Author: precious

I’m Precious Amusat, Phronews’ Content Writer. I conduct in-depth research and write on the latest developments in the tech industry, including trends in big tech, startups, cybersecurity, artificial intelligence and their global impacts. When I’m off the clock, you’ll find me cheering on women’s footy, curled up with a romance novel, or binge-watching crime thrillers.

The world’s biggest digital currency, Bitcoin, dropped by 9.52%, falling back to $83k and losing all the gains it had managed to accrue during a brief surge over the weekend. The surge which allowed the cryptocurrency to hit over $94k was as a result of the excitement over the creation of a U.S. Crypto Strategic Reserve, which was driven and proposed by the U.S. President Donald Trump. But the exhilaration quickly led to a combination of skepticism and new geopolitical tensions that caused the market to pull back, leading to a drop. This comes two days after President Trump announced…

Read More

Tesla has now lost all the gains it accrued since Donald Trump’s November inauguration as U.S. President. In a staggering stock sell-off on Monday, Tesla’s market value crashed by 15%, wiping out $127 billion in a single day. The crash pushed Tesla’s total losses for 2025 to over 40%, underscoring deeper troubles for the electric vehicle (EV) maker, as well as a growing competition in the Chinese EV market. Since its peak at $479.86 on December 17, Tesla shares have lost more than 50% of their value, where over $800 billion was wiped out in its market capitalisation. China EV…

Read More

Tesla has now lost all the gains it accrued since Donald Trump’s November re-election as the U.S. President. In a staggering stock sell-off on Monday, Tesla’s market value crashed by 15%, wiping out $127 billion in a single day. The crash pushed Tesla’s total losses for 2025 to over 40%, underscoring deeper troubles for the Electric Vehicle (EV) maker, as well as a growing competition in the Chinese EV market. Since its peak at $479.86 on December 17, Tesla shares have lost more than 50% of their value, where over $800 billion was wiped out in its market capitalisation. China…

Read More

The U.S. Department of Justice has indicted 12 Chinese-backed hackers who initiated several cyberattacks against large corporations in the country, including the U.S. Treasury Cyberattack. The Treasury cyberattack was announced via a letter from the DOJ, confirming there was unauthorized access to unclassified documents in the U.S. Treasury Departmental Offices.  The cyberattack was as a result of the exploitation of two pairs of vulnerabilities (CVE-2024-12356 and CVE-2024-12686) in a third-party software provided by BeyondTrust, a third-party SaaS (Software-as-a-Service) and a Cybersecurity firm, offering services including but not limited to Identity Security Platform, Privileged Access Management (PAM), and Remote Access Technology.…

Read More

A recent report provided by a TFI Security Analyst, Ming-Chi Kuo, has given us more information on Apple’s First Foldable iPhone, set to begin mass production in late 2026, and release in full capacity in early 2027.  According to the report, it is said to be priced at $2,000 – $2,500, making it more expensive than competing models like the Galaxy Z Fold series, and the Motorola Razr+ series. FEATURES Here’s what Kuo’s report says we should expect: However, achieving a crease-free display still poses a great challenge. While other challenges like durability, battery life, and cost are all relevant,…

Read More

In the ever-evolving Quantum Computing race, Amazon Web Services (AWS) has unveiled a new Quantum Chip dubbed ‘Ocelot.’ Named after a medium-sized spotted wild cat (Leopardus pardalis), its unveiling comes after the recent announcement of Microsoft’s Majorana 1 Chip, and Google’s Willow Chip. In an industry where every tech company in the quantum computing arms race comes with a new achievement — the powering of Majorana 1 with a novel topological core architecture; and Willow, a state-of-the-art quantum chip, performing a benchmark computation in under five minutes as opposed to today’s fastest supercomputers performing it in 10 septillion years —…

Read More

Imagine a certain type of computer that could solve problems in seconds as opposed to today’s supercomputers that would take a septillion years to solve. That is what quantum computing is all about – a new type of computing that leverages quantum mechanics to solve problems that would take traditional computers a very long time to solve. This type of computing uses quantum bits (qubits) instead of using the regular bits that represent 0 and 1 – qubits can be both 0 and 1 at the same time. After a decadeslong quantum arms race with Google’s Willow Quantum Chip and…

Read More

South Korea’s Personal Information Protection Commission says they have temporarily suspended the services of Deepseek from operating in their country, and it’ll be reinstated once “adjustments are made to comply with domestic personal information protection laws.” Deepseek, a Chinese Artificial Intelligence (AI) startup, owned and funded by the Chinese hedge fund High Flyer, has been taken down by the South Korean Government from their App Store. Right from its R1-model launch in January 2025, it has caused quite some stir in the AI industry, as it has been greatly considered a competition to ChatGPT, OpenAI’s most advanced technology. This is…

Read More

With the growing demand for automation industries and robotics innovation in industries like manufacturing and logistics, it is no wonder that Apptronik closed a $350 million Series A funding round that was co-led by B capital and Capital Factory in conjunction with Google. Apptronik, an Austin-based human-centred robotics company that started out of the Human Robotics Lab at the University of Texas at Austin wants to expand its team to meet the growing demand for next-generation humanoid robots. Of course, it now gets to do that on a large scale with this funding. Since its inception, Apptronik has developed over…

Read More