Finance
𝕏 TV Beta Now Available: Musk Takes a Step Forward in Realizing the ‘Super App’ Dream
September 03, 2024 – Elon Musk has recently announced the launch of the beta version of TV on his platform 𝕏. However, the service is currently limited to LG TVs (presumably running on webOS), Amazon Fire TV, and Google TV. According to Musk, the TV version of 𝕏 aims to deliver a more integrated experience,…
ByteDance Welcomes French Tycoon Xavier Niel to Its Board
September 02, 2024 – According to the official English website of TikTok’s parent company, ByteDance, Philippe Laffont, the founder of Coatue Management, has stepped down from the company’s board. Meanwhile, Xavier Niel, the French billionaire and founder of Iliad Telecom Group, has joined the ByteDance board. Xavier Niel, a French businessman with a strong presence…
Apple Stake Halved: Buffett’s Berkshire Hathaway Hits $1 Trillion Market Cap Milestone!
August 30, 2024 – Berkshire Hathaway, helmed by the legendary “Sage of Omaha,” Warren Buffett, has achieved a historic milestone by surpassing the colossal market valuation of $1 trillion for the first time, emerging as the pioneering non-tech US corporation to reach this pinnacle. This feat underscores the enduring strength and resilience of the conglomerate…
Yelp Sues Google for Antitrust Violations, Alleging Abuse of Local Search Dominance
August 29, 2024 – Yelp, the popular American consumer review platform, has filed an antitrust lawsuit against Google on Wednesday, accusing the tech giant of leveraging its dominant position to dominate the local search and advertising landscape. This legal action marks a significant escalation in Yelp’s long-standing grievances against Google’s search hegemony. In the complaint,…
GM Bolsters Software Team with Former Apple Exec Tim Twerdahl
August 28, 2024 – According to sources quoted by Bloomberg, General Motors’ software services division has hired a former Apple executive, Tim Twerdahl, who will take on the role of Vice President of Product Management. As General Motors continues to bolster the leadership team of its emerging software division, it seems to have a preference…
Sony Shares Soar as PlayStation 5 Price Hike of 19% Takes Effect in Japan
August 28, 2024 – Sony Group revealed yesterday that it will increase the price of the PlayStation 5 by a staggering 19% in Japan, effective from September 2nd, pushing the console’s new price tag close to 80,000 yen. This announcement sparked an immediate 2.7% surge in Sony’s share price on the Tokyo Stock Exchange. Concomitantly,…
Apple Services Shake-up: Over 100 Jobs Cut, Affecting Apple Books and Apple News
August 28, 2024 – Apple Inc. has disclosed a significant restructuring within its Services division, resulting in approximately 100 job cuts, according to sources familiar with the matter cited by Bloomberg. The announcement, made on Tuesday, sent shockwaves through the tech giant’s workforce, as affected employees from various teams under Senior Vice President Eddy Cue’s…
US Government Pledges Up to $50 Million to Boost HP’s Microfluidic Semiconductor Factory
August 28, 2024 – In a landmark move, the United States Department of Commerce and Hewlett-Packard (HP) inked a non-binding preliminary memorandum yesterday, outlining plans to channel up to $50 million in direct funding from the Chips and Science Act towards HP’s endeavors. This strategic allocation targets HP’s microfluidic semiconductor facility in Corvallis, Oregon, with…
NVIDIA’s Tailored H20 Chip for China Anticipated to Reach Nearly $900 Million in Annual Sales, Despite Performance Cut
July 05, 2024 – Despite a significant reduction in performance, NVIDIA’s specially supplied H20 chip for the Chinese market is estimated to generate sales exceeding $12 billion this year. According to predictions from the chip industry consulting company, SemiAnalysis, NVIDIA is expected to deliver over one million H20 chips in the current fiscal year, with…
EU Sovereign Instant Payment System wero Launches: Cross-Border Transfers Completed Within 10 Seconds
July 03, 2024 – The European Payments Initiative (EPI) has unveiled a groundbreaking instant payment system, dubbed ‘wero’, ushering in a new era of seamless transactions across the European Union. Initially, this sovereign payment platform will be accessible to customers of Germany’s Volksbanken and Sparkassen banks, marking a significant step towards financial independence and unity…