fakhar, Author at TECHNOLOGIES.PK

TSMC says it has examined moving fabs out of Taiwan however such a move unimaginable

Tech News / June 4, 2024 June 4, 2024

Taiwanese agreement chipmaker TSMC (2330.TW), opens new tab, whose significant clients incorporate Nvidia and Apple, said on Tuesday it had held talks for certain clients about moving its chip plants off the island as strains mounted with China yet such a move would be incomprehensible.Strains among China and Taiwan have expanded strongly since Beijing sent …

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GameStop Rises as Roaring Kitty Announces Investment in Reddit Post

Leave a Comment / Tech News / June 4, 2024 June 4, 2024

GameStop (GME.N) shares surged 21% on Monday after the stock influencer known as “Roaring Kitty” returned to Reddit, revealing a $116 million investment in the struggling video game retailer. GameStop shares closed at $28, having soared as much as 75% during the session. Approximately $4.7 billion worth of GameStop shares were traded by the market’s …

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Microsoft Faces Austrian Privacy Complaints Over Its Education Program

Leave a Comment / Tech Trends / June 4, 2024 June 4, 2024

On Tuesday, Microsoft (MSFT.O) faced two complaints filed by the privacy advocacy group NOYB with the Austrian privacy watchdog concerning its online education software. These are the latest grievances against the U.S. tech giant. Online educational programs gained popularity during the COVID-19 pandemic as schools switched to remote teaching, turning students into online learners. NOYB’s …

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AMD Launches New AI Chips to Challenge Nvidia

Leave a Comment / Tech News / June 4, 2024 June 4, 2024

Advanced Micro Devices (AMD) unveiled its latest artificial intelligence processors on Monday and outlined its AI chip development strategy for the next two years, aiming to challenge industry leader Nvidia. “AI is our top priority as a company, and we’ve focused all our development efforts to support that,” Su told reporters. “The annual release cycle …

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Twitch, owned by Amazon, revamps its safety advisory council

Leave a Comment / Tech News / May 31, 2024 May 31, 2024

Amazon’s streaming service Twitch is revamping its safety advisory council by adding members from its community of “Twitch Ambassadors,” the company announced on Thursday. Twitch Ambassadors are users who actively contribute to the Twitch community in a positive way, according to the platform’s website. Previously, the council comprised online safety experts and advocates against cyberbullying. …

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EU greenlights Italian subsidy for $5.4 billion STMicro chip factory

Leave a Comment / Tech News / May 31, 2024 May 31, 2024

On Friday, the European Commission gave its approval for Italian government assistance to STMicroelectronics (STMPA.PA) for the construction of a 5 billion euro ($5.4 billion) chip facility. This move comes as Europe strives to decrease its dependence on Asian imports for crucial manufacturing components. Located in Catania, Sicily, the plant will receive approximately 2 billion …

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Dell’s profitability and margin impacted by increased AI expenses, leading to share decline

Leave a Comment / Tech News / May 31, 2024 May 31, 2024

Dell (DELL.N) projected lower-than-expected profit for the current quarter on Thursday, citing increased costs associated with building servers optimized for heavy AI workloads. This announcement led to a more than 17% drop in its shares during after-hours trading. The Round Rock, Texas-based company anticipates a decline of approximately 150 basis points in adjusted gross margin …

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Crypto ‘re-staking’ platforms surge as traders seek higher returns

Future / May 31, 2024 May 31, 2024

Over $18 billion worth of cryptocurrency has flowed into a new type of platform that rewards investors for locking up their tokens, in a complex scheme that analysts warn could pose risks to users and the crypto market. The rapid rise of “re-staking” highlights the latest wave of risk-taking in crypto markets as prices surge …

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US lawsuit claims Musk ignored warnings and concealed Twitter stake

Leave a Comment / Tech Trends / May 31, 2024 May 31, 2024

Elon Musk ignored repeated warnings about U.S. securities disclosure obligations potentially triggered by his growing stake in Twitter in 2022, according to a Morgan Stanley executive who assisted Musk in secretly acquiring shares in the social media company, claims a lawsuit. The lawsuit alleges that Musk and his associate Jared Birchall were aware of and …

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Sources indicate that TikTok is preparing a US version of the app’s core algorithm.

Leave a Comment / Tech News, Tech Trends / May 31, 2024 May 31, 2024

TikTok is developing a separate version of its recommendation algorithm for its 170 million U.S. users, aiming for an independent operation from its Chinese parent company and potentially easing concerns of American lawmakers who want to ban the app, according to sources familiar with the efforts. The initiative to split the source code, ordered by …

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