Tech

Number of EV charging stations set to skyrocket in next 7 years

The international market for Electric Vehicle (EV) charging stations is forecast to undergo rapid expansion, according to a report released Tuesday by business survey company MarketsandMarkets. The study, “Electric Vehicle Charging Station Market” – by Level of Charging (Level 1, Level 2 & Level 3, By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla […]

Robinhood raises $3.4B from investors amid surge in trading

Popular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The funds are being provided by Ribbit Capital and several other venture capital firms, including […]

Xiaomi sues U.S. govt over blacklisting

Budget smartphone manufacturer Xiaomi has filed a lawsuit against the U.S. government, seeking its removal from Washington’s blacklist of alleged Chinese Military companies. The company’s designation on the list places it under an executive order that restricts U.S. investors from purchasing any shares or stakes from it. In response, Xiaomi filed a lawsuit on Friday […]

U.S. Health & Human Services launches AI strategy

The U.S. Health and Human Services agency recently released a comprehensive artificial intelligence (AI) strategy to increase use of this advanced technology in MedTech and related types of applications. “Together with its partners in academia, industry and government, HHS will leverage AI to solve previously unsolvable problems by continuing to lead advances in the health […]

Apple unveils record-high revenues in fiscal Q1 of 2021

Apple Inc. posted an all-time record high revenue of $111.4 billion, up 21 percent YoY, and quarterly earnings per diluted share of $1.68, up 35 percent, as international sales accounted for 64 percent of the quarter’s revenue of all product lines. “This quarter for Apple wouldn’t have been possible without the tireless and innovative work […]

Analysis: Biden to take a tough stance on Big Tech policy

Many of Big Tech’s expected future regulatory challenges are a result of their own making – as in the case of Facebook, Google, and Amazon. These companies are being charged by some countries with monopolistic tendencies, prompting some of the regulators in states to send warnings to these firms so they can get their act […]

Worldwide IT spending to reach $3.9 trillion in 2021, Gartner forecasts

The worldwide COVID-19 pandemic caused dips in many industries, affecting everything from investments to supply chain as the global population took refuge within the safety of their own homes throughout the majority of 2020. However, many have noted that 2021 will be different, as numerous vaccines have mushroomed all over the world to kickstart the […]

Congressional letter blasts Facebook head for flawed algorithms

Two senior U.S. representatives blasted Facebook head Mark Zuckerberg, noting the platform’s content problems were “systemic” and require deep change beyond just moderation. “Perhaps no single entity is more responsible for the spread of dangerous conspiracy theories at scale or for inflaming anti-government grievance than the one that you started and that you oversee today […]

Newzoo’s Games Trends to Watch in 2021

As 2020 is finally drawing to a close, it’s time for us to turn the spotlight onto next year. In terms of trends, 2021 is shaping up to be a hugely positive year for the games market, which will start to return to normalcy after an exceptional growth period. In the coming weeks, we’ll publish […]

AI to shape telecom investments in 2021

As the world came to a screeching halt due to the worldwide COVID-19 pandemic, the tech world adopted a full steam ahead approach This has rapidly pushed technological advancements to the forefront. Everything from augmented reality (AR), Internet of Things (IoT), artificial intelligence (AI), 5G, and the like were propelled forward and began integration within […]