What’s New Today: Samsung to Unveil First Tri-Fold Smartphone by 2025
Fast-Track Insights: Garanti BBVA Kripto Collaborates with Ripple and IBM to Enhance Security of Crypto Trading Platform
Here’s a quick rundown of the biggest tech headlines making waves today. From the first tri-fold launch to Microsoft recruitment, let’s dive into the top tech stories of the day.
Samsung is working on a tri-fold flagship smartphone that is set to be launched by 2025. The South Korean tech giant aims to strengthen its position in the foldable smartphone market amid rising competition.
Brands like Huawei, Xiaomi, and Honor, particularly following Huawei's introduction of the first tri-fold smartphone, the Mate XT Ultimate Edition, in China.
A report from ZDNet Korea suggests that Samsung Electronics intends to launch both a budget-friendly clamshell-style folding phone and a tri-fold model that can fold the screen twice.
Both smartphones are expected to be launched by 2025.
However, the orders for foldable OLED panels have declined by over 10 percent.
This is due to declining demand for Samsung’s Galaxy Z Fold6 and Galaxy Z Flip6 following their launch earlier this year.
Avaana Capital has announced the final close of its US$135 million Avaana Climate and Sustainability Fund. It is a venture capital firm focused on climate solutions.
The fund is aimed at supporting early-stage startups that develop innovative solutions to address climate change, with an emphasis on industries that play a major role in India's carbon footprint.
The goal of the fund is to speed up India's shift towards a net-zero economy by investing in startups focused on three critical areas: energy and resource management, mobility and supply chains, and sustainable agriculture and food systems.
Intel plans to lay off 1,300 employees in Oregon as part of its cost-cutting measures.
The layoffs will take place across four locations and are scheduled to start on November 15, extending for two weeks.
Affected employees will not have the opportunity to transfer roles internally
Factors like Economic uncertainty, rising interest rates, AI's evolution, and over-hiring during the pandemic are factors contributing to these job cuts.
This decision is part of a wider pattern of downsizing in the technology sector for 2024, impacting large corporations such as Microsoft, Google, Apple, and Meta.
Microsoft has laid off more than 3,000 positions across various departments, including gaming, Azure cloud, and HoloLens.
Alphabet, the parent of Google, has reduced its workforce by 630 employees, concentrating on its hardware divisions and advertising sales.
Microsoft is hiring for the position of Senior Software Engineer for their Hyderabad office.
The candidate will get the chance to collaborate with a variety of Azure technologies to create a highly scalable cloud service.
The ideal candidate will be responsible for designing, developing, and testing the necessary components for a strong, distributed, and resilient platform for Azure Usage Billing.
This will involve working on service management, infrastructure setup and deployment, programmability, and the fundamentals of services such as monitoring, and Lifesit.
The integration of artificial intelligence (AI) has transformed various industries, including astrology. Horoscope apps have evolved from simple daily predictions to sophisticated platforms offering personalised readings powered by AI. These apps analyse astronomical data and provide customised insights based on user details.
Garanti BBVA Kripto collaborates with Ripple and IBM to enhance the performance and security of its cryptocurrency asset trading platform.
“We will continue to scale by increasing our asset diversity and developing our service infrastructure,” Korcan Abali, CEO and member of the board at Garanti BBVA Kripto, said in the release.
Adding to it Korcan Abali said, “Our collaboration with Ripple and IBM gives us the confidence of institutional-grade custody infrastructure, which offers safety, robust governance, and compliant processes.”
Garanti BBVA Digital Assets offers a range of services for various digital assets and reports that the need for transferring and safeguarding cryptocurrency is increasing every day.