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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Microsoft plans to extend its free tech support to Ukraine throughout 2023, in order, to support the country amid continuing crises.
Fast-Track Insights: Qualcomm Inc. to continue to provide modem chips for the massive range of iPhones for the year 2023, even though, during the company's turnabout, Qualcomm was expected to lose business.
After Elon Musk's charge of Twitter, the social media platform has suffered continuous controversial changes, including the $8 verification fee. Now, as previously claimed by Musk, Twitter will start laying off employees from today to place the social media platform on a profitable journey. Twitter will inform employees through email, whether they have been laid off, temporarily closing their offices, or preventing staff access. According to reports, almost 50% will be laid off.
Reportedly, Qualcomm. Inc will continue to provide the modem chips for the massive range of iPhones in 2023. Previously, it was expected that the company might lose its business to Apple's homegrown components. Qualcomm has planned to only provide 20% of the 5G modem parts for the new iPhones in 2023, but now it expects to retain its current foothold and continue its partnership with Apple.
Microsoft plans to provide additional technology aid of nearly US$100 million, bringing its total support to Ukraine to approximately US$400 million during its continuous crises. The company's support will ensure that the government agencies, critical infrastructure and serve the citizens through Microsoft Cloud. Over the past several months, Ukraine has been under constant attack by Russia and several tech companies are advancing their support towards the country.
Binance CEO agrees that Indian crypto taxes will definitely cripple the industry. He claims that India's high tax will kill the industry. India's government has introduced a hefty 30% tax rate for cryptocurrency trading and investment. Instead of introducing comprehensive regulations, India decided to impose heavy taxes on capital gains and transactions, mainly to curtail the use of cryptos.
Social media giant, Twitter, plans to halt all operations related to crypto wallets as a part of the ongoing changes that kickstarted last year. After the news broke down, Dogecoin plummeted 10%. Previously, DOGE surged over 150% within a week when Elon's deal closed. This shows that Dogecoin's volatility is still a huge issue and will perform according to the activities and pronouncements of Elon Musk.
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