fakhar, Author at TECHNOLOGIES.PK

Nvidia surpasses Microsoft to become world’s most valuable company

Leave a Comment / Markets / June 20, 2024 June 20, 2024

Nvidia (NVDA.O) clinched the title of world’s most valuable company on Tuesday, surpassing tech giant Microsoft (MSFT.O), as its high-performance processors take center stage in the race to dominate artificial intelligence technology.The chipmaker’s shares rose 3.5% to $135.58, pushing its market capitalization to $3.335 trillion. This milestone comes shortly after Nvidia overtook Apple (AAPL.O) to …

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Former Chief Scientist of OpenAI launching a new AI venture

Tech Trends / June 20, 2024 June 20, 2024

Ilya Sutskever, co-founder and former chief scientist at OpenAI, announced on Wednesday the launch of a new artificial intelligence company. The venture, named Safe Superintelligence, aims to establish a secure AI ecosystem amidst the competitive landscape of generative AI advancement. According to its website, Safe Superintelligence is headquartered in Palo Alto and Tel Aviv. Sutskever …

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India’s financial regulator fines Binance crypto exchange $2.25 million

Leave a Comment / Markets / June 20, 2024 June 20, 2024

India’s Financial Intelligence Unit (FIU) has fined Binance, the world’s largest crypto exchange, 188.2 million rupees ($2.25 million) for operating in the country in breach of local anti-money laundering regulations. India mandates that virtual digital asset service providers like crypto exchanges must register with the FIU as reporting entities and adhere to its anti-money laundering …

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SoftBank’s Son: Plans to Expand US Power Business for Generative AI

Tech News / June 20, 2024 June 20, 2024

Japan’s SoftBank Group (9984.T) plans to expand its power generation business, focusing mainly on the United States, to support generative artificial intelligence projects globally, founder Masayoshi Son announced on Thursday. SB Energy, backed by SoftBank Group, develops and operates renewable electricity businesses across the U.S. Son also mentioned that the group will seek new investment …

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Tencent’s ‘Dungeon & Fighter’ game removed from certain Android app stores

Tech News / June 20, 2024 June 20, 2024

Tencent (0700.HK) announced that starting Thursday, it will remove its popular mobile game “Dungeon & Fighter” (DnF Mobile) from select Android app stores due to expired contracts. This move reflects ongoing tensions between game developers and distributors in China, particularly over revenue-sharing issues as mobile games gain traction in the broader gaming market. Revenue-sharing splits, …

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Wolfspeed plant postponed amid EU’s chipmaking struggles

Tech Trends / June 20, 2024 June 20, 2024

Wolfspeed (WOLF.N) has postponed its $3 billion plant project in Germany, underscoring the European Union’s challenges in boosting semiconductor production and reducing dependence on Asian chips. The plant, intended for Saarland and set to manufacture chips for electric vehicles, remains under consideration as the company seeks funding, according to a spokesperson. Following a reduction in …

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Apple Watch X

Leave a Comment / Latest Gadgets / June 14, 2024 June 14, 2024

Smartwatches have become essential tools for enhancing health and fitness routines. From Fitbit and Garmin to Google’s Pixel brand, there’s a wide array of smartwatches available, offering features like step counting, heart rate monitoring, and detailed insights into sleep and menstrual cycles. Among them, the Apple Watch stands out as a market leader, having surpassed …

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A cheaper Meta VR headset

Leave a Comment / Tech News / June 14, 2024 June 14, 2024

Virtual reality technology continues to gain popularity, with major brands like Meta, PlayStation, Valve, and HTC launching various VR headsets to differing degrees of success. While the technology itself is impressive and expected to evolve further, a significant barrier remains: cost. Many potential users find themselves unable to afford VR experiences, as even the most …

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Samsung Galaxy S24

Mobile Phones / June 14, 2024 June 14, 2024

Apple faces stiff competition in the crowded smartphone market, primarily from Samsung, renowned for its high-end Galaxy S series. Details about Samsung’s upcoming phone launch remain scarce, a common occurrence in tech unveilings. However, it is highly likely to debut in early 2024, aligning with Samsung’s typical release schedule for flagship Galaxy S smartphones, traditionally …

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Nintendo’s latest gaming system

Latest Gadgets / June 14, 2024 June 14, 2024

Regardless of your opinion on the Nintendo Switch, its impact as a massive success for the Japanese company is undeniable. Since its launch in 2017, the console has expanded into several models and achieved remarkable sales, becoming the third best-selling console of all time with over 125 million units sold. However, approaching its seventh anniversary …

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