Tag Archives: Technology News

The investor community is brewing with optimism as it expects AI to drive profit growth at a time of rising borrowing costs and supply chain problems Although the onslaught of artificial intelligence (AI) is creating a major disruption in the market date, banking giant Goldman Sachs is bullish about the tech and expects it to boost the S&P 500 profits over the next decade. The emergence of ChatGPT from OpenAI and several AI platforms subsequently, has created a significant storm in the...

Telegram has implemented various security features to enhance user privacy and data protection. Popular messaging app Telegram has addressed a recent camera and security exploit that could allow attackers to gain control of a macOS device’s camera. A spokesperson for Telegram Remi Vaughn mentioned that Telegram users are not at risk by default because the exploit requires malware to be installed on the system. Notably, Software engineer Dan Revah drew attention to this exploit in a blog...

Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.  Tencent Holdings posted its Q1 2023 results, reflecting the company’s fastest jump in quarterly revenue in over a year. The latest quarterly figures also mark a resounding rebound for the Chinese tech giant following a series of underwhelmingly flat quarters. For Q1 2023, Tencent posted an 11% year-over-year revenue jump to 150 billion Chinese yuan ($21.4 billion) compared...

Makers of Axie Infinity are hopeful that launching the game on the Apple platform will spurt growth. They are also hopeful of Apple making policies friendlier for NFTs in the future. In the latest development, Sky Mavis, the creator of the popular blockchain-enabled Axie Infinity video game, announced that the video game will be now available for download on the Apple App Store. Axie Infinity is a play-to-earn crypto game that allows gamers to battle one another while collecting or...

Google Cloud’s AI-enabled ‘Target and Lead Identification’ and ‘Multiomics’ Suites are set to improve drug discovery and precision medicine.  Google Cloud has launched two AI-powered solutions to speed up drug discovery and advance precision medicine for relevant companies. On Tuesday, the tech giant’s cloud computing suite said its newly-launched AI-powered tools would immensely help biotech and pharmaceutical companies. One of the tools, the Target and Lead Identification Suite, can...

Ahead of its rumored June release, the Apple metaverse mixed-reality headset is touted to be an industry leader.  Reports suggest that the new Apple (NASDAQ: AAPL) virtual and augmented reality headset could fast-track the emergence of the metaverse. The consumer electronics giant is on course to release its highly-anticipated mixed-reality headset in the weeks ahead. Many believe the upcoming device could spur the metaverse sector as the first genuine metaverse-specific Apple product. In...

Local media outlets say that Tesla’s 2022 auto production made up 25% of total automotive production in Shanghai. According to Chinese local media reports, Tesla Inc (NASDAQ: TSLA) cars accounted for approximately a quarter of all auto production in Shanghai last year. The US EV automaker’s 25% automotive production value in 2022 underscores the pace of its increased production output in China. Last year, Tesla generated an auto production value of 183.9 billion yuan ($26.4 billion) in...

The emergence of crypto TV shows can be attributed to several factors, including the increasing popularity of crypto, the growth of DeFi, and the interest of investors in the potential of blockchain technology. Popular crypto analytics service provider CoinMarketCap in partnership with HELLO Labs has launched the world’s first Web3 TV show dubbed Killer Whales. According to the announcement, filming has been scheduled for June in Los Angeles, with the show set to air later this year on a...

Yaccarino, over the recent months, has assisted Twitter in re-establishing its repertoire with advertising agencies. According to Wall Street Journal report, NBCU’s Head of Advertising Linda Yaccarino is all set to become the next Chief Executive Officer of Twitter. The news comes hours after Elon Musk’s announcement via Twitter that he has appointed a new CEO. Yaccarino, who devoted a major part of her life and career to WarnerMedia’s TV operations before joining NBCUniversal ten years...

The new blockchain called NewChain will be closely linked with Ethereum, promising increased governance security of the ecosystem. MakerDAO, the issuer of the DAI stablecoin, has revealed its plans for a major update it calls the “Endgame”, this follows after the platform recently published a detailed roadmap of the upcoming update. According to the May 11 announcement, the update will take place in five phases and will effect changes that will use artificial intelligence (AI) tools and...