Author name: fakhar

iFlytek Joins China’s AI Language Model Pricing Battle

On Wednesday, artificial intelligence (AI) firm iFlytek entered a growing price war among China’s leading tech companies. The company announced that certain versions of its “Spark” large-language model (LLM) would be either free or up to five times cheaper than similar products from competitors. This announcement followed a series of price reductions from other Chinese …

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BlackRock Engages in Discussions with Governments Regarding AI Investment Opportunities

BlackRock (BLK.N) is currently engaged in discussions with multiple governments regarding strategies to finance essential investments in support of artificial intelligence (AI), including expanding power infrastructure, stated the CEO of the world’s largest asset manager on Friday. AI is recognized as a significant catalyst for global productivity, yet its advancement relies heavily on data centers …

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Source: Microsoft Plans to Launch Next ‘Call of Duty’ Game on Subscription Service

According to a source familiar with the matter, Microsoft (MSFT.O) is reportedly planning to introduce the upcoming “Call of Duty” installment to its subscription service, marking a departure from its traditional practice of standalone sales for the game. The announcement is anticipated to be made during the company’s annual Xbox showcase on June 9, as …

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The United States and TikTok pursue expedited timeline, aiming for ruling by December 6 on potential prohibition.

On Friday, the U.S. Justice Department and TikTok jointly requested a U.S. appeals court to expedite a schedule to address legal challenges to a new law mandating China-based ByteDance to sell TikTok’s U.S. assets by January 19 or face a ban. They seek a ruling by December 6, allowing potential Supreme Court review before the …

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Indonesian Minister Reveals Musk’s Interest in Potential EV Battery Plant Investment in Country

Indonesia’s coordinating minister of investment revealed that Elon Musk will entertain the idea of establishing an electric vehicle battery plant in the country, following a meeting between the Tesla CEO and President Joko Widodo on Monday. Musk was not immediately reachable for comment following Minister Luhut Pandjaitan’s statement to the press. The encounter between Musk …

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South Korea and the UK join forces for the second global AI summit amid concerns over risks accompanying the industry’s rapid expansion.

South Korea and the United Kingdom will jointly host the second global AI summit in Seoul this week, reflecting the rapid evolution since the inaugural summit in November. With governments striving to address an expanding array of risks linked with AI technology, UK Prime Minister Rishi Sunak and South Korean President Yoon Suk Yeol will …

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Pitchbook reports that venture capital funding in the crypto sector has surged to $2.4 billion.

PitchBook data indicates that funding for crypto startups increased to $2.4 billion in the first quarter of 2024, marking the second consecutive quarterly rise. This growth was driven by expectations of reduced interest rates and the launch of the first U.S. bitcoin spot ETF. During this period, funding was allocated across 518 deals, representing a …

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Hong Kong Authorizes Usage of China’s Digital Yuan in Local Stores

Hong Kong is set to permit the use of mainland China’s experimental digital currency in local shops, as announced by the head of its de facto central bank on Friday. This move signifies a significant advancement in Beijing’s agenda to globalize the yuan, particularly amid escalating geopolitical tensions.Under the program, endorsed by Beijing, residents from …

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OpenAI Secures Agreement to Integrate Reddit Content into ChatGPT

Reddit (RDDT.N) has teamed up with OpenAI to integrate its content into the popular chatbot ChatGPT, the companies announced on Thursday. This collaboration has propelled the social media platform’s shares up by 12% in after-hours trading. This partnership highlights Reddit’s efforts to expand its offerings beyond its core advertising business, following its recent collaboration with …

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Google Requests Bench Trial in US Ad Tech Lawsuit, Filing Indicates

In a court filing submitted on Thursday, Google is requesting a bench trial in the U.S. Justice Department’s lawsuit accusing the tech giant of anticompetitive behavior in the online advertising market.The Justice Department, which initiated the advertising lawsuit in January 2023, alleged that Google has exploited its dominance in the digital advertising sector and advocated …

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