Sea Limited, a prominent tech giant in Southeast Asia, made headlines on Monday with its announcement of its first profitable year. The company, which struggled with significant losses in previous years, managed to achieve a net income of $162.7 million in 2023, a stark contrast to the $1.7 billion net loss in 2022. Despite facing
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The European Commission recently imposed a hefty fine of 1.8 billion euros on tech giant Apple for antitrust violations related to the distribution of music streaming apps. This marks Apple’s first antitrust fine from Brussels and is one of the largest fines ever imposed on a technology company by the EU. Apple was found to
Alphabet’s Waymo recently received approval from the California Public Utilities Commission to extend its robotaxi service to various parts of Los Angeles and the Bay Area. This decision was announced through a notice posted on the regulator’s website, granting Waymo permission to commence fared driverless passenger service operations in specific regions, effective immediately. In mid-February,
Elon Musk has filed a lawsuit against Microsoft-backed OpenAI and its CEO, Sam Altman, accusing them of straying from the company’s initial purpose of developing artificial intelligence for the greater good of humanity. Musk claims that when he agreed to form a nonprofit lab with Altman and OpenAI co-founder Greg Brockman in 2015, the goal
The semiconductor industry, represented by giants like Taiwan Semiconductor Manufacturing Company (TSMC), is facing a growing risk of water shortages as processing technology continues to advance. Companies like TSMC play a crucial role in manufacturing semiconductor chips that are integral to everyday consumer devices such as smartphones and TVs. However, the chip making process requires
The CEO of Honor recently revealed to CNBC that the Chinese technology company is planning to launch a vertical-folding flip phone later this year, entering the market of smartphones with displays that bend. This move marks Honor’s first foray into the vertical-folding style that has gained popularity among brands like Samsung and Motorola. While Honor
Samsung Electronics recently announced the development of a revolutionary high-bandwidth memory chip, the HBM3E 12H, which boasts the highest capacity in the industry to date. This cutting-edge chip promises to elevate both performance and capacity by over 50%, setting a new standard in the semiconductor industry. With the growing demand for high-capacity memory solutions in
Unity Software, a leading gaming software company, saw its shares drop a staggering 17% in extended trading after issuing guidance for the current quarter that fell short of expectations. Despite the company reporting earnings per share of a loss of 66 cents, which did not match the 46 cent loss predicted by analysts, revenue came
Motorola, a company under the ownership of Lenovo, unveiled a groundbreaking concept at the Mobile World Congress in Barcelona, Spain. The innovative idea of a bendable smartphone hinted at a future where our devices seamlessly merge with our everyday lives. While it remains a prototype and may never reach consumers, Motorola’s display of this technology
Grab, the Southeast Asian ride-hailing giant, recently announced its first-ever profitable quarter, with a significant increase in profit compared to the same period a year ago. The company reported a profit of $11 million in the fourth quarter, a stark difference from the $391 million loss recorded previously. This positive result can be attributed to