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Apple Continues to Dominate the Tablet Market
While conducting the latest earnings call, Apple CEO Tim Cook declared the company witnessed its most successful June quarter in almost a decade in iPad sales.
According to estimates, Apple shipped 12.9 million iPads in Q2 2021, followed by Samsung that shipped 8 million Galaxy Tab S7 tablets.
Lenovo and Amazon took third and fourth with 4.7 million and 4.3 million shipments.
Lenovo has its well-received line-up of Chromebooks and Chrome OS tablets, while Amazon is known in the market for its Fire tablets.
Apple refreshed its iPad Air in 2020 and launched an upgraded version of iPad Pro in early 2021.
Another product line for Apple to update is the iPad Mini.
Samsung, the second in the race, benefitted from its excellent hardware capabilities and OLED screens.
Where Samsung lagged was Android’s not-so-brilliant selection of tablet apps.
Telegram to Let 1,000 People Join in a Video Call
In a blog post, Telegram announced its bringing in group video call features allowing up to 1,000 people to join and participate.
While the limit on the number of participants who can share video from their camera or screen remains capped at 30, 970 others can freely join the call and watch.
However, this expansion of the limit still appears to be the tip of the iceberg as far as Telegram’s plans are concerned.
The application has declared that it would keep increasing its limit “until all humans on Earth can join one group call and watch us yodel in celebration.”
While announcing the expansion of the limit, Telegram also announced some other additions, including high-resolution video messages and the ability to expand them, screen-sharing for one-on-one calls, timestamp links, etc.
New German Investment Funds’ Asset Composition Laws Could Result in More Than $400 Billion Inflow in the Crypto Market
From August 2nd, 2021, the German institutional funds will have the provision to hold up to 20% of their assets in cryptocurrencies.
It appears to be a significant change in the country’s fixed investment rules that govern Spezialfonds, or Special Funds.
All these funds combined manage assets worth $2.1 trillion at present, close to 1.8 trillion Euros.
What is notable about these funds is that they are only accessible to pension funds and insurers, that is to say, institutional investors.
Although analysts and market experts believe that most of the funds, for now, will stay below 20%, the provision is still a notable evolution in the German government’s approach towards crypto-asset investments.
As per its blockchain strategy, devised in 2019 and to be realized fully by 2021, the country has 44 adoption measures to make access to digital assets easier for investors.
Germany has also emerged as a leading market for crypto ETPs or exchange-traded products.
Yet, one reason behind why most of the funds will start from much below the 20% mark is the strict regulatory requirements that the insurers and pension funds have.
It will take some time to strike the right balance between these funds’ willingness to invest in crypto-assets and the need to stay within the contours of the stringent regulatory framework.
$15.5 Million Raised by New York-Based Conversational AI Startup
In its Series C investment round led by Naples Technology Ventures and NCR Corporation, the conversational AI startup Kasisto has raised $15.5 million.
The funding round also involved other existing investors like OAK HC/FT, Ten Coves Capital, Rho Capital Partners, Propel Venture Partners, Two Sigma Ventures, Commerce Ventures, and Partnership Fund for NYC.
Kasisto has plans to invest these funds in revolutionizing the financial services industry through its digital experience solutions.
Kasisto was founded in 2013. To date, it has raised $67 million.
The previous funding round was in February 2020, where the startup raised $7 million.
With the vision of replacing the legacy human-centric customer service and engagement model, Kasisto develops AI-backed digital assistants, customized for the financial services industry.
Some of its leading clients include stalwarts of the market, such as J.P. Morgan, TD Bank, Emirates NBD, Standard Chartered, NCR, and more.
AROUND THE WEB
💉 “Unjected” Rejected from App Store: Apple app store has removed the app Unjected that gained traction as a dating service for anti-vaxxers for violating guidelines around COVID-19 and misinformation.
📈 Softbank Funding for Semiconductor Startup: Wiliot, the startup that offers a stamp-sized chip designed to enable object recognition at scale, won a $200 million investment from Japanese billionaire Masayoshi Son via SoftBank.
🦠 Malware Spreader Moves to the Top: Using the ads platform of Google, the brave website fake version, spreading malware to users, has moved to the top of the engine’s search results.