Newsmen Tech Desk

Zee Entertainment Shares Drop 8% Amid Reports of Sony Considering Merger Cancellation
Newsmen Tech Desk -
Media outlets indicate that Sony India is nearing a decision to abandon the merger with Zee Entertainment. It is speculated that Sony might issue a termination notice by January 20.
Samsung's Q4 2023 Earnings: 35% Profit Decline, Below Forecast Expectations
Newsmen Tech Desk -
This forecast falls short of the average analyst estimate of 3.9 trillion won, as reported by Yonhap Infomax, the financial data arm of Yonhap News Agency. Samsung also estimated a 4.9% decrease in fourth-quarter sales, amounting to 67 trillion won, according to a regulatory filing.
Gaming Innovation Unveiled: Intel Introduces Latest 14th Gen Chips for Laptops
Newsmen Tech Desk -
The new lineup includes the powerful HX-series mobile processors designed for gamers, creators, and professionals seeking high levels of performance combined with the mobility of a laptop.
WazirX Crypto Trading Volume Plummets 90% to $1 Billion Amid Regulatory Pressures
Newsmen Tech Desk -
In 2022, WazirX's trading volume reached $10 billion, while in 2023, it plummeted to $1 billion, marking a substantial decline. The regulatory environment for cryptocurrencies in India has become more stringent, with the government implementing measures to curb money laundering and enforce taxation on crypto transactions.
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EU Launches Official Investigation into Musk's X Following Israel-Hamas War
Newsmen Tech Desk -
The investigation includes aspects like the dissemination of illegal content, specifically in the context of Hamas' attacks against Israel.
Telecommunication Bill 2023 Grants Government Authority to Suspend or Prohibit Equipment Usage from Nations for National Security Reasons
Newsmen Tech Desk -
Additionally, the government can take measures during war or for national security, including specifying trusted sources for procurement and suspending or prohibiting the use of specified telecommunication equipment and services from certain countries or individuals. The Bill was introduced amid disruptions in the Lok Sabha.
Musk Offers Assurance to Bankers: No Losses Expected on Loans for Twitter Acquisition, Report
Newsmen Tech Desk -
Ad sales reportedly fell due to Musk's support for antisemitism, prompting major advertisers to leave the platform. With $1.2 billion in annual interest payments, X faces financial challenges, risking bankruptcy if unable to meet obligations.
Study Finds LinkedIn Usage Linked to Triggering Imposter Syndrome
Newsmen Tech Desk -
Despite the platform's benefits in career advancement, the study underscores the importance of recognizing and addressing the negative psychological effects of professional social networking sites.
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IT Sector Faces Recession Fears: Infosys and Major Players Announce Significant Cuts in Pay Hikes and Promotions
Newsmen Tech Desk -
Despite uncertainties, experienced workers believe that companies resilient through previous recessions will navigate this phase, considering it a natural cycle in the IT industry. Infosys, in communication with its staff, expressed gratitude for their support during these challenging times.
Wealthy White Men's Privileged Access to OpenAI's Technology: Report
Newsmen Tech Desk -
OpenAI's mission of ensuring AI benefits all of humanity appears at odds with its current board composition. Board Chair Bret Taylor emphasized the commitment to forming a diverse board, acknowledging its importance for OpenAI's future.
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