Disney CEO Bob Chapek has been one of the most vocal entertainment industry chiefs about the possibilities of Metaverse as a part of the canvas for creatives, which first emerged as a concept in the imagination of science fiction writers. Although everybody seems to be talking about Metaverse, no one can agree on what the…
A $1 trillion crypto crash wipes out the price of Avalanche, Bitcoin, BNB, Cardano, Ethereum, and Solana. Two main cryptocurrencies Stablecoins from the crypto project Terra have gone into free fall prompting the incident of a Ponzi scheme akin to the collapse of Lehman Brothers which precipitated in 2008 financial crisis. UST created by…
Award-winning financial historian delves into character-driven story of venture capital and the world it made. “Innovations rarely came from experts” Jeff Bezos, Elon Musk was not in the auto industry. When it comes to innovation, the future cannot be predicted, it can only be discovered. Most attempts at discovery fail, but a few succeed at…
Investment banker and professor Jonathan Knee argues the truth, about the secrets to the success of the biggest tech companies: Facebook, Amazon, Apple, Netflix, and Google, and illustrates the nuances and complexities posed by their emergence, and explains a disparate portfolio of structural advantages buttressed by shrewd acquisitions, strong management, tax regulation and often encouraging…
In the world of geeks, for decades two competing tribes of artificial intelligence experts have been furiously dueling with each other in research labs and conference halls around the world, with mathematical models and computer codes. The connectionist tribe believes that computers can learn behaviour in the same way as humans do, by processing …
Facebook has restored news for Wizards of Oz. Facebook has announced it will restore news content to its users in Australia, after it blocked news to Australians on its platform since last Thursday, amid a dispute over a proposed law that would force it and Google to pay news publishers for content. Australian treasurer Josh…
Australian Prime Minister Scott Morrison has said his government will not be intimidated by Facebook blocking news feeds to Australian users and described the move to “ Unfriend Australia” as arrogant and disappointing. Facebook is responding to a proposed law that would make tech giants pay for news content on their platforms Australians on…
Google’s parent company Alphabet saw record revenues for the second straight quarter despite the pandemic. Google’s advertising business including YouTube, accounted for 81 per cent of Alphabet’s $56.9bn in fourth-quarter sales up 23 per cent compared with last year. The Cloud unit also saw strong growth as sales were $13.1 bn for the full…
Clyde Prestowitz who worked for President Ronald Regan, and renowned globalisation and Asian expert has advised subsequent US administrations offers useful advice for Joe Biden the new American 46th president to adopt, as resetting US relations with China will be one of his top agenda. The strategies that the United States and its allies can…
Twitter boss Jack Dorey has said banning US President Donald Trump was the right thing to do but expressed sadness at what he described as the “ extraordinary and untenable circumstances” surrounding Mr. Trump’s permanent suspension. Twitter has been praised and criticised for freezing Mr. Trump’s account as German leader Angela Merkel, Mexican President Andres…