fakhar, Author at TECHNOLOGIES.PK

EU engages with Telegram as it approaches criteria for EU tech regulations

Leave a Comment / Tech News / May 29, 2024 May 29, 2024

EU regulators in communication with messaging app Telegram as it approaches a crucial usage threshold that could subject it to heightened requirements under significant EU online content legislation, announced the European Commission on Tuesday. The Digital Services Act (DSA), which came into effect last year, extends to all online intermediaries and platforms. However, it imposes …

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Bloomberg News reports Cathie Wood’s Ark Invest acquires stake in Musk’s xAI

Leave a Comment / Markets / May 29, 2024 May 29, 2024

According to Bloomberg News, Cathie Wood’s Ark Investment Management has acquired a stake in xAI, Elon Musk’s artificial intelligence startup, which boasts a post-money valuation of $24 billion. The stake represents approximately 2% of the fund’s portfolio, as disclosed by Ark Chief Futurist Brett Winton in an interview with Bloomberg. Additionally, Ark Venture Fund notified …

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US court to review challenges to potential TikTok ban in September

Future / May 29, 2024 May 29, 2024

A U.S. appeals court on Tuesday established an expedited timeline to review the legal challenges to a recent legislation mandating China-based ByteDance to sell off TikTok’s U.S. assets by Jan. 19 or face a ban. The U.S. Court of Appeals for the District of Columbia directed the case to be scheduled for oral arguments in …

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Polish game developer CD Projekt reports 44% increase in first-quarter profits

Leave a Comment / Tech News, Tech Trends / May 29, 2024 May 29, 2024

Polish video game developer CD Projekt (CDR.WA) announced a 44% increase in first-quarter net profit on Tuesday, surpassing analyst expectations. The net profit reached 100.1 million zlotys ($25.6 million), significantly higher than the anticipated 76 million zlotys, primarily driven by robust game sales. Sales revenue for the quarter increased by 30% year-over-year to 226.8 million …

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Trading app Robinhood announces first-ever stock buyback plan valued at $1 billion

Leave a Comment / Markets / May 29, 2024 May 29, 2024

Trading app Robinhood Markets (HOOD.O) announced its first-ever share buyback plan on Tuesday, stating it will repurchase $1 billion worth of stocks as it aims to transition beyond its startup phase. The company, renowned as the preferred app for retail traders, has been introducing new features to meet its customers’ demand for more sophisticated products. …

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T-Mobile to acquire US Cellular’s wireless operations in a $4.4 billion transaction

Leave a Comment / Markets / May 29, 2024 May 29, 2024

T-Mobile (TMUS.O) announced on Tuesday that it will acquire nearly all of regional carrier United States Cellular’s (USM.N) wireless operations, including its customers, stores, and 30% of its spectrum assets, in a deal valued at $4.4 billion. Following the announcement, U.S. Cellular’s shares surged over 10% in pre-market trading, nearly ten months after the company …

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Data indicates Tesla reduces Model Y production in Shanghai

Leave a Comment / Tech Auto's, Tech News / May 27, 2024 May 27, 2024

According to industry data and an insider, Tesla (TSLA.O) has reduced production of its popular Model Y electric car by a double-digit percentage at its Shanghai facility since March. This adjustment is a response to declining demand for the aging model in China, its second-largest market. The majority of vehicles produced at the Shanghai plant …

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US safety investigation into Waymo autonomous vehicles uncovers additional incidents

Leave a Comment / Tech Auto's / May 27, 2024 May 27, 2024

The National Highway Traffic Safety Administration (NHTSA) announced on Friday that it has become aware of nine additional incidents that have raised concerns about the performance of Alphabet’s Waymo self-driving vehicles. Earlier this month, the U.S. auto safety regulator initiated an investigation following 22 reports of Waymo’s autonomous taxis displaying driving behavior that potentially violated …

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Weekly Poll Results: The Xperia 1 VI Shows Promise Despite High Price, While the Xperia 10 VI Receives Little Interest

Latest Gadgets / May 27, 2024 May 27, 2024

Sony has long been synonymous with high-quality yet pricey products, and the Xperia 1 VI lives up to that reputation, as indicated by the feedback from last week’s poll. The poll also measured interest in the Xperia 10 VI mid-range device, but let’s begin with the positive news… albeit, with a spoiler alert. Half of …

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Weekly Poll: The Poco F6 and F6 Pro Have Arrived – Who’s Getting One?

Leave a Comment / Mobile Phones / May 27, 2024 May 27, 2024

The Poco F5 was a hit last year, giving the new Poco F6 big shoes to fill. Its popularity even overshadowed the Poco F5 Pro, meaning the new Poco F6 Pro has a lot to prove as well. These phones are now available in some regions starting today, with the F6 launching in India on …

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