Tech News

Foxconn Singapore has secured a license to invest $551 million in two projects aimed at producing smart entertainment products and smart-system equipment in Vietnam’s northern province of Quang Ninh, according to state media reports. The world’s largest contract electronics maker, Foxconn (2354.TW), did not immediately respond to requests for comment. The company already has significant …

Foxconn Granted License to Invest Additional $551 Million in Vietnam Read More »

Last year, a hacker breached OpenAI’s internal messaging systems and obtained details about the design of the company’s artificial intelligence technologies, as reported by the New York Times on Thursday. The hacker accessed discussions from an online forum where employees discussed OpenAI’s latest technologies, according to sources familiar with the incident cited in the report. …

OpenAI’s AI Details Reportedly Compromised in 2023 Breach, According to NYT Read More »

Samsung Electronics (005930.KS) reported a significant increase in second-quarter operating profit, surging more than 15-fold to 10.4 trillion won ($7.54 billion). The rise was driven by higher semiconductor prices fueled by AI demand, marking its most profitable quarter since Q3 2022. Analysts attribute the better-than-expected results to Samsung reversing inventory writedowns amid rebounding chip values. …

Samsung Highlights Stronger-than-Expected Profit Growth Due to AI Surge Boosting Chip Prices Read More »

French technology company Atos (ATOS.PA) announced on Friday that it has successfully secured short-term financing through two tranches of loans from creditors. The company also reiterated its expectation of reaching a final restructuring agreement by the end of this month. “These additional tranches, consisting of €225 million ($243.41 million) and €350 million of a revolving …

Atos Secures Short-Term Funding via Syndication Agreements Read More »

Meta Platforms’ (META.O) latest social media venture, Threads, has surpassed 175 million monthly active users, CEO Mark Zuckerberg announced on Wednesday, just ahead of its first anniversary. Introduced as a competitor to X (formerly Twitter), Threads launched on July 5 last year to attract users during the tumultuous acquisition of the micro-blogging site by Elon …

Meta’s Threads reaches 175 million users prior to its one-year milestone Read More »

Samsung Electronics (005930.KS) is anticipated to report a 13-fold increase in second-quarter profit from the previous year, driven by rising demand for artificial intelligence technology, which has led to a rebound in memory chip prices. According to an average of LSEG SmartEstimates from 27 analysts, with a focus on those who are more consistently accurate, …

AI boom likely propelled Samsung’s Q2 profit to a 13-fold increase Read More »

Amazon.com (AMZN.O) announced on Wednesday that it would discontinue its Astro for Business security robot for small- and medium-sized businesses, as it shifts its focus to household robots. Originally launched for household use in 2021, the canine-like robot, Astro, was introduced for business customers in retail, manufacturing, health, and wellness sectors last November. “To accelerate …

Amazon plans to phase out its Astro for Business security robot. Read More »

In 2024, the Biden administration has revoked eight licenses that allowed certain companies to export goods to Huawei, the Chinese telecom equipment giant, according to a document initially reported by Reuters. These licenses, including those issued to Qualcomm and Intel, were rescinded as part of ongoing efforts to restrict Huawei’s access to U.S. technology. The …

In 2024, document reveals Biden’s revocation of 8 licenses for China’s Huawei. Read More »