Social media platforms have become the preferred choice for new age communication, offering a lot of interactive technologies that enable the creation and transmission of information, ideas, and interests. These virtual communities and networks have transformed the way we connect, enabling people from around the world to come together and express themselves. Whether through text,…
Bitcoin Reaches All Time High
Bitcoin operates on a protocol that implements a public, permanent, and decentralized ledger. This ledger, known as the blockchain, is the backbone of the entire network. The origins of Bitcoin can be traced back to 2008 when an individual or group operating under the pseudonym Satoshi Nakamoto introduced the cryptocurrency to the world. Bitcoin, abbreviated…
Grab Holdings Inc Cuts 1,000 Jobs
Grab Holdings Inc is a multinational technology company headquartered in Singapore. Grab was founded in 2012 as an intersection of transportation, food delivery, and digital payments, into a single platform accessible on mobile devices. With a presence in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand, and Vietnam, the publicly traded company is a force in…
Tesla Welcomes Rivian to EV Superchargers
Rivian Automotive Inc is an American electric vehicle (EV) manufacturer and technology company, that has been revolutionizing the industry since its inception in 2009. The company has a highly anticipated electric (SUV) and pickup truck, both of which are built on a unique self-contained automotive chassis platform. With the growing demand for sustainable last-mile delivery…
Mercedes Benz: MBUX introduces ChatGPT
Mercedes-Benz is a German automotive brand that specializes in luxury and commercial vehicles. Established in 1926, the brand has since acquired a top-shelf reputation for its exquisite craftsmanship, cutting-edge technology, and unmatched driving experience. In 2018, Mercedes-Benz was the premium vehicle brand globally, having sold 2.31 million passenger cars. Mercedes-Benz User Experience (MBUX) is a…
Instant Brands Files for Bankruptcy
Founded in 2009, Instant Brands Inc. is a household name in the kitchen appliance industry. With a mission to provide convenience to cooking, the company has gained widespread recognition for its innovative products, particularly the Instant Pot. Instant Brands recently filed for Chapter 11 bankruptcy, signaling the company’s intent to undergo a reorganization rather than…
Spotify: 200 Job Cuts Across Podcast Vertical
Spotify revealed plans for a strategic realignment within its podcasting division. This move comes as part of the company’s efforts to grow its partnership initiatives with leading podcasters worldwide and provide personalized support throughout the division. To implement this shift, Spotify is reducing the global podcast department and others, resulting in approximately 200 employees being…
Microsoft: $20 Million Privacy Violation Fine
Microsoft has reached a settlement with the US Federal Trade Commission (FTC) after they collected and retained data on children who created Xbox accounts. As part of the agreement, Microsoft will pay a fine of $20 million to the regulators, and additional measures will be implemented to enhance protection for young gamers. The Children’s Online…
Airbnb Sues New York City
Airbnb Inc is a San Francisco-based company that connects hosts offering accommodations and experiences with travelers seeking unique and personalized stays. Airbnb enables individuals to monetize their properties by renting them out to travelers for short or long-term stays. The platform boasts an extensive range of listings, spanning from cozy apartments in bustling cities to…
Nvidia: $1 Trillion Market Cap
Nvidia Corporation is an American multinational technology company headquartered in California. As a software and fabless company (Fabless manufacturing is the focus on designing and selling hardware devices and semiconductor chips, while entrusting the actual manufacturing process to external manufacturers), they specialize in designing graphics processing units (GPUs) that have become the standard for high-performance…