Spotify Technology SA’s Car Thing player is now a thing of the past. The world’s leading audio streaming service on Wednesday announced it would discontinue the device just five months after it became available to all users in the United States. In doing so, Spotify became the latest software technology company to stumble in an […]
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Stiff competition from TikTok and Apple Inc’s privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc in the near term, Wall Street analysts said. At least 16 brokerages cut their price targets on Meta after the company reported its first-ever quarterly revenue drop on Wednesday, highlighting challenges faced by U.S. companies […]
The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter said. Such a move could ease concerns that the EU competition watchdog may struggle to get technology […]
Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world’s largest digital asset, bitcoin, down more than 56 percent from this year’s high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions. THREE ARROWS CAPITAL Singapore-based crypto […]
U.S. supermodel Bella Hadid has stepped from the catwalk into the metaverse with the launch of CY-B3LLA – a collection of Non-Fungible Tokens featuring artwork based on 3-D scans of her face and body. Hadid, 25, told Reuters in an interview from New York that she was intrigued by shared virtual world environments and that […]
Those who aren’t big fans of football, or soccer, if you come from the US, will be surprised to know how much technology in football there is. No, the players aren’t going to be wearing mech suits anytime soon, although that might make things even more interesting, for the longest time, football organizers have been […]
Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 4.6 percent in extended trading. The company said it expects third-quarter revenue to fall to […]
Facial recognition is everywhere, even if we are not aware of it. In its most abstract form, this innovation is surrounding us and keeping track of every move, fueled by one thing, face recognition technology algorithm. But can algorithms discriminate? What if algorithms used in artificial intelligence (AI) are simply beneficial as the data adopted […]
Neoen SA has won approval for its big battery in South Australia to provide inertia service to stabilise the grid, a world first for battery energy storage in the push to replace fossil-fueled generators, the French firm said on Wednesday. Neoen’s 150-megawatt Hornsdale Power Reserve uses Tesla Inc’s Megapack battery system and will now use […]
Canada’s Shopify Inc is laying off 10 percent of its workforce as the ecommerce company struggles with slowing growth due to a pullback in online shopping after benefiting from a pandemic-fueled surge in demand. Its shares tumbled 14.7 percent on the U.S. bourses and on the Toronto Exchange, they shed 14 percent on Tuesday, pulling […]