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Alibaba issues record convertible bonds of 4.5 billion USD to buy back shares
Alibaba, China’s leading e-commerce company, has just raised 4.5 billion USD through convertible bonds – this is the largest amount of USD-denominated bonds ever issued by an Asian company. This money will be used to buy back shares and invest in areas such as artificial intelligence. This bond has an interest rate of 0.5% and […]
Google built the first submarine fiber optic cable connecting Africa and Australia
Google, part of Alphabet Inc., is building the first undersea fiber optic cable connecting directly between Africa and Australia. This will greatly improve the quality of internet access in one of the world’s least connected regions. This cable route is called Umoja, built after Google ‘s Equiano cable (the cable connecting Africa to Europe). According […]
Foursquare downsizes operations, lays off 105 employees
Foursquare, the location-based company once famous for its “check-in” feature on iPhones, laid off 105 employees on Thursday. This is part of their efforts to “tie up” operations and “put the company on a more sustainable financial footing”. Affected employees will no longer have access to the system. CEO Gary Little has not commented further […]
Google poured 350 million USD into Indian e-commerce giant Flipkart
Technology giant Google will invest nearly $350 million in Flipkart, becoming one of the latest big names to support the Indian e-commerce company owned by Walmart. According to Flipkart ‘s brief announcement, in addition to the investment, Google will also provide cloud computing services to the company. This deal is part of a nearly $1 […]
Synapse collapses, 10 million users at risk
The financial technology (Fintech) startup market, which boomed in 2021, is now facing many difficulties, especially in providing banking services to third parties (Banking-as-a-Service, BaaS). . The most notable event was the BaaS company Synapse declaring bankruptcy. This incident shows the fragility of the Fintech ecosystem when an important link has problems. Synapse provides a […]
ICQ officially closed after nearly 28 years of operation
A familiar messaging application from the past – ICQ – will officially stop working from June 26. Russian company VK, which has managed ICQ since 2010, posted a brief notice saying the service was shutting down and suggesting users switch to its other messaging apps. ICQ is one of the first online messaging services, at […]
Google was forced to calculate the cost of Epic’s biggest request on the Play Store
Winning the lawsuit against Epic Games, however, asking Google to allow the Epic Games Store to operate inside the Google Play Store and access all of Epic’s available applications there seems a bit unreasonable. But surprisingly, the court is seriously considering it. Judge James Donato ordered Google to calculate the costs of implementing these requests […]
J.Lo in robot warrior armor couldn’t save Netflix’s boring AI thriller
Many viewers are looking forward to “Atlas”, the new sci-fi action movie on Netflix starring Jennifer Lopez. However, the film disappointed many people because of its superficial content and lack of emphasis. The plot revolves around Atlas, a robot armor created by Jennifer Lopez to fight evil AI enemies. However, the film does not fully […]
Asus ROG Ally X revealed with double the battery capacity and 2 USB-C ports
Recently, detailed information about the Asus ROG Ally X handheld gaming PC was revealed. Previously, this device attracted attention with its battery life that was said to be doubled compared to the original version. Now, thanks to leaked marketing documents , Ally X’s battery capacity is confirmed to be 80Wh, significantly higher than the 40Wh […]
Political advertising may be forced to disclose AI-generated content
The US Federal Communications Commission (FCC) is proposing to require political advertisers to disclose when they use artificial intelligence (AI)-generated content in radio and TV ads. If passed, the FCC would seek comments on mandating on-air and written disclosures about AI-generated content in political advertising and propose applying these requirements to certain media determined. The […]