According to a report by Citi GPS, the Metaverse will be worth 8 to 13 trillion dollars, but a major infrastructure investment by tech companies is needed in order to reach this market potential. The entire addressable market for the Metaverse is estimated to be between $8 and $13 trillion, according to Citi’s latest Global […]
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The U.S. broadband industry ended late on Wednesday its legal challenge to California’s landmark net neutrality law, which seeks to protect the open internet. A group of industry associations that represents major internet providers, such as AT&T Inc, Verizon Communications, Comcast Corp and others, dismissed their 2018 legal challenge. The 9th U.S. Circuit Court of […]
Shanghai residents are turning to the blockchain to preserve memories of the city’s month-long COVID-19 lockdown, minting videos, photos and artworks capturing their ordeal as non-fungible tokens to ensure they can be shared and avoid deletion. Unable to leave their homes for weeks at a time, many of the city’s 25 million residents have been […]
Wall Street’s main indexes closed a seesaw session higher on Monday, as investors bought in to technology names in the last hour of trading amid bets they had been overly beaten down ahead of this week’s Federal Reserve meeting. The gathering of U.S. central bank policymakers is widely expected to raise interest rates by half […]
Japan is expected to announce a new defence agreement among several deals with Thailand on Monday during a visit by Prime Minister Fumio Kishida, the last leg of his three-nation tour of Southeast Asia. The agreement, details of which have yet to be disclosed, would facilitate transfers of defence hardware and technology from Japan to […]
Wind turbine maker Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an industry wide struggle to turn a profit despite record demand. Focus on renewables has intensified as the West steps up efforts to wean itself off Russian […]
International semiconductor consortium ISMC will invest $3 billion in India’s southern Karnataka state to set up a chip-making plant, the state government said on Sunday. ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor. U.S. chip giant Intel Corp has announced plans to acquire Tower. India’s first semiconductor fabrication […]
Chipmaker Intel Corp forecast second-quarter revenue and profit below Wall Street expectations on Thursday on worries of weak demand in its largest market, PCs, and increased supply-chain uncertainty due to COVID-19 lockdowns in China. Shares of the company fell 5 percent in after-market trading. Rising inflation, resurgence of COVID-19 in China and uncertainties around the […]
The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank’s annual general meeting on Friday. “Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin,” Jordan said. “We can […]
Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East where critics say authoritarian governments use the platform to track opponents and spread disinformation. Twitter did not immediately respond to a request for comment on how it might deal with Middle Eastern governments’ […]