In the near future, what we know about technology could be drastically shifted to take a new, more fresh turn. And some of the leading advocates of this change are the companies working on rising techs. Technologies such as virtual reality (VR) and augmented reality (AR) are expected to be the pillars shaping the needed […]
Technology
Cisco Systems Inc cut its full-year earnings forecast on Wednesday after COVID lockdowns in China and the war in Ukraine dragged sales below estimates in the third quarter, sending shares down 13% in extended trading. It also said fourth-quarter revenue would decline by 1% to 5.5%, becoming the latest U.S. company to outline a hit […]
Companies are diving deeper into Extended Reality (XR) technologies as the desire for increased emersion and convenience takes off. With Metaverse technology development in full swing around the world, here is the latest in extended reality news. Google Back in 2019, Google launched Live View, an AR layer on top of Google Maps. In their […]
Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. While the concept is […]
Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co Ltd as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, a filing said, and comes as PIF has also taken stakes in video game […]
In our interconnected and globalized world, war is one thing that carries rippling effects that can spread far and wide. On the other side of the coin, a globalized economy means that chain reactions can reverberate across the entire globe and throw entire economies off balance. The Russian Ukrainian war and the crypto market are […]
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes as the world’s second-biggest economy has slowed sharply – and […]
Executive director of Germany’s Federal Financial Supervisory Authority (BaFin), Birgit Rodolphe, has appealed for novel and comprehensive regulation of the decentralized finance (DeFi) sector across the European Union and to create a consistent DeFi EU regulation. BaFin is Germany’s financial regulator, in charge of overseeing banks, insurance companies, and other financial organizations, which includes everything […]
Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs to the dollar last week in a bout of market mayhem that shook faith in these coins that were designed to sidestep crypto volatility. But was it an isolated outburst, or are they losing their […]
Uber Technologies Inc on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app. The announcements are part of Uber’s annual product event where the ride-hail and food delivery company showcases the latest updates to its […]