Telegram Achieves Profitability as Revenue Hits $1 Billion in 2024
Telegram has reached profitability, according to founder Pavel Durov, who shared the milestone in a post on Monday. The popular messaging app achieved over $1 billion in total revenue for…
CFPB Sues Walmart Over Unauthorized Bank Accounts for Delivery Drivers
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Walmart and payroll service provider Branch Messenger, alleging they engaged in deceptive and abusive practices affecting gig workers. The…
India’s Rapido Website Feedback Form Exposed Sensitive User and Driver Data
India’s ride-hailing platform Rapido recently patched a security vulnerability that exposed sensitive information of its users and drivers. Security researcher Renganathan P discovered the issue, which involved a website feedback…
Lumen Technologies Begins Process to Sell Consumer Fiber Unit
Lumen Technologies has begun the process of selling its consumer fiber business, signaling a shift in its operational focus while addressing its substantial debt, sources familiar with the matter disclosed.…
Intel Rolls Out Fixes for Arrow Lake CPUs to Improve Gaming Performance
Intel has been working to resolve performance shortcomings identified in its Arrow Lake CPUs, launched in October. Promising high performance with lower power consumption, the CPUs faced criticism for their…
NASA’s Parker Solar Probe Prepares for Closest Sun Encounter on Christmas Eve
NASA’s Parker Solar Probe is about to set another historic milestone as it swoops closer to the sun than ever before, according to NASA’s blog. On December 24 at 6:53…
Google Responds to DOJ with Plan for Search Monopoly Fixes
Google has proposed alternative remedies to address its antitrust violations, responding to the U.S. Department of Justice’s (DOJ) push for drastic measures like selling Chrome and restricting its practices favoring…
Amazon to Introduce Ergonomic Improvements Across US Facilities
Amazon has agreed to adopt new safety measures across all U.S. facilities to resolve claims by the Occupational Safety and Health Administration (OSHA) that the company failed to prevent ergonomic…
Singapore’s Bolttech Raises Over $100 Million to Reach $2.1 Billion Valuation
Insurance technology company bolttech, headquartered in Singapore, has announced raising over $100 million in its Series C funding round. Led by Dragon Fund, Mitsubishi UFJ Financial Group, and fintech direct…
Sony Acquires 10 Percent Stake in Kadokawa Amid Market Fallout
Japan’s Kadokawa Corporation, known for its popular game “Elden Ring,” faced a sharp sell-off in its stock on Friday following an announcement that dashed hopes of a full acquisition by…
OpenAI Announces o3 Model Launching Next Year
OpenAI is set to introduce its next-generation AI model, o3, early next year, with safety researchers gaining access to the technology. The announcement, made during OpenAI’s “12 Days of OpenAI”…
Tesla Recalls Nearly 700,000 Vehicles Over Tire Pressure Warning Light Issue
Tesla has issued a recall affecting close to 700,000 vehicles due to a problem with the tire pressure monitoring system (TPMS). According to the National Highway Traffic Safety Administration (NHTSA),…
US Prompts Nvidia Investigation into Chips Found in China
The U.S. Department of Commerce has urged Nvidia to investigate how its chips ended up in China over the past year, according to a report by The Information. The scrutiny…
Apple Reportedly Developing Smart Doorbell with Face ID
Apple is exploring a smart doorbell equipped with Face ID technology, according to a report by Bloomberg’s Mark Gurman. The device, currently in early development, aims to recognize residents and…
SK Hynix Secures $458 Million Grant for US Semiconductor Project
The U.S. Commerce Department announced on Thursday it has finalized an award of up to $458 million in grants for SK Hynix to fund an advanced chip packaging and R&D…
SpaceX Secures Approval for Seventh Starship Launch
SpaceX has secured regulatory approval for its seventh Starship launch, marking another milestone for the ambitious space exploration company. The Federal Aviation Administration (FAA) granted the green light for the…
Shein Agrees to Local Data and Control Rules for India Comeback
Shein, the Chinese fashion retailer, must hand over Indian customer data and relinquish control of its local operations to its partner, Reliance Retail, to return to India. Government disclosures on…
EPA Approves California’s Bold Plan to Phase Out Gas Cars
The Environmental Protection Agency (EPA) has approved California’s plan to ban the sale of new gas- and diesel-powered cars by 2035. According to ABC News, the EPA granted California the…
YouTube Partners with CAA to Help Stars Manage AI Likeness
YouTube has announced a collaboration with Creative Artists Agency (CAA) to test technology that helps high-profile actors, athletes, and creators manage AI-generated content featuring their likeness. The platform is developing…
ASML and Partners Commit $230 Million for Eindhoven Development
Dutch technology companies, including chip equipment maker ASML, have committed around $230 million to support infrastructure development in Eindhoven, one of Europe’s fastest-growing technology hubs. The announcement ties into “Operation…