Boom

Intel on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block, the Jack Dorsey-led firm that recently changed its name from Square to highlight its growing focus on the blockchain.Blockchains serve as public ledgers that keep records of transactions on a network of computers and have grown in prominence in recent years. Their rise has also triggered a buzz…

Sony upgraded its full-year net profit forecast on Wednesday, buoyed by the success of its latest Spider-Man movie and strong results in the gaming sector despite the global chip shortage.It comes as the Japanese tech giant battles for gaming supremacy with US rival Microsoft after its blockbuster acquisition of Activision.Sony already logged a record net profit in 2020-21, with a pandemic boom in gaming swelling its profits.Although the huge demand for gaming is tapering now, Sony said it is continuing to see strong…