BUSINESS

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According to IDC, a research firm, global smartphone shipments dropped by 10% in the first quarter of 2024 due to increasing competition among Android smartphone makers. However, the total number of global smartphone shipments still increased by 7.8% to 289.4 million units from January to March. Samsung emerged as the top phone maker, with a 20.8% market share, pushing Apple to second place with a 17.3% market share.

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The valuation of generative AI (GenAI) has been a topic of considerable interest in the tech industry, with recent estimates placing its market value at an impressive $60 billion. This figure is drawn from a comprehensive analysis by McKinsey, which highlights the significant economic potential of GenAI across various industries. 

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