Atlassian, a prominent provider of team collaboration and productivity software, has announced entering into a definitive agreement to acquire Loom, the popular video messaging platform. The deal values the over 25Mn+ users’ platform at nearly $1Bn. This strategic move by Atlassian is significant in the context of the ongoing global shift towards distributed work. With … [Read more…]
Samsung, the South Korean tech giant, reported a preliminary third-quarter profit drop of 78%, which, while significant, is not as severe as expected. This, according to experts, is an indication that the battered memory chip market might be on the path to recovery. The company’s estimated operating profit for the quarter was 2.4 trillion won … [Read more…]
In 2023, the PC market faced both challenges and glimmers of hope. According to Gartner, worldwide PC shipments in the third quarter of 2023 experienced a 9% decrease compared to the same period in 2022. This decline marked the eighth consecutive quarter of contraction, painting a rather grim picture for the industry. In India, the … [Read more…]
The popularity of ChatGPT saw OpenAI roll out a mobile-only version of the AI-powered chatbot earlier this year. And the app itself has been quite popular, if the statistics are any indication. On the contrary though, the rate of revenue growth and installs has slowed, according to media reports and analysis firm Appfigures. A TechCrunch … [Read more…]
Epic Games, the $31.5Bn valued game developer behind popular titles like Fortnite and Unreal Engine, announced that it will be laying off around 16% of its workforce, which will impact roughly 830 employees. Alongside these layoffs, the company also shared plans to divest its music platform, Bandcamp, and spin off most of its SuperAwesome services. … [Read more…]
Google has, for a long time, had a dominance in the search engine space. But if Microsoft had its way, then Google would have been replaced by Bing as the default search engine on Apple’s platforms by now. As surprising as this sounds, a new report by Bloomberg reveals that Microsoft had held talks with … [Read more…]
X, formerly Twitter, is on a path to profitability, according to CEO Linda Yaccarino. Speaking at Vox Media’s Code Conference, Yaccarino confidently stated, when pushed, that X is poised to turn a profit by early 2024 – a significant declaration considering X’s history of financial challenges (especially since it was acquired by Elon Musk). X’s … [Read more…]
Amazon’s practices, this time — and perhaps incoming — have earned the ire of the US federal watchdog. In a monumental move, the Federal Trade Commission (FTC) has filed an antitrust lawsuit against e-commerce giant Amazon in a federal court in Seattle. The complaint accuses the e-commerce major of illegally stifling competition by abusing its … [Read more…]
Cisco is adding a mega deal to its growing list of acquisitions, with security major Splunk joining in. The communications behemoth announced it is acquiring cybersecurity major Splunk in a $28B deal. Upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco’s Executive Leadership Team reporting to Chair and CEO Chuck … [Read more…]
In a world where content choices are abundant, Amazon has just unveiled a series of exciting updates to its popular Fire TV lineup. From the looks of it, Amazon’s new enhancements are designed to make your TV time more enjoyable, navigable, and personalized, and generative AI — ofcourse — will be leading the way. One … [Read more…]