On Monday, global semiconductor stocks experienced a notable surge following the announcement of record fourth-quarter revenues by Foxconn, a leading contractor in electronics manufacturing. This development highlights the growing influence of the booming artificial intelligence (AI) market and its far-reaching implications for the semiconductor industry, which has become increasingly interconnected with AI advancements. Foxconn, officially
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The cybersecurity community mourns the unexpected loss of Amit Yoran, a pivotal figure in the industry, who passed away on Friday at the age of 54. His death was officially confirmed by Tenable, the company he led as CEO and guided through a successful initial public offering (IPO). The news, described as shocking by colleagues
In a recent announcement, Microsoft outlined an ambitious plan to allocate an astonishing $80 billion for the development of data centers specifically designed to support artificial intelligence (AI) workloads in fiscal 2025. This move underscores the company’s commitment to maintaining its position as a leader in the rapidly evolving AI landscape. According to Microsoft Vice
The latest data from the China Academy of Information and Communications Technology (CAICT) reveals a significant downturn in the sales of foreign mobile phone brands in China. During November 2023, shipments fell dramatically to 3.04 million units, reflecting a striking decrease of 47.4% compared to the previous year and a staggering 51% dip since October
CNBC has officially launched its call for applications for the 2025 Disruptor 50 list, an initiative that aims to spotlight the most groundbreaking venture-backed companies shaping the economic landscape through innovative technology. This marks the thirteenth iteration of the Disruptor 50, and the deadline to submit applications is set for Friday, February 10, at 11:59
In a bid to maintain its foothold in the fiercely competitive Chinese smartphone market, Apple has announced a series of discounts on its latest iPhone models as it approaches the Chinese New Year. This promotional move highlights the increasing pressure the American tech giant faces from domestic brands, notably Huawei, and reflects a shift in
Tesla’s stock has once again proven to be a reflection of the broader sentiment surrounding the electric vehicle (EV) industry and is subject to dramatic swings that can happen rapidly. Recently, the company’s shares were observed rising by 0.7% following a tumultuous start to the day, when they had been down as much as 6%
The realm of artificial intelligence (AI) is rapidly evolving, and companies are feeling the heat as they vie to position themselves as leaders in this burgeoning field. Alibaba is responding to the stiff competition head-on, recently announcing a staggering price reduction of up to 85% on its large language models (LLMs), particularly focusing on its
The cryptocurrency market has experienced remarkable fluctuations throughout 2024, with Bitcoin consistently standing out as the leading asset class. Fuelled by the launch of new exchange-traded funds (ETFs) and the prospect of regulatory easing following a recent presidential election, Bitcoin’s value has soared to new heights. However, as history has shown, owning digital assets inherently
In an era where artificial intelligence (AI) is revolutionizing industries, the energy consumption of data centers is escalating at an alarming rate. Projections from the U.S. Department of Energy suggest that global electricity use could rise as much as 75% by 2050, largely driven by the soaring energy needs of AI and cloud computing infrastructures.