Author name: fakhar

Meta Platforms’ (META.O) latest social media venture, Threads, has surpassed 175 million monthly active users, CEO Mark Zuckerberg announced on Wednesday, just ahead of its first anniversary. Introduced as a competitor to X (formerly Twitter), Threads launched on July 5 last year to attract users during the tumultuous acquisition of the micro-blogging site by Elon …

Meta’s Threads reaches 175 million users prior to its one-year milestone Read More »

Samsung Electronics (005930.KS) is anticipated to report a 13-fold increase in second-quarter profit from the previous year, driven by rising demand for artificial intelligence technology, which has led to a rebound in memory chip prices. According to an average of LSEG SmartEstimates from 27 analysts, with a focus on those who are more consistently accurate, …

AI boom likely propelled Samsung’s Q2 profit to a 13-fold increase Read More »

Amazon.com (AMZN.O) announced on Wednesday that it would discontinue its Astro for Business security robot for small- and medium-sized businesses, as it shifts its focus to household robots. Originally launched for household use in 2021, the canine-like robot, Astro, was introduced for business customers in retail, manufacturing, health, and wellness sectors last November. “To accelerate …

Amazon plans to phase out its Astro for Business security robot. Read More »

In 2024, the Biden administration has revoked eight licenses that allowed certain companies to export goods to Huawei, the Chinese telecom equipment giant, according to a document initially reported by Reuters. These licenses, including those issued to Qualcomm and Intel, were rescinded as part of ongoing efforts to restrict Huawei’s access to U.S. technology. The …

In 2024, document reveals Biden’s revocation of 8 licenses for China’s Huawei. Read More »