Tech giant Intel (INTC.O) has defied expectations by posting a surprising quarterly profit, signaling a potential turnaround in the PC market. The slump in PC sales that plagued the industry over the past year is beginning to ease, and as a result, inventories have started to diminish. Canalys data shows that PC shipments only fell by 11.5% in the June…
In a remarkable financial feat, Microsoft has reported a staggering $20 billion in profit for its fiscal fourth quarter, exceeding expectations by a significant margin. This translates to a remarkable $2.69 per share, surpassing the analysts' projected figure of $2.55, as per Fast Company's report. The tech giant's revenue for the April-June quarter amounted to an impressive $56.2 billion, marking…
In a significant move towards technological advancement and economic growth, the European Union has given the green light to "The EU Chips Act," a groundbreaking initiative that will see an investment of a staggering €43 billion in building semiconductor fabs in Europe. The momentous decision, as stated in a press release from the European Council, aims to propel the EU's…
Netflix, the popular video streaming service, has exciting news for its users - the introduction of the new "My Netflix" feature. Designed for those with busy schedules who don't have the luxury of spending time searching for captivating series or movies, this feature aims to enhance the viewing experience. Accessible through the mobile application on both iOS and Android platforms,…
In the midst of a general market downturn in the second quarter of this year, Apple has defied the odds with a sharp rise in Mac sales, as revealed by the latest IDC statistics. Showcasing an impressive year-on-year growth of 10.3%, Apple emerges as the sole PC maker from the top five to achieve positive results during this challenging period.…
In a high-profile trial taking place in London, two teenagers have been charged with hacking into high-profile companies such as NVIDIA, Rockstar and Uber. The defendants, 18-year-old Arion Kortey and a 17-year-old whose identity was not disclosed, are accused of serious computer abuse, blackmail and fraud. The prosecution alleges they are involved in a hacking group known as Lapsus$. Arion…
In a landmark development, Broadcom, the US semiconductor giant, has moved one step closer to acquiring virtualization technology developer VMware in a monumental $61 billion deal. After months of intense antitrust scrutiny, the European Union regulator has finally given its approval, albeit with certain requirements to ensure healthy competition in the industry. Broadcom initially announced its intention to purchase VMware…
Apple Inc., the iconic tech giant, has reached a landmark milestone, hitting an all-time high for the first time in more than a year. This significant event underscores Apple's resurgence and reaffirms its position as an industry leader. According to Bloomberg, Apple stock was up 1.6 percent, closing the trading session at an impressive $183.79. That closing price was Apple's…
The European Commission has expressed concerns over Amazon's proposed acquisition of iRobot, citing potential implications for competition in the robot vacuum cleaner market and the strengthening of Amazon's position as an online marketplace provider. The EU regulator is conducting an investigation to determine whether access to iRobot users' data would provide Amazon with an unfair advantage in online services, including…
Intel signed a series of contracts to build semiconductor fabs in Germany, Israel and Poland, a groundbreaking move that reaffirms its commitment to Europe. These strategic investments, totaling $63 billion, demonstrate Intel's commitment to strengthening its global infrastructure and consolidating its position in the semiconductor industry. The largest investment is a $33 billion agreement to build semiconductor fabs in Germany.…
The US Supreme Court has refused to hear Genius' lawsuit against Google, thus upholding the decisions of lower courts. Genius, a web resource that publishes song lyrics under a valid license, has been trying to prove since 2019 that Google is "stealing" its work. The search engine obtains lyrics from the LyricFind service, which Genius claims is copying its lyrics…
In a surprising turn of events, Apple has witnessed a substantial increase in its global PC market share during the second quarter of 2023. This surge comes at a time when the broader PC market is grappling with declining numbers, making Apple's performance all the more remarkable. According to data from IDC, Apple experienced a year-over-year growth of 10.3%, emerging…
In a groundbreaking announcement, Toyota, the Japanese automotive giant, is set to change the electric vehicle (EV) landscape as we know it. The company has unveiled plans to introduce electric cars equipped with solid-state batteries, boasting a staggering range of up to 1,200 kilometers on a single charge and a rapid charging time of just 10 minutes. This announcement comes…
Meta, formerly known as Facebook, has revealed its latest innovation: Voicebox AI, a generative model designed to produce spoken speech based on textual inputs. This groundbreaking technology could lead to more advanced and efficient voice assistants, although Meta has not yet made the program or its source code publicly available. Voicebox AI operates on a similar model to Meta's ChatGPT…
Tech giant Intel (INTC.O) has made a surprising turnaround, posting a quarterly profit that exceeded expectations. The slump in the PC market, driven by a surge in demand during the pandemic, had led to a glut of inventories, but the situation is now beginning to stabilize. PC shipments fell only 11.5% in the June quarter, compared to the steep 30%…
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