The US government has taken a significant step by revoking specific licenses that allow American chip manufacturers to export goods to Huawei, the Chinese tech giant. This action will notably reduce the sales of major chip producers like Intel and Qualcomm to China.
UK-based autonomous vehicle startup Wayve has announced a significant investment of $1.05 billion aimed at advancing its development of self-driving cars powered by artificial intelligence (AI). The funding round was led by SoftBank, a Japanese multinational conglomerate, with substantial contributions from tech giants Nvidia and Microsoft.
In a letter addressed to Congress, Rosenworcel highlighted that the Reimbursement Program would require approximately $4.98 billion to cover all “reasonable and supported” cost estimates in approved applications. This starkly contrasts with the current appropriation of $1.9 billion, resulting in a notable deficit.
Norfolk County Council (NCC) has completed a major network transformation project in partnership with Abzorb, a leader in public sector and business networking solutions. The £1.2 million initiative spans 221 sites and aims to enhance performance and security while reducing costs.
Flatiron Software Co. has unveiled its latest innovation, Snapshot Reviews, a cutting-edge engineering team performance assessment platform designed to transform the way software developers are evaluated. This platform leverages real-time productivity data to provide precise insights derived directly from code analysis, utilizing advanced AI technology.
Recent data reveals a promising resurgence in the global smartphone market, with Samsung and mass-market mobile phone brands spearheading the rebound while Apple faces challenges in keeping pace. According to Canalys, smartphone sales worldwide reached 296.2 million units in the first quarter of the year, marking a notable 10% increase compared to the previous year. This growth signifies the market’s first positive double-digit year-on-year figure since early 2021, reflecting better-than-expected performance.
Indonesian telecom operator Indosat Ooredoo Hutchison has unveiled impressive financial results for the first quarter of 2024, alongside highlighting strategic partnerships with global tech giants Nvidia, Cisco, and Mastercard. In Q1, Indosat recorded total revenue of $873 million, marking a robust 15.8% year-on-year increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 22.1%, with an EBITDA margin of 47.0%, while net profit soared by 39.4% to reach $82 million.
Brussels witnessed a momentous occasion as the Gigabit Infrastructure Act received its final approval from the European Council on Monday. This legislation, eagerly awaited and heavily debated, is set to become enforceable within days, marking a significant milestone for connectivity development across the European Union’s 27 member states.
In a bid to fortify its position in the Australian regional mobile market, TPG Telecom has inked a monumental 11-year network sharing deal with Optus. Valued at a hefty A$1.59 billion ($1.04 billion), the agreement is set to significantly expand TPG’s geographic coverage, doubling it to 1 million square kilometers and enabling access to 98.4% of the population.
Despite the much-anticipated launch of Apple’s Vision Pro, reports indicate a struggle in sales for the tech giant’s high-priced mixed reality headset. Noted Apple analyst Ming-Chi Kuo recently shared insights on Medium, revealing that Apple has slashed its shipment forecast for the pricey device.
