Finance
Apple to Split App Store for EU Compliance, Enabling Sideloading Amid Digital Markets Act Enforcement
January 16, 2024 – In a recent development, Apple is reportedly planning to bifurcate its App Store in the coming weeks, segregating the European Union from the rest of the world to enable sideloading. This move, according to Mark Gurman’s latest report, is in compliance with the imminent enforcement of the Digital Markets Act (DMA)…
Apple’s Annual Report Sheds Light on CEO Tim Cook’s Salary, Stock Awards, and Personal Security Costs
January 12, 2024 – Apple Inc. today released a comprehensive 116-page annual report tailored for investors, revealing key insights into executive compensation, shareholder proposals, and announcing its annual shareholder meeting scheduled for February 28th of this year. At the helm of the tech giant, CEO Tim Cook’s compensation package for 2023 tells an interesting story….
Google Confirms New Round of Layoffs Affecting Hundreds of Employees Globally
January 11, 2024 – Google has confirmed in an emailed statement that it is implementing layoffs across several teams, stating, “Organizational changes, including the elimination of certain roles globally, are ongoing within certain teams.” According to Bloomberg, the tech giant has initiated a new round of layoffs affecting hundreds of employees. Those impacted include staff…
TDK Unveils Revolutionary Battery with 10% Higher Capacity, Sparking Industry Optimism
January 05, 2024 – In a recent press release, TDK, a supplier for Apple, announced the successful development of a novel battery technology boasting a 10% higher capacity than traditional graphite anode batteries. Industry experts are even more optimistic, with some suggesting that the new battery could potentially offer over 40% more capacity within the…
Samsung and Micron’s Strategy: A 15-20% Hike in DRAM Prices Expected in Q1 2024
January 03, 2024 – Global storage giants continue to reduce production, driven by various factors such as the rise of artificial intelligence and high-performance computing applications, as well as inventory replenishment in the smartphone market. These factors have led to a sustained increase in storage product prices. According to reports from Jibang Consulting, there are…
Samsung Semiconductor Sets Ambitious Operating Profit Target for 2024
January 02, 2024 – According to reports from South Korean media outlet Hankyung, Samsung Semiconductor (DS) division has set ambitious business targets for the year. The department aims to achieve an operating profit goal of 115 trillion Korean Won (approximately 63.02 billion Chinese Yuan), signaling an impressive leap. Financial analysts also estimate Samsung Electronics’ total…
Regulatory Storm: Apple Faces Legal Challenges in 2024
January 02, 2024 – In the coming months, regulatory authorities in the United States and the European Union are gearing up to implement a series of decisions that could lead to legal ramifications for Apple in 2024, impacting its service business with an annual revenue of $85 billion. Antitrust Investigation against Google Reports reveal that…
CNN Business Names Microsoft’s Satya Nadella CEO of the Year for 2023
December 28, 2023 – As the year 2023 draws to a close, it has undeniably been a remarkable year for the rise of AI and large-scale models. Many companies have aggressively pursued artificial intelligence, integrating the technology into their products and services, with Microsoft leading the charge. Given Microsoft’s unwavering focus on emerging AI trends,…
Yann LeCun’s Critical Assessment of OpenAI’s Evolution Under Microsoft’s Influence
December 28, 2023 – In a recent interview with Wired magazine, Yann LeCun, Chief AI Scientist at Meta, launched a scathing critique of OpenAI under the leadership of Sam Altman. LeCun was candid in his assessment, stating that OpenAI has deviated from its original non-profit mission and has become a “contract research organization” for Microsoft….
Samsung Electronics Delays Production Start at Texas Semiconductor Plant to 2025
December 26, 2023 – Samsung Electronics Delays Start of Production at Texas Semiconductor Plant According to a report from Businesskorea, Samsung Electronics has postponed the start of production at its new semiconductor factory in Taylor, Texas, USA, to 2025, delaying the original target of commencing production next year. The delay is speculated to be related…