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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Nokia to Lay Off 14,000 Workers as Profits Plummet
Fast-Track Insights: Bitcoin Claims Over 49% of Crypto Market, a Two-Year High
Most people believe that starting a business entails investing a lot of money, developing a cutting-edge concept, and working hard. However, there is no chance that your company will succeed or outlast the competition from thousands of others. Sal Aiello and Monica Powers, a team, debunked the myth by using generative AI to create a worthwhile product for only $185 (about Rs 15,000 in today's money). With ChatGPT's assistance, they created the DimeADozen AI research tool. The tool is made to test business concepts explicitly. The pair profited when they sold their firm for a mind-blowing Rs 1.2 crore.
After reporting lower-than-expected third-quarter profitability, Nokia announced plans to reduce its employment by up to 14,000 workers. CEO Pekka Lundmark said in a statement that "in the third quarter, we saw an increased impact on our business from the macroeconomic challenges." According to the corporation, by 2026, Nokia's savings program should cut the number of people at the company to as little as 72,000, saving up to 1.2 billion euros ($1.14 billion).
In an era where data is considered the new oil, the battle to protect it has become more critical than ever. Cyberattacks are growing in frequency and sophistication, posing a constant threat to individuals, organizations, and even nations. To counter these evolving threats, the world of cybersecurity is turning to a powerful ally: Artificial Intelligence (AI). In this article, we'll explore the vital role that AI plays in defending against cyber threats and why it's a game-changer in the fight for digital security. Read More
The market share of Bitcoin (BTC) has hit 49%, marking its highest level in more than two years. Bitcoin presently dominates at 49.58%, almost three times that of Ethereum (ETH), the second-largest cryptocurrency by market cap, which is at roughly 16.7%, according to statistics from CoinGecko. This constant rise in market share represents a considerable gain in Bitcoin's market share, which was only approximately 38% at the beginning of the year. Since the beginning of 2023, Bitcoin's price has increased by 81%, and this year-long surge is mostly to blame for the growth in its supremacy. This outstanding success has strengthened Bitcoin's position as the market leader. The increase may have been caused by several things.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
