Container shipments from China to the United States have experienced a significant increase following the temporary halt in retaliatory tariffs between the two countries. Data from the container-tracking company Vizion revealed that the volume of twenty-foot equivalent units (TEUs) surged by nearly 300 percent, rising to 21,530 TEUs in the week ending May 12. This …
Continue reading “Trade Tensions Ease as China-US Tariff Pause Sparks 300% Surge in Shipping Demand”
In its 2023 fiscal fourth quarter, Apple reported a net profit increase of 10.7% annually despite a slight drop in total sales. The American technology company’s net profit until September 30 rose to over $22.95 billion due to a surge in the sales of iPhone and services business. However, the company’s revenue dropped around 1% …
Continue reading “Apple’s Profits Jump 11% While Total Sales Drop Slightly”
In recent years, artificial intelligence has reshaped the digital era. Google’s AI unit DeepMind has crossed another milestone in AI technology by developing a self-learning AI tool, Robotcat AI, which can learn new tasks without supervision. A first of its kind, as DeepMind claims, RoboCat AI can use various real-world robots to teach itself and …
Continue reading “New Google AI Can Do Self-Supervised Teaching”
Two computer tasks work separately to create and assess images. Despite working in the same department, the two capabilities run different functions. MIT’s Computer Science and Artificial Intelligence Laboratory researchers found a way to merge the two into a unified vision system. Recently, the team trained a system to deduce the missing parts of an …
Continue reading “Computer Vision Systems Combine Image Creation And Recognition”
Tesla’s stock extended its longest winning streak of eleven consecutive days, setting a new record. Tesla’s shares ended the day with 2.2% at $249.83, recording the automaker’s highest stock since October 2022. The previous record of eleven straight days was recorded in January 2021. The new 12-day streak of Tesla’s stock was among the US’ …
Continue reading “Tesla Stock Records Longest Winning Streak After GM Ford Charging Deal”
Powerful virtual reality headsets are important because they provide a more immersive and realistic experience. They allow users to interact with virtual worlds, experience high-quality graphics and sound, and explore new forms of entertainment, education, and training, leading to increased excitement and interest in the technology. Apple might not have been the first to launch …
Continue reading “The Apple Vision Pro: Re-Visioning How People Interact with Virtual Reality”
Elon Musk and Twitter have been in the headlines consistently for the past year. From a complete takeover to mass layoffs and data regulation breaches, Twitter has seen a lot in such a short period. Musk, a billionaire, founder, innovator, and businessman had bought Twitter entirely for $44 billion earlier in 2022. The microblogging platform …
Continue reading “Elon Musk Buys Twitter, Gets Rejected As CEO”
Google has released its artificial tool, Google Bard, to assist users with simple or complex functions. Despite being in the beta stage, Google has made the chatbot accessible to over 180 countries, including India. This chatbot rivals ChatGPT regarding operations, UI, features, and limitations. Powered by LaMDA and PaLM2, Google Bard AI simplifies complex tasks, …
Swiss banking giant, UBS, has confirmed that Ulrich Koerner, CEO of Credit Suisse, will join its executive board after acquiring its domestic rival. The two banks will keep operating separately “for the foreseeable future” despite the high-profile merger expected to close within two weeks. Driven by the concern that Credit Suisse may encounter financial difficulty …
Continue reading “Credit Suisse CEO Joining UBS as Merger Closes in 2 Weeks”
With an impressive budget of around $2 billion, SpaceX is dedicated to advancing the development of its Starship rocket, according to Elon Musk. After the recent launch on April 20th, Musk is confident that the next flight will successfully achieve orbit, without requiring any extra financial support. He is optimistic about the program’s progress and …
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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