TECH - Page 23

STMicroelectronics Slashes Q1 Sales Forecast After Revenue Misses Target

STMicroelectronics, the European chipmaker, predicted a decrease of over 15% in first-quarter revenue on Thursday, falling significantly below market projections. This decline is attributed to weakened demand in the automotive sector and a continued decrease in orders from the industrial industry. The company, boasting clients such as Tesla and Apple, anticipates first-quarter revenue to be $3.6 billion, down from $4.25 billion in the previous year. This forecast is approximately 11% below the consensus estimate from analysts, as indicated by a

Cracked Vision Pro? Prepare for a Wallet-Wrenching $799 Repair

As technology advances, our dependence on smart devices, particularly smartphones, has become integral to our daily lives. With this increased reliance, the importance of protecting these devices has never been more significant. For users of Apple’s Vision Pro, a high-end device renowned for its cutting-edge features and sleek design, encountering a shattered cover glass can be a distressing experience. Without AppleCare Plus, the repair cost is a notable $799 – a price that might give users pause. In this article,

Musk Disputes Report of $500 Million Fundraising Push

In a statement, Elon Musk reported that his artificial intelligence (AI) firm, xAI, has garnered $500 million in commitments from investors, aiming for a revised goal of $1 billion. The tech mogul, who leads SpaceX and Tesla, and is the owner of Twitter, made this announcement in response to a user post on the X social media platform. The X app allows users to ask questions and receive witty responses from Musk’s xAI AI bot, Grok. Grok was made available

LA Gears Up for Driverless Future: Waymo Nears Launch of Robo-Taxi Service in City of Angels

The Alphabet Inc. division overseeing its autonomous driving technology, Waymo, announced on Friday that it had submitted an application to the California Public Utilities Commission for the expansion of its driverless service to Los Angeles. If granted a license, the company, currently conducting tests and offering rides by invitation in the city, would have the opportunity to operate its fleet fully in Los Angeles, in addition to its extensive operations in San Francisco. Waymo has been mapping neighborhoods in LA,

Code Red at Microsoft: Russia Accused of Spying on Tech Giant’s Top Brass

On Friday, Microsoft announced that its corporate systems were breached by a state-sponsored Russian group on January 12, resulting in the unauthorized access and theft of emails and documents from staff accounts. It didn’t say how many of its employees had their email accessed. The company says the hackers hacked into its system using a “password spray attack,” in which they bombard a target account with possible passwords, hoping one will work. The hackers gained access to a “tiny percentage”

Brushstrokes by Algorithm: AI Masters Handwriting Imitation, Raising Authenticity Concerns

Utilizing artificial intelligence tools enables individuals to create highly convincing voice duplicates and realistic videos, making it challenging to distinguish their artificial nature. Soon, though, bad actors could use the same technology to imitate a person’s handwriting style. It’s a development that could lead to a whole new level of cybercrime, warn two researchers. The researchers say they have developed technology that can mimic a person’s handwriting based on just a few paragraphs of written material. The key is recognizing

Tesla’s Optimus Takes a Fold: Elon Musk Reveals Humanoid Robot’s Shirt-Folding Prowess

Elon Musk recently unveiled Tesla’s latest humanoid robot model, Optimus, demonstrating its newfound capability to independently fold shirts. In a video shared on Musk’s social media platform, the Tesla CEO showcased the humanoid robot effortlessly retrieving a black t-shirt from a bucket and skillfully folding it with ease. The video has left many users impressed and captivated by the incredible feats of skill portrayed by the robot. But the excitement is tempered by the fact that the Optimus in the

Big Bite Out of Big Tech: Apple Nibbles iPhone 15 Prices in China (5% Off!)

Apple offers rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid competitive pressure in the world’s biggest smartphone market. The US tech giant cut prices of some iPhones by 5%, its Chinese website showed on Monday. The time-limited promotion, branded as a Lunar New Year event, will last from January 18 through January 21 in a lead-up to the holiday in mid-February. The current iPhone 15 series sales have been far

French Technology Group Atos Faces New Leader and Lower Forecasts After Profit Woes

French technology company Atos named a new chief executive on Monday and warned that free cash flow would be slightly below its initial target for the year’s second half, sending its share price tumbling. The firm said Paul Saleh, currently chief financial officer, would become CEO – the fourth in less than two years as it has grappled with a series of profit warnings. Atos, deemed strategic by the French government for its high-tech assets, including supercomputers used by the

CES 2024 Focuses Beyond the Standalone AI Gadget

Generative AI fever was expected to sweep through tech land and dominate CES, the year’s premiere consumer electronics trade show in Las Vegas this week. But you’ll have to wait another year, industry observers said. Instead, a handful of new gadgets showcased the potential for artificial intelligence to take on a broader range of tasks. Some aim to simplify people’s lives by automating tedious tasks, such as cooking or cleaning. Others aim to improve health and safety, while others aspire

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