Apple, once a dominant player in the Chinese smartphone market, has seen its market share drop significantly in the second quarter. According to a report by Canalys, Apple's market share in China shrank to 14% in the second quarter, down from 15% in the first quarter and 16% in the same period a year ago.
Enterprise
SK Hynix, a major memory chipmaker, recently announced its second-quarter results, showcasing impressive revenue and profit growth. The company reported a revenue of 16.42 trillion Korean won (approximately $11.86 billion) and an operating profit of 5.47 trillion Korean won. These figures represent a substantial increase from the same period last year and demonstrate the company's
Elon Musk, the CEO of Tesla, recently posted a poll on social media platform X, seeking opinions on whether Tesla should invest $5 billion into his newest startup, xAI. This informal poll raised questions about the future of Tesla's investments and the potential impact on the company's financial stability. It also highlighted Musk's ambitious goals
Tesla is gearing up to unveil its second-quarter earnings report after the closing bell on Tuesday. Analysts surveyed by LSEG are anticipating earnings per share of 62 cents and revenue of $24.77 billion. The first half of the year proved to be rocky for Tesla, with the EV maker cutting over 10% of its workforce
Capgemini, a technology services giant, predicts that artificial intelligence-powered agents will be able to collaborate and solve tasks in a “multi-agent AI” system by the year 2025. This innovative system will involve a group of agents working together in a distributed and cooperative manner to accomplish objectives. According to Pascal Brier, Capgemini's chief innovation officer,
When computer screens turned blue on a global scale, the consequences were far-reaching. Flights were grounded, hotel check-ins were impossible, and freight deliveries came to a halt. The initial reaction was to suspect a cyberterrorist attack, but the truth turned out to be a botched software update by the cybersecurity company CrowdStrike. This incident highlighted
In the realm of corporate enterprise IT, the frequency of large-scale attacks has been on the rise, posing a significant challenge to companies that invest heavily in cybersecurity defense measures. While the focus has primarily been on malicious attacks orchestrated by hackers, another type of tech threat is gaining momentum – the single-point failure. This
The cybersecurity firm CrowdStrike experienced a significant decline in shares following a major outage that affected businesses globally. The outage was a result of a defect found in a content update for Windows hosts, causing a multitude of different websites to go down, grounding planes and disrupting TV broadcasts. Shares of CrowdStrike plummeted 15% in
The recent reports of the U.S. considering tighter export restrictions have sent shockwaves through the chip stocks in Asia. This news has led to a tech selloff on Wall Street, resulting in a significant drop in the share prices of major chip companies in the region. Taiwan Semiconductor Manufacturing Company, the world's largest chip supplier,
Former U.S. President Donald Trump recently made headlines with his statement suggesting that Taiwan should pay the U.S. for defense, citing that the country “doesn't give us anything.” This statement came amid ongoing tensions between Taiwan and China, with Beijing claiming Taiwan as part of its territory. Trump's comparison of the U.S. to an insurance
In a move reminiscent of Apple's approach, Anthropic, an artificial intelligence startup, and Menlo Ventures are teaming up to launch a $100 million fund aimed at supporting early-stage startups in the AI space. While Menlo Ventures will provide the cash for investing in these startups, Anthropic will offer founders $25,000 in credits to use its
Amazon Prime Day, a 48-hour event filled with discounts and deals, has been identified as a significant contributor to worker injuries, as per the findings of a Senate investigation. The Senate's Health, Education, Labor and Pensions (HELP) Committee recently released the interim results of a year-long inquiry into Amazon's warehouse working conditions. The investigation coincided
Apple recently introduced a sneak peek of its upcoming iOS 18 update, giving users and developers the chance to explore the latest features before its official release. This beta version of the software is set to accompany the launch of new iPhones this fall, providing an opportunity to identify and rectify any bugs. The most
After the incident at a rally in Pennsylvania where Donald Trump was rushed off stage due to gunshots, Elon Musk took to social media to express his full endorsement of the former president. Musk, who owns X, stated that he fully supports President Trump and hopes for his quick recovery after the tumultuous event. In