Tech

Get ready, Facebook ‘Smart glasses’ are coming

Published

4 years ago

September 10, 2021

Facebook successfully launched its new smart glasses this week, taking the social media giant closer to its aim of offering “true augmented reality spectacles”.

The glasses, which were created in partnership with Ray-Ban maker EssilorLuxottica, allow those who wear them to listen to music, as well as take calls and capture photos and short videos and share them across Facebook’s services using a companion app.

The selection of glasses don’t come cheap, at a cost of around $300 USD

Facebook, owned by billionaire Mark Zuckerberg last year reported revenue of about US$86 billion – and makes most of its money from advertising.

Until recently though, the company has invested heavily in virtual and AR, developing hardware such as its Oculus VR headsets and working on wristband technologies to support AR glasses.

Tech

WiseTech Global to slash 2,000 jobs amid AI transformation

WiseTech Global to reduce workforce by a third amid AI changes, despite 36% drop in net profit.

Published

2 hours ago

February 26, 2026

Harvey Vargas

WiseTech Global to reduce workforce by a third amid AI changes, despite 36% drop in net profit.

WiseTech Global has announced plans to cut around 2,000 jobs, signalling the end of the era of manually writing code. The job losses, representing nearly a third of its workforce, will primarily affect product development and customer service.

The company’s chief executive says these redundancies are part of a broader push towards artificial intelligence-driven operations. WiseTech aims to streamline workflows and embrace automation, even as its net profit fell 36% due to acquisition costs.

Despite these cuts, WiseTech has reaffirmed its revenue and earnings guidance for the year, and its shares jumped 11 per cent following the announcement.

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Tech

Nvidia earnings soar as AI drives 75% revenue growth

Nvidia’s earnings soar as AI-driven data center revenue jumps 75% amidst booming demand

Published

3 hours ago

February 26, 2026

Ahron Young

Nvidia’s earnings soar as AI-driven data center revenue jumps 75% amidst booming demand

In Short:
– Nvidia’s earnings report shows a 75% increase in data centre revenue due to rising AI demand.
– Positive investor response led to a significant rise in shares following the company’s optimistic growth outlook.

Nvidia has reported its latest earnings, revealing a notable increase in revenue driven by the surge in artificial intelligence (AI) demand.

Data centre revenue climbed 75%, outperforming analyst expectations and underscoring the company’s pivotal role in the AI sector.The company has provided forward-looking guidance, indicating continued growth in this sector. Investors responded positively to the news, with shares rising sharply in after-hours trading.

Nvidia’s advancements in AI have positioned the company as a leader in the field, particularly in graphics processing units (GPUs) that have become essential for AI applications. The firm continues to innovate, expanding its offerings to meet the increasing demand from both data centers and research institutions.

AI Revenue

The growth in Nvidia’s data centre revenue is attributed to widespread adoption of AI technologies across various industries.

Companies in sectors such as healthcare, automotive, and finance are leveraging AI to enhance their operational efficiency and capabilities.

Nvidia’s success reflects broader trends in the market, highlighting the essential role of AI in driving technological advancements. As the demand for AI solutions escalates, Nvidia is likely to sustain its leadership position, reinforcing its strategy of focusing on AI-driven development and innovation.

Tech

OpenAI moves to replace software giants with AI products

OpenAI targets $280 billion revenue by 2030, prompting market fears despite some executives’ confidence in traditional software.

Published

1 day ago

February 25, 2026

Harvey Vargas

OpenAI targets $280 billion revenue by 2030, prompting market fears despite some executives’ confidence in traditional software.

OpenAI has revealed plans to replace major software providers with its own AI-driven products, signalling a dramatic shake-up across the tech industry. The company is targeting an eye-watering $30 billion in revenue by 2026 — and a staggering $280 billion by 2030 — underscoring just how aggressive its expansion strategy has become.

The announcement has rattled markets, with Atlantean’s stock sliding sharply amid fears that AI agents could reduce the need for traditional software licences. Investors are now questioning whether established providers can withstand a shift toward automated, AI-powered platforms.

OpenAI is doubling down through partnerships with major consulting firms to embed AI deeper into business operations. Still, some executives insist traditional software won’t disappear overnight — arguing it will evolve rather than collapse in the face of disruption.

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