Social media company X (formerly Twitter) announced the completion of a preliminary investigation into the compromised account of the U.S. Securities and Exchange Commission (SEC). The compromised SEC account falsely claimed that the SEC had approved bitcoin exchange-traded funds (ETFs) for trading. X clarified that the compromise was not a result of any breach in… Continue reading SEC’s account compromise was ‘not due to any breach of X’s systems,’ company says

Meta announced on Tuesday that it will implement restrictions on the type of content accessible to teenagers on Facebook and Instagram amid growing concerns about the addictive nature and detrimental effects of its products on the mental well-being of younger users. The new measures, intended to provide teens with more age-appropriate experiences, will default settings… Continue reading Meta says it will restrict content for teens, as complaints mount about harmful effects on youth

The European Union’s executive arm, the European Commission, has indicated its intention to launch a full-scale merger investigation into Microsoft’s multibillion-dollar investment in OpenAI, a prominent artificial intelligence firm. The probe will focus on the markets for virtual worlds and generative artificial intelligence, aiming to assess their competitiveness and explore the role of competition law… Continue reading Microsoft’s multibillion-dollar investment in OpenAI could face EU merger probe

Elon Musk’s social media platform, X, formerly known as Twitter, has announced plans to launch peer-to-peer payments later this year, as revealed in a blog post on Tuesday. The move is described as unlocking “more user utility and opportunities for commerce,” aligning with X’s goal to “revolutionize 2024.” The blog post did not provide specific… Continue reading Elon Musk’s X to launch peer-to-peer payments this year

Analysts predict that Nintendo is gearing up to release a new Switch console in 2024 to capitalize on the enduring popularity of its iconic characters like Mario and Zelda. The original Nintendo Switch, launched in 2017, introduced a hybrid concept allowing gamers to seamlessly transition between TV and handheld play. Despite its success, recent signs… Continue reading Nintendo is expected to launch the ‘Switch 2’ console this year. Here’s what to expect

Apple is set to launch its highly anticipated Vision Pro headset in the U.S. on February 2, with pre-orders opening on January 19 at 5 PM Pacific Time. The headset, priced at $3,500, is positioned as Apple’s response to Meta’s Quest headsets and represents the tech giant’s foray into a new product category since the… Continue reading Apple Vision Pro headset launches in U.S. on Feb. 2, pre-orders begin Jan. 19

Tesla is recalling over 1.6 million vehicles in China to address issues related to its Autopilot features and locks, as announced by Chinese state regulators. The recall covers various models, including the Model S, Model X, Model 3, and Model Y, where drivers can potentially misuse a driving assistance feature, increasing the risk of collisions… Continue reading Tesla recalls more than 1.6 million cars in China over problems with Autopilot, locks

Foxconn, the leading iPhone assembler and an Apple supplier, reported a revenue drop of 5.4% in the final quarter of 2023, totaling NT $1.85 trillion ($59.7 billion). The decrease is attributed to weak or flat sales in computing products, smart consumer electronics, and cloud and networking products, with December revenue falling 27% year over year.… Continue reading Apple iPhone supplier Foxconn expects first-quarter revenue decline

Peloton has initiated a partnership with TikTok to broaden its customer base and alter public perception amid declining sales and profits. The collaboration, labeled ”#TikTokFitness Powered by Peloton,” will establish a fitness hub on TikTok featuring short-form fitness videos, live classes, content from Peloton’s instructors, and collaborations with TikTok creators. This move comes six months… Continue reading Peloton shares jump as it partners with TikTok to offer short-form fitness classes, other content

Qualcomm has unveiled its latest chip, the Snapdragon XR2+ Gen 2, in collaboration with Samsung and Google for the development of mixed reality devices, presenting potential competition to Apple’s upcoming Vision Pro headset. The partnership, announced last year, focuses on creating mixed-reality devices that overlay digital content onto the real world using a headset. Notably,… Continue reading Qualcomm announces new chip to power Samsung and Google’s competitors to Apple Vision Pro headset

Mobileye, the self-driving technology company majority owned by Intel, issued a warning, stating that it anticipates a significant drop in customer orders for the first quarter of 2024. This announcement led to a sharp decline in Mobileye’s shares, plunging as much as 25% during Thursday morning trading. The company attributes this anticipated drop in orders… Continue reading Mobileye shares plunge after chipmaker warns of order pullback

Apple’s shares faced a more than 3% decline in Tuesday morning trading as Barclays downgraded the stock to underweight, slightly adjusting its price target from $161 to $160. Analyst Tim Long expressed concern over the iPhone 15’s lackluster sales, particularly in China, foreseeing a continuation of weak iPhone 16 sales and an overall decline in… Continue reading Apple shares slip more than 3% after Barclays downgrade