Science & Technology - page 23

News

Amazon Offers Free Computing Power to AI Researchers

Amazon’s unit, which specializes in cloud computing, announced on Tuesday, November 12, that it will offer free computing power to researchers who want to use its custom artificial intelligence chips.

News

Meta Tests Experiential Retail to Sell Smart Glasses

Meta is currently promoting its Ray-Ban Meta smart glasses at a Meta Lab pop-up store in Los Angeles, where visitors have the opportunity to personally test this product.

News

Washington Reportedly Orders TSMC to Halt Shipments to China of Some Chips

The media, citing an insider, reported that the United States ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers.

Fintech & Ecommerce

Wealth Management Firms in US to Double AI Budgets

Projections indicate that AI will account for 37% of US wealth management firms’ IT spending in the next 3-5 years, up from 16%.

News

LightOn to Become Europe’s First Listed GenAI Startup

The French startup LightOn, which operates in the area of generative artificial intelligence, has launched an initial public offering (IPO) of shares on the Euronext Growth market in Paris.

News

Chipmaker Kioxia Files for IPO

Bain Capital-backed Kioxia filed for an initial public offering (IPO) of shares last Friday, November 8th.

News

Tesla Hits $1 Trillion Market Value

Tesla’s market capitalization indicator on Friday, November 8, breached the $1 trillion mark amid a sharp increase in the value of the company’s shares, which is due to the fact that its chief executive officer Elon Musk supported Donald Trump, who became the winner of the United States presidential election.

News

Arm Reports Earnings Forecast

Chip developer Arm Holdings last Wednesday, November 6, released a forecast for its revenue in line with Wall Street targets, against which the value of the brand’s shares fell by 4.5%.

News

Qualcomm Reports Earnings

Qualcomm last Wednesday, November 6, released data on its earnings for the last quarter.

News

Amazon to Invest $1.3 Billion in Italy

Amazon’s computing unit AWS on Thursday, November 7, announced its intention to invest 1.2 billion euros ($1.3 billion) in Italy over the next five years as part of efforts to expand its data center business in the country.

News

Prime Video’s X-Ray Recaps Use GenAI to Sum Up TV Shows

Amazon Prime Video’s new X-Ray Recaps feature uses GenAI to help viewers catch up on key plot points of their favourite shows without rewinding or risking spoilers.

News

US Lawmaker Urges Investigation Into China’s Chipmaker SMIC

Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.

News

Super Micro Shares Demonstrate Decline

Super Micro, a server manufacturer that publishes annual financial statements later than scheduled and currently faces the risk of being excluded from the Nasdaq list, last Tuesday, November 5, shared with the public data on the results of its activities for the last fiscal quarter.

News

Chinese Unicorn Zhipu AI Raises $210 Million

Zhipu AI, one of the leading Chinese startups in the area of generative artificial intelligence, has announced the initial closure of its venture capital vehicle.

News

Perplexity AI Reportedly Nears $500 Million Funding Round

Media reports that Perplexity AI, a startup that developed an artificial intelligence-based search engine, is currently in the final stages of the process of raising $500 million in funding with a valuation of $9 billion.

News

Amazon Bedrock Launches New AI Models

Anthropic’s Claude 3.5 Haiku and the upgraded Claude 3.5 Sonnet, Amazon Bedrock’s latest, smartest and fastest AI models, are now generally available.

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