Saks’ Online CEO, Marc Metrick, asserts that Amazon’s tech expertise will be crucial for the merger of Saks Fifth Avenue and Neiman Marcus. The $2.65 billion deal is set to create a robust entity aimed at tackling the retail sector’s woes. Amazon and Salesforce will acquire minority stakes in the new company, leveraging their strengths […]
At the recent World AI Conference in China, the sentiment among Chinese tech firms was notably optimistic, even amidst the complex challenges posed by US sanctions. Executives from leading companies like Huawei and Iflytek demonstrated confidence, emphasizing their ability to innovate and thrive despite these constraints. Huawei’s Zhang Ping’an articulated the company’s strategic direction, emphasizing […]
Apple supplier Foxconn has announced a significant investment of $551 million in Vietnam, reinforcing its commitment to the region. This move aligns with Foxconn’s strategy to diversify its manufacturing base outside of China amid global trade uncertainties. The investment will funnel into the construction of new production facilities and the expansion of existing ones in […]
Navigating the digital shift, artificial intelligence (AI) continues to reshape industries across the globe. Leading this transformation is Build-A-Brain, a cutting-edge AI tool providing customized solutions across sectors, such as healthcare, finance, and marketing. Unveiled recently, Build-A-Brain offers a revolutionary approach by allowing businesses to tailor AI systems to their specific needs while ensuring data […]
In an exciting development for Thailand’s digital landscape, Ericsson has announced the launch of its 5G Innovation Studio at Thailand Digital Valley in collaboration with the Royal Thai Government. This initiative underscores Thailand’s commitment to embracing next-gen technology and digital transformation. Thailand Digital Valley, a project initiated by the Ministry of Digital Economy and Society […]
Realme has announced a collaboration with Sony to produce an advanced AI-imaging 5G smartphone, the Realme 13 Pro Series 5G. This exciting partnership aims to culminate in superior photography features, leveraging Sony’s state-of-the-art imaging sensors. The Realme 13 Pro Series 5G is set to feature Sony’s LYT-701 sensor, renowned for its high sensitivity and precision. […]
Canadian rules on local news funding have come under scrutiny as streaming giants challenge their legality. The Motion Picture Association-Canada (MPA-Canada) has petitioned for a judicial review against the Canadian Radio-television and Telecommunications Commission (CRTC), claiming it overstepped its authority with recent regulations compelling online streaming companies to fund local news. The controversy centers around […]
In a significant move to enhance Egypt’s digital future, Telecom Egypt has partnered with Hungary’s 4iG Group to modernize the nation’s digital infrastructure. This initiative is a part of Egypt’s Digital Egypt agenda and Vision 2030 strategy, aiming to drive economic development and digital transformation. The partnership was announced at a recent event attended by […]
In a significant security breach, the RockYou2024 incident has exposed nearly 10 billion unique passwords, marking one of the most extensive data compromises in history. This breach is reminiscent of the 2009 RockYou incident, but on a much larger scale. According to cybersecurity firm Cybernews, the data from RockYou2024 will be integrated into their Leaked […]
Samsung has reported a surge in profits, significantly driven by the increased demand for its memory chips, a crucial component in artificial intelligence (AI) applications. The upward trajectory in its financial performance is attributed to soaring memory chip prices, which have seen a marked uptick due to the burgeoning AI sector. According to Samsung’s latest […]
