August 9, 2024
Tech News
Take-Two Interactive Software is banking on the release of “Grand Theft Auto VI” in 2025 to drive growth in net bookings for fiscal years 2026 and 2027. Despite having 40 titles in development, the company faces challenges with declining in-game spending and lower-than-expected second-quarter bookings.
Boost Bank has revamped its tiering system, offering higher interest rates with a minimum deposit of RM1. Users can now enjoy rates of 2.5% p.a. for Savings Accounts and up to 4% p.a. for Savings Jars. The bank also introduced an auto-reload feature from the Boost eWallet and plans to launch a Mastercard Debit Card soon.
Malaysian banks are enhancing security measures by implementing “malware shielding” in their mobile apps. This feature detects high-risk malware and suspicious remote access, temporarily restricting access to protect customers’ funds from unauthorized transactions and malware scams.
The tech industry has seen a wave of layoffs in 2024, with 60,000 job cuts across 254 companies. Major players like Tesla, Amazon, Google, and Microsoft have downsized, reflecting the impact of AI and automation on the workforce and the ongoing challenges in the tech sector.
Tech Explained
Malware – Malware is malicious software designed to disrupt, damage, or gain unauthorized access to computer systems or networks.
Automation – Automation involves the use of technology to perform tasks with minimal human intervention, increasing efficiency and productivity.
AI (Artificial Intelligence) – AI refers to the simulation of human intelligence processes by machines, such as learning, reasoning, and problem-solving.
Remote Access – Remote access allows users to connect to a computer or network from a different location, enabling them to access files and resources remotely.
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