Dominated by Open AI and Meta, GenAI races past $66bn
The generative AI market exceeded the $66-billion mark, with Open AI and Meta AI flagging their dominance with 56% market share. This is according to Stocklytics financial analyst Edith Reads, who comments: "The start of Chat GPT in 2022 was the first plunge into...
Digital transformation shows no signs of slowing down
The global digital transformation market size is anticipated to reach $4,617-trillion by 2030 and it is projected to grow at a CAGR of 27,6% from 2024 to 2030, according to new report by Grand View Research. Digital transformation assists companies in improving their...
PC shipments continue strong growth in 2021
Global shipments of traditional PCs, including desktops, notebooks, and workstations, grew 55,2% year over year during the first quarter of 2021 (1Q21). This is according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal...
Semiconductor sales stable in 2020
Worldwide semiconductor revenue totaled $466,2-billion in 2020, an increase of 10,4% from 2019, according to final results by Gartner. "Memory, GPUs and 5G chipsets led semiconductor growth, driven by hyperscale, PC, ultramobile and 5G handset end-market demand, while...
HR at higher risk from cyberattacks
The computers of human resources professionals (HRs) are especially at risk of cyberattacks. The reason is that they are easily accessible and their contact details are often present on the business website. Because they have to be accessible for future and current...
Samsung opens doors for SA students
For the third consecutive year, Samsung has awarded bursaries to the Gauteng Department of Education which, this year, will see 30 students benefit to the tune of R2,7-million. Since inception, a total of R21-million has been donated by Samsung though this programme...
PayPal payment volume set to triple
PayPal is expecting to maintain an upward trajectory in 2021 and beyond following an epic 2020. Based on its projections, the total payment volume for 2021 is set to increase by a high 20% range. Earnings per share (EPS) during the year are expected to rise at a 22%...
YouTube, Facebook dominate US social media
Despite a string of controversies and the public's relatively negative sentiments about aspects of social media, roughly seven-in-ten Americans (72%) say they ever use any kind of social media site, according to a new Pew Research Center survey. This share has...
LinkedIn breach exposes user data
In another high-profile data breach this week, security company Acronis reports that over 500-million LinkedIn users’ personal info is being sold on the dark web. This follows the personal data of over 500-million Facebook users being posted online in a low-level...
Global IT spend set for 2021 recovery, growing to $4trn
Worldwide IT spending is projected to total $4,1-trillion in 2021, an increase of 8,4% from 2020, according to the latest forecast by Gartner. The source of funds for new digital business initiatives will more frequently come from business departments outside IT and...
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