Alphabet + HubSpot: Google’s owner is considering a $35 billion acquisition of a software company
HubSpot offers cloud-based software for automation, online marketing and sales
When a client wants a Ferrari for a Fiat budget. How Ukrainian IT wins competition with foreigners – Head of EPAM Ukraine
«When our clients need to do something impossible, they come to Ukraine», says Stepan Mitish, Vice President, Head of EPAM Ukraine, during a panel discussion at presentations research Digital Tiger: the Power of Ukrainian IT – 2023. Mitish argues that as an employee of a global company with a presence in 55 countries, he has […]
Google may make search paid — premium options will use AI
Google Search is considering charging for new premium features based on artificial intelligence. The addition of paid features to the search engine may be the first case of direct monetization of the company’s main product for ordinary users. It is reported by Financial Times, citing insiders.
All on AI. How NVIDIA’s revenue structure has changed over the past 5 years (infographic)
Following the AI boom, the key revenue drivers of the largest US chipmaker have changed dramatically.
Huawei earned $97.48 billion in revenue and $12.05 billion in profit as the business recovers from 2019 US sanctions
In 2023, Huawei Technologies demonstrated the fastest revenue growth in the last 4 years. This was achieved thanks to the recovery of the consumer segment and revenues from new activities, such as components for smart cars. All this accelerated its recovery from US sanctions.
Ukraine’s largest uranium producer goes bankrupt, while the Energy Ministry ignores the problem
On March 20, the Economic Court of Dnipropetrovs’k Region held a hearing on declaring the state-owned enterprise «Vostochny Ore Mining and Processing Plant» bankrupt. This is evidenced by data from the register of court decisions.
Canadian school boards sue TikTok, Meta, and SnapChat — platforms interfere with children’s lives and learning
The four largest school boards in the Canadian province of Ontario have launched lawsuits against TikTok, Meta, and SnapChat. They claim that social media platforms interfere with the learning process. The plaintiffs are seeking damages of more than 4 billion Canadian dollars ($2.9 billion) for disrupting student learning and the education system.…
Hyundai invests $50 billion to secure a place in the TOP 3 electric car manufacturers
Hyundai has announced a significant investment of $50 billion to maintain its position as the automotive market transitions to electric vehicles. The automaker will hire 80,000 employees in Korea to become one of the top 3 electric car manufacturers by 2030.
Sega sells Relic Entertainment and cuts 240 jobs in UK studios
The gaming industry continues to be feverish. It has become known that Sega has sold Relic Entertainment, which is known as the developer of such popular games as Company of Heroes and Dawn of War. The studio has recently developed a new Age of Empires for Microsoft. Relic is transforming into an independent studio and will no longer be part of the…
Apple officially announces WWDC24 time and hints at AI
Apple is officially announced its WWDC24 event. The conference for developers will start on June 10 and end on June 14. As in recent years, the company is holding a special in-person invite-only event at Apple headquarters. The company continues its tradition of offering WWDC online for free to everyone and is also organizing an in-person event…
Microsoft has reunited Windows and Surface teams under the leadership of Pavan Davuluri
Microsoft has appointed Pavan Davuluri as the new head of the Windows and Surface division. After Panos Panayi’s unexpected move to Amazon, Microsoft split the Windows and Surface groups last year under two different leaders.
Apple lost $113 billion due to «attacks» from EU and US regulators
US Department of Justice has filed a lawsuit against the iPhone manufacturer with allegations of violation of antitrust rules, and the EU is preparing an investigation into non-compliance with the Digital Markets Law.
America v. Apple: a large-scale antitrust trial has begun in the United States
The U.S. Department of Justice has accused Apple of having an illegal monopoly on the smartphone market in a new major antitrust lawsuit that aims to significantly change the Apple iPhone.
lifecell earned 11.7 billion in revenue last year (+24.4%), its subscriber base grew to 9.9 million and the average bill increased to UAH 111
Lifecell has announced its financial and operating results for the fourth quarter of 2023 and the full year. Last year turned out to be a successful one for the company, which managed to increase its revenue and active subscriber base.
Meta, Microsoft, X (Twitter) and Match Group oppose Apple’s intention to charge 27% commission on payments outside the App Store
Several well-known tech companies have joined Epic Games in opposing Apple’s decision to charge fees for iOS payments made outside the App Store. Meta, Microsoft, X (Twitter), and Match Group have filed a legal challenge, which provides some support for Epic’s case.
Intel to receive $8.5 billion to develop production in the US thanks to the CHIPS and Science Act
Under the CHIPS and Science Act, Intel receives a huge amount of assistance from the US government. According to a preliminary agreement reached with the Department of Commerce, the company can receive up to $8.5 billion in direct funding from the government.
Google’s DeepMind co-founder to head Microsoft’s artificial intelligence division
Mustafa Suleiman joins Microsoft to lead the company’s artificial intelligence division, which develops consumer-facing AI products, including Copilot, Bing, and Edge.
Liz Reid has been appointed to head Google’s search division — she previously managed search products with artificial intelligence
Google Search has a new head. This business is headed by Liz Reid, who has been working at Google for more than 20 years. Most recently, she was the head of artificial intelligence-based search, known as Search Generative Experience (SGE).
US regulator accuses Musk of trying to «distort» Twitter takeover investigation
The billionaire is suspected of «fraud» with shares on the eve of the acquisition of Twitter, which could potentially earn him about $150 million.
Epic seeks injunction against Apple’s App Store because external payments are still anti-competitive
Epic Games is not done yet sue Apple. The 2021 decision forced Apple to allow App Store app developers to link to external payment systems, and now Epic has filed a petition with a judge asking him to enforce the decision.
NKEC fines Lifecell for more than UAH 10 million for failing to provide base stations with backup power
The National Commission for the State Regulation of Electronic Communications, Radio Frequency Spectrum and Postal Services (NCCS) has fined mobile operator Lifecell. The reason for this was accusations of failing to comply with the requirements for power supply to base stations in Rivne region. The fine amounted to almost UAH 10.5 million.
Disappointing revenue statistics for 30 thousand mobile apps explain why developers continue to insist on subscriptions
It is expected that next year mobile app developers will be more aggressive in promoting subscription-based usage. Figures from RevenueCat, which analyzed more than 30,000 apps, show that most of them are trying to reach $1,000 per month in revenue.
Larry Ellison is $15 billion richer after Oracle shares soar 12% to record high
Today, Allison is one of the five richest people in the world in of the Forbes rating with a net worth of $157.3 billion.
Epic Games will charge $1850 per year for developers who use Unreal Engine for other purposes than gaming
Epic Games has announced a new pricing scheme for developers creating non-gaming products using the Unreal Engine. The company will charge an annual subscription «per seat» of $1850. The term «per» seat actually means «person using» software. These changes will take effect with the release of Unreal Engine 5.4 at the end of April.
OpenAI calls Elon Musk’s accusations «incoherent»
«There is no Founding Agreement or any other agreement with Musk», — OpenAI stated as a defendant for the lawsuit of Elon Musk. The accusation is that the company violated its non-profit status and violated its founding agreement, which allegedly promised that the organization would never work for profit and would release its AI publicly.
Telegram has 900 million users, earns hundreds of millions of dollars and is valued at over $30 billion – Pavel Durov
In a recent interview, Pavel Durov spoke about the achievements of the Telegram messenger. According to him, Telegram has become one of the most popular social media platforms in the world. It earns «hundreds of millions of dollars» in revenue after the introduction of advertising and premium subscription services.
Updated: Former Activision Blizzard’s boss Bobby Kotick wants to buy TikTok, — The Wall Street Journal
He has allegedly already presented the idea to potential partners, including OpenAI CEO Sam Altman.
Another wave of layoffs is taking place at the AirSlate food company – mobilized workers are being fired
According to the sources of the «Overheard in IT» channel, AirSlate is undergoing at least the third wave of layoffs in less than six months.
Nikon buys RED camera manufacturer, with which it had patent disputes 2 years ago
Nikon has announced the acquisition of RED, a high-end movie camera company. The value of the deal was not disclosed. The statement said that RED will become a wholly owned subsidiary of Nikon. RED currently employs about 220 people. No plans for staff reductions have been made public at this time.
European Commission «on game» — demands explanations from Apple on blocking Epic Games developer’s account
Apple has to explain to EU regulators how its blocking decision complies with the requirements of the Digital Markets Act (DMA).
Following the example of Apple: Google introduces new fees for app developers in the EU
Google has already allowed users to download apps outside the Play Store in accordance with the EU Digital Markets Act, but is now introducing two new commissions for this purpose.
Apple banned Epic Games developer account due to «unreliability» — EGS on iOS is still postponed
The other day, Apple released iOS 17.4 by allowing users to download apps and games from third-party app stores — Epic was also preparing its own alternative, but due to the blocking of the developer’s account, the plans are still on hold.
The aftermath of Nintendo’s lawsuit against Yuzu has caused panic in the community. Nintendo DS emulator Drastic becomes free and prepares to close
The next day, as Yuzu emulator for Nintendo Switch has been completely shut down due to Nintendo’s lawsuit, it is not yet clear what other members of the emulator community should fear. So far, they have taken a wait-and-see attitude and tried to minimize potential losses (so that they do not have to pay $2.4 million like Tropic Haze, the…
Apple sold 24% fewer iPhones in China due to Huawei’s recovery (up 64%)
Sales of Apple iPhone smartphones in China fell sharply in the first six weeks of 2024, according to a report Counterpoint Research. The analyst firm reported that iPhone sales fell by 24% during the period as Apple faced stiff competition from local smartphone makers such as Huawei, Oppo, Vivo, and Xiaomi.
Amazon founder Jeff Bezos overtakes Elon Musk to become the world’s richest man again
According to Bloomberg Billionaires Index, on Tuesday Bezos’s fortune reached $200 billion, returning him to the top of the billionaires’ list.
Company that created Switch emulator settles lawsuit from Nintendo for $2.4 million
Last month, Tropic Haze, the creator of the Yuzu emulator for the Switch console, was sued by Nintendo, which claimed that Yuzu «promotes piracy on a colossal scale». Now, both parties have reached a mutual agreement on a monetary settlement and a permanent injunction. Tropic Haze will pay Nintendo $2.4 million.
EU fines Apple $2 billion for «blocking» alternative music apps
This is the third-largest fine from the EU and the first one aimed at Apple.
*We are still working for the benefit of all humanity: OpenAI denies allegations in Elon Musk’s lawsuit
OpenAI leaders disagreed with claims of Elon MuskThey believe that Musk is simply upset that he is no longer part of the AI company. They believe that Musk is simply upset that he is no longer part of a company that develops artificial intelligence.
Musk sues OpenAI and Sam Altman over «AI threat»
The lawsuit says that OpenAI has allegedly abandoned its original mission of developing artificial intelligence for the benefit of humanity, instead focusing on making a profit.
EA will lay off 670 employees (5% of the staff), close Ridgeline Games studio. Respawn’s Mandalorian game is canceled.
Electronic Arts is planning to lay off about 5% of its staff, i.e. about 670 employees. This is done in order to restructure the company and change its operating model. This became known from a memo distributed by EA CEO Andrew Wilson.
Streaming TV: Max and Paramount Plus merger will not take place, shares of the companies fall
In December, we reported that streaming TV services Max and Paramount Plus were seriously discussing joining forces. The companies were considering a merger that would allow them to better compete with Disney Plus/Hulu and Netflix. This could have meant combining Max and Paramount Plus services into one super streamer.
Intel plans to launch 1nm manufacturing process in 2027 and invest $100 billion in production facilities
During the Intel Foundry Direct Connect event, the company announced that it plans to launch production/development of the Intel 10A node (1nm analog) at the end of 2027. At the same time, production based on the 14A (1.4 nm) node is scheduled for 2026. The company is also working on creating fully autonomous AI-based fabs in the future.
Sony will lay off about 900 PlayStation employees — the most successful studios Naughty Dog, Insomniac and Guerrilla will suffer
Sony said about a «difficult decision» – the company is forced to «restructure its operations» and has decided to start reducing the staff of the PlayStation division. This will allow us to «optimize resources».
Microsoft signs a partnership agreement with AI startup Mistral, a competitor of OpenAI
Microsoft has announced a new multi-year partnership with Mistral, a French startup specializing in artificial intelligence. This startup is only 10 months old but is already valued at €2 billion. The companies did not disclose the details of the investment.
Reddit plans to go public and invites active users to invest
Reddit has filed an S-1 statement with the Securities and Exchange Commission (SEC) detailing its finances and business goals ahead of its initial public offering (IPO) on the New York Stock Exchange under the symbol RDDT.
Elon Musk accuses Google of «insane racist, anti-civilization programming of its artificial intelligence»
Elon Musk confronted Google after it suspended the Gemini image generation function because some users on social media reported that the artificial intelligence constantly generates images of people of color in an inaccurate historical context.
The demand for Nvidia chips is so high that Jensen Huang had to assure analysts that the company distributes them «fairly».
The demand for AI chips from Nvidia is so high that co-founder and CEO Jensen Huang had to assure that the company distributes them «fairly».
Reddit social network allows Google to use its content to train artificial intelligence for $60 million a year
Social platform Reddit has signed a deal with Google to make its content available for training the search giant’s artificial intelligence models. According to sources, the contract with Google (Alphabet) is worth about $60 million per year.
Before his retirement, Jim Ryan gave advice to his successor and named the main games of each PlayStation generation
Having worked for three decades at PlayStation, Jim Ryan, who is stepping down as president and CEO of Sony Interactive Entertainment next month, has seen the industry he loves undergo dramatic changes. And from the height of his experience, he gave advice to his successor and named the top games of each PlayStation generation.
Google to manufacture Pixel smartphones in India from April, — Nikkei
Google has told suppliers to start manufacturing its Pixel smartphones in India no earlier than next quarter, as part of its plan to ship more than 10 million Pixel phones this year, according to a Nikkei report.
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