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…
The United States, the United Kingdom, and a coalition of 18 nations have unveiled the first comprehensive international agreement outlining measures to safeguard artificial intelligence (AI) from malicious applications. The accord urges companies involved in AI development to construct systems with a "secure architecture." Outlined in a 20-page document, the agreement emphasizes the responsibility of AI developers and users to…
iRobot, synonymous with its Roomba vacuum cleaner, witnessed a 17% dip in shares as the European Union's antitrust regulator issued a warning concerning Amazon's proposed $1.7 billion acquisition. The European Commission, currently conducting an extensive inquiry into the deal initiated in July, is set to deliver its verdict by February 14, expressing preliminary concerns about potential competition constraints in the…
SpaceX has launched the third iteration of its Starlink terminal, boasting a sleeker, lighter design with a 10% wider field of view. Strikingly, the new terminal discards the motor for position adjustment, opting for a stand instead. Initially exclusive to a limited U.S. audience, the device promises improved protection against dust and moisture with a robust IP67 rating, enabling it…
Apple has officially announced its adoption of the Rich Communication Services (RCS) messaging standard, set to roll out through a software update in the coming year. The decision comes as a response to competitive pressure from industry giants like Google and Samsung, as well as regulatory considerations. Apple's RCS integration aims to simplify cross-platform messaging between iPhone and Android users.…
Apple is gradually diversifying its iPhone production to India, with projections from renowned analyst Ming-Chi Kuo suggesting that by 2024, Indian-made iPhones could constitute up to 25% of global shipments. Kuo anticipates a significant surge in the share of Indian-produced iPhones, estimating that, under favorable conditions, this figure could reach 20-25% of the total global volume by next year. This…
Tesla has introduced a stringent resale policy, prohibiting buyers from selling the futuristic vehicle within the first year without explicit authorization. The Cybertruck Only clause, embedded in Tesla's updated sales agreement, comes just ahead of the first Cybertruck deliveries slated for November 30. Under the new terms, Tesla reserves the right to take legal action against buyers who violate the…
