Every minute, nearly US$3 million is lost to cybercrime. And by 2025, cybercrime is set to cost the world over US$10 trillion. That cybercrime demands our immediate attention is evident. Cybercrimes are becoming easier and more prominent than ever before. A 2019 Global Data Risk Report revealed that, on average, only 5% of companies have properly protected their folders.
The popularity of Bitcoin has given way to concerns surrounding its ecological impact. As of writing this article, Bitcoin is trading at US$45,106. The global impact of Bitcoin has been so tremendous that El Salvador adopted it as legal tender and Ukraine legalized Bitcoin exchanges.
Deep technology is the latest addition to the startup universe and to the world of innovative problem-solving. The term “Deep Tech” was coined by Swati Chaturvedi, the founder of the digital investment platform PropelX. It refers to startup companies based on substantive scientific or technological innovation.
China’s second-largest property developer, Evergrande, is undergoing a severe liquidity crisis. The company’s shares are down 85% since January 2021, and they are US$300 billion in debt. In a bourse filing on September 14, 2021, Evergrande warned people of a possible liquidity crisis.
Over the last couple of years, tech giant Google has been getting caught up in antitrust lawsuits across the world. From 2017 to 2019, the tech company has been fined US$9.4 billion in Europe alone. In 2021, Google has been hit with a US$177 million fine in South Korea and is undergoing an investigation by the Competition Commission of India (CCI).
Veganism is an ideology that discourages the consumption of any animal products in diet or daily life. This ideology is gaining massive popularity as startups explore the market for vegan products and services. The boom in easily available vegan products is making veganism a more achievable lifestyle than before. Thousands of people across the world have adopted such a lifestyle for various reasons in recent years.
Among the hundreds of carmakers worldwide, few are as self-assured as Elon Musk, the CEO of the world’s top electric car manufacturing company. That’s why Musk’s comment on car production being “hard” turned heads.
In August 2021, Uber began showing ads in its core app in an attempt to find new avenues for revenue generation. The company aims to earn US$300 million in revenue from ads by 2022. The first company to be featured in Uber’s core app advertisements is Marriott Hotels. The ads pop up on user screens after they book a ride with the app.
In August 2021, the cryptocurrency market hit the US$2 trillion mark. The NFT market has been doing equally well, with sales volume surging to US$2.5 billion in the first quarter of 2021. The common thread between these figures is the use of blockchain technology and smart contracts.
Your WhatsApp chats are anything but private, as per a new report by ProPublica. Facebook pays over 1,000 contract workers across Austin, Texas, Dublin and Singapore hourly to sift through millions of private messages, images and videos. The workers can only access the messages that users report.
In a day and age when the average person spends more time scrolling through social media than reading a newspaper, influencers, also known as internet celebrities, have become household names. The fact that their massive followings trust their opinions on various topics, from beauty products to online courses, is constantly transforming the dynamic landscape of marketing and entrepreneurship.
Imagine this: you’ve won the lottery and you are going to space, accompanied by a billionaire, in Elon Musk’s aircraft. It sounds like a dream. However, it became a reality for air force veteran Chris Sembroski who won this trip to space in a lottery. Inspiration4”—was launched from Florida and represents the first all-civilian crew heading to space. The journey aims to raise funds for St. Jude Children’s Research Hospital.
In 2021, internet penetration across the Asian continent has rapidly increased. The Asia-Pacific region (APAC) has the largest number of internet users worldwide. The surge of internet penetration has fueled the growth of Over-the-Top (OTT) platforms in the region. OTT content refers to paid or unpaid media services offered to users directly over the internet.
Silicon Valley entrepreneur Elizabeth Holmes’s journey shows that not all Ivy League-dropout stories are those of success. At 19, Holmes dropped out of Stanford to start Theranos, a health-tech company that set out to revolutionize healthcare by detecting diseases with a single drop of blood. The idea was innovative and promising, so much so that Vice President Joe Biden called it “the future of laboratory science”. Seeing its potential, investors poured over US$400 million into the business.
According to a report by Financial Times (FT), China is planning to break up Ant Group’s online payment platform Alipay. The group has been instructed to create a separate application for its loan payment business. Ant Group’s shares have fallen by more than 4% since the news of the break-up first broke.
A study conducted by the National Center for Biotechnology Information in the US claims that the attention span of an average human dropped from 12 seconds in 2000 to 8 seconds in 2013, owing to the excessive use of digital media. As a result, customers often forget most of the brand advertisements they come across on the internet. This is when programmatic advertising comes into the picture.
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