The Indian Space Research Organisation (ISRO) has recently carried out two successful tests as part of its ongoing efforts to further validate and refine the propulsion system for the Gaganyaan mission. These “hot tests” were conducted on the Gaganyaan Service Module Propulsion System (SMPS) at the ISRO Propulsion Complex in Tamil Nadu. The Gaganyaan project
Microsoft experienced a decline in shares of up to 4% during after-hours trading on Tuesday due to the company’s quarterly revenue guidance falling short of analysts’ expectations. The software maker reported earnings of $2.69 per share, surpassing the expected $2.55 per share predicted by Refinitiv. However, revenue came in at $56.19 billion, slightly below the
Microsoft announced its fiscal fourth-quarter profit of $20.1 billion, surpassing analyst expectations of $2.55 per share with a reported profit of $2.69 per share. The company’s revenue for the April-June period reached $56.2 billion, marking an 8% increase from the previous year. Analysts had predicted revenue of $55.49 billion. Microsoft CEO Satya Nadella emphasized the
The financial services arm of UBS, a Swiss banking giant, recently revised its guidance for the long-term artificial intelligence (AI) end-demand forecast. The previous forecast projected a compound annual growth rate (CAGR) of 20% from 2020 to 2025. However, UBS now anticipates a CAGR of 61% between 2022 and 2027. Solita Marcelli, the global wealth
Researchers have recently made significant progress in accurately counting and objectively analyzing close encounters between drones and airplanes. This development is a major step forward in aviation safety, as it reduces reliance on subjective pilot sightings. The study, published in the SAE International Journal of Aerospace, examined over 1.8 million piloted aircraft operations and nearly
Alphabet, the parent company of Google, experienced a significant boost in its shares, rising approximately 7% during after-hours trading on Tuesday. This surge came shortly after the company reported better-than-expected revenue and profit for the second quarter. The remarkable results were primarily driven by the growth of Alphabet’s cloud-computing unit. According to Refinitiv, Alphabet’s earnings
A groundbreaking study conducted by the Virginia Tech Transportation Institute (VTTI) has shed light on the world of electric scooters. The study, initiated in September 2019, marked the first large-scale naturalistic driving study focused on e-scooter riders. Equipped with advanced research equipment, including forward-facing cameras, 50 scooters collected an impressive 9,000 miles of data from
Elon Musk, known for his fascination with the letter X, has made the bold decision to rebrand Twitter as X. This move is part of Musk’s plan to transform the $44 billion acquisition into a platform that truly reflects his vision. Musk envisions X to be similar to China’s WeChat, a multifunctional super app that
Stability AI, the company responsible for the Stable Diffusion image generation AI, has unveiled two new large language models (LLMs) known as FreeWilly1 and FreeWilly2. These models, based on Meta’s LLaMA and LLaMA 2 open-source models, have been trained on a smaller dataset that includes synthetic data. Despite their reduced size, the FreeWillys excel in
In a recent announcement, it was revealed that a staggering number of cyber fraud cases were registered in 2021. According to data from the National Crime Records Bureau (NCRB), a total of 14,007 cyber fraud cases were reported in the year 2021. This includes various forms of fraud committed through online apps. The figures provided