Author name: fakhar

AST SpaceMobile shares soar following announcement of partnership with Verizon

AST SpaceMobile shares surged by over 70% on Wednesday, reaching their highest level since November 2022, following the announcement of a new partnership with Verizon Communications (VZ.N) for direct-to-cellular connectivity. The stock has witnessed a remarkable increase, more than quadrupling since the beginning of May and rising approximately 50% for the year. The collaboration, revealed …

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HP exceeds revenue expectations due to rebounding PC demand.

HP Inc (HPQ.N) surpassed Wall Street’s expectations for second-quarter revenue on Wednesday, indicating a resurgence in the personal computer (PC) market as consumers upgrade their systems. Similar to other PC manufacturers, HP witnessed a surge in sales during the pandemic as individuals, businesses, and educational institutions stocked up on tech products. However, this was followed …

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Meta identifies networks promoting misleading content, potentially generated by AI

Meta, the parent company of Facebook and Instagram, has recently uncovered networks pushing deceptive content believed to be generated by artificial intelligence (AI). This revelation sheds light on the evolving tactics used by malicious actors to spread misinformation and manipulate online discourse. According to Meta’s findings, these networks have been using AI-generated content to deceive …

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Amazon integrates Grubhub food delivery into its website and app in the US

Amazon.com (AMZN.O) announced on Thursday that U.S. customers can now order from Grubhub directly through its shopping app and website, expanding a deal that already provides Prime members with no-fee access to Grubhub+ membership. Under the agreement, Amazon Prime members will continue to enjoy a free Grubhub+ membership valued at $120 annually, which includes free …

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Sony emphasizes PlayStation user engagement as hardware sales decline

Japan’s Sony (6758.T) highlighted the robust user engagement on its gaming platform on Thursday, as PlayStation 5 console sales decline and the industry shifts towards recurring revenue models.PS5 users are spending about 25% more compared to the PS4 era, driven by additional content and services, including PlayStation Plus subscriptions.“This behavior demonstrates the stable and predictable …

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EU regulator states banks must assume complete responsibility when implementing AI

Banks and investment firms in the European Union must maintain boardroom accountability and adhere to legal obligations to protect customers when utilizing artificial intelligence (AI), the bloc’s securities watchdog declared in its inaugural statement on AI. On Thursday, the European Securities and Markets Authority (ESMA) outlined how financial firms in the 27-member bloc can integrate …

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Sony anticipates that the streaming platform Crunchyroll will be a key driver of growth as anime continues to gain international popularity.

Sony (6758.T) views its anime streaming platform Crunchyroll as a significant driver of growth, according to the head of its motion pictures business, as the company aims to capitalize on the expanding global popularity of anime.“Crunchyroll is poised to be the primary catalyst for growth at SPE over the next few years,” stated Sony Pictures …

Sony anticipates that the streaming platform Crunchyroll will be a key driver of growth as anime continues to gain international popularity. Read More »

Japan’s ‘My Number’ ID card functionality to be integrated into iPhones, confirms Japanese official

At the behest of Japanese Prime Minister Fumio Kishida, Apple CEO Tim Cook has agreed to incorporate Japan’s “My Number” identification card features into iPhones, as announced by Japan’s chief government spokesperson on Thursday. The Japanese government aims to streamline administrative processes by consolidating individuals’ tax and social security information into a unified identification card. …

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Google plans to invest $2 billion in data centers and cloud services in Malaysia.

Google is set to invest $2 billion in Malaysia to establish its first data center and Google Cloud region in the country, Alphabet’s (GOOGL.O) unit announced on Thursday. This marks the latest expansion by global tech companies into Southeast Asia. The Malaysian government stated that this investment will support the nation’s digital goals, with AI …

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Coalition of Google, Amazon, and Apple opposes India’s EU-inspired antitrust proposal

A U.S. lobbying organization representing tech giants Google, Amazon, and Apple has urged India to reconsider its proposed EU-inspired competition legislation, arguing that regulations targeting data use and preferential treatment of partners could lead to higher user costs, according to a letter. Citing the growing market dominance of a few major digital companies in India, …

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