The latest report by KPMG highlights the changing consumer behavior among Generation Z in the Asia-Pacific region. Unlike previous generations who preferred physical shopping experiences, Gen Z now turns to online platforms for fashion inspiration. They are heavily influenced by idols and influencers, particularly on social media platforms like TikTok. According to the survey conducted
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Mt. Gox, once the largest spot bitcoin exchange globally, faced bankruptcy a decade ago due to a major hack. The exchange lost up to 950,000 bitcoins in the 2011 cyberattack when the cryptocurrency’s value was significantly lower than it is today. However, approximately 140,000 bitcoins have been recovered, resulting in a projected $9 billion worth
Amazon’s cloud infrastructure arm, AWS, is ramping up its efforts to attract startups by doubling the value of credits offered to them. Starting July 1, startups that have recently secured Series A funding will be eligible for $200,000 in credits, up from the previous $100,000. This move comes as Amazon faces stiff competition from Microsoft
In a recent exclusive interview, CEO of Chinese smartphone company Honor, George Zhao, emphasized the crucial need for user data protection in the realm of artificial intelligence. Zhao pointed out that while AI has the potential to transform various aspects of technology, it is essentially worthless without proper safeguards in place to protect user data.
The recent lawsuit filed by the Center for Investigative Reporting (CIR) against OpenAI and Microsoft for alleged copyright infringement has sparked a debate in the tech and news industries. This legal battle sheds light on the growing concerns regarding the use of AI-generated content and the protection of intellectual property rights in the digital age.
Qatari telecoms provider Ooredoo recently announced a new partnership with Nvidia, setting a groundbreaking precedent for the Middle East market. This collaboration is poised to revolutionize the region’s access to cutting-edge technology, specifically in the realm of artificial intelligence (AI). While the details of the deal remain undisclosed, the deployment of thousands of Nvidia’s graphics
Recently, Tesla has issued two additional recalls for its Cybertruck pickups in the U.S. This marks the third and fourth recalls for the Cybertruck, raising concerns about the vehicle’s quality and reliability. The recalls involve physical repairs that need to be completed by Tesla service personnel. One recall addresses trim pieces that have been reported
In a recent development, European Union regulators have accused tech giant Apple of violating new regulations that aim to restrict the power of Big Tech firms. The European Commission has initiated an investigation into Apple’s practices, specifically focusing on its App Store and the restrictions it imposes on developers and customers. One of the main
China has recently called on the European Union to reverse its decision to impose provisional tariffs on Chinese electric vehicles. According to Global Times, both parties have agreed to engage in new discussions regarding the matter. Wang Wentao, China’s commerce minister, and Valdis Dombrovskis, executive vice president of the European Commission, have agreed to initiate
In the ever-evolving landscape of global brands, tech giants like Apple, Microsoft, Amazon, and Google have long held the top spots. These companies not only lead in market valuation but also in brand recognition and consumer appeal. However, one unexpected contender, Nvidia, has been making waves in recent years with its exponential growth in the