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Reddit IPO

Reddit, the widely used social media platform, is targeting a valuation of up to $6.4 billion as it prepares to offer its shares to the public next week. The company plans to list on the New York Stock Exchange, but it has not yet made a profit. According to a U.S. filing, Reddit seeks to…

March 11, 20240Comments

Byrwandatechnews

Global News

iOS-to-Android data transfer

Apple has announced plans to facilitate a smoother transition for users switching from iOS to Android in response to the EU's Digital Markets Act (DMA), which took effect today. The move, part of a broader compliance strategy with the new legislation, includes support for third-party app stores rev, used terms for EU developers and enhanced…

March 7, 20240Comments

Byrwandatechnews

Global News

Bitcoin record high

The leading cryptocurrency recently achieved a record-breaking milestone by reaching an unprecedented value of over $69,000. This surpasses its peak in November 2021 before experiencing a decline to $16,500 in 2022. The resurgence in Bitcoin's price is attributed to significant investment from U.S. financial powerhouses. Carol Alexander, a finance professor at Sussex University, believes Bitcoin's price…

March 5, 20240Comments

Byrwandatechnews

Global News

Apple EU Fine Music Streaming

The European Union has imposed a €1.8 billion fine on Apple for violating competition laws in the music streaming sector. According to the European Commission, the tech giant was found to have restricted streaming services from directing users to payment options outside its App Store. Margrethe Vestager, the Competition Commissioner, highlighted Apple's decade-long abuse of…

March 4, 20240Comments

Byrwandatechnews

Global News

AI-Generated Misinformation

Meta, the conglomerate behind Facebook and Instagram, has formed a specialised team to combat deceptive artificial intelligence (AI) content during the upcoming EU elections in June. This move reflects growing concerns about the potential misuse of generative AI technologies, which can create convincing fake videos, images, and audio to mislead voters. The announcement coincides with…

February 27, 20240Comments

Byrwandatechnews

Global News

Nvidia AI Chips Boom

The renowned chipmaker Nvidia has recently achieved a historic milestone by reaching a market valuation of $2 trillion (£ 1.58 trillion), marking its rapid rise among the world's top-valued corporations. The Silicon Valley-based company witnessed a more than 4% increase in its shares during Friday morning trading. However, the numbers slightly dipped later on. This…

February 25, 20240Comments

Byrwandatechnews

Global News

X Severance Settlement Africa

According to the legal agency representing them, x, previously known as Twitter, has settled outstanding payments with its former employees at the African headquarters over a year after their termination. These employees, primarily new hires at the Accra, Ghana office, were abruptly let go in November 2022, shortly after Elon Musk's acquisition of the company…

February 20, 20240Comments

Byrwandatechnews

Global News

Meta Legal Challenge

A judge has recently approved a significant legal case against Facebook's parent company, Meta, with claims potentially reaching up to £3 billion. The lawsuit is spearheaded by Dr Liza Lovdahl Gormsen, who represents around 45 million Facebook users. Although her initial lawsuit was dismissed in 2023, a revised claim has now been accepted, with the trial…

February 15, 20240Comments

Byrwandatechnews

Global News

Microsoft Activision Blizzard Merger

Microsoft Refutes FTC's Claims on Job Cuts Post Activision Blizzard Acquisition Microsoft has countered the allegations made by US regulators accusing the tech giant of reneging on promises by implementing job reductions following its monumental acquisition of Activision Blizzard. In January, three months after finalizing the $69 billion deal, Microsoft Gaming disclosed the termination of…

February 8, 20240Comments

Byrwandatechnews

Global News

ChatGPT Data Privacy Violations

Italy's Data Protection Authority (DPA) has raised concerns about data privacy violations by ChatGPT, an AI-powered chatbot. According to the DPA, the violations are primarily related to collecting personal data and inadequate protections for underage users. ChatGPT, developed by OpenAI, processes vast amounts of internet data. OpenAI has been given a 30-day period to present…

January 30, 20240Comments

Byrwandatechnews

Global News

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