“Facebook’s parent company, Meta, held an event in San Francisco this week celebrating the 10-year anniversary of its Fundamental AI Research team. Meta’s chief scientist, Yann LeCun, revealed that society is more likely to witness “cat-level” or “dog-level” AI in the coming years than human-level AI. Unlike tech giants such as Google and Microsoft, Meta …
Tesla CEO Elon Musk stole the show when he unveiled details about the company’s innovative Cybertruck in Austin, Texas, just a day after his eccentric appearance at the DealBook Summit in New York where he claimed, “It will be the biggest product launch of anything by far on Earth this year.” In a dimly lit …
Apple’s impressive stock price over the last couple of decades has been propelled by its groundbreaking consumer tech, beginning with the iPod and iMac, then progressing to the iPhone and iPad, and more recently to the Apple Watch and AirPods. But beyond the iconic gadgets, Apple is harnessing its technological expertise to design custom chips …
Market research firm Counterpoint Research reported a 5% year-on-year growth in the global smartphone market in October, marking the first growth after a 27-month contraction. This growth was primarily driven by a resurgence in emerging markets, Huawei’s successful return in China, and Apple’s launch of the iPhone 15 in September. Counterpoint Research anticipates that the …
Cisco reported quarterly results that exceeded estimates, but its guidance was subpar. The company attributed the decline in product orders to clients being preoccupied with implementing Cisco offerings from previous quarters. Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | …
Sega’s COO, Shuji Utsumi, plans to expand the company’s iconic intellectual property to other platforms, such as movies, mobile, and Roblox. After the success of Sonic the Hedgehog and Sonic the Hedgehog 2, Sega aims to capitalize on its popular IP by bringing more adaptations to the world. Still from Paramount’s “Sonic the Hedgehog 2.” …
In an announcement, Salesforce’s Marc Benioff revealed that Denise Dresser, a long-serving executive, is set to take over as CEO of Slack, replacing Lidiane Jones. Since being acquired by Salesforce in 2020, Dresser will be the third CEO of the unit. Prior to joining the dating app Bumble as CEO in 2024, Jones was announced …
Ripple CEO, Brad Garlinghouse, voices his opinion at the Ripple Swell event in Dubai, accusing the SEC of losing sight of their mission to protect investors. A U.S. judge’s recent ruling deemed XRP was not a security, marking a pivotal victory for Ripple. The company continues to pursue the next steps in the case, hoping …
U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. restrictions. Nvidia is set to deliver in coming days three new chips to domestic manufacturers, Chinese financial media Cailian Press said Thursday, citing sources. Nvidia, the U.S. Department of Commerce and the Bureau …
The largest chipmaker in China, SMIC, reported an 80% drop in third-quarter profit as semiconductor challenges continue. SMIC serves as China’s biggest foundry, producing semiconductor chips designed by other companies. SMIC stated, “In the China market, the high product inventory problem that started in the third quarter of last year has been mitigated and the …