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 …
iFlytek Joins China’s AI Language Model Pricing Battle Read More »
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 …
BlackRock Engages in Discussions with Governments Regarding AI Investment Opportunities Read More »
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 …
OpenAI Secures Agreement to Integrate Reddit Content into ChatGPT Read More »
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 …
Google Requests Bench Trial in US Ad Tech Lawsuit, Filing Indicates 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 »
Microsoft is urging some of its employees based in China to contemplate relocating outside the country amidst escalating tensions between the United States and China, the company announced on Thursday. The strained relations, particularly in the race for advanced technology, have prompted Washington to seek restrictions on Beijing’s access to sophisticated chips utilized in AI …
YouTube announced on Tuesday its compliance with a court ruling to block access within Hong Kong to 32 video links identified as prohibited content, a move criticized by some as a setback for freedoms in the financial center amid tightened security measures. The decision came after Hong Kong’s Court of Appeal granted a government application …
YouTube to restrict access to Hong Kong protest anthem videos following court order Read More »
A coalition of TikTok content creators announced on Tuesday that they have initiated legal proceedings in a U.S. federal court to challenge a law signed by President Joe Biden. This law mandates the divestment of the popular short-form video app, used by over 170 million Americans, or its outright ban. The creators argue that TikTok …
TikTok creators file suit to block US divestment or ban law Read More »
Co-founder and chief scientist Ilya Sutskever bids farewell to OpenAI, a pivotal player in today’s artificial intelligence advancements. “OpenAI owes much to his contributions,” remarked OpenAI CEO Sam Altman in a company-wide message, as conveyed on the organization’s blog.OpenAI, backed by Microsoft (MSFT.O), is renowned for its ChatGPT chatbot, igniting fierce competition among tech giants …
Co-founder Ilya Sutskever leaves the company behind ChatGPT. Read More »
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