Top tech news stories today: August 29, 2024

Top tech news stories today: August 29, 2024 is profiled by BTW Media because public-source evidence links it to internet infrastructure, governance, operational dependencies, or market visibility.

Fintech

1. AI’s race for US energy butts up against bitcoin mining

U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centres. (Cryptocraft)

IT infrastructure

2. Dick’s Sporting Goods discloses unauthorised third-party access to information

Dick’s Sporting Goods said on Wednesday it discovered last week that an unauthorised third party had access to its information systems, including certain confidential data. (Yahoo Finance)Add New Post ‹ Blue Tech Wave Media — WordPress (btw.media)

3. India’s Paytm gets government nod for investment in payments arm

India’s Paytm has received an approval from the finance ministry to invest in its payment services business, the fintech firm said on Wednesday. (WKZO)

4. Samsung SDI finalises deal with GM to build $3.5 billion joint EV battery factory in US

South Korea’s Samsung SDI said on Wednesday it has completed an agreement with General Motors to build a joint electric vehicle (EV) battery factory in the U.S. state of Indiana. (Yahoo Finance)

Tech trends

5. Apple eyes bigger slice of India’s streaming, music market with Airtel deal

Apple is tying up with India’s Bharti Airtel to offer the telecom firm’s premium customers its music and video streaming services for free, giving the U.S. giant access to thousands of consumers in the world’s most populous nation. (Reuters)

6. Top streaming platforms in content-hungry India

Apple has signed a content deal with Indian telecom operator Bharti Airtel to capture a larger share of India’s $28 billion entertainment market. (Economic Times)

7. Social media platform X back up after brief outage, Downdetector shows

Social media platform X, formerly Twitter, was back up on Tuesday night after an outage that lasted less than an hour, according to outage tracking website Downdetector.com. (the JERUSALEM POST)

8. Foreign smartphone sales in China edge up 2.7% in July, according to research data

Sales of foreign-branded smartphones, including Apple Inc’s iPhone, in China rose 2.7% in July year-on-year, according to data released on Wednesday from a government-affiliated research firm. (the Print)

9. Super Micro delays annual filing to review internal controls, shares fall

AI server maker Super Micro Computer delayed the filing of its annual report, citing a need to assess “its internal controls over financial reporting,” sending shares down 25% in heavy trading on Wednesday. (Reuters)

AI

10. Apple cuts about 100 digital services jobs, Bloomberg News reports

Apple Inc. took the rare step of cutting about 100 jobs in its digital services group, part of a shift in priorities for the critical division, according to people with knowledge of the matter. (Bloomberg)

IoT

11. FAA to drone pilots: ‘Unsafe behaviour will cost you’

The Federal Aviation Administration (FAA) in the US has taken a firm stance against irresponsible drone pilots, proposing civil penalties totalling $341,413 against 27 individuals for violating federal drone regulations. (iot Tech News)