September 4, 2024
Tech News
The telecommunications industry is facing significant challenges, including declining profitability and rising operational costs, necessitating a complete overhaul of business models. Dr. Vincenzo Basilem from Arthur D. Little emphasizes that traditional strategies focused on coverage and speed are no longer effective. Telcos must adopt a data-driven approach, invest in AI and machine learning, and explore new revenue streams to remain competitive, especially as they transition to 5G amidst regulatory and financial constraints.
Gentari has implemented overstay fees for electric vehicle (EV) chargers at Suria KLCC and KL Convention Centre starting September 3, 2024. EV owners will incur additional charges if they exceed a 5-hour charging limit, with fees varying based on charger speed. This initiative aims to improve charger availability and discourage long-term parking, ensuring more efficient use of charging stations.
Communications Minister Fahmi Fadzil announced that an announcement regarding the operators involved in developing Malaysia’s second 5G network is expected in a few weeks. The tender process is nearing completion, with four mobile network operators having submitted bids. The new network aims to provide sustainable services at competitive prices, matching or exceeding the quality of the existing network.
UK conservationists have partnered with eBay to combat the illegal trade of wild plants, which threatens various species. The collaboration aims to develop a blueprint for eBay to enhance its trading policies and prevent illegal sales. This initiative responds to the rising demand for wild plants, particularly succulents, and seeks to protect ecosystems while raising awareness among buyers about the implications of their purchases.
Tech Explained
5G – 5G is the fifth generation technology standard for cellular networks, offering faster speeds, lower latency, and increased capacity compared to previous generations.
AI – AI refers to the simulation of human intelligence processes by machines, including learning, reasoning, and self-correction.
Machine Learning – Machine learning is a subset of AI that enables systems to learn and improve from experience without being explicitly programmed.
Electric Vehicle (EV) – EVs are vehicles powered by electric motors, using energy stored in rechargeable batteries instead of gasoline or diesel.
Telecommunications Industry – The telecommunications industry encompasses companies that provide communication services through various means, including telephone, internet, and wireless networks.
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