TREND REPORTS
The Future of Big Tech in 10 Charts
[Investing]
2024/01/26 09:08
Big tech has grown revenue at a breakneck pace for years. But their size — plus intensifying competition and the generative AI boom — is pressuring tech giants to find new growth avenues.Big tech companies — Alphabet (Google), Amazon, Apple, Meta, Microsoft, and Nvidia — are on track to earn more than $1.65T in aggregate revenue this year. The group has already notched over $200B in profits...
Could We Charge Electric Cars in Just 15 Minutes ? Revterra
[Tech]
2024/01/26 09:07
A new system could cut the time, cost, and complexity of installing ultra-fast EV charging stations.With an expected 700 million electric vehicles (EVs) on the road by 2050, there’s a need for charging points that are as quick as refuelling. Current fast charging stations, Direct Current Fast Charging (DCFCs), can be labour-intensive, costly, and time-consuming to install and run: particularly...
Chinese Outbound Travel to Gain Momentum in 2024
[Business]
2024/01/26 09:06
Analysts predict a huge uptick in international Chinese tourism this year, and the likes of Cathay Pacific and British Airways are responding.Chinese outbound travel finally restarted in 2023. This re-opening was keenly anticipated by global destinations, given the significance of China as an outbound market. Chinese outbound travel will stride further towards recovery in 2024. Capacity constra...
HIO – A Set of AR Glasses Concept for Golfing
[Design]
2024/01/26 09:05
HIO is a set of AR glasses concept designed to play golf. These glasses provide scalability and versatility that allow everyone to enjoy golf in different environments beyond the field.Golf is a sport known as most elitist and exclusive game in the industry. It is less accessible to lots of people than other sports due to various reasons such as cost, difficult rules, and space constraints. It...
Making Waves with Floating Offshore Solar Panels
[Tech]
2024/01/26 09:04
Designed to withstand strong waves and wind, the panels connect to power large-scale energy needs.According to the International Energy Agency’s Renewables 2023 report, last year saw a ‘step change’ in renewable capacity additions, driven in large part by solar power, particularly in China. And, in the year ahead, it is expected that the world will pass an important milestone with the combin...
Shoppers Want AI to Help with Product Research and Customer Service
[Consumer]
2024/01/26 09:03
To improve the shopping journey, 86% of adults worldwide want AI to help with product research or information, according to October 2023 IBM data. Some 82% want AI to help get service, answers, or solutions.Nearly three-quarters of marketers believe AI can help them better understand customer needs, bringing them closer to their desired customer experience (CX), per Sitecore.Using AI tools to r...
(PDF) Bain - Report Long Live Luxury : Converge to Expand Through Turbulence
[Business]
2024/01/25 09:10
The annual Bain-Altagamma Luxury Goods Worldwide Market Study projects a new record as spending on experiences recovers to historic highs, fueled by a resurgence in social interactions and travel.Despite challenging macroeconomic conditions, we estimate the overall luxury market reached €1.5 trillion globally in 2023, a robust 8% to 10% growth over 2022 at current exchange rates (11% to 13% at...
Apple Might Have Sold Up to 180,000 Vision Pro Headsets Over Pre-Order Weekend
[Product]
2024/01/25 09:09
Figures suggest that this is still 'a very niche product,' according to analyst Ming-Chi Kuo.Apple's $3,499 Vision Pro isn't for everyone, and indeed, the latest pre-order estimates reflect a slow start for this VR spatial computing device. According to analyst Min-Chi Kuo's calculations based on pre-order inventory and shipping time, he reckons the company sold somewhere between 160,000 to 180...
(Infographic) The Most Popular AI Tools
[Business]
2024/01/25 09:08
Artificial intelligence had its breakout year in 2023, with large language models (LLMs) and text-to-image generators capturing the attention and imagination of technologists and investors alike.Similar to other recent breakthrough technologies like the internet and the smartphone, the early stage of AI’s tech adoption cycle has already seen the creation of highly-used software products.This v...
AI Voice Startup ElevenLabs Lands $80M Round, Launches Marketplace of Cloned Voices
[Investing]
2024/01/25 09:07
Within just two years of its inception, ElevenLabs, the AI voice startup founded by former Google and Palantir employees, has hit the unicorn status. The company today announced it has raised $80 million in a series B round of funding, growing its valuation ten-fold to $1.1 billion.The investment has been co-led by existing investors Andreessen Horowitz (a16z), former GitHub CEO Nat Friedman an...
An Israeli Foodtech Startup Creates World’s First 3D-Printed, Plant-Based Shrimp
[Tech]
2024/01/25 09:06
An Israeli foodtech startup that produces meat alternatives has successfully 3D-printed the world’s first plant-based shrimp alternative. Steakholder Foods, which is headquartered in Rehovot, creates plant-based 3D-printed meat that closely mimics the taste, texture and appearance of traditional meat.The plant-based shrimp were produced using the company’s proprietary DropJet bioprinter, whic...
The Magnificent 7
[Investing]
2024/01/25 09:04
America’s flagship stock market index, the S&P 500, closed at another record high yesterday, as a stream of solid earnings reports — including Netflix (see more below) — drove the index to a fresh high.Gone are the stock acronyms of FANG, MANTAMAN, or FAATMAN, and in is a new moniker for companies driving the market: The Magnificent 7 — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta,...
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