Tech News Archives - Page 14 of 39

Sony emphasizes PlayStation user engagement as hardware sales decline

Leave a Comment / Latest Gadgets, Tech News / May 30, 2024 May 30, 2024

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

Leave a Comment / Tech News / May 30, 2024 May 30, 2024

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

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

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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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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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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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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GameStop sees significant surge following $933 million stock sale

Leave a Comment / Tech News, Tech Trends / May 27, 2024 May 27, 2024

GameStop (GME.N) generated approximately $933.4 million through the sale of 45 million shares, the struggling video game retailer announced on Friday, causing its shares to surge by more than 12% after trading hours. The company, primarily reliant on brick-and-mortar stores, has been grappling with the increasing trend of customers turning to e-commerce platforms for purchasing …

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Dell reaches all-time high amidst surge in AI sector stocks

Leave a Comment / Tech News / May 27, 2024 May 27, 2024

Shares of Dell Technologies (DELL.N) soared to a record high on Friday amid a surge in companies specializing in generative artificial intelligence applications, fueled by strong optimism for the burgeoning technology. AI powerhouse Nvidia (NVDA.O) reported robust quarterly results and projected current-quarter revenue surpassing Wall Street expectations on Wednesday, underscoring the sustained strong demand for …

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China establishes third fund with $47.5 billion to enhance semiconductor industry

Leave a Comment / Tech News, Tech Trends / May 27, 2024 May 27, 2024

China has established its third planned state-backed investment fund to enhance its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run company registry. The hundreds of billions of yuan invested in the sector highlight President Xi Jinping’s drive for China to achieve self-sufficiency in semiconductors. …

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Elon Musk’s xAI reaches a valuation of $24 billion following new funding round

Leave a Comment / Tech News / May 27, 2024 May 27, 2024

Elon Musk’s AI startup, xAI, has raised $6 billion in Series B funding, reaching a post-money valuation of $24 billion as investors place significant bets on challengers to companies like OpenAI in the escalating AI competition. The funding round was supported by investors including Andreessen Horowitz and Sequoia Capital, the company announced in a blog …

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