samsung-electronics-issues-an-apology-for-falling-profits-despite-continued-challenges-with-ai-chips

Samsung Electronics Issues an Apology for Falling Profits Despite Continued Challenges with AI Chips

It was a rare move when Samsung Electronics made its apology public to investors after the disappointing third quarter profits in 2024, that fell below market expectations. The world’s leading production company of memory chips, smartphones, and televisions said that the operating profit for the quarter stood at 9.1 trillion won, or 6.8 billion US…

Read More
google-is-ordered-by-a-us-judge-to-allow-competition-in-the-app-store

Google is ordered by a US judge to allow competition in the app store

In a ground-breaking legal judgment, a U.S. judge ordered Google to open its Android Play Store to competition. This marked a significant change to the app distribution ecosystem of a now substantially transformed distribution system. This ruling, passed in October 2024, comes after an extended period of antitrust litigation, especially led by Epic Games-developed Fortnite….

Read More
according-to-wsj-chinese-hackers-gained-access-to-us-court-wiretap-systems

According to WSJ, Chinese hackers gained access to US court wiretap systems

Recently, Chinese hackers broke into the networks of US broadband providers. Having penetrated those networks, they made their way to court-authorized wiretap systems. The attack exposed by The Wall Street Journal has largely become a cause of serious concern regarding national security. This hacking group called “Salt Typhoon” had access for months, potentially compromising sensitive…

Read More
a-record-third-quarter-revenue-from-foxconn-due-to-ai-demand-tops-projections

A record third-quarter revenue from Foxconn due to AI demand tops projections

Foxconn, the world’s largest contract electronics maker, said it has recorded its highest revenue for any third quarter to date, as manufacturers meet increasing demand for AI servers in the wake of Google’s rollout of neural networks. The company reported revenues of $57.3 billion for Q3, an increase of 20.2 percent compared to the same…

Read More
Australian court fines Musk's X's $418,000 over an investigation into child abuse

Australian court fines Musk’s X’s $418,000 over an investigation into child abuse

The Australian court upheld a record-breaking A$610,500 fine imposed on Elon Musk’s social media application, X (formerly Twitter), following a tiff with the Australian eSafety Commissioner over compliance with the latter’s investigation into child abuse material. The court passed a decision on this following an appeal by X after the eSafety Commissioner served an order…

Read More
thailand-to-receive-1-billion-from-google-to-build-data-center-and-accelerate-ai-growth

Thailand to receive $1 billion from Google to build data center and accelerate AI growth

Google will invest close to $1 billion in Thailand, creating a new data center and doubling the size of the company’s cloud infrastructure in one of the largest bids by the technology company to reinforce its presence in Southeast Asia. The investment will be put into meeting the rising demand for cloud services and fast-tracking…

Read More
spacex-docks-at-international-space-station-to-collect-stranded-astronauts

SpaceX docks at International Space Station to collect stranded astronauts

On one critical moment in space travel, SpaceX has successfully docked its Crew Dragon capsule at the International Space Station to retrieve two NASA astronauts who have been stranded for months. The rescue mission, which took place on September 29, 2024, became necessary when a technical problem appeared regarding Boeing’s Starliner spaceship, which is intended…

Read More