Morning Tidings

Tag: quarter

  • Google Delays Official Release of OpenAI Rival ‘Gemini AI’ to First Quarter of Next Year: Reports

    Google Delays Official Release of OpenAI Rival ‘Gemini AI’ to First Quarter of Next Year: Reports

    New Delhi, November 17: Google has reportedly postponed the release of its most anticipated Gemini AI, a rival to the popular OpenAI. The release was supposed to happen by end of 2023. So far, there is not much information about the Google’s new model and what it can do. However, it is expected to be a powerful model that would compete with the latest AI chatbots and offer groundbreaking features. According to reports, Alphabet-owned Google had a small team working on the early Gemini version, but now it has been delayed to release in the first quarter of 2024.

    As per the reports, Google created multiple versions of Gemini AI to check various task-based complexity, but the external developers examined smaller versions of the platform running the calculations. The reports said that Google has still to complete the most significant part of Gemini AI. Qualcomm Snapdragon 7 Gen 3 Chip Announced With ‘On-Device AI’ Capability; Check First Smartphone Brands To Adopt Latest Qualcomm Snapdragon Processor.

    Google Gemini AI vs Bard: Improvement and Progress: 

    The competition for OpenAI is rising after Elon Musk recently announced the Grok AI chatbot. Google tried to provide an alternative to OpenAI’s ChatGPT by introducing Bard. But, the reports said there are no significant improvements in the Chatbot. On the other hand, the OpenAI CEO noted that the platform reportedly has 100 million users that continue to use ChatGPT. The ChatGPT 3.5, 4, and now expected ChatGPT 5 will continue to provide the best update to the AI conversation chatbots.

    According to Vectara’s Hallucination Leaderboard, the ChatGPT 4 scored 97% accuracy, followed by ChatGPT 4 and ChatGPT 3.5 Turbo. On the other hand, it ranked the Google Palm 2 and Google Palm 2 Chat at the lowest, with 87.9% and 72.8% accuracy. According to the reports, Google must catch up with the ChatGPT by Microsoft-run OpenAI. The 

    What Is Gemini AI and What Are Promises To Offer?

    Gemini AI from Google is an LLM that will compete with OpenAI’s ChatGPT. According to a Search Engine Journal report, CEO Sundar Pichai stated that the new Gemini AI will combine DeepMind’s AlphaGo system and language modelling capabilities. According to reports, Google plans to introduce the Gemini AI through its Google Cloud Vertex AI services. Amazon Black Friday Sale 2023: Amazon Offers Smartphones and Tablets at Lowest Prices, Check Out Exciting Offers and Deals.

    In the new Gemini AI form, Google will offer AI conversation services to the users and help them get the information they need. G The other announcement includes Galaxy AI, which will be included next year as a part of the new OS. Other popular AI include Zapier AI Chatbot, Microsoft Bing AI, HuggingAI, YouChat, Perplexity, and many others. Google may need to compete with these AI models, mainly ChatGPT from OpenAI and Grok AI from Elon Musk-run xAI.

    (The above story first appeared on Morning Tidings on Nov 17, 2023 07:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Chip Inventory of Samsung, SK Hynix Remains High in Third Quarter Amid Slugging Demand

    Chip Inventory of Samsung, SK Hynix Remains High in Third Quarter Amid Slugging Demand

    Seoul, November 15: Semiconductor inventories of Samsung Electronics and SK hynix remained at high levels in the third quarter of this year as the prolonged global economic downturn contracted demand, according to financial reports. Inventory assets at Samsung reached 55.2 trillion won ($42.3 billion) at the end of September, up 5.9 per cent from 52.1 trillion won tallied at the end of 2022, the company said in its quarterly report posted on the Financial Supervisory Service’s electronic disclosure board on Tuesday. In particular, the tech giant’s chip business saw its inventory jump 16.1 percent to 33.7 trillion won from 29 trillion won over the cited period.

    Samsung’s inventories in the semiconductor sector more than doubled from 16.4 trillion won at the end of 2021, reports Yonhap news agency. SK hynix, the No. 2 memory chipmaker, said in its own quarterly report that the company’s stockpile had been valued at 14.9 trillion won as of September, down 4.6 percent from 15.6 trillion won nine months earlier. But SK hynix’s inventory nearly trebled from 5.5 trillion won at the end of 2021. The combined inventory level of the two chipmakers rose 8.8 percent to 48.6 trillion won over the nine-month period. Samsung Electronics Layoffs: Company Sacks 3% Employees at Its US Chip Subsidiary

    The share of chip inventories in the total assets of Samsung increased to 12.2 percent in the third quarter from 11.6 percent at the end of last year. But that of SK hynix edged down to 14.6 percent from 15.1 percent over the cited period. Meanwhile, Samsung’s quarterly report showed the company has sold off some 1.3 trillion won worth of shares in the Dutch chip equipment maker ASML Holdings N.V. to secure cash flows amid the chip slowdown. Samsung’s stake in Veldhoven-based ASML fell to 1.58 million, or 0.4 percent, at the end of September from 2.75 million, or 0.7 percent, the company held in end-June. Samsung Hires Semiconductor Expert Kim Woo-Pyeong From Apple: Report

    The South Korean tech titan has been cooperating with ASML, one of Samsung’s biggest chipmaking partners and the sole maker of extreme ultraviolet lithography systems, since 2000 to boost its competitiveness in semiconductor manufacturing. In 2012, the South Korean tech giant invested approximately 400 billion won in ASML’s research and development of next-gen lithography technologies over the next five years. Samsung also bought a 3 percent stake in ASML for about 700 billion won at that time and sold off half of the stake four years later for 600 billion won.

    (The above story first appeared on Morning Tidings on Nov 15, 2023 04:24 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • India’s Wearable Market Grows by 29.2% in Third Quarter, Smart Ring Category Shows Promise

    India’s Wearable Market Grows by 29.2% in Third Quarter, Smart Ring Category Shows Promise

    New Delhi, November 15: India’s wearable market shipped a record 48.1 million units in the third quarter this year, a 29.2 per cent year-over-year (YoY) growth, a new report showed on Wednesday. Apart from the new smartwatch and earwear models, smart rings became prominent in the third quarter, according to the data from International Data Corporation (IDC).

    The smart ring category is generating a lot of interest from consumers, particularly due to the interesting form factor and several launches in the past few months. “Smart rings add novelty to the wearable device space, with brands trying to position it as a fashion accessory and a non-intrusive health device. While currently there are very few models, we can expect more mainstream brands launching more affordable options next year,“ said Upasana Joshi, Research Manager, Client Devices, IDC India. Tech Layoffs Dampen Festivities; Google, Amazon, Snap and Others Announce Fresh Job Cuts.

    Ultrahuman led the smart ring category with an impressive 75.5 per cent market share, followed by Pi Ring at 10.9 per cent, and boAt (Imagine Marketing) with an 8.2 per cent market share in the third quarter. Overall, the domestic wearable market shipped 105.9 million units in the first three quarters of 2023, which is more than 100.1 million units shipped in 2022.

    The overall average selling price (ASPs) declined by 20.4 per cent from $27.2 to $21.7. “Brands have upped the game with high-end specifications at entry-level pricing. This combined with high-decibel marketing campaigns and promotions will drive Q4 shipments, resulting in strong double digit annual growth in 2023,” said Vikas Sharma, senior market analyst, Wearable Devices, IDC India.

    boAt (Imagine Marketing) continued to dominate the overall wearable market with 29.7 per cent share, growing by 19.4 per cent. In TWS too, it maintained leadership with 37.9 per cent share, 33.3 per cent growth YoY. It stood third in the smartwatch category with 14.2 per cent market share.

    Noise (Nexxbase) stood second in overall wearables with 10.8 per cent share and flat 0.6 per cent YoY shipment growth. It dropped to second in the smartwatch category with 20.7 per cent market share and maintained its fourth position in the TWS segment at 7.7 per cent share, growing by 20.4 per cent YoY, the report mentioned. Apple Reveals Finalists for ‘App Store Awards 2023’, Highlights Apps Chosen by Company’s Editorial Team.

    Smartwatches remained the fastest growing category with 16.9 million units, growing by 41 per cent YoY as incumbent vendors shipped aggressively to stock for the upcoming festive season. Within wearables, the share of earwear dropped to 64.4 per cent from 67.3 per cent a year ago, but shipments still grew 23.6 per cent to 30.9 million units, according to the report.

    (The above story first appeared on Morning Tidings on Nov 15, 2023 03:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • SoftBank Reports Unexpected USD 6.2 Billion Loss in Second Quarter After WeWork Bankruptcy

    SoftBank Reports Unexpected USD 6.2 Billion Loss in Second Quarter After WeWork Bankruptcy

    Tokyo, November 9: SoftBank Group posted an unexpected 931 billion yen ($6.2 billion) net loss in the second quarter, compounding the pain for shareholders and founder Masayoshi Son after one of the group’s biggest bets, WeWork, filed for bankruptcy earlier this week, a media report said.

    It was the fourth consecutive quarter in the red for the Japanese conglomerate, as gains from the initial public offering of chip designer Arm failed to offset pain from the weak yen and worse than expected writedowns in private market valuations in the three-month period ending September, Financial Times reported. WeWork Goes Bankrupt: Workspace Provider Company Files For Bankruptcy in US.

    Analysts had expected a net profit of 180.8 billion yen, according to S&P Capital IQ. The group had made 3 trillion yen in net profit in the same quarter last year after selling a stake in Chinese e-commerce group Alibaba, the report said.

    “It was a disappointing quarter. We didn’t expect them to take impairment charges for private investments and at a higher rate than the last quarter,” said Kirk Boodry, a SoftBank analyst at Astris Advisory in Tokyo, highlighting $2.9 billion of writedowns in the private portfolio at the group’s flagship Vision Funds, Financial Times reported.

    “There was an expectation when they took some pretty steep writedowns in the fourth quarter that they had sort of kitchen-sinked everything,” Boordy added.

    SoftBank said on Thursday that after some accounting adjustments, its tech-heavy Vision Funds made an overall investment gain of $300 million in the second quarter — with Vision Fund 1 making a gain of $2.5 billion on the back of selling its stake in Arm to SoftBank, but Vision Fund 2 fell to a $2.1 billion loss. Its LatAm Funds also made a $100 million loss, Financial Times reported. WeWork Stock Halted As Rumours Swirl About Bankruptcy Preparations for the Office Sharing Company.

    The Vision Funds’ public portfolio lost value in the second quarter for the first time in 12 months, according to Boodry, driven by a reversal in fortunes for logistics companies such as warehouse robotics group AutoStore, as well as consumer fintech Better, after it listed through a merger with a special purpose acquisition company in August.

    (The above story first appeared on Morning Tidings on Nov 09, 2023 06:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Disney+ Hotstar Loses 2.8 Million Subscribers in India in Quarter Ending September 30, Now Has 37.8 Million Subscribers From 40.4 Million in Q2

    Disney+ Hotstar Loses 2.8 Million Subscribers in India in Quarter Ending September 30, Now Has 37.8 Million Subscribers From 40.4 Million in Q2

    New Delhi, November 9: Bob Iger, CEO of Disney, has said that they would like to stay in the Indian market, as Disney+ Hotstar lost 2.8 million subscribers in the quarter ending September 30. Disney+ Hotstar had 37.6 million subscribers in Q3, down from 40.4 million subscribers in Q2 in India this year.

    In interacting with analysts after the quarterly results late on Wednesday, Iger said that In India, “our linear business actually does quite well”. “Yes, it’s making money. But we know that other parts of that business are challenged for us and for others. And we are looking, I’ll call it expensively,” he told analysts. Galaxy AI: Samsung To Introduce Its Comprehensive Mobile AI Experience Early Next Year, Teases ‘AI Live Translate Call’ Feature That Will Allow Real-Time Call Translation.

    “I know I’ve said this before, it always gets me in trouble. But we’re considering our options there. We have an opportunity to strengthen our hand. It is now maybe the most populous country in the world or maybe just still second to China and about to pass them,” Iger told analysts. He said that the company would like to stay in the Indian market.

    “But we’re also looking to see whether we can strengthen our hand and obviously, improve the bottom line. In terms of advertising, we are actually finding that linear is a little bit stronger than we had expected it would be. It’s not back as much as we would like,” he added. “It’s still a challenge, but it’s not as bad as it had been. So, we’ve seen some slight improvement. Actually, the tech sector is still somewhat weak. But in general, overall, advertising has improved,” the CEO noted. India Now Has 25 Crore Users of Short-Form Video Platforms: Report.

    With streaming of the 2023 ICC Men’s Cricket World Cup, Disney+ Hotstar is set to have more subscribers in the ongoing festive quarter in India. Globally, revenues for the quarter and year grew 5 per cent and 7 per cent for The Walt Disney Company. Disney+ added nearly 7 million core subscribers in the quarter.

    (The above story first appeared on Morning Tidings on Nov 09, 2023 11:14 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Apple Expected To Launch 11.1, 13-Inch OLED iPad Pro Models in First Quarter of 2024

    Apple Expected To Launch 11.1, 13-Inch OLED iPad Pro Models in First Quarter of 2024

    San Francisco, December 30 : Tech giant Apple is reportedly working on 11.1-inch and 13-inch OLED iPad Pro models that will be launched in the first quarter of 2024. Display analyst Ross Young confirmed the information to MacRumors. With larger 11.1-inch and 13-inch screen sizes planned for the OLED iPad Pro models, devices might come with slimmed-down bezels. Apple iPhone Fold – Foldable iPhone Reportedly on the Anvil; Find All Details Here.

    Apple currently sells two iPad Pro models, 12.9-inch mini-LED iPad Pro and an 11-inch iPad Pro with a traditional LCD display, as mini-LED has continued to be reserved for the higher-end iPad Pro model. In July, Young had mentioned that the tech giant will launch new OLED iPad Pro models in 2024, the report said.

    Meanwhile, in October, it was reported that the iPhone maker had signed up with Taiwan Surface Mounting Technology (SMT), which could lead to the tech giant using hybrid OLED displays in the iPad Pro by 2024. Apple May Re-Evaluate Pro and Non-Pro Models for iPhone 15 Lineup.

    The addition of Taiwan SMT could be significant for the iPhone maker as it could allow the company to improve its mini LED-based hardware until it can adopt hybrid OLED.

    (The above story first appeared on Morning Tidings on Dec 30, 2022 10:22 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Christmas Crypto Purchases! Big Eyes Coin, Thorchain, and Hedera: Here Are Digital Coins That Could Improve Your Net Worth Before Quarter 1 of 2023

    Christmas Crypto Purchases! Big Eyes Coin, Thorchain, and Hedera: Here Are Digital Coins That Could Improve Your Net Worth Before Quarter 1 of 2023

    New Delhi, December 26: A pumping coin in your crypto holdings is the best new year gift you can give yourself. Hence, you must find cryptocurrencies with a high tendency to experience a price surge between now and the coming year’s third quarter.

    Consider both the long and short-term prospects of these cryptocurrencies when making your Christmas crypto purchase. This will help you make smart decisions. Big Eyes Coin (BIG), ThorChain (RUNE), and Hedera (HBAR) are altcoins that could experience price pumps months from now, and reviewing them could be a worthy endeavour. Crypto Investors Alert! RBI Governor Shaktikanta Das Says Private Cryptos Will Trigger Next Financial Crisis if Allowed To Grow.

    ThorChain – A Leading Decentralized Exchange

    Thorchain is a DeFi protocol with over a hundred million dollars in Total Locked Value. The platform functions as a decentralized exchange (DEX), where users can exchange their crypto assets seamlessly across different networks. It is cost-effective, swift, and secure. It is one of the few liquidity protocols that ensures liquidity providers are at low risk of impermanent loss.

    The decentralized liquidity protocol makes liquidity provision seamless and highly rewarding. ThorChain’s native token, RUNE, oversees utility and governance on the platform. The token holders have governance rights and can make decisions concerning ThorChain. RUNE is used to pay for transactions, and it contributes towards the platform’s security.

    The crypto asset benefitted from the last bull rally, reaching a new high from its initial low in less than a year. However, ThorChain (RUNE) has been unable to maintain that momentum in the current year. The crypto asset has suffered a price dump, but analysts believe the declined price is a good point of purchase for a potential high-margin profit in 2023.

    Hedera – A Haven For dApp Developers

    Hedera is a decentralized enterprise-grade platform with dApp building and smart contract utilities. The highly scalable protocol also boasts NFTs and storage utility while providing consensus services. It is a public blockchain adored by most dApp developers due to its high efficiency, swiftness, and cost-effectiveness.

    Users need the Hedera token (HBAR) to complete every activity or transaction on the blockchain. It is under USD 1 with a USD 1+ billion market capitalization at the time of writing. The cryptocurrency’s low price could be a good purchase point in hopes of rallying beyond USD 1 in months.

    Big Eyes Coin – More Than Just Another Meme Token

    Big Eyes Coin is one of the cryptocurrencies analysts have tipped to help most crypto enthusiasts recover their losses in the current trading year. The new meme coin has a high-profit potential, and it won’t be surprising if it experiences an unprecedented price surge like Shiba Inu (SHIB) did the previous year. Big Eyes Coin (BIG) has meme hype and strong utility, which can help it achieve this. The new cryptocurrency is fast gaining prominence and may become a top crypto asset within a few years.

    Big Eyes’ main utility will be in DeFi, with additional applications in the NFTs market. The meme coin will facilitate DeFi’s wealth increase through increased adoption and accessibility. It will have its unique set of valuable non-fungible tokens (NFTs). Holders of each NFT have exclusive access to limited NFTs events and content. The NFTs are a store of value and they are billed to be among the top 10 market projects in a short while. Polkadot, Big Eyes Coin, and THORChain: Three High-Growth Cryptocurrencies Worth Buying Into 2022.

    The project developers ensure every feature in the ecosystem is aimed at wealth creation for users or improving the project’s prominence. Big Eyes Coin will also give back to society through charity intervention. The ecosystem runs a no buy or sell tax policy, making it more attractive to users irrespective of their financial status. Big Eyes token will facilitate transactions and trading payments. It will undergo a constant auto-burn function to create scarcity, thereby maintaining its value.

    Big Eyes Coin is a safe and secure project that has gone through necessary security checks and audits, making it a safe project for crypto investors to adopt. The cat-theme token is still on presale, and joining the presale now could be a profit-yielding decision. If you want 5 per cent bonus tokens with your Big Eyes Coin purchase, use the ‘Ocean651’ code at the checkout!

    For more information on Big Eyes Coin (BIG), please visit the following links:

    Presale: https://buy.bigeyes.space/

    Website: https://bigeyes.space/

    Telegram: https://t.me/BIGEYESOFFICIAL

    This story has been provided by ATK. ANI will not be responsible in any way for the content in this article. (ANI/ATK)

    (This is an unedited and auto-generated story from Syndicated News feed, Morning Tidings Staff may not have modified or edited the content body)

  • Zomato Shares Climb Nearly 14% As Firm Narrows Loss in September 2022 Quarter

    Zomato Shares Climb Nearly 14% As Firm Narrows Loss in September 2022 Quarter

    New Delhi, November 11: Shares of Zomato rallied nearly 14 per cent on Friday after the company announced that it has narrowed its consolidated net loss to Rs 250.8 crore in the second quarter.

    The stock rose 13.84 per cent to close at Rs 72.80 apiece on BSE. On the NSE, it zoomed 13.60 per cent to end at Rs 72.65 apiece. In volume terms, 3.19 crore shares were traded on the BSE and over 39 crore units were on the NSE during the day. Zomato Q2 Net Loss Narrows to Rs 250.8 Cr.

    Online food delivery platform Zomato on Thursday said its consolidated net loss narrowed to Rs 250.8 crore in the second quarter ended September 30.

    The company’s consolidated net loss stood at Rs 434.9 crore in the year-ago period.

    Revenue from operations increased to Rs 1,661.3 crore during the July-September quarter against Rs 1,024.2 crore in the corresponding period of the previous financial year. The company said this is the first quarter where it has crossed the billion-dollar annualised revenue mark. Indian Markets Recover, Sensex Rallies 1,000 Points in Early Trade.

    However, its total expenses also rose to Rs 2,091.3 crore during the quarter under review from Rs 1,601.5 crore a year ago. The 30-share BSE Sensex benchmark ended 1,181.34 points or 1.95 per cent higher at 61,795.04 on Friday.

  • Zomato Shares Jump Nearly 20% After June Quarter Earnings

    New Delhi, August 2: Shares of online food delivery platform Zomato on Tuesday jumped nearly 20 per cent after the company said its loss in June quarter almost halved. The stock climbed 19.96 per cent to settle at Rs 55.60 — its upper circuit limit — on the BSE. At the NSE, it zoomed 19.97 per cent to Rs 55.55.

    The company’s market valuation also climbed Rs 7,283.52 crore to Rs 43,777.52 crore on the BSE. In traded volume terms, 803.27 lakh shares were traded at the BSE and over 52.88 crore shares at the NSE during the day. Zomato Share Price Jumps Nearly 11% After June Quarter Earnings.

    Zomato on Monday said its consolidated net loss in the first quarter of current financial year almost halved to Rs 186 crore due to higher income. The company had reported a net loss of Rs 360.7 crore in the year-ago period.

    During the quarter under review, total income rose to Rs 1,582 crore from Rs 916.6 crore in the corresponding period last year.

  • Cryptocurrency Losses Up 52% To Reach $670 Million in April-June Quarter Globally

    New Delhi, July 7: The global cryptocurrency market lost at least $670 million in the April-June quarter (Q2), and 97 per cent of the losses were due to hacks and scams, a report said on Thursday.

    The crypto losses in the second quarter were up 52 per cent from $440 million in the same period last year.

    “The majority of these funds was lost by four specific projects, Beanstalk known as a decentralized stablecoin protocol, the Harmony Horizon Bridge, Mirror Protocol, and Fei Protocol,” according to data from Immunefi, Web3’s leading bug bounty platform. Cryptocurrency Broker ‘Voyager Digital’ Files for Bankruptcy After Top Crypto Hedge Fund 3AC Fails To Make Payment for $650 Million Loan.

    “In Q2 2022, most of the losses — 96.92 per cent — happened as a result of hacks. It is also notable that blackhat hackers are now primarily targeting and exploiting DeFi (decentralised finance), 49 out of 50 instances involved DeFi protocols,” the report noted.

    The teams at Immunefi protect over $100 billion in users’ funds.

    “We have reviewed all instances where blackhat hackers have exploited various crypto protocols, as well as cases of alleged fraudulent protocols and founders who have performed a rug pull in Q2 2022,” said the company.

    They located 50 such instances, including both successful and semi-successful hacking attempts, as well as fraud events, in Q2.

    The most common type of crypto fraud are investment scams and since 2021, the US Federal Trade Commission (FTC) has received complaints of losses totaling $575 million due to this kind of fraud.

    People lost crypto worth over $185 million in the US via romance scams in the first quarter this year, as fraudsters use new means to rob their victims, with romance scams featuring prominently.

    Nearly 46,000 Americans reported losing over $1 billion in crypto to scams since early 2021, according to a recent FTC report.

    (The above story first appeared on Morning Tidings on Jul 07, 2022 04:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).