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Leaders
Chinese EV maker Xpeng to hire 4,000, invest $486.2 million in AI
* Xpeng’s CEO said the company plans to hire 4,000 new employees and invest 3.5 billion yuan ($486.2 million) in artificial intelligence technology. * The Ch…
Events
Nintendo shares plunge on delayed Switch 2 launch
Nintendo’s delay of Switch 2 to early 2025, from late 2024, led to an 8.8% stock drop, affecting revenue projections.
Companies
Google feature automates customer service calls
Google’s “Talk to a Live Representative” feature automates customer service calls, notifying users when a human agent is available.
Global
Bitcoin now 80 trillion times more difficult to mine, with halving set for April
Bitcoin mining difficulty, which measures the difficulty of solving cryptographic puzzles in the mining process, exceeded 80 trillion.
Events
Report reveals $1.9B surge in VC funding for cryptocurrencies in Q4 2023
Venture funding for cryptocurrency-related businesses reached $1.9 billion in Q4 2023, marking a notable increase from the previous quarter.
Governance
Europe’s Digital Services Act applies in full from February 18
The EU’s relaunched e-commerce rules are fully applicable from tomorrow, potentially setting new legal obligations on thousands of platforms and digital busi…
Events
A game-changing partnership unveiled: LARUS & CMI sign MOU
LARUS Limited, a prominent IP address solutions company, has recently announced a significant achievement in the form of an MoU signed with CMI. This partner…
Companies
Top tech stories today: February 19, 2024
Major social media platforms, such as YouTube, are testing new features. Bitcoin’s mining difficulty has experienced a notable surge
Companies
Spotr, Dutch data platform, earned $4.8M funds to build largest database
Spotr, a Dutch property data platform, secures $4.8 million in funding to bolster its position as a global property data platform.
Events
KYND announces major investment to drive cybersecurity solution
KYND,a cybersecurity firm, announced the completion of a significant investment to support its growth and further development.
Leaders
The ‘world’s largest casino’ exposed customers’ personal data
WinStar, based in Oklahoma, bills itself as “the world’s largest casino. Casino and hotel resorts also offer an app, My WinStar, where guests can access self…
Companies
The EU will fine Apple 500 million euros
The EU plans to fine Apple around 500 million euros for antitrust violations, its first such penalty, alleging unfair competition.
Companies
Electric vehicles will account for 60% of new car production in 2030
The Biden administration aims to ease car emissions rules, granting more time, but faces industry skepticism over feasibility.
Companies
Biden slowed the transition to EVs to appease automakers
Sources first told The New York Times that the administration’s shift on tackling climate change was intended to placate automakers and unions. New legislati…
Companies
OpenAI has become the world’s third largest unicorn
OpenAI’s valuation skyrockets to over $80 billion post stock sale, marking a significant surge in investor confidence.
Leaders
Graphcore sells assets and seeks to raise $500 million
Graphcore, the “British NVIDIA,” faced a 46% revenue drop in 2023, seeking outside investors like OpenAI and SoftBank to offset losses.
Companies
Nvidia’s market cap has surpassed that of Amazon and Alphabet
The world’s largest tech companies are engaged in an artificial intelligence chip arms race, each hoping to develop its own GPU chips in a bid to dethrone Nv…
Leaders
Zuckerberg has taken a cautious stance on brain-computer chips
Meta’s CEO cautiously approaches Brain-Computer Interface tech, contrasting with Neuralink’s bold strides in implantable chips.
Companies
YouTube Shorts has added music video mixing
YouTube’s new feature allowing creators to remix music videos responds to TikTok’s licensing issues, giving it an advantage.
Governance
Meta: An additional 30% fee for promoting posts via iOS
Meta imposes a 30% fee on advertisers promoting posts through iOS apps, aligning with Apple’s App Store policies.