JP Morgan’s Bold Prediction: Ethereum Set to Outshine Bitcoin in 2024
JP Morgan’s latest forecast for the crypto landscape in 2024 diverges from the prevailing optimism, predicting that Ethereum (ETH) will surpass Bitcoin (BTC) in the coming year. This forecast comes amidst a generally “cautious” outlook for the cryptocurrency...
IBM has struck a €2.1 billion deal to acquire Software AG’s enterprise integration platforms
IBM has announced its acquisition of Software AG’s enterprise integration platforms, StreamSets and webMethods, in a monumental deal valued at €2.13 billion. This strategic move aims to fortify IBM’s prowess in artificial intelligence (AI) and hybrid cloud...
TikTok has surpassed the $10 billion mark in user numbers
TikTok, the short-form video platform, has surged past the $10 billion mark in user spending, placing it in a league shared only by mobile gaming giants. According to data.ai, TikTok has become the first non-gaming mobile application to achieve this financial milestone,...
Samsung and ASML Forge $760 Million Investment for Cutting-Edge Chip Plant in South Korea
Dutch chip equipment manufacturer ASML and tech giant Samsung Electronics have committed a hefty $760 million, equivalent to 1 trillion South Korean won, to establish an advanced semiconductor manufacturing plant in South Korea. The joint investment, unveiled during South...
Google Unleashes Gemini: A Quantum Leap in AI Dominance
Google has officially launched Gemini, a groundbreaking generative artificial intelligence model touted as the tech giant’s most potent offering to date. Contrary to recent speculation about delays, Google’s announcement has sent shockwaves through the tech...
Elon Musk Presents Tesla Cybertruck to First Buyers: Cheapest Variant at $60,990, Full Availability by 2025
Elon Musk personally handed over the first Tesla Cybertruck units to select customers, including prominent figures like Reddit co-founder Alexis Ohanian. The live broadcast showcased the electric pickup’s futuristic design, accompanied by Tesla’s trademark...
European Smartphone Market Shrinks by 11%: Apple Outpaces Xiaomi, Only Honor Records Growth
The European smartphone market faced an 11% decline in the third quarter of 2023, marking the lowest sales volume for this period since 2011. Realme took the hardest hit, while Apple managed a modest dip, surpassing Xiaomi. Notably, only Honor, the former Huawei subsidiary,...
Samsung-Owned Harman Enhances Audio Arsenal with Roon Acquisition
Samsung-owned Harman has officially acquired the Roon audio platform. Roon, renowned for its multi-device music playback across different brands and rooms, will now operate under the umbrella of Harman’s extensive audio portfolio, which includes brands like AKG, dbx,...
Twitter faces loss of $75 million in ad revenue as brands suspend campaigns amid controversy
Internal documents obtained by The New York Times reveal that Twitter is set to lose a staggering $75 million in advertising revenue by the end of the year due to the suspension of over 200 ad campaigns. Major brands such as Airbnb, Amazon, Coca-Cola, and Microsoft are among...
Apple to Revolutionize Cross-Platform Messaging with RCS Integration in 2024
Apple has officially declared its adoption of the Rich Communication Services (RCS) messaging standard, set to roll out through a software update in the coming year. This significant development aims to simplify communication between iPhone and Android users, aligning Apple...