Former President Donald Trump made headlines as he took the main stage at the biggest bitcoin conference of the year in Nashville. This move comes as a surprise considering Trump’s previous negative comments about cryptocurrencies during his time in the White House. He once referred to bitcoin as a “scam” and expressed his preference for
Enterprise
Memory chip giant SK Hynix has announced its plans to invest 9.4 trillion Korean won ($6.8 billion) in building a new semiconductor manufacturing plant in South Korea. The fabrication plant, also known as a fab, will be located in South Korea’s Yongin Semiconductor Cluster, just south of Seoul. This move comes as part of the
In a recent report by Canalys, it was revealed that Apple has been edged out of the top five smartphone vendors’ list in China during the second quarter. This decline can be attributed to the increasing competition from domestic brands such as Huawei, which have been gaining momentum in the Chinese market. Apple’s market share
SK Hynix, a prominent memory chipmaker, recently announced its second-quarter profit, reaching its highest level in 6 years. The company’s revenue hit 16.42 trillion Korean won, surpassing analyst estimates by a slight margin. Operating profit also surged to 5.47 trillion Korean won, marking a significant increase from the previous year. This growth was primarily attributed
Elon Musk, the visionary CEO of Tesla, recently sparked a debate within the tech community by proposing that Tesla invest $5 billion into his newest startup, xAI. Musk posed a question on social media platform X, asking whether Tesla should make this substantial investment in xAI, a company specializing in AI software products. This informal
Wiz, the cloud security startup, has decided to decline a $23 billion acquisition offer from Google, despite it being the search giant’s largest-ever deal. Co-founder Assaf Rappaport announced this decision to employees, stating that the company will be pursuing an initial public offering (IPO) as initially planned. This move came as a surprise to many,
The technology services giant Capgemini predicts that by 2025, artificial intelligence-powered agents will be able to work together to solve tasks in a “multi-agent AI” system. This system will involve a collection of agents collaborating in a distributed manner to achieve common goals. Pascal Brier, Capgemini’s chief innovation officer, mentioned in a CNBC interview that
The recent global IT outage, blamed on a botched software update from cybersecurity company CrowdStrike, revealed just how interconnected and reliant our modern society has become on technology. With computer screens going blue worldwide, flights being grounded, hotel check-ins impossible, and freight deliveries stalled, the initial panic of a cyberterrorist attack turned out to be
In the realm of corporate enterprise IT, the frequency of large-scale attacks is on the rise. While companies invest significant resources in cyber defense to combat malicious hackers, a different type of threat is gaining traction – the single-point failure. This type of tech threat, often overshadowed by cyber attacks, stems from errors in specific
The cybersecurity firm CrowdStrike experienced a significant drop in its shares after a recent update caused a major outage that affected businesses worldwide. The shares of the company, known for its software that helps firms manage their IT security environments, plummeted by 15% in U.S. premarket trading. The CEO of CrowdStrike, George Kurtz, attributed the