Financial giant JP Morgan has put forth a prediction that Ethereum (ETH) will outshine Bitcoin (BTC) in 2024. Despite the looming halving event for Bitcoin, which typically results in a reduction of circulating tokens, JP Morgan remains cautiously optimistic about Ethereum's potential ascent. JP Morgan's analysts have cited concerns over "excessive optimism" surrounding Bitcoin in the coming year. They underscore…
IBM is set to acquire Software AG's two cutting-edge enterprise integration platforms for a hefty €2.13 billion. This transformative acquisition targets Software AG's StreamSets and webMethods platforms, integral components of the newly introduced Super Ipaas business. Software AG's Super Ipaas business, launched in October, encompasses these two platforms renowned for their prowess in application integration, application programming interface (API) management,…
Dutch chip equipment manufacturer ASML and tech giant Samsung Electronics have announced a joint investment of 1 trillion South Korean won ($760 million) to establish a cutting-edge semiconductor manufacturing plant in South Korea. The strategic alliance was unveiled during the four-day visit of South Korean President Yoon Sook-Yeol to the Netherlands, aiming to fortify a robust "semiconductor alliance" between the…
TikTok has surged past traditional non-gaming mobile applications, amassing a staggering $10 billion in user spending across the Apple App Store and Google Play. Data.ai's latest report reveals that the short video platform, boasting 1 billion monthly active users in 2021, now stands alongside gaming giants in the realm of consumer spending. The mobile app entered 2023 with an impressive…
Google has officially launched Gemini, its groundbreaking generative artificial intelligence model, dismissing recent speculations about its postponement. Gemini boasts unparalleled multimodal reasoning capabilities, positioning itself as Google's most robust AI model to date, tailored for diverse use cases—Ultra, Pro, and Nano—capable of seamless operation across data centers to mobile devices. The rollout of Gemini integrates with Bard's AI assistant in…
Elon Musk personally handed over the first Tesla Cybertruck to select customers, including notable figures like Reddit co-founder Alexis Ohanian and venture capital fund founder Philippe Sarofim. The live broadcast exuded Tesla's signature style, blending grandeur, energetic music, VIP guests, and Musk's charismatic presence. However, the Cybertruck's journey to customers comes with unexpected twists. Originally promised at a starting price…
The cryptocurrency industry witnesses a resurgence of the Fear of Missing Out (FOMO) trend as an NFT Pet-Rock fetches over $200,000 this month. The "digital junk" market is experiencing a revival after a two-year crypto lull, with even the Pepe meme coin doubling in capitalization within weeks. Amidst the crypto landscape's unpredictable dynamics, the FTT token, associated with the now-bankrupt…
Harman, a Samsung-owned audio electronics company, has announced the acquisition of Roon, a versatile platform for multi-room music playback across various devices, irrespective of brand. Harman, renowned for audio brands like AKG, dbx, JBL, and Soundcraft, has been under Samsung's ownership since 2017. The integration of Harman's expertise into Samsung's headphones and smartphones has marked a notable synergy in the…
Documents accessed by The New York Times disclose a dire financial outlook for Twitter, anticipating a staggering loss of $75 million in advertising revenue by year-end due to campaign suspensions. Over 200 ad campaigns, featuring prominent brands like Airbnb, Amazon, Coca-Cola, and Microsoft, are either halted or contemplating withdrawal from the platform, marking a more challenging situation than initially acknowledged.…
The European smartphone market experienced an 11% decline in the third quarter of 2023. Notably, Realme took the biggest hit, while Apple showcased resilience with only a slight dip, managing to surpass Xiaomi. The standout performer amidst the challenges was Honor, the former Huawei subsidiary, emerging as the sole growth entity in the top five. According to Counterpoint Research, this…
