Huawei Technologies showcased an impressive revival in 2023, marking the swiftest revenue escalation in the past four years. This resurgence was predominantly fueled by an upsurge in the consumer sector and the burgeoning revenue streams from nascent ventures such as smart car components, facilitating a remarkable rebound from the punitive measures imposed by the United States in 2019. The conglomerate's…
Hyundai has unveiled plans for a colossal $50 billion investment, positioning itself to seize a top-three spot in the rapidly evolving electric vehicle (EV) market by 2030. This ambitious initiative underscores Hyundai's determination to lead the charge as the automotive landscape undergoes a monumental transformation towards electrification. The Korean automotive giant's investment drive is laser-focused on fortifying its foothold in…
Pavel Durov, the founder of Telegram, proudly highlighted the remarkable achievements of the messaging platform. Boasting an impressive user base of 900 million monthly active users, Telegram has firmly established itself as one of the world’s most popular social networking applications, experiencing a significant surge from 500 million users at the beginning of 2021. Monetization Success: “Hundreds of Millions of…
Apple is reportedly in discussions with Google to integrate the Gemini artificial intelligence engine into the iPhone, according to sources cited by Bloomberg's Mark Gurman. This potential partnership comes alongside Apple's exploration of collaborating with OpenAI, the developer of ChatGPT. The collaboration between Apple and Google, if finalized, would mark a significant development in their longstanding relationship. Google has been…
Intel is set to receive a substantial injection of $8.5 billion from the U.S. government under the CHIPS and Science Act, marking the largest investment ever made under this legislation. This agreement, reached with the Department of Commerce, underscores the government's commitment to bolstering domestic semiconductor manufacturing and reducing dependence on foreign suppliers, particularly those in China. The funds allocated…
Volvo Car AB made headlines this week as it bid adieu to an era by launching its final diesel-powered vehicle, marking a significant shift in the company's strategy towards electrification. The XC90 sport utility vehicle (SUV) gracefully rolled off the assembly line at Volvo's plant in Torsland, Sweden, on Tuesday night, symbolizing the end of an era for the automotive…
Mobile app developers are facing a harsh reality: despite their efforts, many are struggling to turn a profit. RevenueCat, a leading subscription toolkit developer for mobile apps, recently analyzed data from over 30,000 apps, revealing troubling statistics. According to ArsTechnica, a mere 17% of these apps manage to scrape together $1,000 in monthly revenue, painting a bleak picture for developers…
Microsoft Corporation has broadened the scope of its Copilot Pro subscription, granting all users the opportunity to explore the capabilities of LLM GPT-4 Turbo, developed by OpenAI. Global Access and Trial Period Copilot Pro, now accessible in 222 countries worldwide, introduces a plethora of new features available for a complimentary one-month trial. Following the trial period, users can seamlessly transition…
TrendForce predicts a fierce battle between BYD and Tesla for supremacy in electric car sales for the year 2024. According to TrendForce's latest report, global sales of NEVs (New Energy Vehicles), encompassing BEVs (Battery Electric Vehicles), PHEVs (Plug-in Hybrid Electric Vehicles), and FCVs (Fuel Cell Vehicles), are projected to hit 13.03 million units in 2023, representing a growth rate of…
Xiaomi Corporation announced its imminent foray into the electric vehicle (EV) domain, triggering a remarkable surge in its share prices - the most significant intraday rise witnessed in over a year. Anticipation Meets Reality: Xiaomi's Electric Car Debut Having diligently pursued the development of its electric car endeavor, Xiaomi finally unveiled its inaugural electric sedan late last year, boasting impressive…
