Tech giants as well as many startups have once again been forced to make job cuts in 2023. According to Layoffs.fyi, the total number of tech layoffs so far this year is 168,243, surpassing the total number of layoffs for 2022. While the layoffs are largely attributed to the macroeconomic environment and a need to …
Continue reading “A Comprehensive List Of 2023 Tech Layoffs”
Oil prices climb for various reasons, including supply and demand imbalances, geopolitical tensions, and market speculation. When the demand for oil increases faster than the rate at which it can be produced, prices tend to rise. Conversely, if the supply outpaces the demand, prices may fall. Geopolitical events, such as conflicts in major oil-producing countries, …
Continue reading “Oil Prices Soar, Fed Raises Rates as Brent Hits $83.40/bbl”
Recently, Microsoft posted results that shed some positivity in light of the weak economy, thanks to the cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The stable results that the company posted helped soothe the fears the tech giants had about their …
Continue reading “Microsoft’s Cloud Business Stays Strong Despite Trying Times”
Tesla vehicles in the United States are now relatively more affordable after the company reduced its prices by 20%. To increase sales, the automotive company incorporated the change two weeks into 2023. The price cut swings between 6% to 20% for Model 3 and Model Y SUVs. Tesla also implemented the new price chart in …
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With telecommunications growing by leaps and bounds, the world has already started looking forward to the introduction of 6G. With 5G yet to flourish completely and show its capabilities across domains, research on 6G communications have already started. Researchers at the University of Massachusetts Amherst feel that the human body is the way forward to …
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OpenAI has been surprising the world with its achievements lately. With ChatGPT, an AI-powered chatbot, the company has made it possible to create interaction-style conversations. One thing about ChatGPT that has everyone on the edge of their seats is its human-like responses. Another fact fueling the excitement about OpenAI’s latest venture is that it is …
Continue reading “OpenAI’s ChatGPT Reportedly Costs $100,000 a Day to Run”
The Federal Trade Commission has blocked tech giant Microsoft in its attempt to acquire the video game developer Activision Blizzard, Inc. This would be Microsoft’s largest deal that strategically wipes out the competition in the video gaming industry. Owning the gaming franchises such as Call of Duty, the alleged $69 billion deal was held back …
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Huawei, a Chinese tech giant, announces a global patent cross-licensing agreement with Oppo, a leading competitor in the tech industry. This agreement allows the two companies to share their intellectual properties and take leaps of innovation. With more than 20 years of innovation, Huawei was, at one time, the world’s largest smartphone manufacturer. They shipped …
Continue reading “Chinese-tech Giant, Huawei, Is Now Selling 5G Patents To Competitors.”
Elon Musk has done it again—he’s brought the fight out into the open. This time it’s against Apple Inc. And it is a fight that is bound to be exciting. There are no legal tricks he could pull off, public shaming he could inspire, or any money he could throw away in pursuing both, that …
Pizza is certainly one of the most filling foods, and when it comes to pizza, one of the most anticipated names is Domino’s, with its widespread availability across the world. But, when it comes to the demand for pizzas, especially Domino’s, the US residents win it. This excess demand has led to a shortage in …
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The enterprise tech world is evolving with newer ambitions. While the wings of innovation are spreading to newer skies, the technologists are finding it hard to play catch-up and are making sure they are in tune with the technology juggernaut. CIOCoverage aims to bridge this very gap that exists between the tech-savvy where he rests, in the very heart of it. Awakening a keen insight in you to move along the flow, CIOCoverage works to make the entrepreneurs, versatile to the sturdy technological influences.
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