India Smartwatch Market Declines 30%
Being the second-largest wearable market after China, India saw its wearable device market decline for the first time ever, by 10.0% year-over-year (YoY) to 29.5 million units in Q2 2024.
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Innovation Readiness Gap Deepens, With Unclear Strategy as Main Concern
A recent study revealed an innovation readiness paradox: while the vast majority of modern businesses treat innovation as the highest priority, they have never been as unready to deliver on their innovative pledges.
AI Startup Glean Reportedly Plans to Raise $250 Million
The media reports that the startup Glean, which operates in the artificial intelligence industry, is currently in active negotiations on raising funds for $250 million.
Ant Group Invests in AI Startup Mita
Ant Group led a funding round for the startup Mita Network Technology, which operates in the space of the artificial intelligence industry and specializes in the development of search engines and digital tools for writing texts.
TSMC Sales Demonstrate Growth Amid AI Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) last month recorded an acceleration of the dynamic of the revenue growth rate by 44% year-on-year and 23,6% relative to the speed of movement of this figure on an upward trajectory in June.
Chinese Chipmaker SMIC Reports Q2 Earnings
Semiconductor Manufacturing International Corp (SMIC) on Thursday, August 8, released information on the financial results of its activities in the second quarter of the current year.
Apple Reportedly to Charge Up to $20 for Some AI Features
Apple may begin to implement the practice of charging its users up to $20 for using advanced artificial intelligence features.
SoftBank Announces $3.4 Billion Buyback
SoftBank Group Corporation announced a share buyback worth up to 500 billion yen ($3.4 billion).
Amazon Launches New Version of Its AI Image Generator
Amazon has unveiled a new version of its own image generation model, the Titan Image Generator.
Startup Riverlane Raises $75 Million
The startup Riverlane, which specializes in the development of semiconductors to reduce errors in quantum computing, announced that it managed to raise $75 million in the latest funding round.
SK Hynix Wins US Grants
South Korean SK Hynix Inc. is set to receive initial grants for $ 450 million and loans for $500 million for the implementation of a project to build an advanced chip packaging plant and a research facility in the US state of Indiana.
What Are The 3 Main Advantages Of Using Firewalls?
In today’s digital landscape, implementing a comprehensive cybersecurity strategy is crucial for organizations of all sizes to protect their networks and sensitive data from the ever-increasing threat of cyber attacks. Firewalls play a vital role in this strategy, serving as the first line of defense against malicious traffic and unauthorized access attempts. As a leading […]
Lloyds Hires AWS Exec to Lead AI and Analytics Division
Rohit Dhawan was appointed by Lloyds Banking Group as Director of AI (artificial intelligence) at the Group’s new AI Centre of Excellence, bringing together experts in Data Science, Behavioral Science, ML Engineering, Advanced Analytics and AI Ethics.
AI Chip Startup Groq Reaches $2.8 Billion Valuation
Startup Groq Inc., which operates in the artificial intelligence industry, raised investment funds for $640 million.
Xpeng Raises $150M for Its Flying Car Project
Xpeng Aeroht, a subsidiary of Chinese energy vehicle startup Xpeng Motors, has secured $150 million in a Series B1 financing round to develop a flying car.
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