A Roundup of the Week’s Top Tech Industry Press Releases from PR Newswire
Each week, PR Newswire publishes thousands of press releases, making it challenging to keep up with all the latest news in the tech industry. To help journalists and readers stay informed, we’ve compiled a roundup of this week’s most notable and newsworthy stories. From PayPal’s stablecoin launch to AI updates in web3 and edtech, here are the must-see stories:
1. PayPal Launches Stablecoin in US Dollars
PayPal has introduced PayPal USD, a stablecoin that allows users to seamlessly connect fiat and digital currencies. As the only supported stablecoin within the PayPal network, PayPal USD combines the expertise of PayPal in payments with the speed and programmability of blockchain protocols.
2. DISH Network Corporation and EchoStar Corporation to Merge
DISH Network Corporation and EchoStar Corporation are joining forces to create a world leader in terrestrial and non-terrestrial wireless connectivity. This merger combines DISH Network’s satellite technology and broadcast services with EchoStar’s satellite communications solutions.
3. Organizations Globally Set to Ban ChatGPT and Generative AI Apps on Work Devices
A recent study reveals that 75% of organizations worldwide are planning to ban ChatGPT and generative AI apps on work devices due to concerns about data security, privacy, and cybersecurity threats. 61% of these organizations intend for these measures to be long-term or permanent.
4. Aptos Labs Partners with Microsoft to Push Web3 into Mainstream
Aptos Labs has teamed up with Microsoft to bring Web3 technology into mainstream adoption. The Aptos Assistant will provide users with a seamless onboarding experience for web3 by answering questions about the Aptos blockchain ecosystem using natural language.
5. Garmin Acquires JL Audio for Audio Solutions
Garmin has signed an agreement to acquire JL Audio, a renowned manufacturer of audio solutions. This acquisition aligns with Garmin’s vision of delivering innovative technology solutions backed by extensive research and development.
6. MindsDB Secures Funding from NVIDIA to Make AI Accessible to Businesses
MindsDB, an AI database company, has received funding from NVIDIA to make AI more accessible to businesses. The goal is to enable every developer, regardless of their AI knowledge, to produce and connect AI models to existing software infrastructure.
7. Rewriting the Code Expands to UK for Diversity in Tech
Rewriting the Code, an organization focused on increasing opportunities for women in tech, is expanding its resources and community to the UK. The aim is to promote diversity across the tech industry and provide support for early career professionals.
8. Umbra Generates Highest Resolution Commercial SAR Image Ever Released
Umbra provides access to high-quality commercial satellite data that can be used for various applications such as monitoring surface-level changes globally. The latest release from Umbra showcases the highest resolution synthetic aperture radar (SAR) image ever generated commercially.
9. Quizlet Launches Advanced AI-Powered Study Tools
Quizlet has introduced advanced AI-powered tools for next-generation studying. These tools utilize generative AI techniques to enhance learning outcomes for students by providing personalized study materials.
10. BitPay Introduces Bill Pay with Cryptocurrency
BitPay now allows users to pay bills with cryptocurrency through its Bill Pay feature. Users can settle balances with over 5,000 service providers directly from BitPay’s self-custody wallet application.
11. Open Source Software Driving Innovation in Sustainability, Finds LF Energy Research
According to LF Energy Research, open source software plays a crucial role in driving innovation in sustainability efforts such as climate technologies and energy efficiency. It enables organizations to understand their environmental impact scientifically and develop composite solutions.
12. The Metaverse Projected to Reach $900 Billion by 2030
A study conducted by Bain & Company suggests that the metaverse industry could reach a market value of $900 billion by 2030. However, scaling the technology to support immersive experiences will take time.
What’s more to these press releases, several earnings reports from companies like CEVA, Datadog, and Squarespace have also been released this week. These reports provide valuable insights into the financial performance of these tech companies.
To stay up to date with the latest news and press releases in the tech industry, journalists can set up personalized newsfeeds with PR Newswire for Journalists. This service provides access to relevant news based on keywords, industry, topic, geography, and more. Journalists can also access media assets and connect with subject matter experts through ProfNet.
PR Newswire is a leading distribution network for print media, radio, television stations, financial portals, and trade publications worldwide. With over 200,000 publications and 10,000 websites in its network, PR Newswire ensures global coverage in multiple languages.
By keeping up with the latest press releases from PR Newswire and following @PRNtech on Twitterjournalists can stay informed about the most significant developments in the tech industry.
