Apple’s aims for AI and Gaming field with its Turbocharged M3 Chips and New Macs

Computer manufacturers went on the offensive as demand remained high following years of record sales and supply chain issues. Computing manufacturers have had a terrible several fiscal quarters, with many technology providers reporting double-digit decreases of 20% or more. Despite poor sales, market participants are continuing to invest in innovation since software and game performance necessitates more efficient and performant architectures.

Breaking the Dominance of Intel

Intel has dominated the semiconductor industry for computer processor processors. Apple, on the other hand, has bucked precedent by releasing its M series chipset in 2021. The introduction of an Apple-specific CPU design based on ARM altered how consumers and companies perceived Mac efficiency, putting numerous computer providers on the defensive. At the time, it combined the CPU, GPU, and RAM into a single chip. To differentiate itself, Apple uses a full-stack vertical integration approach in which it controls everything from hardware to software. Early Apple marketing highlighted an architecture and design that allowed for performance, energy efficiency, and security. It keeps increasing the number of cores and the speed per watt.

Key Highlights of the product includes

Latest GPU: The GPU is one of the most important and required advancements. The M3 chip family includes a next-generation GPU microarchitecture with dynamic caching functionality. The standard method for a GPU to manage local memory caching is to assign a fixed amount of memory to all processes during the build process. Instead of a fixed amount of local GPU memory being determined by software, dynamic caching enables the system to share memory based on what the compiler requires to complete the work at the time frame.

Other GPU advancements include new rendering technologies like hardware-accelerated mesh shading, which increases geometry processing capability and efficiency while allowing for more visually sophisticated scenarios. Dynamic caching considerably boosts the average GPU use, significantly improving performance for the most demanding programs and games.

Mac users will be able to employ hardware-accelerated ray tracing thanks to the new GPU design. NVIDIA has long discussed hardware ray tracing. Ray tracing is a rendering technique that creates photorealistic images with realistic lighting and shadows. It aids in accurately replicating how light interacts with objects, such as the amount of light reflection, refraction, or absorption. The new MacBook Pros can render up to 2.5 times faster than the M1 line thanks to the incorporation of hardware-accelerated ray tracing and the new graphics design. Apple claims that the GPU provides the same performance as the latest 12-core PC Laptop CPU while using one-fifth the electricity.

CPU that is more efficient and productive: The new design significantly improves performance per watt. The processing speed of the CPU cores is up to 30% quicker than the M1 family, and the efficiency of the cores is up to 50% faster.  The design may provide the identical multi-threaded CPU performance as the M1 while consuming half the power, while the GPU can deliver the same level of performance while consuming roughly half the power. Apple promises that their Macs will give the same CPU performance while utilizing one-quarter the power as the latest 12-core PC Laptop chip.

A 3 nanometer framework: Apple’s newest CPUs are more powerful in a smaller package. It adopts a 3-nanometer production method to fit billions more transistors onto the same or smaller die size than 5 and 7-nanometer processes could. The M3 processor contains 5 billion more transistors than the M2 chip in a smaller footprint, allowing Apple to develop new features and functionality such as increases in GPU performance.

The neural engine outperforms the M1 family by up to 60%, and it incorporates a sophisticated media engine enabling hardware acceleration of major video codecs. It recently incorporated AVI1, which enables more power-efficient playback of video streaming from services such as YouTube, Netflix, and others. In their chip launch three years ago, Apple comprised neural engineering with CPU and GPU accelerators. Meanwhile, since the transformer models used in AI require a considerable amount of memory, the single-memory approach gives an advantage. Because of the unified memory architecture, you can use transformer models with billions of parameters on your MacBook Pro.

Apple launches MacBook and iMac at Scary Fast event

Everyone saw the reported MacBook Pro updates with 14-inch or 16-inch screens and a series of M3 CPUs. Each Apple M series processor is designed to meet a specific set of user needs for the various MacBook Pro models. The M3, for example, offers an 8-core CPU, a next-generation 10-core GPU, and performance that is up to 65% faster. The M3 Pro builds on this concept, featuring a 12-core CPU and an 18-core GPU that is up to 40% faster than the M1 Pro. At this point, for the most demanding tasks, the M3 Max has a 16-core CPU, a 40-core GPU, and 128 gigabytes of integrated memory. Artificial intelligence developers would be able to work with even larger transformer simulations with billions of parameters on an M3 Max device.

The battery life on all MacBooks is up to 22 hours. According to Apple, the new MacBook Pros are up to 11 times faster than the fastest Intel-based models. The new CPUs will improve Mac performance and efficiency while reducing fan noise in most workflows. The MacBook Pro includes a 1080P FaceTime camera, a six-speaker sound system, a magic keyboard, and a liquid retina XDR display with 1000 nits and 1600 nits peak brightness for HDR content. SDR content will now be presented at a maximum brightness of 600 nits, which is 20% brighter than before.

In terms of products, Apple announced

• The 14-inch MacBook Pro with the M3 microprocessor includes an improved thermal system that allows it to perform up to 60% faster than the 13-inch MacBook Pro with the M1. Ray tracing on processors provides highly realistic shadows and lighting in gaming. Render speed in video editing software like Premier Pro, for example, is up to 7.4 times faster than on the 13-inch MacBook Pro with Core i7, and up to 60% faster than on the 13-inch MacBook Pro with M1.
• The M3 Pro chip in the 14 and 16-inch MacBook Pros provides up to 40% quicker performance than the M1 chip in the 16-inch model. It increases the amount of unified memory available to people with demanding workflows, such as developers, creative workers, and academics.
• The MacBook Pro with M3 Max is designed for people with complicated workflows, including as AI developers, 3D artists, and video pros. It outperforms the 16-inch MacBook Pro with M1 Max by 2.5 times. Because of the GPU architecture, the laptop is excellent for modeling and iterating complicated 3D content, as well as video post-production work on high quality footage and programs such as Final Cut Pro, DaVinci Resolve and Premiere Pro.
• The 24-inch iMac was also updated for a more consumer-oriented clientele. In 2021, it will be released using the M1 chip. The iMac will forgo the M2 entirely in favor of the upcoming M3, which will provide a big performance improvement.

Pricing

The cost of the base model of the 14-inch MacBook Pro model, which began at $1,999, was one significant shift. The new M3 model now has a starting price of $1599. The 16-inch MacBook Pro M3 Pro and Max will remain priced at $2,499 USD.

What’s your Speed requirement?

Many people surely believe that the criteria are excessive. It all depends on the situation. If you’re a gamer, you’re constantly on the lookout for devices that improve the realistic feel and performance of your games. More organizations want technology that can run artificial intelligence and high-performance AI-enabled software. If you are an average consumer, you may not require the performance of the M3 series. However, one thing is certain with any purchase. The most recent programs, games, and media have an almost insatiable thirst for high-performance design, implying that a person can purchase one of these devices without fear of the hardware being outdated in a year or two.

The M3 series iMac update enables Apple to capitalize on the peak holiday season for consumer purchases. The proline is additionally revealed during an opportunity that allows corporate buyers to prepare their budgets for 2024.

Conclusion

Apple has always sought to dominate the expensive goods sector. These releases are no different. Dell and NVIDIA have both announced new hardware targeted for AI inference workloads for the same reason. Scary Fast was Apple’s tagline, and the company delivered on that promise. These goods are a substantial upgrade if you are a client with antiquated Intel-based Macs or Windows machines, or a manufacturer looking for the latest technology.

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Potential return of DS-style dual-screen device suggested by new Nintendo patent filing

Nintendo publicized a number of Nintendo patent filing on the World Intellectual Property Organization website on October 26,2023. Among them was a description of portable dual-screen gadget that struck the tech lovers a striking resemblance to the Original Nintendo DS.

Patent Application

The device described in this Patent application, which was first filed on November 11, 2022 is composed of two separate pieces, each of which has display. There are two ways to connect those parts:  the initial ones covers the main display and the second doesn’t, thus it should be possible to use it closed.

According to the report provided by GameRants, while linked, the device functions similarly to a Nintendo DS or 3DS, but its separated components may communicate with each other wirelessly, allowing two gamers  to play together on the same device.

Console with two screens that snap in half

The Nintendo Switch 2 is almost certain to hit the market. It was allegedly seen behind closed doors at Gamescom, with graphics apparently on par with the PS5 and Xbox Series, following mountains of leaks. According to speculations, its release next year will put an end to the rumors and conjecture around the Switch 2.

However, the design recently submitted reveals a whole distinct device, which appears to be separate from the forthcoming switch.

Consider a DS (Dual Screen) that you can snap or split in half without parents shouting at you. That is exactly what the design illustrates. It’s a wireless handheld only console that, when detached or split can be used for wireless multiplayer gaming, according to the reports by Eurogamer.

Nintendo filed the patent last year, but the design was only recently made public. If the device is released, it might add several crucial DS titles to the Nintendo Switch Online catalog. Again, Nintendo patents do not guarantee that these products will be available on shop shelves. Large corporations constantly file patents to safeguard their potential products. It’s clear that Nintendo is working on it somehow, but it’s still being determined whether it will ever become an actual item that can be purchased.

When we talk about Nintendo Switch consoles, it appears that the device tries to combine both the portability and multiplayer gaming. Nintendo designed this handheld console to be portable, easy to carry and the removable screens keep the pleasure of playing on the same device alive.

Conclusion

It’s also worth noting that the device appears to be a handheld-only device. Given the hybrid nature of the Switch, Nintendo has integrated both its portable and home console marketplaces. One of the few details fans have regarding the successor is that Nintendo intends to use Nintendo Accounts to facilitate the transition to the Switch 2. With that in mind, it appears unlikely that the Switch’s successor will differ significantly from the current generation. Not to add, Nintendo may find it tough to abandon the hybrid model’s success.

This Japanese gaming company values innovation and regularly employs unusual thinking. As a result, it is impossible to foresee what Nintendo will do next. Making a detachable 3DS-inspired device appear as feasible as anything else the business may release in the future.

 

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How To Spawn Mirage Island in Blox Fruits Update 20 A guide on Spawning Mirage Island in Blox Fruits Update 20

Blox Fruits, the popular Roblox game inspired by One Piece, has been continuously evolving since its debut in 2019. With the recent release of Update 20, which focuses on the sea, players are in for an exciting adventure. Despite recent server fluctuations, enthusiasts are eager to dive into the game and explore the new features.

Credits – Roblox

In this Roblox game, players embark on journeys from one island to another, searching for valuable weapons and fruits. Update 20 has brought significant changes and additions to both these aspects. Players can also align themselves with either the Marines or Pirates faction, living out their One Piece fantasies within the Roblox universe.

Mirage Island is a unique location in Blox Fruits, and contrary to the typical meaning of a mirage, it’s a real and valuable discovery. This island is home to great treasures and essential items like the Blue Gear. However, Mirage Island is exceptionally rare and challenging to find.

How to Locate the Mirage Island

Mirage Island is one of the four Sea Events introduced in Update 17-Part 2. The other Sea Events include Ship Raid, Sea Beast, and Rumbling Waters, all of which are more common than Mirage Island. Finding Mirage Island isn’t a sure thing, and it may require patience and some luck, as it only appears for 15 minutes before disappearing.

Here are some tips to increase your chances of finding Mirage Island:

1. Look in Wide, Open Areas of Water

Mirage Island occupies a substantial space in the sea, so it can only appear in wide open areas of water. While sailing, focus on such locations and steer clear of other islands, as they won’t leave enough room for Mirage Island to manifest. Consider searching between the Floating Turtle and the Sea of Treats or between Hydra Island and the Great Tree to optimize your chances.

2. Sail the Third Sea

Mirage Island exclusively spawns in the Third Sea. Searching for it in the First or Second Seas is futile, so ensure you’re in the right location. Although any boat will work, a larger and sturdier ship is preferable because you’ll likely encounter Sea Beasts during your journey, which can easily destroy smaller vessels.

3. Face Forwards Most of the Time

Mirage Island spawns in the direction your boat is facing. It’s best to keep your eyes on the horizon and face forward, especially if you’re on a private server. On a public server, check left and right occasionally to spot Mirage Island if another player triggers its appearance, but primarily, focus on facing forward to avoid islands and Sea Beasts.

4. Use a Private Server

Searching for Mirage Island on a public server comes with the risk of it appearing in front of another player. If you have the option, switch to a private server to minimize confusion and increase your chances. You can sail in circles, keeping your eyes on the horizon, and wait for Mirage Island to appear without interference from other players.

5. Use the “Cruise Control” Feature

Sailing in the open sea for extended periods can become tiresome. To alleviate this, activate a “cruise control” feature by selecting a direction with the WASD keys or arrows and pressing the / key to enable autopilot. When you spot Mirage Island, regain control to navigate to your desired location. Keep in mind that Mirage Island can appear near your ship, so check your surroundings periodically.

6. Stand Still

Remarkably, Mirage Island can spawn even if your boat is stationary. As long as you’re on the sea, facing open water, and on a boat, it has the potential to appear. So, take a break and let your boat rest, keeping a close eye on the screen in case Mirage Island materializes.

7. Sail at Night

If your goal is to find the Blue Gear, note that it only spawns at night. Even if you come across Mirage Island during the day, you won’t find the Blue Gear. Ensure your search for the island aligns with the game’s night cycle if you’re specifically looking for this valuable item.

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Unacademy’s Graphy cuts about 30% jobs; company denies layoffs, cites performance as reason

A startling development has surfaced in the constantly changing world of Unacademy, the Indian edtech behemoth. Graphy, a software-as-a-service (SaaS) platform from Unacademy, recently made headlines when it announced the departure of 20–30% of its staff, or about 50 committed workers. Unacademy has provided a different viewpoint, asserting that these employment losses are performance-driven rather than a direct result of revenue issues, despite the fact that the story came through Inc42. Let’s examine this interesting situation, the companies involved, and potential repercussions of this decision in more detail.

Credits: CNBCTV18

Unacademy and Graphy: Setting the Stage

Unacademy, founded in 2015, has been a torchbearer in the Indian edtech arena. With a mission to democratize education and make quality learning accessible to all, they’ve garnered massive investments and an ever-expanding user base. The platform connects educators and learners, providing a myriad of courses and educational content.

Then there’s Graphy, an interesting player in the Unacademy ensemble. It’s not your typical edtech platform; Graphy specializes in empowering creators and educators to build and monetize their online courses. It’s the go-to place for experts and educators to transform their knowledge into a revenue stream.

The Workforce Restructuring Drama

The recent layoffs at Graphy have left many scratching their heads. Approximately 20-30% of the Graphy workforce, which translates to nearly 50 employees, were handed pink slips. Inc42 reported these layoffs as a response to Graphy’s battle to meet its revenue targets. Such a move naturally sparks curiosity about the financial well-being and longevity of the platform.

Unacademy’s Curveball

Unacademy responded to these reports in a statement to CNBC-TV18, which is a rather surprising turn of events. The corporation adamantly maintains that neither a financial slump nor derailed ambitions for sales development caused these layoffs. A representative for Graphy claimed that the workforce reduction was entirely performance-based. The goal of empowering educators and artists never wavers.

Unpacking the Impact

The restructuring at Graphy carries a suitcase of potential consequences, both for the company and the edtech sector as a whole:

Company Reputation and Employee Morale: Layoffs can tarnish a company’s image, especially in industries committed to education and empowerment. Employee morale might dip, and public perception can take a hit. Managing their brand image and keeping employees motivated will be vital for Graphy and Unacademy.

Financial Health: The purported revenue struggle at Graphy does raise eyebrows. The financial health of a SaaS platform is a linchpin for long-term success. Investors and stakeholders will be hawk-eyeing the financial performance and the steps taken to address the challenges.

Market Competition: The Indian edtech battleground is a fierce one, with numerous contenders vying for the top spot. These layoffs might signal an opportunity for rivals to capitalize on any perceived chink in Graphy’s armor.

Customer Trust: Creators and educators who use Graphy to monetize their content might be jittery about the platform’s future. Trust is essential here; any uncertainty could lead to an exodus of users to competing platforms.

Strategic Shift: If, as claimed, the layoffs are performance-based, it signifies a strategic shift for Graphy. Efficiency and profitability may now take center stage, potentially reshaping the platform’s offerings and services in the future.

Investor Sentiment: Investors in Unacademy and Graphy will be closely monitoring the situation. Confidence in the company’s ability to manage its financial health and fulfill its mission will shape future investments and funding.

Conclusion

The Graphy platform at Unacademy has seen staff reductions recently, which has brought attention to the company’s financial stability, competitiveness, and dedication to its mission. The edtech sector and its users are preparing for what comes next, even though Unacademy insists that these layoffs are motivated by performance. As Graphy navigates these difficult waters, gaining investor confidence, financial stability, and trust will be essential. Adaptability and resilience are still the cornerstones of success in the ever-expanding edtech world, and everyone will be keenly following Graphy’s future endeavors.

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How To Beat Insatiable Baraka in MK1 A guide on Beating Insatiable Baraka in MK1

In Mortal Kombat 1, facing off against the formidable Insatiable Baraka in a Titan Battle is no walk in the park. These epic battles are essential to the game’s story and offer fantastic rewards. In this guide, we’ll break down what Titan Battles are and, more importantly, how to conquer the Insatiable Baraka.

Credits – JayShockblast

What are Titan Battles in Mortal Kombat 1?

Titan Battles in Mortal Kombat 1 are colossal showdowns that occur periodically as special events in the game. The first of these incredible encounters introduced the Insatiable Baraka to the MK1 world, and players need to prepare themselves for a truly challenging fight.

The Insatiable Baraka is no pushover; he boasts an enormous health pool and multiple phases of attack. As the battle progresses, he even grows in size and unleashes a fresh set of moves that can be tricky to dodge or block.

Beating the Insatiable Baraka

Defeating the Insatiable Baraka in Mortal Kombat 1 may not be very easy for all. To stand a fighting chance, it’s strongly recommended to equip a high-level talisman. On PlayStation, you can do this by pressing Triangle, and on Xbox, it’s the Y button. Among the talismans available, the Windbreaker stands out as a powerful choice, capable of dealing substantial damage to Insatiable Baraka. Fighting the Titan the old-fashioned way is possible but not recommended. Using the right talisman makes the fight much easier and quicker for players looking to “komplete” their trophy collection quickly.

The Insatiable Baraka Fight Rewards

Your first encounter with the Insatiable Baraka in Mortal Kombat 1 presents an opportunity to earn a unique skin. This skin serves as an alternate colour variation of the one from the first season of Kombat League, the game’s ranked mode. You can find this exclusive skin on the Invasions hub screen, accessible through a new portal located in the bottom right corner.

MK1 Titan Battles are extraordinary boss fights that periodically grace the game for a limited time. The rewards for defeating these titanic foes go beyond just skins and accolades. Overcoming the Insatiable Baraka will not only earn you a sense of accomplishment but also the “Mighty Have Fallen” trophy or achievement.

“The Mighty Have Fallen” Achievement in Mortal Kombat 1

The “Mighty Have Fallen” achievement is a coveted bronze trophy in Mortal Kombat 1. To earn this achievement, you need to “Komplete a Titan Battle” in the game. Titans are formidable beings that surpass even the Elder Gods in the Mortal Kombat universe.

While Kronika is the only known Titan in the franchise as of now (except for Insatiable Baraka), Scorpion’s ending narration in Mortal Kombat 11 hints at the existence of other Titans. The Insatiable Baraka is just the beginning, and we may encounter more Titans in the future.

Details About a Titan’s Power and Mortality

The power of a Titan in Mortal Kombat is beyond godly, far beyond that of the Elder Gods. However, titans are not immortal. Once a Titan meets its end in battle, they cease to exist permanently, unlike the Elder Gods, who have the ability to return by being ressurected.

Your first battle with the Insatiable Baraka promises a unique skin, which can be found on the Invasions hub screen. Defeating the Insatiable Baraka also rewards you with the “Mighty Have Fallen” achievement, bringing you one step closer to the prestigious “Kompletionist” trophy.

As Titan Battles continue to make their mark on Mortal Kombat 1, be prepared to confront powerful foes, including the Insatiable Baraka. The struggle to defeat Titans like him is a testament to your skills as a player. Remember that while Titans are immensely powerful, they are not immortal, and their defeat leads to their permanent demise in the Mortal Kombat universe. 

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Tata Group To Acquire Wistron Unit To Become First Indian iPhone Maker

Tata Group, the largest conglomerate in India, is set to become the first domestic iPhone maker in history, which would be a huge victory for “Made in India.” This incredible victory comes after Taiwan’s Wistron Corp. received approval to sell the Tata Group its massive $125 million iPhone assembly plant in Southern India. With this historic deal, Tata will be able to manufacture iPhones in India and strengthen its relationship with the world’s largest technology company, Apple.

Credits: The Times Of India

Wistron’s Strategic Shift

Wistron’s decision to part ways with its manufacturing jewel, Wistron InfoComm Manufacturing (India) Private Ltd, underscores a significant strategic realignment. In India, Wistron was one of the pivotal players responsible for iPhone production, alongside Pegatron and Foxconn. However, this move hints at Wistron’s transformation and its determination to diversify beyond the fiercely competitive and razor-thin margins of iPhone manufacturing. The winds of change are blowing through the Asian tech manufacturing sector.

The Apple Connection: Raising the Bar

Tata Group’s acquisition of Wistron’s iPhone assembly plant is not just another business transaction. It’s an affirmation of their commitment to innovation and a bold stride towards strengthening ties with Apple. Apple, the behemoth of the tech universe, has been plotting its rise in India, a market teeming with over 1.4 billion potential consumers. This development resonates with Apple’s vision for growth in India and underscores the strategic importance of local manufacturing for tech giants on a global stage.

Unpacking the Government’s Ace – PLI Scheme

The Production-Linked Incentive (PLI) programme of the Indian government is the potent motivator behind this ground-breaking acquisition. The PLI program has rewritten the norms of participation, putting India at the forefront of the world’s smartphone manufacturing industry. It entices businesses to set up production facilities for smartphones in India by providing financial incentives. This innovative plan has been crucial in luring big tech companies, like Apple, into the Indian manufacturing space.

Impacting the Indian Smartphone Galaxy

The Tata Group’s acquisition of Wistron’s iPhone assembly plant is akin to a supernova in the Indian smartphone universe, with shockwaves touching every facet of the industry:

1. Job Creation: The booming manufacturing facilities in India are set to generate employment opportunities across the skill spectrum. This, in turn, not only fuels economic growth but also strikes a chord with India’s most pressing issue – unemployment.

2. Fortifying India’s Foothold: Tata Group’s entry into the iPhone manufacturing ecosystem propels India into the forefront of global smartphone manufacturing and export. It is not just about ‘Making in India,’ but ‘Making India Proud.’

3. A Stronger Supply Chain: For Apple, this move guarantees a more robust and reliable supply chain, reducing dependence on overseas production facilities and diversifying risks. It’s a safeguard against the turbulence of global logistics.

4. Localization Boost: The acquisition promotes greater localization in smartphone production, from sourcing components to materials within India. This is a major boon for India’s manufacturing ecosystem.

5. Apple Retail Revolution: Tata Group isn’t merely stopping at manufacturing; they have announced grand plans for launching 100 Apple-authorized stores across India. This will make Apple’s products more accessible and available to the masses.

A Future Laden with Promise

Not only does Tata Group’s acquisition of Wistron’s iPhone assembly plant usher in a new age, but it also opens a new chapter. It highlights India as a major player in global manufacturing, not just for smartphones but also for other cutting-edge technological marvels that are yet to be created. The PLI program launched by the government has been a global wake-up call that has drawn major tech companies like Apple. This is a country’s hymn, a harmonious union of tech giants and Indian corporations that heralds a new era in invention and technology. It’s a trip that will strengthen India’s position as a key participant in the global technology supply chain and redefine its place in the tech industry.

As the deal awaits its final regulatory nods, it won’t be long before the world witnesses iPhones adorned with ‘Made in India’ labels. This achievement isn’t just a feather in the cap; it’s a launching pad for economic growth, technological advancement, and the realization of India’s potential. In conclusion, Tata Group’s acquisition of Wistron’s iPhone assembly plant marks a seismic shift in the Indian smartphone landscape. India is ready to take on the world, becoming a hub for electronics manufacturing.

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Messi Spotlights PlanetRefi as Experts Forecast Stellar Rise for Planet Protocol Token

Nearly 500 million followers on soccer legend Lionel Messi’s Instagram account were sent into a frenzy when the GOAT dropped a story showcasing an image of him unboxing a mysterious package that hinted at something intriguing inside.

Although what could be inside was a mystery, there was no uncertainty about the source of the box. It boldly and unmistakably declared: Join The Planet!  These three words were enough to understand that it had to do with Lionel Messi’s association with Planet ReFi and its cause of ushering in a sustainable future for the planet and all its inhabitants. 

The Instagram post was followed by a post on Planet ReFi’s X account, which said, ‘See what Messi is sharing on Instagram? We’re just getting started on a journey of a lifetime…  $PLANET #PLANET #RWA’. 

(Image Source)

To the billions of Lionel Messi fans – spread all across the world – Planet ReFi, its vision, and Lionel Messi’s standing tall for its cause is not new. Messi has made several Instagram posts about Planet ReFi and its Join the Planet movement. Yet, people are immensely curious to know what’s inside the box and what RWA means!

Planet ReFi’s Vision in Brief

With an ambitious vision to disrupt the US$300 billion green tech industry and create a sustainable, more-than-US$100 million annual revenue model, Planet ReFi wants to leverage the revolutionary power of blockchain tech to address the most pressing concern facing planet Earth: sustainability. 

And they’re not alone in this mission. Global celebrities like Lionel Messi have come on board to amplify this vision and bring as many changemakers as possible in the shortest time possible.

It is evident that Planet ReFi’s approach to implementing strategies and delivering fruitfully on sustainability causes, leans heavily on a nuanced understanding of the cutting-edge technology of blockchain and the vast potential for innovations within that realm.

Their efforts become all the more multi-layered when we think about the all-around impact they may bring – on the social front, economic front, and environmental front. 

It requires a well-thought-out structural implementation of strategies to bring these changes. 

Lionel Messi’s unboxing is one such strategy aimed at inclusivity and encouraging participation in sustainability causes. 

Real World Assets: The Driving Force for Planet Protocol

We are already aware of Planet ReFi’s revenue ambitions. But those ambitions have not stemmed out of thin air. The protocol has devised three pillars on which these ambitions stand: Real World Assets, Mystery Boxes, and Exclusive NFTs.

Real World Assets, or RWAs, enjoying all the limelight now with Lionel Messi’s latest IG post, are a variety of collectibles backed by strategically partnered celebrities. 

Revenue generated from the sale of these assets will go into funding the cause and ensuring that everyone who purchases these collectibles positively impacts the cause. 

In the future, people will see Mystery Boxes designed with inclusivity in mind and holding incredible value, often exceeding US$100,000. However, the protocol does not plan to stop there. It is also set to launch an exclusive NFT collection featuring rare artworks accompanied by concealed Real World Assets. 

With all these RWAs, Mystery Boxes, and exclusive NFTs up for grabs, enthusiasm around Planet ReFi is soaring like anything. And there is another thing on the rise: the appreciation for the $Planet token, the Planet protocol’s native token and gateway to access all its benefits. 

$Planet on the Rise

With a current market cap of more than US$50 million, Planet tokens have seen an enviable surge over the past year. With more than 145% annual growth and a growth of 18% over the past week, the planet token looks deeply bullish in its movement. 

All the benefits that Planet protocol promises to deliver and all the opportunities it aims to equip changemakers with are available through $Planet. It is available for trade across multiple exchanges, including Bybit, Bitget, BitMart, Gate.io, and SuperEx. 

Investors and industry experts have started seeing $Planet as a win-win for both. On one hand, investors are going to make profits with significant price appreciation potential on the horizon. On the other, there is this great chance to become a sustainability activist with definite roads carved out for making a significant impact. 

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Honda Abandons Partnership with GM, Citing Challenges in Producing Cheap Electric Cars

Disappointing news for fans of affordable electric vehicles: The anticipated collaboration between Honda and General Motors to develop a line of budget-friendly EVs has been called off. This collaborative venture, initially announced in April 2022, had the goal of creating a fresh platform for use in cost-effective electric vehicles destined for North America, South America, and China, with these vehicles expected to hit the market in 2027. However, on Thursday, both companies disclosed that this initiative has been abandoned.

“After extensive studies and analysis, we have come to a mutual decision to discontinue the program. Each company remains committed to affordability in the EV market,” stated Honda and GM in a joint press release. Toshihiro Mibe, CEO of Honda, in an interview, claimed, “After studying this for a year, we decided that this would be difficult as a business, so at the moment, we are ending development of an affordable EV. Further, he added, “GM and Honda will search for a solution separately. This project itself has been canceled.”

Challenges and Delays in Ultium Battery Production

The platform, which has now been canceled, was initially slated to utilize GM’s Ultium batteries. GM unveiled the Ultium battery technology in 2020 as their third-generation lithium-ion cell, a collaborative effort with LG Chem. GM CEO Mary Barra had stated that Ultium cells would likely break the critical $100 per kilowatt-hour (kWh) cost barrier “early in the platform’s life.” In 2022, the first wave of Ultium-based electric vehicles (EVs) entered production, including the GMC Hummer EV, Cadillac Lyriq, and BrightDrop Zevo 600.

The Ultium cells were believed to be ready for mass production, but GM and LG Chem have encountered significant challenges in making this a reality. In July, GM had to temporarily halt production at the BrightDrop facility in Canada due to a shortage of Ultium battery cells. Sales data from Kelly Blue Book for the first three quarters of 2023 indicate that only 6,920 Ultium-based EVs, which encompass models such as the Chevrolet Blazer, Silverado EV, Hummer, Lyriq, and BrightDrop van, were delivered to customers during this period.

Credits: IT Voice

In stark contrast, Chevrolet managed to sell 49,494 Bolt EVs, which rely on older and more expensive battery technology, in the same nine-month period. GM had previously announced the cessation of Bolt production at its Orion Township, Michigan plant in order to retool the facility for electric truck manufacturing, scheduled to commence in 2024. However, recent developments have revealed a delay in the start of electric truck production, now projected for late 2025. It’s important to note that this delay is not indicative of a reprieve for the Bolt.

GM attributes the bottleneck in Ultium production to an unspecified issue with their “automation equipment supplier.”

Collaborative Initiatives with GM: Innovative Pursuits of Honda

Honda and GM continue their collaborative efforts on various projects, demonstrating a commitment to innovation and future mobility solutions. One noteworthy endeavor is the development of two electric crossovers: the Honda Prologue and Acura ZDX, which share a platform with the Cadillac Lyriq and Chevrolet Blazer. These projects are progressing as planned and will offer consumers integration with popular mobile platforms like Apple CarPlay and Android Auto. It’s worth noting that GM has chosen to discontinue these features in their vehicles from the 2024 model year, a decision met with mixed reactions.

Furthermore, GM and Honda are part of a consortium that includes BMW, Hyundai, Kia, Mercedes-Benz, and Stellantis, aiming to establish a robust fast-charging network in North America. This coalition has ambitious goals to deploy a total of 30,000 fast chargers in the United States and Canada, with the rollout set to commence in 2024. The initiative underscores the joint commitment to advancing electric vehicle infrastructure and accessibility.

Honda announced a new collaboration with GM, set to commence in 2026. The plan is to launch a robotaxi service in Japan, utilizing the Cruise Origin, an autonomous electric vehicle developed by Cruise, a company with GM’s backing. However, this announcement coincides with news that California has temporarily suspended Cruise’s permission to operate autonomous vehicles following a tragic incident in San Francisco, where a pedestrian was involved in a collision with a Cruise AV after already being struck by another vehicle and subsequently dragged. This raises questions about the timing and implications of Honda’s new robotaxi venture.

 

 

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How To Update Steam Client A guide on Updating Steam Client

If you’re into PC gaming, you’re probably well-acquainted with Steam, the go-to video game digital distribution platform. It’s the place where gamers congregate to explore, purchase, and play their favorite games. However, staying at the top of the video game hierarchy isn’t a walk in the park, and Steam keeps evolving to meet the demands of its users. One exciting example of Steam’s evolution is the complete revamp of the Steam Library. To make the most of these changes and ensure a seamless gaming experience, it’s crucial to keep your Steam client up to date. In this guide, we’ll explain how you can check for the latest Steam updates and explore the fantastic new features the revamped Steam Library brings to the table.

Credits – Steam

Automatic Updates

Steam is designed to automatically download and install updates as soon as you launch the application. That means you’ll always have the latest version without lifting a finger. However, if you find that your Steam client isn’t updating automatically for some reason, don’t worry, you can manually update it.

Updating Steam for Windows

1. First, launch Steam and click on the Steam tab in the upper corner.
2. In the menu that appears, select the “Check For Steam Client Updates…” option.
3. Steam will then check for the availability of any new updates.
4. If there are updates available, Steam will prompt you to install them.

Switching to the Beta Version

If you want to experience new features and improvements before they roll out to everyone, you can switch to the Beta version of Steam. Here’s how to do it:

Joining the Steam Beta 

• Select Settings.
• Choose System.
• Check the “Participate in client beta” option.
• Select the “Restart Steam” button when prompted.

What’s New in the Steam Library?

The new Steam Library brings several exciting features to the table:

1. Quicker Access to Game Updates:

• With the new client, you’ll be the first to know when games in your library receive updates or host events.
• Simply click on an event to see recent updates for that game.

2. Recently Played Games:

• The revamped Steam client offers a shelf displaying games you’ve played or purchased recently.
• Click the big green button to pick up where you left off in your last game.

3. Friends’ Activity Log:

• In the new Steam tab, you can see what your friends are currently playing.
• You might even discover a new game worth trying.

4. Collections Tab:

• You can create custom shelves to highlight your favorite collections or showcase all your games.

5. Game Information:

• Everything from developer insights to community discussions is now available on a single page.
• This makes it easier to keep up with new developments in your games.

6. Improved Library Organization:

• The new Steam client simplifies the process of exploring, sorting, hiding, and featuring your games.

If these new features sound appealing to you, you might want to join the Beta phase as soon as possible. By doing so, you’ll gain early access to these exciting improvements in the Steam Library.

As a PC gamer, keeping your Steam client up to date is crucial to enjoy a secure and seamless gaming experience. By following the simple steps outlined in this guide, you can ensure that your Steam client always stays current. Additionally, the new and improved Steam Library brings a host of features that will enhance your gaming experience, making it easier to stay connected with your friends and explore the latest updates for your favorite games. So, whether you’re a seasoned gamer or just starting, don’t miss out on the exciting changes Steam has to offer.

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How To Beat Mister Negative in Spider-Man 2 A guide on Beating Mister Negative in Spider-Man 2

Miles Morales faces a pivotal showdown with the menacing Mister Negative in Marvel’s Spider-Man 2. This boss fight is a defining moment in the game, as Miles seeks revenge against Martin Li, the man responsible for the deadly Devli’s Breath and the tragic loss of his father, Jefferson Davis. In this guide, we’ll walk you through the steps to conquer Mister Negative without relying on the Symbiote Black Suit.

Credits – SectionPlays

Phase One

As you step into Kraven’s arena, you’ll confront the very person who shattered Miles’ life – Mister Negative. Before you can exact your revenge, it’s crucial to understand Mr. Negative’s attack patterns. Martin Li wields a sword and initiates a horizontal slash, which you must evade by pressing the X button. To avoid these attacks in the future, stick close to Li to prevent him from launching his wave of negative energy. Jumping is your primary defense against this attack.

In addition to horizontal swipes, Mister Negative can perform vertical slams with his sword, generating a vertical wave of negative energy. You can dodge these attacks by pressing the Circle button, making them easier to counter than the horizontal swipes. Be prepared, as Li can unleash multiple vertical strikes when he’s feeling aggressive.

Watch out for Mister Negative’s Crush attack during the first phase. This attack is impossible to dodge or parry, so look for a blue circle on Li’s body as he holds his sword to the side and dashes forward. Swinging around the arena is an effective way to evade this attack.

When you maintain some distance from Li, he may shoot two negative energy beams from his hands. Fortunately, you can easily dodge these beams. To deplete Li’s health, stay close for a Web Strike, monitor your Spider-Senses, and parry Martin Li’s attacks. Miles’ special attacks can deal significant damage if you’ve invested in his skills and abilities.

Phase Two

After battling Li for some time, a brief cutscene will play, where Martin Li claims that Spider-Man cannot win because he refuses to kill. Miles delivers a powerful retort, commencing the second phase of the fight. Li summons a large demon, which dissipates, leaving him encased in a negative energy bubble. While the bubble is active, you can’t attack Li, and your Venom Powers are disabled.

To handle this phase, dodge and jump to evade horizontal and vertical negative energy slashes, resembling swirling tornadoes. Dodging these attacks is straightforward, and the best countermeasure is to swing around Li using R2. While swinging, Spider-Man appears impervious to Li’s assaults. Once Miles’ Abilities are restored or charged, unleash an ability like Venom Punch/Chain Lightning (L1 + Square) to breach the bubble from within.

With the bubble shattered, the battle resumes, and Mister Negative employs the same moves as in phase one, with a few added flourishes. He executes a combo that includes two sword slashes, which can be parried or dodged. The third attack is an overhead slash, necessitating a parry to avoid damage. Parrying this attack enables you to unleash a furious assault and chip away at Li’s health.

The most effective method for defeating Mister Negative in Spider-Man 2 is to combine gadget usage and melee attacks, as gadgets distract and stun Li. Spider-Man’s abilities and Special Takedown (Circle + Triangle) will significantly lower his health. Consider conserving the Focus meter for healing by accessing it with the Down Button on the D-Pad to prevent death and restart from an earlier checkpoint. Insomniac Games generously provides checkpoints, allowing you to resume the battle from the phase you died in.

Phase Three

As you whittle down Mister Negative’s health, he becomes more aggressive, executing combos that include multiple negative energy slashes followed by a barrage of projectiles, culminating in an overhead parry-only attack. Skilled players who have mastered the parry system can exploit this aggressive style to repeatedly strike Mister Negative during these sequences. However, on higher difficulties, being caught in the combo can prove fatal.

When Mister Negative’s health nears 0%, he summons the negative demon to encase himself in a protective bubble once more. Zip around and dodge the tornado attacks until your Venom Abilities recharge. Then, strike the bubble with one of these Abilities to conclude the boss fight.

The post How To Beat Mister Negative in Spider-Man 2 </br> <span style='color:#6A6A6A;font-size:20px;font-style: italic;font-weight: 400;'>A guide on Beating Mister Negative in Spider-Man 2</span> appeared first on TechStory.

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Elon Musk And Vivek Ramaswamy Warn of World War 3: Global Leaders Express Concern

“The world is heading towards World War III”- that’s what Elon Musk and Vivek Ramaswamy have been saying. Elon Musk and Vivek Ramaswamy warn of the growing risk of World War 3. The topic arose in the discussion titled “Where is the Israel-Hamas war headed? Could this lead to WW3?” and it instantly went viral. Hosted by prominent venture capitalist David Sacks, with co-host Ramaswamy, Tesla and SpaceX CEO Elon Musk and U.S. presidential candidate Vivek Ramaswamy delved into the rising concerns surrounding the risk of World War III.

Musk on World War III

Elon Musk And Vivek Ramaswamy warn of World War 3 and declare that key factors like the war between Israel and Hamas in Gaza and the ongoing war between Russia and Ukraine Can make way for World War III.

Musk pointed out the significance of the alliance between Russia, China, and Iran, highlighting its substantial strength relative to Western powers. Musk emphasized the need to recognize the vast industrial capacity possessed by these countries, emphasizing that they could potentially outproduce Western alliances.

The SpaceX chief highlighted the strategic synergy between Russia, which has access to raw materials, and China, which boasts immense industrial capacity, as a concerning factor from a war perspective. Musk highlighted the potential risk of a strong alliance between China and Russia, which he believes would pose a significant threat to the United States. He expressed unease about current U.S. policies that may force Russia and Iran into an alliance with China, a situation he deemed unwise and fraught with immense risks for civilization. Furthermore, he suggested that the absence of an anti-Russian insurgency in Russian-speaking areas of Ukraine occupied by Russia could potentially lead to a ceasefire line or permanent border.

Musk further emphasized that in a global conflict of the magnitude of World War III, two superpower alliances must exist, and each should possess the capability to challenge the other. He stressed that this is currently the case, signifying a significant shift in global power dynamics.

His company, Starlink, has provided vital satellite internet services to Ukrainian civilians and the military. However, Musk has expressed hesitancy about Starlink’s involvement in military actions, emphasizing its original purpose for peaceful use.

Ramaswamy on World War III

Vivek Ramaswamy supported Musk’s concerns, emphasizing the concept of World War III as a civilizational risk. He stressed that entering into such a conflict could result in the United States as we know it ceasing to exist. Ramaswamy outlined multiple factors amplifying these risks, such as Russia’s hypersonic missile capabilities, China’s naval capacity, and economic dependence on China.

Ramaswamy underscored the vulnerability of the U.S. homeland, not only from a border perspective but also regarding missile defense, cyber defense, and super electromagnetic pulse attacks. He pointed to various factors that amplify the risks, including Russia’s hypersonic missile capabilities and nuclear strength, which he noted as being ahead of the U.S. He also highlighted China’s naval capacity, suggesting it arguably surpasses that of the United States.

Moreover, he drew attention to the economic dependence on China and other factors that, when considering the Western allies in contrast to the potential alliance between Russia, China, Iran, and North Korea, heightened the risks.

Both Elon Musk and Vivek Ramaswamy warned of World War 3 and stated that there is an urgent need to restore normal relations with Russia. Musk asserted that such a move is vital from a civilizational risk standpoint and can significantly lower the probability of World War III. He cautioned against prolonging the Ukraine and Russia conflict, emphasizing the importance of seeking peace for the betterment of Ukraine, the United States, and the world.

Also Read: Peter Brandt claims Bitcoin bottom is in, and new highs await.

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Crypto Mogul Sam Bankman-Fried to Take the Stand in High-Stakes Fraud Trial

Introduction:

In a high-stakes legal showdown, Sam Bankman-Fried, the prominent figure in the cryptocurrency world, is set to testify in his own defense at his fraud trial. This trial has captured the attention of the financial and crypto communities worldwide, as the outcome could have far-reaching implications for the digital asset industry. In this report, we delve into the background of the case, the key players, and the potential consequences of the trial.

In the lead-up to the trial, Bankman-Fried’s legal team has been working tirelessly to build a compelling defense strategy. They have brought in experts in cryptocurrency technology and trading to explain the intricacies of the market to the jury. Moreover, character witnesses from the crypto community have been called to testify to Bankman-Fried’s reputation as an entrepreneur who has, until now, been seen as a force for innovation in the cryptocurrency space.

The Accusations:

Bankman-Fried, the co-founder of the cryptocurrency exchange FTX, stands accused of financial misconduct and fraudulent activities related to his involvement in the DeFi (Decentralized Finance) space. The prosecution alleges that he engaged in market manipulation and embezzlement of investor funds, which has prompted this trial.

The DeFi Revolution:

The world of DeFi has been hailed as a revolutionary force in the financial industry. It offers decentralized, blockchain-based alternatives to traditional financial services, allowing users to trade, lend, and borrow assets without intermediaries. Bankman-Fried’s FTX played a significant role in this movement, making him a prominent and influential figure.

Key Players in the Trial:

1. Sam Bankman-Fried: The defendant and crypto mogul himself, who co-founded FTX and is considered one of the most influential figures in the DeFi space.

2. The Prosecution: Comprising legal experts and financial analysts, they are tasked with proving Bankman-Fried’s involvement in fraudulent activities.

3. The Defense Team: Comprising a team of skilled attorneys, they will attempt to counter the prosecution’s claims and defend Bankman-Fried’s actions.

4. Regulatory Authorities: Several financial regulatory bodies are closely monitoring this case, as it has the potential to influence their future regulations on DeFi and cryptocurrency markets.

The Trial’s Significance:

1. Regulatory Impact: The trial’s outcome could have a profound impact on how regulatory authorities view and govern the DeFi space. If Bankman-Fried is found guilty, it may lead to increased scrutiny and regulations in the cryptocurrency and DeFi industries.

2. Investor Confidence: The trial also has implications for investor confidence in the cryptocurrency market. A conviction could undermine trust in digital assets, potentially impacting their valuations.

3. Precedent Setting: This trial may set a precedent for future legal actions against cryptocurrency and DeFi executives, shaping how they conduct business in the future.

Bankman-Fried’s Defense:

The defendant’s legal team has argued that he was a visionary in the DeFi sector and that his actions were aimed at advancing the industry rather than defrauding investors. They point to his contributions to transparency in cryptocurrency markets and his commitment to adhering to legal requirements.

Public Opinion and Speculation:

This trial has triggered intense debate and speculation within the cryptocurrency community. Some view Bankman-Fried as a visionary entrepreneur who is being unfairly targeted, while others believe that it is crucial to hold prominent figures in the industry accountable for their actions.

Conclusion:

The testimony of Sam Bankman-Fried at his fraud trial marks a pivotal moment in the cryptocurrency and DeFi industry. As the trial unfolds, the world watches closely, waiting to see how it will impact the future of digital assets and the regulations that govern them. Regardless of the verdict, the trial serves as a reminder of the growing importance of ethical conduct and accountability in the ever-evolving world of cryptocurrencies.The trial also sheds light on the broader issue of transparency and accountability in the cryptocurrency world. The lack of regulation has been both a boon and a bane for the industry. It has allowed for rapid growth and innovation but has also created opportunities for misconduct. As the legal battle unfolds, it brings attention to the urgent need for clearer guidelines and oversight in the cryptocurrency sector.

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Major Advertisers Worldwide Halt Ad Spend on Elon Musk’s X, Reveals Fresh Data

Following Elon Musk’s acquisition of the social media platform X, a substantial shift has occurred in the advertising landscape, with a remarkable majority of the world’s largest advertisers choosing to distance themselves from the platform. Exclusive data provided to Insider by the prominent marketing consultancy firm Ebiquity sheds light on this significant development.

Ebiquity, known for its collaborations with 70 of the top 100 highest-spending advertisers, according to the reputable media research company COMvergence, unveiled a striking trend. Only two of their clients ventured into advertising on X in the past month. This stark reduction in advertising presence represents a notable departure from the scenario in September of the previous year, just before Elon Musk’s acquisition of Twitter in October. Back then, a thriving 31 brands actively promoted their products and services on the platform. However, the data shared by Ebiquity paints a consistent picture of a decline in the number of clients choosing to advertise on X since the change in ownership.

The ramifications of this exodus from X are further illuminated by a recent report from a leading authority in digital advertising intelligence. Their analysis of data up to October 2023 has brought to the forefront a disturbing revelation. Ad expenditures on X have undergone a substantial 60% decline since Elon Musk’s takeover in October 2022. This precipitous drop in ad spending has sent shockwaves through the advertising industry, casting a palpable shadow over the platform’s future.

Advertiser Apprehensions and Concerns Under Elon Musk’s Leadership

The sudden and significant shift in advertising on X following Musk’s acquisition raises profound questions about the platform’s ability to retain and attract advertising partners in the wake of such a pronounced downturn. This change may have long-lasting implications for the platform and the broader landscape of digital advertising as advertisers reassess their strategies and investments in response to these seismic shifts.

One of the key findings from the report suggests that advertisers are apprehensive about the new direction Elon Musk is steering X. Since assuming control of the platform, Musk has implemented a series of controversial changes, including a relaxation of moderation policies and the dismissal of a substantial number of employees. These actions have left advertisers uneasy, fearing that their brands may become associated with harmful or offensive content on X.

Credits: People Matters

Another significant cause for concern among advertisers is the evident decline in user engagement on the platform. Since Musk took the reins, daily active users on X have dwindled by 10%. This downturn in user engagement signifies that the platform is becoming less attractive to advertisers as fewer users actively participate and engage with the content.

Challenges Ahead for Elon Musk’s X Amid Decline in Ad Spending

The decline in advertising spending on X is posing a considerable challenge for the company, as advertising revenue traditionally constitutes the bulk of its income. Consequently, this decrease in ad spending is placing substantial financial pressure on the platform’s operations and future prospects.

It’s worth noting that Elon Musk has downplayed the concerns raised regarding the reduction in ad spending. He asserts that X is no longer dependent on advertising revenue from the United States for its survival. However, Musk’s comments have left many wondering about the alternative revenue streams that X plans to explore, given the significant role advertising revenue has played in the platform’s business model.

In light of the report, it becomes evident that Elon Musk’s X is grappling with profound challenges. The decline in both ad spending and user engagement is a matter of paramount concern for the platform. The onus now falls on Musk and his team to address these challenges and chart a course for X’s future. Only time will tell whether the platform can successfully navigate these obstacles and regain its footing in the ever-competitive world of social media.

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How Elon Musk Turned the Cybertruck into a Viral Sensation Without Paid Advertising

In a recent and attention-grabbing move, Elon Musk, the mastermind behind Tesla, drove the upcoming Cybertruck to the F1 race in Austin, Texas. This unconventional marketing stunt might appear as a mere publicity gambit, but it speaks to a more profound challenge Tesla is currently facing: how to build excitement around a product that has endured multiple delays, sparked a wide range of reactions regarding its design, and is expected to come with a hefty price tag.

 

Coincidence or a Publicity Stunt?

Musk’s unexpected appearance at the F1 race garnered substantial attention and was widely perceived on social media as a shrewd form of free advertising. Videos capturing Musk’s entrance quickly went viral, amassing over 600,000 views, with many netizens lauding it as an ingenious ad strategy. Adding a personal touch to the event, a heartwarming video featured Musk’s son, X, waving at the F1 crowd from inside the Cybertruck, emphasizing the uniqueness of this electric pickup.

Tesla’s marketing playbook has historically been a fusion of word-of-mouth and Elon Musk’s dominant presence on social media. However, Musk’s May announcement of a shift toward paid advertising marked a substantial departure from the company’s well-established anti-paid advertisement stance.

 

 

Delivery in haste?

The highly anticipated Cybertruck has been shrouded in mystery for years, with its launch date repeatedly delayed. Nonetheless, during the company’s second-quarter earnings call, Tesla CEO Elon Musk finally announced that the Cybertruck will be delivered to customers on November 30, nearly four years after its initial unveiling.

This news sent Tesla’s stock tumbling by 9%, wiping out $16 billion from Musk’s net worth in a single day. The stock drop was likely due to investor concerns as they may have interpreted the announcement as a sign that Tesla is rushing the Cybertruck to market without having fully addressed the production challenges.

Musk himself acknowledged that there will be “enormous challenges” in producing the Cybertruck at scale due to its unconventional design. The truck is expected to be equipped with stainless steel panels and a futuristic shape, which could make it more expensive to manufacture than traditional pickup trucks.

 

 

Competition and the Market

Additionally, the Cybertruck is expected to be priced quite high, with some analysts predicting a starting price of over $100,000. This could limit the truck’s appeal to consumers and further dent Tesla’s bottom line.

Curiously, Tesla and Musk have remained silent, declining to respond to inquiries from the media , leaving observers and enthusiasts to speculate.

In the fiercely competitive electric vehicle landscape, Tesla finds itself squaring off against rivals like Rivian, Lucid Motors, Ford, and Chevrolet, all vying to launch their own electric pickup trucks. To stay ahead of the pack, Tesla must succeed in igniting fervor for the Cybertruck, convincing consumers it reigns supreme in the electric pickup category.

 

Cybertruck’s launch date is just a few months away, but there are still many unanswered questions. It remains to be seen whether Tesla can overcome the production challenges and deliver the Cybertruck to customers on time and on budget. It also remains to be seen whether consumers will be willing to pay a premium for a truck with such a unique design.

 

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How To Defeat Kraven the Hunter in Spider-Man 2 A guide on Defeating Kraven the Hunter in Spider-Man 2

Kraven the Hunter, a fearsome adversary in Marvel’s Spider-Man 2, poses a significant challenge for players. In this guide, we’ll help you defeat Kraven, the menacing villain who has turned New York City into his hunting ground. We’ll provide you with tips and strategies to take down this formidable foe during the “Anything Can Be Broken” main mission.

Credits – IGN

Kraven the Hunter is a formidable opponent, and he won’t make it easy for you to defeat him. He’s quick, agile, and has an array of tricks up his sleeve, making him one of the toughest boss fights in Spider-Man 2.

Phase One

As the boss fight begins, Kraven will immediately come at you with a powerful ground-punch move that can’t be dodged. The key is to parry this attack by watching for when Kraven is in the air, and a yellow circle turns red. After successfully parrying, seize the opportunity to land some punches on him.

Kraven also uses a move called “Kraven’s Crush.” This move requires you to dodge, as countering it is not an option. Keep an eye on Kraven when he raises his fist to perform this move.

In the arena, you’ll find weapons that Kraven can use against you. You can either throw these weapons back at him using L1 + R1, dodge them, or throw them before Kraven gets a chance to use them. Kraven has also placed mines in the arena, which are signaled by pulsing red rings. Avoid these areas until they detonate to minimize damage.

Kraven may combo moves, like a slow punch followed by a swift kick. You can either dodge or parry these moves. After the third successful parry, Kraven will be momentarily stunned, allowing you to land more attacks and whittle down his health. Remember to save your Focus meter for health recovery.

One of Kraven’s tricky moves is when he throws smoke pellets, blurring your vision. Use the Circle Button to dodge when your Spider-Sense prompts you that danger is imminent. Additionally, the Web-Grabber Gadget can stun Kraven, preventing him from executing moves and giving you an opening to attack.

Phase Two

After depleting Kraven’s health, a new arena with a bell at its center awaits you. When the bell rings, both Peter Parker and the Symbiote are stunned and vulnerable. Your primary goal is to prevent the bell from ringing by using Web-Shooters to keep it stuck. Be vigilant, as Kraven will attempt to hit the bell whenever possible, especially when he throws a spear at it.

Kraven employs stealth tactics during this phase, using smoke bombs to go invisible and perch in a tree. Follow the green laser sight from his sniper rifle to locate him and use a Web Strike to close the gap quickly. Remember to watch your Spider-Sense to dodge his attacks.

Kraven has some cloaking tech during this phase, making it challenging to spot him. Use your Spider-Sense to dodge his flanking attempts or spear throws. When he rushes toward you with a two-handed axe, dodge or parry his swings. Ensure you parry his overhead slam to create an opening for your attacks.

When Kraven is in trouble, he might summon two mechanical beasts. Focus your abilities on defeating these creatures as they can pose a significant threat with their attacks and ability suppression powers. Take them out to ensure Kraven doesn’t get any assistance.

Fighting with Spider-Man in the Black Suit allows you to use the Symbiote Surge (L3 + R3), granting you access to devastating attacks without worrying about taking damage. Utilize this power to your advantage.

The post How To Defeat Kraven the Hunter in Spider-Man 2 </br> <span style='color:#6A6A6A;font-size:20px;font-style: italic;font-weight: 400;'>A guide on Defeating Kraven the Hunter in Spider-Man 2</span> appeared first on TechStory.

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Ford Layoffs Increased at Two Plants, but UAW President Hints at Strike End

In a prolonged standoff that’s been making headlines for over a month now, the United Auto Workers (UAW) are embroiled in a strike against the automotive giants, known collectively as the Big Three – Ford, General Motors (GM), and Stellantis. The ramifications of this labor conflict are reverberating throughout the industry, causing a cascade of layoffs due to supply chain disruptions.

 

Layoffs Multiply as Supply Chain Disruptions Persist

Ford, one of the Big Three, recently announced the latest round of layoffs. They have to part ways with 364 employees, spread across two states. This downsizing, affecting the Sharonville, Ohio Transmission Plant and the Rawsonville Components Plant in Ypsilanti, Michigan, is attributed to a drop in parts demand resulting from the ongoing strikes. These cuts represent just a fraction of the larger picture, with Ford’s production system feeling the pinch due to its high level of interconnectedness.

According to a statement from Ford spokesperson Dan Barbossa, “Our production system is highly interconnected, which means the UAW’s targeted strike strategy has knock-on effects for facilities that are not directly targeted for a work stoppage.”

This isn’t the first wave of layoffs. The Sharonville and Rawsonville plants had already been subject to staff reductions, bringing the total number of laid-off workers to 660 and 45, respectively. These cutbacks are directly connected to the supply chain disruptions brought about by the UAW’s strikes.

The strikes have now reached their sixth week, involving approximately 16,600 workers across three Ford factories in Michigan, Illinois, and Kentucky. Additionally, about 3,100 workers are experiencing layoffs at 10 sites connected to the labor effort. The impact of these strikes has been wide-reaching and continues to escalate.

 

Industry-Wide Ramifications

General Motors, a major player in the industry, faced its own set of issues earlier this month, with around 500 employees feeling the brunt of layoffs across four production facilities. Notably, last month, GM was forced to shut down a Kansas facility that was employing roughly 2,000 people.

The situation has escalated to such a point that Bill Ford, Executive Chair and great-grandson of the legendary Henry Ford, publicly called for an end to the contract negotiations earlier this week. The UAW strike now encompasses over 34,000 of its members, representing a vast workforce of nearly 150,000 employees across the three automotive giants. According to a study by the Center for Automotive Research, the strike has cost the US economy $4 billion so far.

Moreover, it has had a significant impact on consumers, particularly those who are looking to buy a new car. The strike has caused a shortage of new cars, which has driven up prices. As per a recent study by Edmunds, the average price of a new car in the United States is now over $47,000, which is up from around $45,000 before the strike began. This has also made it more difficult for people to get their cars repaired. Many dealerships are running low on parts, and it is taking longer to get cars fixed. In some cases, people are having to wait weeks or even months for their cars to be repaired.

 

Ongoing Negotiations and Future Uncertainties

President of the UAW, Shawn Fain, has warned of further walkouts despite recent progress in contract negotiations with the Detroit Three. Although the automakers have agreed to a 23% wage increase over the four-year contract period, Fain believes there is more to be achieved. Additionally, GM and Ford have included cost-of-living adjustments (COLA), resulting in an overall compensation increase of over 30%.

UAW President, Shawn Fain, stressed that their strike against the big car companies is unlike anything they’ve done before, and he believes these highly profitable companies can give more to the workers. But he also mentioned that the strikes might be coming to an end because some members want to vote on the current offers. Fain told union members to stay strong and not let doubts or disagreements get in the way during the negotiations. He also said the union is eager to wrap up the talks.

 

What is the UAW strike about?

The UAW strike is a labor dispute between the United Auto Workers (UAW) and the Detroit Three automakers: Ford, General Motors (GM), and Stellantis. The strike began on September 15, 2023, and is now in its seventh week, making it the longest by the union in over 50 years. 

The UAW is demanding better wages and benefits, including a 23% wage increase over four years, cost-of-living adjustments, and an end to a two-tier pay scale that was instituted after the near-collapse of the U.S. auto industry during the 2008-09 recession.

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Davidson Kempner, Blackstone to exit Aakash after Pai’s bet

The chairman of Manipal Group, Ranjan Pai, is one of the major figures creating news in the Indian edtech sector, which is going through a transformative phase. His large investment in BYJU’S subsidiary Aakash Educational Services Limited (AESL) has the power to completely change the Indian edtech market. Pai’s strong commitment to the expansion of India’s startup environment is demonstrated by this enormous $300 million investment, which is almost four times the originally reported value of $80 million.

Credits: Inc42

Pai’s Strategic Investment:

Interest in Ranjan Pai’s investment approach is growing. He intends to invest $170 million in the initial tranche, and there may be more investments down the road. This large capital infusion is anticipated to settle the debt AESL acquired from Davidson Kempner, which is a critical step for the company’s financial stability.

The BYJU’S and Aakash Saga:

The edtech sector in India has witnessed significant developments this year, particularly in the partnership between BYJU’S and Aakash. The two companies inked a financial agreement, securing a credit line of approximately $250 million. However, a dispute arose when Aakash received only a fraction of the agreed amount, approximately $96 million. Davidson Kempner, the creditor in this case, cited a contract violation. This dispute has led to ongoing discussions between the parties involved.

To resolve the matter, BYJU’S has committed to repaying the amount it received, along with an interest of approximately INR 600 crore (equivalent to $96 million). This reflects BYJU’S dedication to addressing financial obligations transparently and responsibly.

Ranjan Pai’s Expanding Vision:

Pai’s interest in AESL goes beyond mere financial investment. An examination of AESL’s shareholder distribution reveals that BYJU’S parent company, Think & Learn Private Limited, holds the dominant stake at 40%. BYJU’S CEO, Byju Raveendran, owns a 30% share, and the Chaudhry family, founders of AESL, maintain an 18% stake. The remaining 12% is in the hands of the private equity firm, Blackstone.

Ranjan Pai’s intention to acquire a more significant portion of AESL adds a layer of complexity to the ownership dynamics within the Indian edtech sector. The implications of this move may influence the governance structure and future strategies of both BYJU’S and AESL.

BYJU’S: A Year of Transformation:

BYJU’S, one of India’s leading edtech companies, has navigated through a year marked by transformation and financial repositioning. As part of this effort, BYJU’S is actively exploring the sale of two of its US-based subsidiaries, Great Learning and Epic. The proceeds from these potential sales, estimated at up to $1 billion, are expected to be utilized for debt repayment, including the substantial $1.2 billion term loan B.

Furthermore, BYJU’S has recently appointed Kroll, a risk and financial advisory solutions provider, to safeguard the assets of Great Learning on behalf of its term loan B lenders. This underscores the company’s commitment to addressing its financial obligations transparently and responsibly.

Financial Transparency and Staff Reductions:

BYJU’S has declared that it will provide audited financials for FY22 to its board, advisory council, and important investors, such as Peak XV Partners and Prosus, in an attempt to increase transparency. Gaining the confidence of investors and stakeholders is a first step towards this commitment to financial transparency.

Meanwhile, BYJU’S has started to reduce workforce, potentially affecting nearly 4,000 workers. This action is a component of BYJU’S larger plan to streamline its business processes and strengthen its financial position.

Possible Impact of Ranjan Pai’s Investment:

The $300 million that Ranjan Pai is considering investing in Aakash Educational Services Limited could be a game-changer for the Indian edtech sector. If all goes according to plan, the investment will significantly boost AESL’s financial capabilities and perhaps even assist settle the continuing conflict with Davidson Kempner. Consequently, this might potentially strengthen BYJU’S total market position.

Pai’s desire of a larger interest in AESL also calls into question the ownership and administration of the Indian edtech industry. The result of this action will be carefully monitored because it could have a big influence on BYJU’S and AESL’s future plans.

BYJU’S own efforts to restructure its financials and operations, such as selling subsidiaries and reducing staff, are aimed at alleviating the company’s debt burden and ensuring its long-term sustainability. These steps may lead to a leaner and more efficient organization better equipped to navigate the competitive edtech landscape. In conclusion, Ranjan Pai’s investment, coupled with developments within BYJU’S, underscores the dynamism and challenges in the Indian edtech sector.

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Microsoft CEO Nadella’s Compensation Sees Significant Drop to $48 Million

Microsoft CEO Satya Nadella’s compensation for 2023 has been disclosed, marking the lowest amount he has received in the past three years. This reduction is attributed to a decrease in stock awards and other incentives. It comes in the wake of an announcement made by Nadella earlier this year, in which he informed full-time salaried employees that their pay would be frozen due to a slowdown in revenue growth.

In fiscal 2023, Nadella received a total compensation of $48.5 million, a decline from the $54.94 million he received the previous year and the $49.85 million in the year before that. The components of his compensation package included $2.5 million in salary (which remained unchanged), $39.23 million in stock, $6.4 million in non-equity incentives, and $360,000 for all other forms of compensation.

Nadella’s performance in terms of financial results fell slightly short of the target, achieving 85.5 percent of the set goals. However, he exceeded the targets for operational results. It’s worth noting that Satya Nadella has earned an estimated $1 billion in financial packages since taking over as CEO in 2014, making him one of the highest-paid CEOs in the technology industry.

Executive Team Compensation Highlights

In the fiscal year under review, Microsoft witnessed substantial growth, with a notable 11 percent increase in revenue, reaching an impressive $211.9 billion. Furthermore, the company’s operating income also saw a rise, climbing from $83.38 billion to $88.5 billion. However, the net income remained relatively steady at $72.36 billion. Notably, the cloud revenue segment displayed a robust 22 percent growth, surging to a remarkable $111.6 billion, although this expansion was somewhat slower compared to previous years.

It’s important to highlight that a significant portion of CEO Satya Nadella’s annual compensation is tied to performance, with over 95 percent of his target compensation being linked to performance-based metrics. Additionally, a substantial 70 percent of his yearly cash incentive is contingent upon achieving predetermined financial goals.

Microsoft, in its proxy statement, claimed, “The annual total compensation for the median employee of the Company (other than our CEO) was $193,770, and the annual total compensation of our CEO was $48,512,537.”

One year ago, the corporate world witnessed a significant disparity in compensation, with the average pay standing at $190,000 while the CEO-to-worker pay ratio was a staggering 289 to 1. Fast forward to the present day, and we observe a noteworthy shift in this landscape, with the CEO-to-worker pay ratio having lowered to a more equitable 250 to 1.

Credits: Reddit

Taking a closer look at the executive team within Nadella’s C-suite, we find a blend of remarkable talents, each compensated for their invaluable contributions. Chief Financial Officer Amy Hood, an indispensable figure in the organization, received a well-deserved $19.9 million in compensation. This substantial package reflects her strategic financial acumen and dedication to the company’s success.

Key Microsoft Executives and Their Compensation in 2023

Judson Althoff, the dynamic head of sales, stands as another pillar of the team. Recognized for his remarkable contributions, Althoff’s compensation amounted to $16.2 million. His expertise in driving revenue growth has been instrumental in the company’s achievements.

President Brad Smith, an influential force in the organization, earned a noteworthy $18.1 million in compensation. His visionary leadership and commitment to guiding the company toward its goals have not gone unnoticed.

Christopher Young, the Executive Vice President responsible for business development, strategy, and ventures, has made substantial strides in these crucial areas. His significant contributions were reflected in his compensation of $9.8 million.

It is evident that the compensation of these key executives reflects their pivotal roles in steering the company’s growth and success. As the corporate landscape continues to evolve, it is crucial to keep an eye on these figures, as they can provide insights into the broader trends and dynamics of the business world.

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