Intel Suffers Massive Decline In Consumer Chip Sales, Stock Tanks
Chip-maker Intel suffered a 25 percent decline in consumer chip sales in the second quarter, along with revenue of $15.3 billion, down 22 percent year over year (YoY). Its profits nosedived as it lost half a billion dollars in the April-June period — a 109...
US House Clears Historic $280 Billion Bill To Cut Chip Dependency On China
After the US Senate, the House has also cleared the historic $280 billion CHIPS and Science Act to strengthen science and technology innovation and cut dependency on China when it comes to semiconductors, manufacturing, and other technologies. The House passed the bill 243 to 187,...
Apple Ropes In Lamborghini Executive To Help Boost EV Program
With an aim to boost its electric autonomous vehicle program, tech giant Apple has onboarded a veteran Luigi Taraborrelli of car maker Lamborghini, media reports say. According to Taraborrelli’s LinkedIn profile, the executive appears to have left Lamborghini in May, TechCrunch reported citing Bloomberg. Taraborrelli...
Meta Crosses $1 Billion Annual Revenue Run Rate For Reels Ads
Meta has crossed a $1 billion annual revenue run rate for ads on its TikTok rival short-video making platform Reels, and Reels now has a higher revenue run rate than Facebook/Instagram Stories at identical times post-launch, its Founder and CEO Mark Zuckerberg has revealed. Zuckerberg...
Apple iOS 16 Reduces Time Limit For Unsending iMessages
Apple iOS 16 will let users edit an iMessage five times and once they reach the limit, the edit option will disappear from the long-press menu. In previous releases of iOS 16, the company allowed 15 minutes to unsend a message. With the latest update,...
Microsoft Catches Spyware Group Targeting Customers Using Windows Bugs
Microsoft has caught an Austrian company selling spyware based on multiple Windows and Adobe zero-day exploits to attack its customers. The Microsoft Threat Intelligence Center (MSTIC) and the Microsoft Security Response Center (MSRC) found that the spyware developer — officially named DSIRF and codenamed KNOTWEED...
Paytm Denies Data Breach Affecting 3.4 Million Users’ Info
Firefox Monitor claimed that Paytm suffered a massive data breach that may have exposed the data of over 3.4 million users. However, the digital payments leader said on Wednesday that the data of its users is “completely safe”. A Paytm Mall spokesperson said that the...
Playstation VR2 To Offer Live Streaming Support
Sony has previewed a few key features for its PlayStation VR2 headset, including live streaming support along with other new features.
Over 3 Billion Devices Now On Android Globally: Sundar Pichai
During the company’s earnings call, Alphabet and Google CEO Sundar Pichai said that more than three billion monthly active devices are now running on the Android operating system globally. Pichai mentioned that consumers had activated one billion Android phones in 2021.”I am proud that Android...
WHO Says Monkeypox Outbreak Can Be Contained
The Monkeypox outbreak, which has so far caused more than 16,000 infections in about 75 countries and five deaths, can be contained, according to a World Health Organization (WHO) official. The infection was declared a public health emergency of international concern (PHEIC) by the WHO...
Russia To Pull Out Of ISS After 2024, To Build Its Own Space Station
Russia on Tuesday announced its withdrawal from the International Space Station (ISS) project after 2024 and is building its own space station in the meantime. According to Yuri Borisov, the new head of Russia’s state space corporation Roscosmos, the country will begin to form the...
Instagram To Become More Video-Focused Over Time: Mosseri
Meta-owned American photo and video sharing social networking service Instagram's head Adam Mosseri shared a video explaining the recent changes to the platform and said it will become more video-focused over time.
Twitter Not Playing Nice In Pre-Trial Process: Musk Lawyers
Elon Musk’s lawyers have filed a letter to the Delaware Chancery Court saying that the microblogging site Twitter is not playing nice in the pretrial process and should be forced to do so. The letter is addressed to Chancellor Kathaleen McCormick — who will ultimately...
Google Now Monetizing Youtube Shorts
YouTube Shorts is catching up fast and the company has seen encouraging results in its early monetization efforts on the short-video making platform. Philipp Schindler, Senior Vice President and Chief Business Officer at Alphabet (Google’s parent company), said that consumers are increasing and consuming short-form...
Microsoft Expects Xbox Gaming Sales To Slide Further
The craze for gaming on Xbox consoles is diminishing as Microsoft now expects revenue to decline in the low to mid-single digits, driven by declines in first-party gaming content on Xbox. In its June quarter, gaming revenue declined 7 percent and 5 percent in constant...
Apple Our Deepest Competitor On Metaverse: Mark Zuckerberg
Apple and Meta are in a “very deep, philosophical competition” to build the metaverse, according to Mark Zuckerberg. In a meeting with employees, he said that Meta would position itself as the more open, cheaper alternative to Apple, which is expected to announce its first...
Hackers Steal $6 Million From Blockchain Music Platform Audius
The decentralized music streaming platform Audius was hacked over the weekend, with threat actors stealing over 18 million AUDIO tokens worth approximately $6 million. Hello everyone – our team is aware of reports of an unauthorized transfer of AUDIO tokens from the community treasury. We...
Amazon Is Raising Prime Prices In Europe By Up To 43 Percent A Year
Amazon is raising the price of its Prime subscription across Europe in September by up to 43 percent a year. In an email to customers overnight, Amazon revealed its annual Prime cost will jump 20 percent in the UK from £79 to £95 from September...
Google Play Gets New Logo On Its 10th Anniversary
Google's Play Store officially completed 10 years, it is now getting a new logo to celebrate its 10th anniversary.
Samsung Begins Shipping Most Advanced 3nm Chips
Samsung Electronics on Monday marked the first shipment of 3-nanometer semiconductors at a ceremony, a key milestone in the race to build the most advanced and efficient chips to date.
