The world's largest chip producer, Samsung Electronics, plans to cut memory chip production after estimating a 96 percent drop in its quarterly profit. According to the company, chip sales have dropped sharply because of the slow global economy and less demand after the pandemic.

According to the information given by Samsung, the preliminary numbers showed that operating profits fell 600 billion won, that is, £366 million and $455 million in January-March, from 14 trillion won in 2022. The firm's shares have also jumped more than 4 percent on the news of slow chip making.

As per the reports, the demands for memory chips have risen during the covid lockdowns as consumers used to buy new electronics to use at home. The company also added…

After the largest exporters of oil in the world announced surprise cuts in the production, oil prices have surged. The study says, the brent crude oil prices is trading close to $85 a barrel after jumping almost 6 percent.

48 percent of the world’s production accounted for desalinated water daily in the Middle East and North Africa, as per the reports by BNC Intelligence. Going by the definition, desalination is the process of removal of salts and contaminants from the sea water to produce fresh water.

According to the 4th MENA Desalination Projects 2023, it shows the details of how a total of $39.3 billion is currently spent on the desalination projects across all the regions. United Arab Emirates and Saudi Arabia are investing most of the countries with $14.58 billion and $10.28 billion regarding the projects, respectively. As per the U.S. Saudi Council, 60 percent of the water in kingdom comes from the desalination done in 2019. The government run Saline…

The advanced chatbot ChatGPT has been blocked in Italy. According to the Italian data protection authority, the model had privacy concerns. US start-up OpenAI created it, and it is backed by Microsoft also.

Thus, the regulator also said it would ban and investigate OpenAI "immediately." As told by OpenAI, it was compiled with privacy laws. ChatGPT was launched in November 2022. Microsoft also added Bing to it in February 2023.

According to the reports, Microsoft will also embed a version of the technology in the office apps, including Word, PowerPoint, Excel, and Outlook. It also says there are high risks of artificial intelligence (AI) risks, including spreading misinformation and bias along with a particular threat to jobs.

As per the…

World Intellectual Property Organization has recently published the Global Innovation Index (GII) ranking of countries based on their innovations and outputs. The focus, along with orders, is usually on the highest-ranked countries. The countries like the United States, Switzerland, and Sweden have made significant strides in the GII rankings in recent years.

In 2022, Botswana made the most significant leap in ranking by investing heavily in technology and innovation, with a considerable focus on developing the education system and flourishing entrepreneurship. The efforts can be seen well as it ranked in the latest GII rankings compared to 2021. The GII ranking made Botswana one of the top performers in sub-Saharan Africa.

Another…

Electric cars have already set up their place in the market. The vehicles of such kind have growing demand with the environmentally friendly petrol-less scooters and cars to run on the road.

According to the reports, the openness and adoption for the electric cars vary significantly between the states in the United States. Some states also appeared to embrace EVs in bulk. The reason behind taking the electric vehicles in large numbers- considering the EV as the future of transportation, also other states are home to most of them being sceptical about the practicality and the feasibility of the electric vehicles.

As per the information gathered, the survey reports lay down that California is one of those states which is at the forefront of…

The revenue and earnings of AT&T’s slipped into the first quarter from almost a year earlier. But the real news was a slowdown when it comes to subscriber growth for the post-paid phones, it caused the stocks to slump directly in premarket trading.

AT&T has reported earnings of 60 per share after stripping out certain one-off expenses. It is slightly higher than the 58 cents predicted so far. According to the reports, the revenue of $30.1 billion was slightly lower as per the expectations of $30.2 billion.

As the data says, in 2022, AT&T also reported earnings of 77 cents a share on the revenue of $38.1 billion. AT&T stock also dropped 4.6 percent in the premarket trading in April 2023. The reports reveal, AT&T has a net gain of 424,000…

April 3rd, the momentous phone call back in 1973 by Motorola engineer Martin Cooper marks the 50th anniversary of the mobile phone. His first phone call to this rival at Bell Labs, Joe Engel, was the first ever call on an actual mobile phone. This call was made on a prototype that later developed into Motorola DynaTAC, as recalled by Cooper.

According to the reports, Cooper's call on the very first mobile phone was a pivotal moment in the history of mobile communication. It also marked the beginning of new era. As the GSMA reports further added, mobile phones have earned a universal badge, with over 5.4 billion people worldwide having at least one subscription.

The reports found that there are currently more mobile phone subscriptions…

The megaprojects are going on all over the globe. They have been growing more prominent globally, and most are centred in the Arab Gulf Region. The estimation by construction software company 1Build says before the decade ends, the world is supposed to see the first construction megaproject exceeding $1 trillion in cost estimation.

According to the reports, several projects are on their way to exceeding $100 billion. Four of the nine ongoing megaprojects identified by 1Build, Construction Review, and Construction Magazine, costing more than $100 billion, are built in the Arab Gulf States.

The project of Neom City is a collection of some futuristic towns and cities which are supposed to be built in North-western Saudi Arabia. The reports…

Cyber warfare takes many forms. They take it from server and network attacks to illusory advertising hiding malicious software behind links and banners.

According to the ad safety report of Google, the company has blocked 1.4 billion of these ads manufactured to fly under the radar of ad review policies. Also, 5.2 billion inappropriate and bad ads were removed by Google, with 1.8 billion more in 2021. But other types of blocked ads that go against the company policies are much lower in volume.

As per the latest system, Google also listed third-party ads using specific trademarks. Even if the said usage is supposed to be legal in general, trademark owners can also file complaints and request the takedowns of the related searches. These bad…

Recently, China has bailed out some countries because of heavily in debt to China. According to the reports, these countries are mostly located in Africa, Southeast Asia and can also be found in the Central Asia and the Pacific.

As per the data, China held 37 percent of these nations’ debt in 2020. Also, 24 percent of the country’s bilateral debt hails from the rest of the world. The information regarding the “New Silk Road” project finances the construction of the rail, port and land infrastructure worldwide. It has also created much debt to China for participating countries.

The reports shows that, towards the end of 2021, 98 countries for whom the data was available- Kenya $7.4 billion external debt to China; $27.4 billion of external…

Twitter has recently launched its new paid API that is Application Programming Interface platform with basic, free and enterprise access tiers.

According to the information shared by the company on Twitter through its Twitter Dev account, that it will be launching a new Twitter API access tiers and it equally excited to share more details on the self-serve access. The reports also share that, initially the company has decided to shut down free access to its API on 9th of February 2023. But later it extended the deadline to February 13 and again postponed it.

There are three levels including a basic free level primarily expected for content posting bots, and a $100 per month basic level, and an expensive enterprise level. Thus, in addition…

India's goods and services are on track despite all the ongoing global economic uncertainties and will reach a new record in 2023. In February 2023, reports published through the commerce and industry department showed that total exports would cross $750 billion for the financial year ending on March 31, 2023, with $676 billion in 2021-2022.

Indian Services exported for the current financial year amounted to $268 billion by the end of January 2023, as per the data given by the Department of Commerce. It surpassed 2022 with a total of $254 billion, with two months more. Again, good exports, which were affected by slowing global demand in recent months, trailed the entire year for 2021-22 by 12 percent by the end of January, as per the…