported positive cash flow in the first quarter of the year, setting the stage for a potential profitable year ahead. Pavel Durov, the enigmatic founder of Telegram, announced that the popular messaging platform ended the last quarter on a high note, with expectations soaring for turning a profit by the end of 2024. Durov's announcement comes hot on…

Introducing Zoom Workplace: Reimagine teamwork with your AI-powered collaboration platform

Zoom Workplace brings communication, employee engagement, spaces, and productivity solutions together on a single platform with Zoom AI Companion capabilities woven throughout. Today, dispersed teams and disconnected collaboration tools have created unwanted complexity — in the form of more meetings, siloed communication channels, and information overload. A 2023 Morning Consult report commissioned by Zoom revealed that more than half of…

Apple Explores Home Robotics as Potential ‘Next Big Thing’ After Car Fizzles

The endeavor encompasses the development of a mobile robot designed to seamlessly navigate households, tailoring itself to users' movements. Additionally, Apple has delved into crafting an advanced table-top device employing robotics to maneuver a display, enhancing user interaction within domestic spaces. Amid the dawn of this initiative, Apple finds itself at a critical juncture, compelled to diversify revenue streams following…

Tesla reports first drop in electric car sales since 2020

In the ongoing saga of Tesla versus BYD electric cars, a new chapter unfolds with Tesla reporting a significant downturn in its sales, marking its first decline since 2020. Meanwhile, BYD, the Chinese electric vehicle manufacturer backed by Warren Buffett, faced a staggering collapse in sales, plummeting nearly 1.5 times. Tesla Electric Car Sales: Worse Than Expected Even the usually…

Huawei Bounces Back: $97.48B Revenue Signals Business Revival

In a remarkable resurgence, Huawei Technologies reported a staggering $97.48 billion in revenue for 2023, marking its fastest growth in four years. This resurgence comes as a testament to the company's ability to navigate through turbulent waters, particularly in the aftermath of the 2019 U.S. sanctions. Consumer Segment Revival The consumer segment emerged as a key driver behind Huawei's impressive…