Tech News

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 »

Global PC shipments increased by 3% in the second quarter, driven by demand for AI-capable devices, with Apple (AAPL.O) experiencing the largest growth among PC manufacturers, according to preliminary data from research firm IDC released on Tuesday. PC shipments reached 64.9 million units in the three months ended June, marking a second consecutive quarter of …

Global PC shipments increase in the second quarter; Apple records its largest growth, according to IDC. Read More »

China is at the forefront of adopting generative AI, according to a recent survey, highlighting the country’s advancements in this technology since the global debut of OpenAI’s ChatGPT in late 2022. In a survey conducted by U.S. AI and analytics software company SAS and Coleman Parkes Research, 83% of Chinese respondents reported using generative AI, …

Survey reveals China leads global adoption of generative AI Read More »

Meta Platforms (META.O) announced on Tuesday that it would begin removing more posts that target “Zionists” when the term is used to refer to Jewish people and Israelis, rather than supporters of the political movement. The parent company of Facebook and Instagram stated in a blog post that it would delete content “attacking ‘Zionists’ when …

Meta enhances its hate speech policy to include more posts targeting ‘Zionists’ Read More »

Billionaire Elon Musk’s AI startup, xAI, and tech giant Oracle (ORCL.N) have terminated discussions regarding a potential $10 billion server deal, according to a report by The Information on Tuesday. The discussions aimed to expand an existing arrangement where xAI rents Nvidia’s (NVDA.O) AI chips from Oracle’s cloud services. However, sources involved in the talks …

Musk’s xAI and Oracle terminate discussions on $10 billion server deal, reports The Information Read More »

Microsoft (MSFT.O) has given up its board observer seat at OpenAI, which had drawn regulatory scrutiny. This decision follows significant improvements in OpenAI’s governance over the past eight months. Apple (AAPL.O) was also expected to take an observer role but decided against it, according to the Financial Times. Microsoft’s observer seat allowed attendance at board …

Microsoft withdraws from OpenAI board observer role due to regulatory scrutiny Read More »