Finance
Nintendo Takes Action: AI-Generated Mario Images Face Massive Takedown
September 25, 2024 – Recently, a significant number of X posts containing AI-generated images of Mario were successfully removed by a copyright tool powered by artificial intelligence. This tool belongs to a company named Tracer, which utilized AI to identify these images and issued takedown notices to the X platform on behalf of Nintendo. According…
TikTok Bids Farewell to Music Streaming: TikTok Music to Shut Down on November 28
September 25, 2024 – TikTok has announced that it will be shutting down its music streaming service, TikTok Music, on November 28, 2024. After this date, access to TikTok Music, including login, subscriptions, and all other features, will no longer be available. The company has stated that user account information and personal data will be…
Germany Aims for Quantum Leap with €35M Investment in Mobile Quantum Computer by 2027
September 24, 2024 – The German Cybersecurity Innovation Agency has announced the signing of contracts with four companies, namely Quantum Brilliance, ParityQC, Oxford Ionics, and neQxt, in a joint effort to unveil the world’s first mobile quantum computer by 2027. With a bid value of €35 million, this marks the largest research grant awarded by…
Anthropic, OpenAI’s Rival, Eyes $30-40 Billion Valuation in Potential Funding Round
September 24, 2024 – Reports from The Information indicate that Anthropic, a US-based AI startup, has initiated discussions with investors for a new round of funding. According to an existing investor, Anthropic’s valuation could potentially reach between 30to40 billion after this new funding round, which is approximately twice the valuation it had after completing a…
Northvolt Announces Global Layoff of 20% Amid Funding Challenges
September 24, 2024 – Northvolt AB, a prominent Swedish battery manufacturer, has announced plans to reduce its global workforce by 20% and halt the expansion of its main factory in northern Sweden. This decision comes as a response to a funding crisis triggered by the slowing demand for electric vehicles. The layoffs, affecting 1,600 positions,…
Huawei and du Launch Middle East’s First Indoor 5G-A Network, Achieving 5.1 Gb/s Speed”
September 23, 2024 – Huawei, in partnership with UAE-based operator du, has recently accomplished a notable feat in the Middle East region. Utilizing the LampSite X digital solution, they have successfully deployed the area’s first indoor network based on Three-Component Carrier (3CC) technology. This network stands out with a peak speed of 5.1 Gb/s, marking…
Apollo Eyes Potential $5 Billion Investment in Intel
September 23, 2024 – According to Bloomberg, asset management company Apollo is considering a potential equity investment in Intel, with a maximum amount reaching 5billion.Thisinvestment,whichequatestoapproximately5.493.19 billion, reflects Apollo’s confidence in Intel’s strategic transformation plan. However, informed sources have indicated that Intel executives are still weighing Apollo’s proposal, and no final decision has been made. Not…
TSMC and Samsung Electronics Mull Large-Scale Wafer Fab Construction in UAE
September 23, 2024 – According to a report by the Wall Street Journal yesterday, both Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics have been exploring the possibility of building large-scale wafer fabs in the United Arab Emirates (UAE). The report indicates that the UAE is discussing an advanced semiconductor manufacturing complex, which could potentially…
Qualcomm to Lay Off 226 Employees in San Diego This November
September 21, 2024 – According to the San Diego Union-Tribune, Qualcomm is set to lay off 226 employees in San Diego later this year. The layoffs, effective during the week of November 12th (November 11th to 17th), were announced under the California WARN (Worker Adjustment and Retraining Notification) Act. The job cuts will impact staff…
After CrowdStrike’s ‘Global Thanos Snap,’ 10% of German Firms Opt for New Security Vendors
September 20, 2024 – According to a report published by theregister on September 19th, the German Federal Office for Information Security (BSI) has revealed that one out of every ten organizations in Germany has abandoned their current supplier’s products due to the CrowdStrike incident in July. The BSI released the findings of a survey conducted…