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Mykhailo Vedenin, Author at Atlantis Consultancy L.L.C-FZ

Google Unveils Project Astra: The Future of AI-Powered Object Recognition and Assistance

Google has introduced Project Astra, a pioneering AI application designed to enhance daily life by integrating advanced visual and auditory recognition capabilities with mobile technology. This innovative project showcases Google’s ongoing commitment to developing universal AI agents that provide practical, real-world assistance. Project Astra leverages your phone’s camera to identify objects, locate misplaced items, and...

Spotify Shares Soar as Paid Subscribers and Profits Rise in Q1

Spotify, the global leader in audio streaming, experienced a significant boost in its stock price following the announcement of its first-quarter profit and a surge in paid subscribers. On Tuesday, the Swedish company revealed a 14% increase in paid subscribers, bringing the total to 239 million, in line with analysts’ expectations compiled by Bloomberg. The...

AMD Gaming Revenues Down 48%: Impact of RDNA 3

The gaming sector’s downward trend is hitting hard, and AMD’s latest earnings report has spotlighted significant declines in their gaming revenue. AMD’s gaming solutions revenue dropped by 48% year-over-year in the first quarter of 2024, largely due to decreased sales of processors for Sony’s and Microsoft’s game consoles and diminished demand for Radeon discrete graphics...

Tesla Profits Plunge 55% as Hybrid Sales Gain Momentum

Tesla, the electric vehicle (EV) giant, reported a dramatic 55% drop in first-quarter profits, highlighting the challenges facing the EV industry. The company blamed “several unforeseen challenges” and increased competition from hybrid vehicles for the decline. This downturn in profitability, coupled with reduced EV sales, has prompted concerns about Tesla’s growth trajectory. In the first...

Zoom Unveils Workplace: Revolutionizing Collaboration with AI

Zoom Workplace brings communication, employee engagement, spaces, and productivity solutions together on a single platform with Zoom AI Companion capabilities woven throughout. Today’s workplace dynamics demand seamless collaboration, yet the proliferation of disparate tools often complicates rather than facilitates teamwork. According to a 2023 Morning Consult report commissioned by Zoom, over half of knowledge workers...

Telegram Surpasses Expectations with Positive Cash Flow in Q1

Telegram, the popular messaging platform, has announced a significant milestone in its financial journey. Founder Pavel Durov revealed that the company achieved positive cash flow in the first quarter of the year, setting the stage for potential profitability by the end of 2024. Rapid Growth and User Engagement Durov proudly declared that Telegram now boasts...

Apple’s Foray into Home Robotics Signals Potential Shift in Tech Strategy

Apple Inc. is delving into the realm of personal robotics, envisioning it as a potential breakthrough in their quest for the next major innovation, according to insiders familiar with the matter. Engineers at Apple have been diligently exploring the possibilities, including a mobile robot capable of autonomously navigating households, and an advanced table-top device equipped...

Tesla’s first drop in sales and BYD’s sales fell too

Tesla has stumbled for the first time since 2020, reporting a drop in sales that has sent shockwaves through the industry. Meanwhile, its rival BYD has faced a devastating collapse in sales, marking a significant downturn in their performance. Tesla’s Electric Car Sales Plummet In a surprising turn of events, Tesla’s electric car sales have...

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