Tech & Business Insights: Dell's Surge, Musk's Colossus, and the Shifting Landscape of Innovation

Hello!

Welcome to another edition of “Tech & Business Insides.” This time, we’re diving into the latest headlines that have shaken the tech and business world, from major rises to unexpected falls.

From Apple's new product lineup to Elon Musk's ambitious new ventures, we are living in exciting times where technology continues to shape our future.

DELL SERVER SALES SURGE BY 80%

Dell has surpassed expectations with an impressive 80% increase in server sales. The company's revenue grew by 9%, and profits soared by 85%, reaching $841 million. This surge is driven by the ongoing boom in artificial intelligence, which is fueling demand for high-performance computing solutions . Dell is clearly demonstrating its ability to maintain a leadership position in the industry.

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MONGODB SHOWS GROWTH

MongoDB also has positive news, with shares rising on the back of a 13% increase in quarterly revenue. However, the company is still operating at a loss, with a net loss of just over $54 million. Interestingly, despite this quarterly growth, MongoDB's shares have fallen 40% over the year, highlighting how volatile the market can be even for companies showing some level of growth.

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Here at Gart Solutions, we have hands-on experience working with MongoDB and understand the challenges and opportunities it presents. Check out our case study on the Seamless Transition from MongoDB to a Relational Database Management System in the eCommerce Industry to see how we’ve successfully helped clients navigate the complexities of database management and optimization.

MUSK LAUNCHES COLOSSUS

Elon Musk has done it again! He launched Colossus, the world's largest Nvidia GPU cluster, built in a record three months. By the end of the year, he plans to double its power, which currently stands at 100,000 H100s. This is another step in Musk's journey toward dominance in the computing and AI world.

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BRAZIL BLOCKS X

Brazil's Supreme Court has banned the social network X, imposing hefty fines of $9,000 for its use. Apple and Google must remove the app from their stores in the country. The ban will only be lifted once Musk agrees to Brazil’s demands, which include paying fines and appointing an official representative. It seems Musk will have to find a compromise to get his platform back on the Brazilian market.

INTEL VS. AMD: THE WAR IS OVER?

The long-standing competition between Intel and AMD might finally be coming to an end, in favor of AMD. Intel’s shares have dropped by 60%, and the company has announced layoffs of 20,000 employees along with a merger with Qualcomm. Intel’s shares are now worth the same as they were 27 years ago. This is a crucial reminder of how dynamic the tech market can be.

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GOOGLE BANS RUSSIA

Google has introduced a new restriction—it's now impossible to create a new account using a Russian phone number. This is likely due to US sanctions prohibiting software and IT services for Russia. This is another example of how political and economic sanctions are impacting global IT services.

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JAMES EARL JONES HAS PASSED AWAY

Today, we received sad news: James Earl Jones, the iconic voice of Darth Vader and King Mufasa, has passed away. He was 93 years old and left a legacy of unforgettable performances and emotions. His contribution to cinema and culture is immeasurable. Rest in peace, James, and thank you for everything!

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APPLE EVENT 2024

The Apple Event 2024 showcased several new products, including the thinnest Apple Watch X, updated AirPods 4, and iPhone 16. Key highlights from the event include:

• Apple Watch X: A thinner design with a 30% larger screen, fast charging, though battery life remains limited. It now features music playback directly from the speaker.
• AirPods 4: Available in two versions (with and without active noise cancellation), wireless charging support, and new features like hearing aid functionality.
• iPhone 16: Equipped with the new A18 chip, a tactile camera button for quick access, and improved camera capabilities. The Pro model comes with extra features such as Cinematic Mode with slow-motion.

Overall, the event didn't deliver major surprises, but the new colors, functional buttons, and innovations in the AirPods line stood out as notable improvements.

HUAWEI VS. APPLE

While everyone is buzzing about Apple's latest announcements, Huawei took the stage with a foldable phone that folds three times. Although they’re not the first to achieve this, the price of $2,800—equivalent to three iPhones—raises questions about its value.

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This edition highlights just how quickly the tech landscape is evolving.

Stay tuned and keep expanding your horizons!

Best regards,

Fedir CEO, Gart Solutions