Court Leak Shows Valve’s $400 Million Payout to Small Workforce
Valve’s internal financial and staffing details have emerged from an ongoing court case, revealing that the company has paid over $400 million to fewer than 400 employees. This leak highlights…
Apple’s India Sales Soar 33%, Reaching Record High Amid Shift from China
Apple Inc. has achieved a milestone in India, with its annual sales reaching a record of almost $8 billion. This shows the rapid growth of the Indian market, where the…
Vectara Secures $25M Funding to Launch Mockingbird LLM for Enterprise RAG Solutions
Vectara, an early pioneer in Retrieval Augmented Generation (RAG) technology, is making headlines today with the announcement of a $25 million Series A funding round. This latest round brings the…
Huawei Invests $1.4 Billion in New Shanghai Center Amid Intensifying Chip War
Huawei Technologies Co is on the brink of finishing the construction of a chip research and development center in Shanghai. This development is poised to bolster China’s technological advancements despite…
India’s Affinity for Cheap Feature Phones Challenges Smartphone Brands
India, the world’s second-largest smartphone market after China with around 750 million users, is experiencing a slowdown in new smartphone sales. Many consumers find it difficult to afford a brand-new…
ASML Anticipates Surge in Orders Due to AI Chip Demand
ASML, the leading equipment supplier to computer chip makers, is set to report a significant increase in new orders when its new CEO delivers the second-quarter results on Wednesday. As…
WhatsApp now enables businesses to send authentication codes to users in India
WhatsApp has officially enabled businesses to send authentication and login codes through its API to users in India. This new feature, launched on July 1, represents a significant step in…
Tesla Pushes Robotaxi Unveiling to October
Tesla has postponed the highly anticipated unveiling of its “robotaxi” design from August 8 to October, according to Bloomberg News. The delay is attributed to the need for additional time…
European Commission Finds X’s Blue Checkmarks Misleading
The European Union has announced that the blue checkmarks on Elon Musk’s platform, X, violate the bloc’s social media laws. These checkmarks, which cost $8 for verification, are seen as…
Nvidia Investors Face a Dilemma: Determining the Right Balance in Their Stock Portfolios
Outsized positions in artificial intelligence darling Nvidia have boosted portfolio managers’ returns this year, but the bets stand to magnify risk if the chipmaker’s red-hot shares see a reversal of…
Fisker’s Ocean SUV Fire Sale Faces Major Objection
Fisker’s plan to sell its unsold Ocean SUVs to American Lease faces a significant obstacle as the U.S. Trustee’s office opposes the deal. This sale, crucial for keeping Fisker’s bankruptcy…
Google Translate May Soon Be Integrated into WhatsApp
WhatsApp is set to enhance its messaging platform with two new features, according to recent beta updates. The app is working on integrating Google Translate and rolling out a transcription…
Whistleblowers Urge SEC to Probe OpenAI’s NDAs
Whistleblowers have called for an SEC investigation into OpenAI’s NDAs, alleging that the agreements impose illegal restrictions on employees’ ability to communicate with government regulators. The complaint, initially filed in…
Meta Lifts Restrictions on Trump’s Social Media Accounts Ahead of 2024 Election
Meta has announced that it will no longer impose heightened suspension penalties on former President Donald Trump’s Facebook and Instagram accounts. This decision, effective immediately, aims to ensure all presidential…
Google Reportedly Eyeing Largest Acquisition with Wiz for $23 Billion
Google is reportedly in advanced negotiations to acquire the cybersecurity startup Wiz for $23 billion, marking the tech giant’s largest acquisition to date. The Wall Street Journal reported on Sunday,…
Australia to Enact Anti-Scam Law Targeting Internet Giants by Year-End
Australia will introduce a law by the end of the year mandating internet companies to proactively prevent scams or face substantial fines, according to the Australian Competition and Consumer Commission…
YouTube Rolls Out New Tools for Shorts Creators
Amid growing competition with TikTok and Reels, YouTube unveiled a series of new features on Thursday, July 11, aimed at enhancing its short-form video platform, YouTube Shorts. In a video…
Apple Promotes Apple Watch for Kids Amid Smartphone Restrictions in Schools
Apple has launched a new marketing campaign promoting the Apple Watch as an ideal device for kids, aiming to help parents stay connected with their children. The campaign introduces the…
WhatsApp Business Adjusts Rates to Curb Marketing Spam
WhatsApp Business is implementing new per-conversation rates aimed at reducing marketing spam. The updated pricing structure decreases rates for utility messages and increases rates for marketing messages. Meta, the parent…
Hedge Funds Eye South Korea for the Next AI Wave
Hedge funds targeting artificial intelligence-related stock market bargains are increasingly turning to South Korea’s chipmakers. They are betting that a new wave of demand for high-end memory chips and substantial…