As the race for technological dominance intensifies, the United States and the European Union are committing substantial funds to chip subsidies, while India is heavily investing in its semiconductor mission. On the other end, UK Prime Minister Rishi Sunak took a decisive step by announcing a billion-pound subsidy for the emerging microchip industry in the …
Agritech has been on the rise in the past few years, enhancing every step of the agri value chain. In the United States, the agriculture sector contributes around $1.27 trillion to the national GDP and employs around 2% of the workforce. The use of agritech platforms in the United States is growing, and it’s estimated …
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Gartner, one of the world’s leading research and analytics firms, forecast that the global end-user spending on public cloud services is to grow 21.7% to a total of $597.3 billion in 2023, from $491 billion in 2022. The cloud market is a rapidly growing field and all the segments of the industry are expected to …
Continue reading “Global Cloud Spending Expected To Jump 21.7% As IaaS Leads The Way”
Chinese car makers dominate the EV market, giving the European car giants a massive shake-up, and a potentially devastating loss of income. With the changes in the car market as electric vehicles cause a change in consumer behavior, China’s growing share of the EV market in its home market and the EU will see the …
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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, …
Johnson & Johnson’s consumer-health spinoff Kenvue became the biggest U.S. IPO in over a year, with a 22% jump after its market debut on the New York Stock Exchange. The events of May 4, 2023, puts the company roughly at a value of $50 billion. Trading under the ticker KVUE, the company holds a range …
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Lordstown Motors, an electric vehicle (EV) startup, has been in the news for all the wrong reasons lately. The news of the company’s potential bankruptcy is a significant blow to its efforts to establish itself in the competitive EV market. Lordstown hangs in the balance as its shares fell over 23% on May 1, and …
Tesla has once again reduced the prices of some of its Model Y and Model 3 vehicles in the United States. This is the sixth time the company has cut prices this year as it aims to boost demand, even if it means sacrificing its industry-leading profit margins. However, the price reductions have caused the …
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The dispute regarding the fate of TikTok escalated further on Wednesday when the Biden Administration warned of a potential nationwide prohibition on the viral video app unless its Chinese parent company agreed to sell its ownership stake. The Wall Street Journal first broke the news of the latest request for divestiture. Cfius Demands A …
India has announced that it will be sharing its health technology initiatives as universal public goods with the global community to improve global health services. Lav Agarwal, Additional Secretary of Health, made this announcement at a press conference before the second health working group meeting under G20 India Presidency, to be held in Goa from …
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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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