Tag Archives: Technology News

Advancement in technology has resulted in advanced strategies that criminals and terrorists use to pounce on innocent victims. Due to companies’ privacy policies, some manufacturers of the gadgets used by the crime perpetrators end up withholding crucial information to help perpetrators. One such company is Apple Inc.After the December 6, 2019, terrorist attack on a Florida Navy base, it emerged that the criminal used iPhones for part of his plans and communications. Since then, Apple is...

South Korean automobile giant Hyundai has recently unveiled its new premium segment SUV called the Genesis GV80. This is the first sports utility vehicle from Hyundai from its Genesis collection. According to reports, Genesis will directly compete with the like of Lexus, Porsche, and BMW operating in this segment.Moreover, the design looks quite bold and distinct and comes with the collaborative efforts from Genesis’ Korea, Europe, and the U.S. office. The GV80 also hosts some premium...

The owner of popular Fortune magazine, Chatchaval Jiaravanon, plans to do a lot more in the fintech sector, through acquisitions. Jiaravanon, who also has a fintech startup called Lightnet, believes that acquisitions will pretty much change the game. In a recent interview as reported by Bloomberg, Jiaravanon said:“Acquisitions will be the quickest way for growth in a fast-changing environment.”Chatchaval’s father, Sumet Jiaravanon, is the executive chairman of Charoen Pokphand Group,...

Tesla stock price has continued to rise after making spectacular gains at the weekend. Tesla stock closed at $478.15 apiece on Friday. This has made Oppenheimer and Co. Inc. give the biggest bullish price prediction yet. The New York-based investment firm has given a price prediction of $612 per share. Sources indicate that this is the highest share price prediction given by a Wall Street firm. The firm said in a note to its clients:“We believe the company’s risk tolerance, ability to...

Instagram’s Boomerang has received an upgrade. Apart from looping, users of the social networking platform will be able to do a bit more with their videos. The platform has introduced new tools to try to compete with TikTok.The features have been expected by many users. One of the features is the trimming effect. This improves playback control for videos when editing. Other effects include “SlowMo” which reduces playback by 50%, “Echo” which produces blurry playback and “Duo” which produces...

PayPal admitted that someone discovered a possible severe security breach that could lead to the exposure of user passwords to a hacker. Alex Birsan, who discovered the breach, earned a bug bounty worth $15,300 for reporting the problem. The vulnerability itself was disclosed on January 8 and has since been repaired.In his public disclosure, Birsan wrote that this “is the story of a high-severity bug affecting what is probably one of PayPal’s most visited pages,” referring to the login...

New York-based leading business analytics platform Sisense has touched $1 billion valuation after its recent $100 million funding round. Insight Venture Partners led this funding round along with other investors Bessemer Venture Partners, Battery Ventures, DFJ Growth, and others.In the last three years, the company’s valuations have surged 200% as it now serves over 2000 customers. Some of the big names in Sisense’s client list include Nasdaq, Philips, Salvation Army, and Tinder. Amir Orad,...

Social platform Little Red Book is seeking a $6 billion valuation. The platform is reportedly in talks with investors to raise between $400 million and $500 million. It’s also worth mentioning that it has the backing of internet giants Alibaba and Tencent holdings.Xiaohongshu which means “little red book” has tried to release its app before now. The startup though has indicated that the app will be available for download to about 300 million users in app stores from July this year. It is also...

Blockchain and IoT will manage climate change. This is what the KPMG blockchain lead believes. Arun Gosh has made a few blockchain predictions. Gosh has said that the interconnected ecosystem of devices called the Internet of Things (IoT) will work alongside blockchain solutions to solve the many issues that climate change has brought to the table. He said:“The convergence of these technologies is enabling organizations to accelerate environmental governance, with blockchain’s chain of...

Japanese billionaire Yusaku Maezawa has decided to check if money can make people happy in this world. To test that, the Japanese billionaire gives away $9 million (or 1 billion yen) to his Twitter followers. 1000 randomly selected users who retweet the post below may become lucky.ZOZOTOWN新春セールが史上最速で取扱高100億円を先ほど突破！！日頃の感謝を込め、僕個人から100名様に100万円【総額1億円のお年玉】を現金でプレゼントします。応募方法は、僕をフォローいただいた上、このツイートをRTするだけ。受付は1/7まで。当選者には僕から直接DMします！ #月に行くならお年玉 pic.twitter.com/cKQfPPbOI3— Yusaku Maezawa (MZ) 前澤友作...