Microsoft (MSFT.O) announced on Thursday its intention to introduce AMD (AMD.O) artificial intelligence chips to its cloud computing customers, providing an alternative to Nvidia (NVDA.O) components. Further details will be disclosed at its upcoming Build developer conference.At the conference, Microsoft will also unveil a preview of its new Cobalt 100 custom processors. These clusters of …
Two voice actors have filed a lawsuit against AI startup Lovo in a Manhattan federal court, alleging that the company unlawfully duplicated their voices and utilized them without consent in its AI voiceover technology. Paul Skye Lehrman and Linnea Sage, in the proposed class-action lawsuit, claim that Lovo, headquartered in San Francisco, is marketing AI …
New York Lawsuit Alleges AI Voiceover Company Illegally Acquired Actors’ Voices Read More »
Tesla is forging ahead with plans to advance its global self-driving technology using data sourced from China, a strategic shift spearheaded by Elon Musk, according to individuals familiar with the matter.As part of this initiative, Tesla is reportedly strategizing the establishment of a data center in China to train the algorithms necessary for achieving fully …
Musk advocates for utilizing Chinese data to fuel Tesla’s AI aspirations. Read More »
Indian software company Zoho is reportedly planning to venture into chip manufacturing and is seeking incentives from the federal government, according to two sources familiar with the proposal. One of the sources indicated that the investment plan could amount to $700 million. Founded in 1996 and headquartered in Tamil Nadu, India, Zoho provides software and …
On Thursday, the Turkish competition authority announced its decision to impose fines on Google for its failure to meet obligations concerning a segment of its local search services. The authority stated that it would levy daily fines equivalent to five ten-thousandths of Google’s 2023 revenues until the company adheres to the decisions of the competition …
Turkish Competition Authority Penalizes Google for Non-Compliance with Regulations Read More »
In a report released on Thursday, global banking regulators cautioned that the digitalization of banking and the involvement of Big Tech companies in finance introduce new vulnerabilities and magnify existing risks in the banking system, potentially requiring the implementation of new regulations to address them. The Basel Committee, comprised of central bankers and banking regulators …
Global watchdog warns of new risks arising from the digitalization of banking Read More »
Shares of Cisco Systems surged approximately 4% before the market opened on Thursday following an optimistic fourth-quarter outlook, indicating a continued improvement in demand for networking equipment and the anticipated benefits from its $28 billion acquisition of cybersecurity firm Splunk. As the world’s largest networking equipment manufacturer (CSCO.O), Cisco had faced challenges due to subdued …
Cisco climbs as demand for networking equipment rebounds Read More »
China’s Baidu (9888.HK) surpassed analysts’ projections for first-quarter revenue on Thursday, fueled by a resurgence in advertising revenue and heightened demand for its AI-driven cloud offerings. As China’s leading search engine provider, the company reported revenue of 31.51 billion yuan ($4.37 billion) for the quarter ended March 31, exceeding analysts’ average estimate of 31.21 billion …
Retail favorites GameStop (GME.N) and AMC (AMC.N) continued their decline in premarket trading on Thursday, as the excitement surrounding the resurgence of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy, fades away. GameStop shares tumbled 14% to $34 after spiking to as high as $64.83 earlier in the week, resulting in $1 …
GameStop and AMC Decline as Momentum Fades for Meme Stock Rally Read More »
Meta Platforms, the parent company of social media giants Facebook and Instagram, faces an EU investigation for potential violations of online content regulations pertaining to child safety, EU regulators announced on Thursday. The investigation could result in significant fines. Tech firms are mandated to take stronger actions against illegal and harmful content on their platforms …
Meta under scrutiny in EU investigation for child safety concerns Read More »
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