In its most significant acquisition to date, Cisco has announced its purchase of cybersecurity software firm Splunk for approximately $28 billion, equivalent to $157 per share, in an all-cash transaction. This strategic move underscores Cisco’s commitment to bolstering its cybersecurity capabilities and expanding its presence in the rapidly evolving cybersecurity ...
Read More »Senators Seek Pentagon’s Clarification Regarding SpaceX’s Starlink Service in Ukraine
In Washington, three Democratic senators who are members of the Senate Committee on Armed Services have formally requested information from the Pentagon regarding SpaceX CEO Elon Musk. Specifically, they are inquiring whether Musk was responsible for unilaterally disabling or obstructing the functionality of Starlink satellite communication terminals utilized by the ...
Read More »Sam Altman, CEO of OpenAI, Secures Indonesia’s Inaugural ‘Golden Visa
Indonesia has granted its inaugural “Golden Visa” to Sam Altman, the Chief Executive of OpenAI, just one week after launching the program aimed at enticing foreign investments into Southeast Asia’s largest economy. According to Silmy Karim, Indonesia’s director general of immigration, the Golden Visa program includes various categories beyond those ...
Read More »Bitcoin’s Value Dips Below $26,000, Marking Its Most Challenging Week Since May
Closing at $26,038.41, Bitcoin concluded the day with a decline of approximately 6%, as reported by Coin Metrics. The cryptocurrency exhibited fluctuations just above the $26,000 mark during the entirety of Friday, a continuation of the significant drop that commenced on late Thursday. This downward trend had a ripple effect ...
Read More »Qualcomm’s Sales and Forecast Miss Targets Amidst 25% Decline in Smartphone Chip Sales
On Wednesday, Qualcomm announced its third-quarter earnings, surpassing the expectations set by Wall Street. However, despite the positive earnings, the company’s revenue for the quarter and its projected guidance for the fourth quarter fell below anticipated levels. As a result of this news, Qualcomm’s stock experienced a significant drop of ...
Read More »Foxconn to Invest $600 Million in Phone and Chip Project in India
As per the government of the state of Karnataka, Foxconn is set to make a substantial investment of over $600 million in India. This investment will be directed towards two distinct projects: one in phone manufacturing and the other in establishing a semiconductor equipment facility. The move showcases Foxconn’s commitment ...
Read More »Successful Placement of 7 Singaporean Satellites into Intended Orbits during ISRO PSLV Launch
Following its successful launch from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, the Indian Space Research Organisation (ISRO) has achieved a significant milestone by deploying all seven Singaporean satellites into the near-equatorial orbit (NEO). The PSLV rocket, operated by ISRO, carried out the mission flawlessly, and approximately 23 ...
Read More »Meta’s Reality Labs’ Losses Exceed $21 Billion in Just Over a Year
On Wednesday, during the second-quarter earnings report, Meta revealed significant financial challenges within its Reality Labs division. The unit, responsible for developing cutting-edge virtual reality and augmented reality technologies essential for fueling the metaverse, recorded a substantial operating loss of $3.7 billion. During the second quarter, the unit’s sales in ...
Read More »Top U.S. diplomats’ email accounts were breached by Chinese hackers
NBC News has confirmed that China-linked hackers successfully breached the email account of U.S. Ambassador to China, Nicholas Burns, as part of a targeted intelligence-gathering campaign. According to NBC News, in addition to breaching the email account of U.S. Ambassador to China Nicholas Burns, the hackers also gained access to ...
Read More »Threads Experiences a Decline in User Engagement after an Initial Surge
User engagement on Threads, Meta’s new Twitter competitor, has experienced a decline after a promising start. In a span of just five days, the text-based social media platform boasted a remarkable achievement with 100 million sign-ups. However, data provided by Sensor Tower and Similarweb reveal that the platform has observed ...
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