Samsung job cuts October: Samsung Electronics has announced layoffs across its Asian operations, specifically in Southeast Asia, Australia, and New Zealand. The decision aims to optimize costs and enhance efficiency as the tech giant navigates a highly competitive landscape. Reasons for the Samsung Job Cuts in October Samsung’s job cuts
Apple has officially pulled out of negotiations regarding OpenAI funding round. This decision marks a significant shift in Apple’s approach to AI investment, reflecting a strategic move in a competitive landscape increasingly dominated by artificial intelligence technology. Background on OpenAI and the Funding Round OpenAI, known for its groundbreaking work
Meta has officially launched its latest innovation in augmented reality technology: the Orion glasses. During the recent Meta Connect conference, CEO Mark Zuckerberg introduced these glasses as “the most advanced glasses the world has ever seen.” Designed to overlay holographic images onto the user’s field of vision, the Orion glasses
Safe Superintelligence (SSI), the latest AI venture from Ilya Sutskever, aims to change the landscape of artificial intelligence with a mission to develop safe AI systems surpassing human capabilities. Three-Month-Old SSI Valued at $5 Billion In a remarkable development in the tech world, Safe Superintelligence (SSI), co-founded by OpenAI‘s former
At IFA 2024 in Berlin, Lenovo unveiled its latest lineup of AI-infused PCs, packed with AI-driven capabilities powered by Intel, Qualcomm, and AMD chips. During an hour-long presentation, Lenovo executives highlighted how these new computers will incorporate artificial intelligence, with a focus on enhancing productivity and user experience. Lenovo is
The tech industry faced another round of massive layoffs in August 2024. Over 27,000 jobs were slashed across the sector as companies including Intel, Cisco, IBM, and Apple announced major workforce reductions. The layoffs, affecting both established firms and startups, highlight the shifting dynamics of the tech landscape. Cisco Systems:
Nvidia, the leading AI chipmaker, experienced its largest single-day drop in history, with shares plummeting over 9% on Tuesday. This steep decline, coupled with an additional 2% drop in after-hours trading, resulted in a staggering $300 billion loss in market value. The sell-off was driven by growing investor concerns over
IFA, Europe’s massive consumer tech expo, will kick off in Berlin from September 6th to September 10th, 2024. It will attract some of the biggest companies in the world, serving as a European counterpart to CES in the United States. As the summer tech season ends, IFA will bring news
In a surprising twist, two of the biggest names in the tech industry, Apple and Huawei, are ready to unveil their latest flagship products on the same day. Apple will introduce its iPhone 16 series, while Huawei is ready to launch the world’s first tri-fold smartphone. This clash of titans
Signol successfully raises £2.5M to expand its innovative decarbonization tools. The London-based startup uses behavioral science to reduce emissions in shipping and aviation sectors. Leveraging Behavioral Science for Emission Reduction Founded in 2017, Signol works with high-emission industries to promote sustainable decision-making. Their decarbonization tools provide data-backed insights without requiring
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