This Week in Tech: Apple’s iPhone 16 Launch, Nvidia's Market Shift, and Key Industry Moves

Dive into the latest from the tech world with our weekly roundup: Apple’s groundbreaking iPhone 16 series reveals new display innovations, Nvidia faces a dramatic market valuation change, and major industry players like HP and Intel make strategic moves. Stay informed on the top tech developments shaping the industry

1. Apple Unveils iPhone 16 Pro and Pro Max with Larger Display

Apple introduced?iPhone?16?Pro and iPhone 16 Pro?Max, featuring Apple Intelligence, larger display sizes, new creative capabilities with innovative pro camera features, stunning graphics for immersive gaming, and more — all powered by the A18 Pro chip. With Apple Intelligence, powerful Apple-built generative models come to iPhone in the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. 苹果

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2. Nvidia’s Market Value Crashes by $279 Billion After Investor Shift Away from AI Hype

Nvidia's market value dropped by $279 billion, signalling that investors are growing more cautious about the emerging AI technology that has led to this year's stock market gains. The PHLX chip index plunged 7.75%, marking its largest single-day decline since 2020, reported Reuters.. NVIDIA

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3. COAI Demands Government Action on Traceability for Apps Like WhatsApp and Telegram

The Cellular Operators Association of India (COAI) has called on the government to enforce stricter user privacy and traceability regulations on popular messaging and calling apps such as Telegram, WhatsApp, and Google Meet, as well as on telecom operators offering similar services via internet networks. COAI argues that these measures are essential to combat spam and illegal activities, as most messaging traffic has shifted from SMS to data networks.

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4. Dunzo Lays Off 75% Of Employees To Bring Down Workforce To 50

According to a report by Financial Express, Dunzo has laid off 150 employees, which constitutes 75% of its total workforce. This action is part of the company’s broader cost-cutting measures aimed at improving cash flow and addressing mounting liabilities, such as outstanding vendor payments and overdue employee salaries.. Dunzo

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5. TP-Link Strengthens Southern India Presence with Opening of Chennai Branch Office

TP-Link, is thrilled to announce the grand opening of its new branch office in Chennai. This marks a significant milestone in TP-Link’s expansion strategy, underscoring its commitment to deliver world-class networking solutions to the southern region of India.. TP-Link

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6. France’s Atos Cuts Revenue Forecast Yet Assured For Lower Revenue In 2026

Following a significant restructuring deal with bondholders and banks in June, Atos has been grappling with financial instability. The updated forecast estimates full-year 2024 revenue at €9.7 billion, down €9.8 billion from previous projections. Despite these difficulties, Atos is optimistic about achieving positive, though reduced, cash generation by 2026.. 源讯

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7. Intel And IBM Partner To Enhance Cost Performance Representing AI Innovation

The technology company IBM and semiconductor manufacturer firm Intel collaborate to deploy Intel Gaudi 3 AI accelerators on IBM Cloud as a service. This offering is anticipated to be accessible in early 2025, aiming to assist enterprises scaling more cost-effective AI, while focusing on security and resilience. This will also extend support to Gaudi 3 in IBM's data platform and watsonx AI. Being the foremost Cloud service provider to adopt Gaudi 3, IBM’s offerings will be ready for use in on-premise and hybrid environments.. 英特尔 IBM

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