Samsung Electronics Reports Historic Low Profits in 2023, Blames Semiconductor Downturn
January 31, 2024 – In a recent announcement, Samsung Electronics has revealed its financial results for the fourth quarter and the entirety of 2023, painting a bleak picture for the tech giant. The company’s operating profit for the year plummeted by a staggering 84.86%, reaching a historical low of 6.567 trillion Korean won (approximately 35.4…
OpenAI Debuts on Hurun Global 500 as Valuation Surges, AGI Research in Focus for 2024
January 31, 2024 – The Hurun Research Institute today unveiled its “2023 Hurun Global 500” list, highlighting the world’s top 500 non-state-owned enterprises ranked based on their market value or valuation. It is reported that the threshold for entering the Hurun Global 500 has increased by 7% compared to the previous year, amounting to a…
Tesla Unveils Bold Capital Expenditure Plans for 2024 and Beyond
January 30, 2024 – Tesla has today shed light on its capital expenditure plans for 2024 and beyond through the release of its 10-K report. In keeping with its tradition of increasing investments, the electric vehicle giant anticipates spending at least 10billionthisyear,anamountthatequatestoapproximately71.8billionChineseyuan.For2025and2026,thecompanyhasbudgetedbetween8 billion and $10 billion. Acknowledging the dynamic nature of its undertakings, Tesla cautioned…
Elon Musk Announces Historic First: Human Successfully Implanted with Neuralink Brain Chip
January 30, 2024 – In a groundbreaking announcement made earlier today on platform X, Elon Musk revealed that for the first time in history, a human being has successfully undergone the implantation of a Neuralink brain-machine interface chip, with the recipient experiencing a smooth recovery. “Initial results are extremely promising, particularly in the area of…
Tesla Stock Surge Propels Musk Back to Top of World’s Richest List
January 30, 2024 – Tesla Shares Surge, Boosting Musk Back to World’s Richest In a significant market move on January 29th, Tesla’s stock price experienced a notable increase of 4.19%, closing at 190.93pershare.Thissurgeinvalueelevatedthecompany′stotalmarketcapitalizationtoawhopping606.95 billion. Consequently, this significant jump in Tesla’s stock price has propelled its CEO, Elon Musk, back to the top spot as the…
Amazon Prime Video Launches Ads in the US, Anticipating a New Revenue Boom
January 30, 2024 – Amazon has reportedly begun rolling out advertisements on its Prime Video service in the United States, a move that is anticipated to open up a new revenue stream for the retail giant. Industry experts are estimating that this new venture could generate up to 5billionannuallyforAmazononcefullyimplemented.Ofthissum,3 billion is expected to come directly…
BYD Outpaces Tesla in Electric Vehicle Sales, Reports Record Profits for 2023
January 30, 2024 – BYD Company Limited has demonstrated remarkable profitability in recent times, as evidenced by their latest financial report. According to the 2023 annual performance forecast released by the company on January 29th, BYD is anticipating a net profit attributable to shareholders in the range of 29 to 31 billion yuan for 2023….
Meta Looks to Apple’s Vision Pro to Revive Its Metaverse Ambitions, Shifting Focus to Software Development
January 29, 2024 – In a recent development, Meta is reportedly pinning its hopes on Apple’s upcoming Vision Pro headset to bolster its virtual reality (VR) endeavors and rejuvenate its $50 billion metaverse venture. According to sources cited by the Wall Street Journal, Meta executives, including Mark Zuckerberg, are optimistic about the launch of Vision…
Samsung Rolls Out Galaxy AI to Select Older Devices, Excluding Pre-2023 Models
January 29, 2024 – Samsung has recently unveiled its latest Galaxy S24 series smartphones, along with the announcement that Galaxy AI will be making its way to a selection of older devices. According to the company, this includes smartphones from the Galaxy S23 lineup, specifically the S23, S23+, S23 Ultra, and S23 FE models. Additionally,…
iOS 18: Apple’s Most Substantial Update Yet, Set to Revolutionize User Experience with Advanced AI
January 29, 2024 – In a recent development, renowned Apple insider Mark Gurman has unveiled that iOS 18, slated for release in June, is internally being touted as the most significant operating system upgrade in the company’s history, sparking considerable excitement among developers. According to Gurman’s report, Apple has integrated a brand-new artificial intelligence technology…