Science & Technology - page 3

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Southeast Asia Seeks to AI Boom

Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.

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Accenture Beats Quarterly Revenue

Accenture on Thursday, December 19, released a report on its earnings for the first quarter of fiscal 2025, which exceeded Wall Street’s preliminary expectations regarding this company’s revenue and profit for the mentioned period.

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China’s GenAI Sector Sees More Funding

The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.

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US Finalizes $458 Million Award to SK Hynix

The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.

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Micron Shares Fall

The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.

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Rogbid Introduces First Smart Ring With Interactive Display

Smartwatch brand Rogbid presented the innovative smart ring model with an OLED touch display, which is the first product of this kind on the market.

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Kioxia’s Shares Increase in Debut

Kioxia’s shares soared 14% as part of their market debut on Wednesday, December 18.

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Nvidia Presents New GenAI Tools

NVIDIA has introduced the Jetson Orin Nano Super Developer Kit along with NeMo Retriever suite of microservices  – tools designed to enhance generative AI (GenAI) capabilities.

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AWS to Invest $10B in AI Infrastructure in Ohio

AWS plans to strengthen its commitment to Ohio with a $10 billion investment supporting the surging demand for cloud computing and AI.

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AI Startup Basis Raises $34 Million

The startup Basis, which operates in the space of the artificial intelligence industry, on Tuesday, December 17, announced that it managed to raise investments for $34 million as part of the Series A funding round.

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Databricks Hits $62 Billion Valuation

Databricks, one of the most valuable privately held companies, on Tuesday, December 17, announced the raising of financing for $10 billion after one of the largest venture capital funding rounds in history.

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China’s Integrated Circuit Output Slows

In China, integrated circuit (IC) output in November showed an increase of 8.7% year-on-year.

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China Seeks to Dominate in AI

China is currently striving to become the dominant player in the global artificial intelligence industry, and according to media reports, citing insiders and experts, Beijing’s corresponding efforts may eventually prove successful, since AI models developed in the Asian country already demonstrate a high level of efficiency and have significant competitiveness.

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OpenAI Launches ChatGPT Search Features to All Users

On Monday, December 16th, OpenAI rolled out the search product for all users of its chatbot ChatGPT.

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Goldman Sachs Says About Practice of Using AI by American Companies

New research from Goldman Sachs indicates that among American companies, the practice of using artificial intelligence technologies is being implemented on a limited scale and is not yet what can be described as a massive process.

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Australia Develops Plan to Boost AI Investment

In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.

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