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Amazon Web Services intends to invest $8.4 billion in cloud infrastructure in Germany.

Markets, Tech News / May 15, 2024

Amazon (AMZN.O) Web Services (AWS) announced on Wednesday its intention to invest 7.8 billion euros ($8.44 billion) in Germany by 2040, focusing on constructing a cloud computing infrastructure tailored for Europe. Last year, AWS revealed plans to store data on servers situated within the European Union, prioritizing data privacy for governmental bodies and clients in …

Amazon Web Services intends to invest $8.4 billion in cloud infrastructure in Germany. Read More »

Chinese companies are making progress in manufacturing high-speed memory for AI chipsets.

Tech News / May 15, 2024

Two Chinese semiconductor manufacturers are in the initial phases of fabricating high bandwidth memory (HBM) chips utilized in artificial intelligence (AI) chipsets, as per insiders and documents. The advancement in HBM, even in earlier iterations, signifies a significant stride in China’s endeavor to diminish its dependence on overseas suppliers amidst escalating tensions with Washington, resulting …

Chinese companies are making progress in manufacturing high-speed memory for AI chipsets. Read More »

Tencent reports strong revenue growth driven by impressive ad sales and business services performance

Leave a Comment / Markets, Tech News / May 14, 2024

China’s Tencent Holdings (0700.HK) reported a 6% increase in first-quarter revenue on Tuesday, surpassing analyst expectations, thanks to strong growth in business services and advertising sales. However, the recovery in its gaming sector, which contributes nearly half of its total profit, remained sluggish, highlighting the challenges the world’s largest video game company faces in revamping …

Tencent reports strong revenue growth driven by impressive ad sales and business services performance Read More »

Foxconn remains optimistic about AI demand and continues to support Sharp despite the recent writedown.

Markets, Tech News / May 14, 2024

“The visibility for this year has improved compared to in March, mainly thanks to strong AI server demand,” company spokesman James Wu told a post-earnings conference call, pointing to a better business outlook but without providing detailed numbers. Foxconn said it expects revenue for the second quarter to grow significantly from a year earlier, broadly …

Foxconn remains optimistic about AI demand and continues to support Sharp despite the recent writedown. Read More »

E-commerce Titans in China Navigate Fine Line Between Discounts and Profit

Leave a Comment / Tech News, Tech Trends / May 13, 2024

Upcoming Quarterly Earnings Reports from Chinese E-Commerce Titans Alibaba (9988.HK) and JD.com (9618.HK) Under Scrutiny as Indicators of Consumer Sentiment in Second-Largest Economy The financial performance of Alibaba and JD.com this week will serve as vital gauges of consumer sentiment in China, the world’s second-largest economy. Together, these giants command around 69% of the nation’s …

E-commerce Titans in China Navigate Fine Line Between Discounts and Profit Read More »

SoftBank’s Q4 Shows Profit Reversal, Indicating Momentum in Recovery

Tech News / May 13, 2024

Japanese tech conglomerate SoftBank Group (9984.T) pivoted to a quarterly profit this Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period, a significant turnaround from the previous year. This achievement follows Chief Financial Officer Yoshimitsu Goto’s assertion in February that the tech investment firm, known for its volatile earnings …

SoftBank’s Q4 Shows Profit Reversal, Indicating Momentum in Recovery Read More »

Amazon plans to allocate $1.3 billion into France, leading to the creation of 3,000 job opportunities.

Tech News / May 13, 2024

On Monday, Amazon (AMZN.O) revealed its plan to inject over 1.2 billion euros ($1.3 billion) into its French operations, paving the way for the creation of over 3,000 permanent positions within the country. This announcement aligns with the French presidency’s statement on Sunday, which highlighted Amazon’s commitment, alongside other notable companies like GSK (GSK.L) and …

Amazon plans to allocate $1.3 billion into France, leading to the creation of 3,000 job opportunities. Read More »

WhatsApp receives a refreshed appearance and an enhanced dark mode option.

Tech News / May 10, 2024

Today, WhatsApp has officially unveiled its latest design update. This rollout has been gradual, with a native bottom navigation bar being introduced on Android devices. Additionally, the app has undergone a visual refresh, with the new color scheme being selected after considering 35 different options. WhatsApp has emphasized the use of deeper tones to alleviate …

WhatsApp receives a refreshed appearance and an enhanced dark mode option. Read More »

The Australian regulatory authority asserts that Musk’s X should not determine the boundaries of internet legislation.

Tech News / May 10, 2024

The legal representative for the Australian cyber regulatory body argued that while Elon Musk’s company, referred to as X, has its own policies for removing harmful content, it should not have the authority to override Australian law regarding permissible online content. The lawyer made these remarks during a court hearing regarding the dissemination of a …

The Australian regulatory authority asserts that Musk’s X should not determine the boundaries of internet legislation. Read More »

TikTok plans to tag images and videos generated by AI, including those from OpenAI and other sources.

Tech News / May 9, 2024

On Thursday, TikTok announced its intention to implement a technology designed to assist in identifying images and videos created by artificial intelligence and shared on its platform. TikTok stated it would integrate “Content Credentials,” a digital marker indicating the method of creation and editing for media content. Spearheaded by Adobe (ADBE.O), this technology is now …

TikTok plans to tag images and videos generated by AI, including those from OpenAI and other sources. Read More »

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