In a recent report by Canalys, it was revealed that Apple has been edged out of the top five smartphone vendors’ list in China in the second quarter. This decline in market share can be largely attributed to the increasing competition from local brands such as Huawei. Apple’s market share in China dropped to 14%
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Elon Musk, the CEO of Tesla, recently took to social media to gauge public opinion on whether Tesla should invest $5 billion into his latest startup venture, xAI. This informal poll sparked interest and speculation among investors and followers of Musk’s various ventures, including Tesla, SpaceX, The Boring Company, Neuralink, and X Corp. The question
Apple, known for its hefty investments in Hollywood projects, may need to rethink its strategy in the face of recent production losses in the streaming industry. Senior executives at Apple, including Eddy Cue, are reportedly tightening the reins on project budgets in an effort to make the Apple TV Plus streaming service more financially sustainable.
In the upcoming weeks, the financial reports of major tech companies will shed light on the feasibility and sustainability of artificial intelligence, as well as the substantial investments required to propel AI forward in the long term. A positive outlook on AI’s potential is shared by analysts at Wedbush Securities, who anticipate a surge in
ASML has once again exceeded expectations with their second-quarter earnings and sales, outperforming the LSEG consensus estimates. Their net sales of 6.24 billion euros ($6.8 billion) surpassed the expected 6.03 billion euros, while their net profit of 1.58 billion euros was higher than the anticipated 1.43 billion euros. The Dutch firm’s ability to thrive in
Artificial Intelligence (AI) is not just a buzzword in the tech world, but it is also making waves in the food industry. From self-checkout kiosks to AI ordering in drive-thru lanes, the food sector is embracing this innovative technology to enhance customer experience and reduce costs. As consumers grapple with food inflation and changing spending
When Brandon Fishman, the owner of VitaCup brand, decided to run a discount on his vitamin-infused coffee during Target’s weeklong deals event, he did not anticipate the negative impact it would have on his business on Amazon. The availability of his product on Target for a lower price compared to Amazon led to a significant
In recent weeks, the German government has been involved in selling off significant amounts of bitcoin, which has had a notable impact on the cryptocurrency market. The sales originated from a wallet operated by the country’s Federal Criminal Police Office, leading to a substantial decrease in the value of bitcoin. The total value of the
The experience of a NASCAR race has always been associated with the thunderous roar of the engines, the rush of each car zooming by at speeds over 150 mph. However, NASCAR recently unveiled its first electric racecar in downtown Chicago, symbolizing a significant shift in the motorsports industry towards electrification. This groundbreaking prototype, developed through
Aidan Gomez’s journey from being an intern at Google Brain in 2017 to co-founding Cohere, an AI startup that has raised money at a $5 billion valuation, is a remarkable one. His work on the “Attention Is All You Need” paper was instrumental in conceptualizing the transformer and triggering the generative artificial intelligence boom. In