Author name: fakhar

CrowdStrike reports more than 97% of Windows sensors are now operational

CrowdStrike’s CEO George Kurtz announced on Thursday that more than 97% of Windows sensors are back online, nearly a week after a software update by the cybersecurity firm caused a global outage. The company’s Falcon platform sensor, a security agent installed on devices like laptops and desktops, protects them from threats. The outage occurred due …

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Epic Games announces Fortnite’s return to iOS in the EU, exits Samsung app store

On Thursday, Epic Games announced that “Fortnite” will soon return to Apple’s iOS systems in the European Union. This comes amid a legal dispute with Apple. Epic has been working to distribute its games beyond official app stores, opposing high commissions on in-app payments and restrictions on downloading apps only through dedicated stores. Additionally, Epic …

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Alphabet’s Shares Drop as Margin Concerns and YouTube Slowdown Outweigh AI Gains

Alphabet’s (GOOGL.O) stock dropped more than 3% on Wednesday due to concerns that its increasing investments in AI infrastructure could impact profit margins and the challenges faced by YouTube in securing ad revenue. In the second quarter, the Google parent’s capital expenditure surged to $13.2 billion, exceeding expectations, as it invests heavily in AI infrastructure …

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Nvidia Supplier SK Hynix Reports Highest Profit in 6 Years Amid AI Boom

South Korea’s SK Hynix (000660.KS) posted its highest quarterly profit since 2018 on Thursday, attributing the surge to strong demand for AI chips, including high bandwidth memory (HBM) used in generative AI chipsets, supplied to Nvidia (NVDA.O). “AI demand continues to grow above expectations… We expect next year’s HBM shipments to more than double this …

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Taiwanese Rocket Startup Could Be Early Test for Japan’s Space Hub Ambitions

A Taiwanese startup aims to be the first foreign firm to launch a rocket from Japan by early next year, a move that industry advocates say will support Tokyo’s ambitions of becoming a space hub in Asia. TiSpace’s planned suborbital launch has encountered regulatory hurdles and delays, raising questions about whether Japan should welcome overseas …

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OpenAI Appoints AI Safety Expert Madry to New Project Amid Organizational Overhaul

On Tuesday, OpenAI CEO Sam Altman announced that Aleksander Madry, the company’s AI safety leader, is working on a new and crucial research project as part of a restructuring of the preparedness team. Altman shared this update on X, noting that Joaquin Quinonero Candela and Lilian Weng will temporarily lead the preparedness team during this …

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Kim Beom-su: The Visionary Behind South Korean Tech Giant Kakao

Kim Beom-su is the founder of Kakao Corporation, a prominent South Korean technology company. He established Kakao in 2010, initially launching it as a messaging app known as KakaoTalk. The app quickly gained popularity and became a central part of South Korea’s digital communication landscape. Under Kim’s leadership, Kakao expanded its offerings beyond messaging, branching …

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TI Surpasses Quarterly Profit Estimates as Chip Demand Stabilizes

Texas Instruments (TXN.O) exceeded second-quarter profit expectations on Tuesday, driven by stable demand for analog chips from sectors like personal electronics and reduced manufacturing costs. A rebound in sales of smartphones and personal computers has helped companies clear excess inventory built up during the pandemic, leading to increased orders for Texas Instruments’ chips. “Analog demand …

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Exclusive: Nvidia Approves Samsung’s HBM3 Chips for Use in China-Market Processors

Samsung Electronics’ HBM3 chips have been approved by Nvidia for use in its H20 GPU, designed for the Chinese market, according to sources. This approval is limited, as the chips will initially only be used in this less advanced model due to U.S. export controls. It is unclear if Samsung’s HBM3 will be used in …

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Asian stocks fluctuate after disappointing US tech earnings; yen strengthens

Asian stocks remained subdued on Wednesday following disappointing earnings from U.S. tech giants Tesla and Alphabet, affecting market sentiment. The yen strengthened to a six-week high ahead of the Bank of Japan meeting next week, where a rate hike is a possibility. The U.S. dollar stayed firm as traders awaited an upcoming inflation report on …

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