US tax laws punish new wave of profitable startups
U.S. lawmakers are currently addressing complications stemming from a 2017 amendment to the nation’s tax laws. Under the previous system, a company generating $1.5 million in revenue with $1 million in R&D costs would be taxed on a $500,000 profit. However, the revised law now permits only a fifth of R&D expenses to be deducted […]
Apple Vision Pro fails to sell out on first day of release
In an unexpected turn, Apple’s Vision Pro did not achieve a sell-out on its first day of release, despite having a relatively limited supply estimated at 60,000 to 80,000 units. The device, with prices ranging from $3,500 to $3,899 based on storage options, experienced a quick backorder for its 256GB model. However, the higher capacity […]
Zuckerberg’s AI ambitions sparks concerns
Mark Zuckerberg, CEO of Meta, has stirred up a controversy with his commitment to developing an Artificial General Intelligence (AGI) system. He also suggest that this system, potentially on par with human intelligence might be made open source. This has raised alarm bells among experts and academics alike. Zuckerberg talks about this next-generation technology as […]
Broadcom’s VMWare changes make tech leaders look for possible escape route
Broadcom’s significant overhaul of VMware is generating buzz within the tech industry, especially among Chief Information Officers (CIOs), who are closely observing the potential implications. This transformation, aimed at fortifying VMware’s security and analytics capabilities, signifies a strategic alignment with Broadcom’s networking and storage expertise, ultimately strengthening Broadcom’s position in the fiercely competitive hybrid cloud […]
