Threads, which hit app stores on July 5 last year, is a spin-off of Instagram and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk’s purchase in 2022. Threads was rushed out after Musk threatened to limit the amount of posts...
Analysts forecast double-digit growth for companies such as Microsoft, driven by artificial intelligence. Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse into the bankability of artificial intelligence and whether the major investments AI requires are sustainable for the long haul.Analysts at Wedbush Securities, one of Wall Street’s...
TikTok usage has quadrupled since 2021, with 21% of Americans now using the app at least weekly. Despite the platform facing increased scrutiny over privacy and foreign influence, it remains a dominant force in the social media landscape. Its popularity among young consumers makes it a crucial tool for marketers, but a potential ban threatens...
### China Three Gorges to Build World’s Largest Solar Farm in $11 Billion Project **China Three Gorges Renewables Group, a state-owned power company, is set to construct an 8 GW solar farm as part of a nearly $11 billion integrated energy project.** This venture aims to significantly boost renewable energy capacity in China, addressing the...
Samsung Electronics Co. has reported its most impressive sales and profit growth in recent memory, driven by a resurgent demand for memory chips amidst a global AI boom. The tech behemoth posted a jaw-dropping 15-fold surge in operating profit, totaling 10.4 trillion won ($7.5 billion) for the second quarter, far exceeding analysts’ expectations. Sales also...
Taiwan Semiconductor Manufacturing Company (TSMC) briefly joined a rarefied club of companies valued at more than $1 trillion on Monday, reflecting its monumental influence on the global tech industry. With most of its factories based in Taiwan, TSMC is poised to reap significant rewards from the ongoing artificial intelligence (AI) frenzy. Here are five essential...
Battery maker LG Energy Solution Ltd. has reported a significant drop in second-quarter profit, reflecting the ongoing challenges in the electric vehicle (EV) market. The Seoul-based company revealed that its operating profit for the three months ending June 30 plunged 58% from the previous year to 195.3 billion won ($141 million). This figure fell short...
Google’s greenhouse gas emissions in 2023 were 48% higher than in 2019, according to its latest environmental report. The tech giant attributes this increase to the soaring energy demands of its data centers, driven by the explosive growth of artificial intelligence (AI). AI-powered services require significantly more computing power—and consequently, electricity—than standard online activities, prompting...
YouTube announced that it will soon prompt iOS users to choose whether they want to enable tracking for more personalized advertising within its app. This decision comes as part of YouTube’s effort to align with iOS 14.5 and later, which requires apps to obtain explicit user consent before tracking their activity across other companies’ apps...
Apple Inc. reclaimed its position as the world’s most valuable company on June 12, surpassing long-time rival Microsoft Corp. This seismic shift came as Apple’s shares surged nearly 4% to reach a record high of $215.04, propelling its market capitalization to $3.29 trillion. In contrast, Microsoft’s market cap stood marginally lower at $3.24 trillion, marking...
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