The creation and subsequent application of blockchain technology in several sectors have bridged various gaps. Despite the technology still being in its primitive phase, people seem to think it is a miracle solution to every human error and want to tailor a place for it to go in every department. One such department is supply […]
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The Biden administration on Wednesday is launching an effort to identify significant wireless spectrum that can be repurposed for advanced technology needs and soaring U.S. wireless demand. The Commerce Department’s National Telecommunications and Information Administration (NTIA) is developing a National Spectrum Strategy with a goal to identify at least 1,500 megahertz of spectrum to study […]
South Korean tech giant Samsung Electronics expects to invest $230 billion over the next 20 years to develop what the country’s government called the world’s largest chip-making base, in line with efforts to boost the national chip industry. Samsung’s around 300 trillion won project is part of a 550 trillion won private-sector investment plan unveiled […]
SVB Financial Group said on Tuesday that Goldman Sachs Group Inc was the acquirer of a bond portfolio on which it booked a $1.8 billion loss, a transaction that set in motion the failure of SVB. The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a […]
There are cities out there on the verge of going fully smart. And the telecommunications sector plays a significant role in this. In fact, a smart life will heavily rely on 5G and data to which telcos have access. The whole point of a smart city is to automate the mundane so humans can spend […]
Silicon Valley Bank’s new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank’s top venture capital clients to move their deposits to its newly created bridge entity, people who attended a virtual meeting with him said. The Federal Deposit Insurance Corporation (FDIC) appointed the former Fannie Mae CEO to head Silicon Valley Bridge Bank […]
These are not mere visions. They’re a roadmap to a better tomorrow for both nations. Be it the Saudi Arabia Vision 2030 or UAE Vision 2030. They both serve as a clear declaration of commitment of both countries. These visions include mega projects that will turn these nations into economic hubs for the world to […]
Global shares fell for a sixth day on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day. As recently as a week ago, investors were just recovering from a reality-check that prompted many to assume that rates […]
Britain’s National Cyber Security Centre is reviewing whether Chinese-owned video app TikTok should be banned from government phones, security minister Tom Tugendhat said on Tuesday. TikTok has come under increasing focus over fears that user data could end up in the hands of the Chinese government, undermining Western security interests. The United States, Canada, Belgium […]
Global shares slid on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day. As recently as a week ago, investors were just recovering from a reality-check that prompted many to assume that rates around the world were […]