Apple’s Shine Dims: Innovation Stagnation and Macroeconomic Headwinds Threaten Growth Once a guaranteed growth engine, Apple (NASDAQ: AAPL) finds itself facing a confluence of challenges in 2024. While the broader market enjoys a positive year, Apple stands out as one of the few “Magnificent Seven” tech giants experiencing negative returns. Though the decline is currently…
FTC conducting inquiry into Reddit’s AI data-licensing practices ahead of IPO Reddit’s ambitious foray into data licensing, particularly concerning its implications for AI training, has attracted the attention of the Federal Trade Commission (FTC), as revealed in an updated IPO prospectus filed by the company. The disclosure sheds light on Reddit’s diversification efforts beyond its…
Ex-Google engineer charged with stealing AI secrets A former software engineer at Google, Linwei Ding, also known as Leon Ding, has been charged by the US government with allegedly stealing trade secrets related to artificial intelligence (AI) while working covertly for two Chinese companies. The indictment, filed in California, includes four charges against Ding, who…
Samsung’s Resilience Amid Challenges: Navigating a Shifting Landscape with Optimism and Innovation in the Era of AI-Powered Smartphones Samsung experienced its fourth consecutive quarter of declining profits on Wednesday, concluding a challenging year that included surrendering its title as the world’s leading smartphone manufacturer. The South Korean technology giant reported a 35% decrease in profit…
Chipmaker Broadcom Completes $69bn Deal to Buy VMware Chipmaker Broadcom’s recent completion of the $69 billion acquisition of cloud computing firm VMware has marked a significant milestone in the technology sector. This article explores the details, regulatory scrutiny, implications, and the broader context surrounding this substantial deal. Broadcom, headquartered in San Jose, California, specializes in…
