August 31, 2024
Tech News
Brazilian users are turning to Bluesky, a decentralized social media platform, after a ban on X (formerly Twitter) by a Supreme Court justice. This surge in traffic is causing potential outages and performance issues for Bluesky. Meanwhile, other platforms like Mastodon and Meta’s Threads have not reported similar increases in usage.
Corporate planning faces challenges due to departmental silos, hindering productivity and trust. By leveraging technology, such as AI, organizations can break down these silos to enhance agility through improved data sharing, collaboration, and decision-making. Tools like Workday Adaptive Planning are instrumental in integrating financial and HR data for real-time insights and increased efficiency.
Investors are valuing OpenAI at over $100 billion in the secondaries market, with talks of raising new funding at a similar valuation. Thrive Capital is expected to lead the funding round with a $1 billion investment, while tech giants like Microsoft, Nvidia, and Apple are rumored to participate. This high valuation reflects strong investor interest and the company’s rapid revenue growth.
The West Coast Expressway (WCE) in Malaysia will open its toll-free Section 1 route from Banting to the South Klang Valley Expressway (SKVE) interchange on 31 August. This 11km stretch will remain toll-free until 29 September 2024. The WCE, currently 96% complete, plans to open additional sections by Q3 2025.
Tech Explained
Decentralized Social Media Platform – A social media platform that operates without a central authority, allowing users to have more control over their data and interactions.
AI – Artificial intelligence refers to the simulation of human intelligence processes by machines, such as learning, reasoning, and self-correction.
Real-time Insights – Immediate access to data and information as it is generated, enabling quick decision-making based on up-to-date information.
Valuation – The process of determining the current worth of an asset or company based on various factors, such as revenue, growth potential, and market trends.
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