Author name: fakhar

Samsung Electronics (005930.KS) announced on Thursday that it has agreed to acquire Oxford Semantic Technologies, a British startup specializing in advanced technology for artificial intelligence (AI) applications. The value of the deal was not disclosed. Oxford Semantic Technologies focuses on knowledge graph technology, which organizes information as an interconnected web of related concepts, mimicking human …

Samsung to Acquire British AI Startup Oxford Semantic Read More »

Taiwanese chipmaker TSMC (2330.TW) reported a 36% increase in second-quarter net profit on Thursday, surpassing market expectations, driven by a surge in demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a key supplier for Apple (AAPL.O) and Nvidia (NVDA.O), saw its net profit …

TSMC’s Q2 Profit Surges 36%, Exceeds Expectations Read More »

Former U.S. President and current Republican presidential candidate Donald Trump is set to speak at Bitcoin 2024 in Nashville, Tennessee, on July 27, according to conference organizers. WHY IT MATTERS Trump, who is challenging Democratic President Joe Biden in the upcoming U.S. election, has positioned himself as a supporter of cryptocurrencies. At a June fundraiser …

Donald Trump Scheduled to Speak at Bitcoin 2024 Conference on July 27 Read More »

Microsoft (MSFT.O) has reached a 20-million-euro ($21.7 million) settlement to resolve an antitrust complaint regarding its cloud computing licensing practices, preempting an EU investigation and potential fines. The complaint, filed by Cloud services organization CISPE in late 2022, alleged that Microsoft’s contractual terms imposed on October 1 were detrimental to Europe’s cloud computing ecosystem. While …

Microsoft Settles $22 Million Cloud Dispute to Avert Regulatory Scrutiny Read More »

Manufacturers are scaling back their rollout of Generative AI initiatives due to mounting concerns over accuracy, as reported by Lucidworks in a study released on Wednesday. The study, which surveyed over 2,500 global leaders involved in AI technology decisions, highlighted that 58% of manufacturing leaders plan to increase AI spending in 2024. This figure is …

Study Finds Manufacturers Delaying Rollout of Generation AI Due to Increasing Accuracy Concerns Read More »

EU’s Margrethe Vestager, the antitrust chief, is scheduled to host a press conference at 09h00 GMT. According to sources familiar with the matter, Vestager is expected to announce that Apple (AAPL.O) has agreed to allow competitors access to its tap-and-go mobile payments system, following a lengthy four-year investigation.

Taiwan’s TSMC (2330.TW) soared to a record high on Thursday after reporting robust second-quarter revenue driven by the surging demand for AI applications, solidifying its status as Asia’s most valuable company. This week, TSMC also surpassed a trillion-dollar market value. WHY IT’S IMPORTANT The AI boom has fueled a global rally in chipmaker stocks. Taiwan …

Taiwan’s TSMC Reaches Trillion-Dollar Valuation Amid AI Boom Read More »