Update: This article was last updated on 18th September 2023 to reflect the accuracy and up-to-date information on the page.
Welcome to our technology news blog, where we bring you the latest ground-breaking news from the constantly evolving world of technology.
Tech Startups to Tech Giants, Self-driving Cars to Autonomous Flying Planes, and many more innovations, we have got you covered.
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- Tech News in August 2023
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Tech News That You’ve Missed in August 2023
Black Hat USA 2023: AI and Cybersecurity Steal the Spotlight at the Year’s Most Impactful Event (August 5th-10th, 2023)
Black Hat USA, the largest cybersecurity conference, addresses the growing role of AI in cybersecurity. While AI offers enhanced security tools, it also poses challenges in defending against malicious AI applications. Keynote speaker Maria Markstedter will explore these complexities, emphasizing the need for robust cybersecurity strategies in an AI-centric world.
Source: Channel Futures
UNESCO advocates for the responsible utilization of technology in educational settings.
UNESCO’s Global Education Monitoring Report emphasizes the necessity for prudent governance and regulation of technology within education.
The report, titled ‘Technology in Education: A Tool on Whose Terms?’ advocates for a “human-centered vision” to ensure technology benefits both students and educators, rather than hindering the educational process.
It encourages policymakers and education stakeholders to evaluate technology based on its appropriateness, equity, scalability, and sustainability as it becomes more integrated into education systems.
Source: SDG Knowledge Hub
The economy added 187,000 jobs in August: The U.S. Department of Labor
Despite the unemployment rate rising to 3.8%, the U.S. Department of Labor said on Friday that the economy added 187,000 jobs in August.
Payrolls growth was driven by health care and social assistance, which added more than 97,000 jobs.
The category would have grown by more than 100,000 when including private education, as some economists do.
Tech Investment in Israel Takes a Dive: Industry Monitor Reports Plunge in High-Tech Funding in First Half of 2023
Investment in Israeli technology startups dropped significantly in the first half of 2023 due to uncertainty stemming from the government’s judicial overhaul plan, according to Start-Up Nation Central.
They reported a 29% decrease in private funding compared to the second half of 2022 and a decrease in investor participation. Initial public offerings and mergers and acquisitions also hit a five-year low. Israel’s high-tech sector, which contributes significantly to its economy, has seen this downturn despite a stable global tech investment environment.
Source: ABC news
US Government Initiates Cutting-Edge AI Cybersecurity Challenge
The US Biden-Harris Administration has launched the ‘AI Cyber Challenge,’ a two-year competition to utilize AI for software security. It brings participants nationwide to address vulnerabilities in critical software, involving tech giants like Google and Microsoft with nearly $20 million in prizes. The challenge aims to showcase AI’s potential in cybersecurity.
Tech News That You’ve Missed in July 2023
Image source: ISRO
India Successfully Launches Chandrayaan-3 Moon Mission
India has initiated its third lunar mission, with the goal of becoming the first country to land near the relatively unexplored south pole of the Moon.
The Chandrayaan-3 spacecraft, consisting of an orbiter, lander, and rover, was launched on Friday from the Sriharikota Space Center.
The lander is scheduled to reach the Moon between August 23rd and 24th. If successful, India will be the fourth country to achieve a soft landing on the Moon, following the US, the former Soviet Union and China.
Source: Yahoo News
Meta Officially Launches Instagram Threads In A Direct Challenge to Twitter
Meta has launched Threads, a messaging app that resembles Twitter and is positioned as Instagram’s “text-based conversation app.”
Mark Zuckerberg, Meta’s CEO, introduced Threads as the company’s new text-focused messaging app, targeting users who have migrated away from Twitter.
Tech News That You’ve Missed in June 2023
Image source: Mixed News
Meta Introduces A Virtual Reality Service At A Monthly Cost Of $7.99
Facebook’s owner, Meta, revealed Meta Quest+, a monthly virtual reality subscription service. Priced at $7.99, Meta Quest+ offers users access to two new games every month. It is compatible with Quest 2, Quest Pro, and the upcoming Quest 3.
This subscription initiative represents Meta’s ongoing endeavors to generate consistent revenue from its Reality Labs division, focused on the advancement of Virtual Reality and Augmented Reality technologies.
IBM Plans To Purchase Apptio, A Software Company, In A Deal Valued At $4.6 Billion
IBM has revealed its intention to acquire Apptio, a software company currently owned by Vista Equity Partners, for a substantial sum of $4.6 billion.
Apptio specializes in providing financial and operational IT management as well as optimization software, catering to a broad client base of over 1,500 companies, including renowned tech giants like Amazon, Microsoft, and Google.
Twitter To Focus On Video, Commerce In Business Revamp
According to an investor presentation reviewed by Reuters, Twitter’s owner Elon Musk and the new Chief Executive, Linda Yaccarino, outlined their plans to rejuvenate the social media company’s business beyond digital advertising.
The strategy involves prioritizing video content, fostering creator collaborations, and forging partnerships in the realm of commerce.
Mercedes Drivers Can Soon Turn To ChatGPT For Voice Control
Mercedes-Benz has announced a test program starting on June 16 that allows U.S. drivers to utilize ChatGPT to power certain luxury vehicles. The program targets approximately 900,000 vehicles equipped with the automaker’s “MBUX” systems.
Once drivers opt-in through a Mercedes app or voice command, ChatGPT will be downloaded over the air. This three-month test period will enable Mercedes to observe how drivers engage with this technology.
Source: LinkedIn News
Apple Stock Hits Record, On the Cusp Of $3 Trillion Market Value
Apple’s stock reached a historic milestone as it achieved a record-high closing price and approached a market capitalization of $3 trillion.
The shares of the iPhone maker increased by 0.6% to reach $189.25, resulting in Apple’s market value being valued at $2.98 trillion, as per Refinitiv data. This marks the second consecutive record-high closing for Apple’s shares.
Source: The Business Standard
Tech News That You’ve Missed in May 2023
Image source: The Guardian
Neuroscience Device Helps Paralyzed Man Move His Muscles
Despite being paralyzed in a 2011 cycling accident, Gert-Jan Oskam, 40, can now stand and walk with the help of an implanted device. This device reads his brain waves and sends instructions to his spine, enabling the activation of the correct muscles. Oskam has surpassed expectations by climbing stairs and walking distances exceeding 100 meters since the procedure.
Source: The Guardian
NVIDIA Has Become A Member Of The Exclusive $1 Trillion Club, Driven By The Rapid Growth Of AI
NVIDIA, a prominent chip manufacturer, briefly joined the elite league of US companies valued at over $1 trillion as its shares surged over 5% before retracing.
The stock had already witnessed a substantial increase of more than 25% the previous week, buoyed by positive forecasts of heightened demand fueled by advancements in artificial intelligence.
Source: The Wall Street Journal
The World’s Biggest Ad Agency Is Going All In On AI With NVIDIA’s Help
WPP, The largest advertising agency globally, revealed a partnership with chipmaker NVIDIA to develop advertisements utilizing generative artificial intelligence.
NVIDIA CEO Jensen Huang announced the collaboration, showcasing WPP’s newly introduced content engine at Computex Taipei.
WhatsApp Will Now Let You Edit Messages. But There’s A Catch
In an update, the messaging platform owned by Meta announced that users now have the ability to edit their messages within a 15-minute timeframe after sending. The edited messages will be labeled as “edited” in the chat without displaying the edit history.
OpenAI Launches An Official ChatGPT App For iOS
OpenAI is making it even easier for many to access ChatGPT by announcing the launch of a free ChatGPT app for iOS users in the United States, with plans to roll out to other countries soon. The launch comes six months after OpenAI first released ChatGPT online to the public.
Tech News That You’ve Missed in April 2023
Image source: Business Insider
Google CEO Sundar Pichai Made $226 Million Last Year
According to a recent filing from Alphabet, Sundar Pichai, the CEO of Google and its parent company Alphabet, earned approximately $226 million in 2022.
The bulk of his compensation, amounting to over $218 million, derived from his stock holdings.
Researchers Have Developed A Tool To Optimize Irrigation
Stanford University researchers have developed an irrigation optimization technique that could assist farmers in conserving water.
By swiftly calculating soil water loss through evapotranspiration (the combined process of water evaporation into the atmosphere and plant water intake), the new modeling tool outperforms existing methods by operating 100 times faster while maintaining accuracy.
Source: The Stanford Daily
TikTok Is Testing An In-App Tool That Creates Generative AI Avatars
In an effort to bring recent advancements in artificial intelligence technology to the forefront, TikTok is currently experimenting with a new feature that allows users to generate AI-powered avatars for their profile pictures. This testing phase has the potential to introduce this innovative capability to millions of TikTok users.
Online Superstore Temu Expands To Europe After Conquering America
Having gained significant popularity as the top app in the United States, the online shopping platform Temu has expanded its operations across the Atlantic. The company’s website indicates that it is now active in six European countries, namely France, Germany, Italy, the Netherlands, Spain, and the United Kingdom.
U.S. Begins Planning For 6G Wireless Communications
The White House aims to leverage the insights gained from 5G’s early engagement and resilience to guide the development of a 6G network that prioritizes performance, accessibility, and security, according to the official.
Source: Wall Street Journal
Tech News That You’ve Missed in March 2023
Image source: Zoom
Zoom Expands Smart Companion, Zoom IQ, For Collaboration
Zoom has announced the expansion of Zoom IQ, its smart companion designed to enhance collaboration and unlock potential. Zoom IQ leverages artificial intelligence to provide intelligent insights and features such as live transcription, real-time translation, and meeting highlights.
The expansion of Zoom IQ aims to empower users with enhanced collaboration capabilities and improved productivity in virtual meetings and events.
Source: LinkedIn News
Chatbot Start-Up Character.AI Valued at $1 Billion In New Funding Round
Character AI, a startup that uses artificial intelligence (AI) to create realistic and personalized virtual characters for gaming and entertainment, has raised $70 million in a recent funding round, earning unicorn status with a valuation of over $1 billion.
The funding will be used to further develop their AI technology and expand their team.
Source: New York Times
Microsoft 365 Copilot Launched
Microsoft introduced Microsoft 365 Copilot, a new tool designed to streamline work tasks and enhance productivity by providing intelligent assistance and insights across various Microsoft Office applications.
Microsoft 365 Copilot aims to simplify workflows, provide personalized recommendations, and offer proactive assistance to help users optimize their work processes and achieve better outcomes.
Source: LinkedIn News
Apple Launches Buy Now, Pay Later Service
Apple has introduced its “buy now, pay later” service, Apple Pay Later, in the United States, as the company aims to tap into the market of over $100 billion worth of purchases made by Americans using this payment method.
With Apple Pay Later, users have the option to split their purchases into four payments over a six-week period, free of any interest or fees.
Elon Musk’s Brain Implant Company In Search Of Human Trials Partner
Neuralink, Elon Musk’s brain implant company, has apparently approached one of the biggest neurosurgery centers in the United States. The company reportedly deems the centers as a potential clinical trials partner.
Tech News That You’ve Missed in February 2023
Image source: Microsoft
Microsoft Launches New Bing Search Engine with ChatGPT Integration
Microsoft launches AI-powered Bing search engine and Edge browser. The new Bing combines search, browsing, and chat for a more comprehensive and interactive search experience.
It uses a next-gen OpenAI language model and a proprietary collection of capabilities called the Prometheus model.
Dronomics, The World’s First Cargo Drone Airline, Raises $40M
Dronamics, the world’s first cargo drone airline with a license to operate in Europe, raised €40M in pre-Series A funding. The startup, originally from Bulgaria, plans on using drones that can carry up to 350 kg of cargo at a distance of up to 2,500 km.
Apple Is Closer to Bringing No-Prick Glucose Monitoring to Their Watch
Apple is reportedly closer to developing a noninvasive glucose test for its Apple Watch. The sensor, based on technology acquired in 2010, will measure glucose levels and may also detect pre-diabetes without needing to prick the skin for blood. This technology could help millions of diabetics all over the world.
Source: Yahoo News
Starlink Is Testing A ‘Global Roaming’ Internet Service That Will Allow Users To Connect From Anywhere In The World
Starlink is currently in the process of testing a new satellite internet service that boasts the capability to provide connectivity from virtually any location worldwide, as conveyed in a message received by select Starlink users.
This service termed the “Global Roaming Service,” comes with a monthly fee of $200 in addition to the base cost of the $599 Starlink Kit.
Source: Business World
eBay Acquires AI Fraud Detection Company 3PM Shield
eBay has acquired 3PM Shield, an AI-powered fraud detection company. This technology will help eBay identify suspicious or harmful sellers on its platform and fraudulent, illegal, or unsafe items more effectively.
Tech News That You’ve Missed in January 2023
Image source: The Verge
Airbus Is Testing Out Autonomous Flying Tech In Some Of Its Planes
During the testing phase, Airbus’ experimental aircraft demonstrated the ability to autonomously perceive and react to various external factors such as flight zones, specific terrains, and weather conditions.
This resulted in the aircraft generating a new flight trajectory and effectively communicating this information to air traffic control and other relevant airport operators, all without human intervention.
Source: The Verge
Walmart, American Number One Retailer, Launches An E-commerce Site For Businesses
Walmart launched a dedicated e-commerce site for small and medium business customers and offered the possibility to provide more than 100,000 items. The main aim is to simplify business-related purchases.
Sweden Discovers Rare Earth Metals – Could Change Europe’s Tech Ecosystem
The discovery of what’s considered the biggest deposit of rare earth metals in Europe might change its relationship and dependence on China. Rare earth metals are a group of 17 chemical elements that are crucial for building components in EVs and wind turbines.
Today, Europe imports about 98% of these rare metals from China.
American Express Adopts ML Technologies to Decrease Card Fraud Rates Significantly
American Express used Machine Learning, data generated, and deep learning techniques to create the advanced machine learning system. Since the launch, they have demonstrated the lowest card fraud rates globally.
OpenAI Signed Multi-billion Investment Deal with Microsoft
Microsoft announced a new phase of its partnership with OpenAI with a multiyear, $10 Billion investment to accelerate AI breakthroughs. The partnership aims to ensure these benefits are broadly shared with the world.
The agreement includes scaling supercomputers for OpenAI’s research, deploying OpenAI’s models across all Microsoft products, and integrating Azure into OpenAI’s work.