NVIDIA Loses ‘Global Number One’ Status as Market Cap Falls Below $3 Trillion
June 25, 2024 – In a stunning reversal of fortunes, NVIDIA, which had recently been crowned the world’s most valuable company with a market capitalization of 3.34trilliononJune18th,hasseenitsvalueplummetbyalmost400 billion in less than a week. As of this writing, NVIDIA’s shares have fallen by approximately 5% (after dipping to 6.44% earlier in the day before recovering slightly),…
Apple Rejects Meta AI Partnership for iOS 18 Over Privacy Issues
June 25, 2024 – Apple has rejected a potential artificial intelligence partnership with Meta, the parent company of Facebook, due to privacy concerns, according to a report by Bloomberg. The two tech giants had briefly discussed the possibility of collaborating in March of this year, but the negotiations failed to progress and Apple has no…
Apple Embarks on iPhone Production Automation Journey after Foxconn Halt: Assembly Workers Cut by 50%, Full Replacement Still a Challenge
June 25, 2024 – Following the production halt at Foxconn in 2022, Apple has been aggressively pursuing factory automation, resulting in a significant reduction of up to 50% in the number of employees on iPhone assembly lines, according to a report published by tech media outlet The Information on June 24th. The report revealed that…
Apple Launches Paid Podcast:Subscribers Get All 8 Episodes, Non-Subscribers Unlock Weekly
June 25, 2024 – Apple, a company known for its innovation in the technology sector, has ventured into a new territory with the launch of its first-ever paid podcast, “My Divo.” This marks a departure from the company’s previous podcasting efforts, which primarily consisted of free, publicly available content distributed via RSS feeds. With “My…
Apple Halts Construction of North Carolina Campus, Reason Remains a Mystery
June 25, 2024 – Apple has postponed the construction of its major new campus in North Carolina, as reported by Triangle Business Journal. The tech giant had previously announced in 2021 a significant investment of over $1 billion in the state, with plans to establish an engineering and research center in the Research Triangle area…
Netflix to Launch Free Ad-Supported Plan in Japan and Germany, Fueled by 40 Million MAU Success
June 25, 2024 – According to a report from Bloomberg, streaming giant Netflix is considering the launch of a fully ad-supported plan, allowing users to watch the platform’s video resources free of charge. However, this plan is not expected to be extended to the U.S. market. Netflix previously experimented with an ad-based free service for…
Toyota Follows Tesla’s Lead, Opens Lexus Charging Stations to All EVs
June 25, 2024 – Toyota, despite its slow transition towards electric vehicles, seems to be taking cues from the industry giant Tesla. The automaker has announced that it will open up its luxury brand Lexus’ charging stations to all electric vehicles in Japan, mirroring Tesla’s practice in the US and globally. It’s noteworthy that Lexus…
TikTok Ban Would Harm Oracle’s Revenue and Profit, Company Warns
June 25, 2024 – Oracle, the American software giant, has issued a warning to investors about the potential impact of a new law that may ban TikTok in the United States. The law, signed by President Joe Biden in April, “will prohibit the provision of internet hosting services to TikTok” unless its parent company, ByteDance,…
NLRB Files Suit Against Amazon for Illegal Termination of Employee Involved in Strike
June 24, 2024 – The National Labor Relations Board (NLRB) has filed a lawsuit against Amazon, located in Seattle, alleging that the company “illegally disciplined and terminated an employee” who had assisted in organizing a strike last May to protest new return-to-office directives issued by Amazon early last year. According to the NLRB complaint, Amazon…
Florida Family Sues NASA after Space Debris Pierces Their Home
June 24, 2024 – Earlier this year, a family in Florida had a harrowing experience when their house was hit by a piece of space debris, puncturing the roof. According to a report by CBSNews, the incident occurred on March 8th at the home of Alejandro Otero in Naples. Otero, who was on vacation at…