Tech News | May 12 |2023

Apple, the technology conglomerate of international repute, is poised to unveil its debut online store in Vietnam as part of its concerted endeavors to magnify its footprint in Southeast Asia. Given that the region has a populace of over 650 million individuals, it is regarded as a critical burgeoning market for Apple. This maneuver is emblematic of the corporation’s ongoing quest to tap into fresh markets and amplify its global penetration.

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Meanwhile, Tesla has proclaimed an upswing in prices for all its vehicles in the United States, excluding the Model 3. The rationale behind this pronouncement lies in the mounting inflation rates and the supply chain disruptions that continue to assail the automotive sector. The augmentation in prices is intended to facilitate the company in mitigating the surge in production expenses.

In recent news, Japanese tycoon Masayoshi Son, who is the founder of the investment company SoftBank, is now liable for a debt of $5.2 billion in off-the-record dealings. This state of affairs has arisen following the losses incurred by the firm, which have necessitated that Son undertake additional debts. This predicament accentuates the potential dangers that are inherent in high-risk investments in the tumultuous universe of finance.

Binance US, the American branch of the cryptocurrency exchange, Binance, is purportedly exploring various measures to diminish founder Changpeng Zhao’s controlling stake in the enterprise to conform to the regulations of the United States. This course of action is a reflection of the increasing scrutiny of cryptocurrency exchanges by regulatory agencies across the globe.

Lastly, Twitter has announced that its verified users will have premature access to encrypted messaging as part of the platform’s unceasing drive to enhance security. This maneuver follows a spate of recent security enhancements by the social media behemoth. Furthermore, Google has unveiled an AI-empowered utility for Gmail that can aid users in composing emails by using cues. The corporation has also publicized the launch of its first foldable phone, the Pixel Fold, which will be up for grabs from July.