Finance
Microsoft Scores Major Deal with Inflection AI, Bolstering Its AI Arsenal
March 22, 2024 – In a recent development that has shaken the tech world, Microsoft has announced a blockbuster deal with the upstart artificial intelligence company Inflection AI. According to insiders, the software giant has agreed to shell out a staggering $6.5 billion in cash to secure a license for Inflection’s cutting-edge AI software. The…
Google Rebrands Fitbit to Google Fitbit, Reflecting Its Integration Within the Tech Giant
March 19, 2024 – In a recent move, Google has updated the branding of its wearable device subsidiary, Fitbit, which it acquired in 2021, to Google Fitbit, replacing the previously used Fitbit by Google logo. The new branding features only the Google Fitbit text, utilizing the Google Sans font, and has discarded the dot-shaped logo…
NVIDIA Unveils Revolutionary Project GR00T: Ushering in a New Era of Humanoid Robotics
March 19, 2024 – At the annual GTC developers’ conference hosted by NVIDIA, CEO Jensen Huang unveiled the groundbreaking Project GR00T, a humanoid robot initiative that introduces the world’s first-ever base model for humanoid robotics. According to Huang, the GR00T humanoid robot base model possesses remarkable capabilities. It can comprehend natural language, mimic human movements,…
OpenAI CTO Unsure About Social Media Data Usage, Emphasizes Adherence to Data Selection Principles
March 18, 2024 – In a recent report, it was stated that Mira Murati, the Chief Technology Officer of OpenAI, expressed uncertainty regarding whether the organization had utilized data from social media platforms. Murati emphasized that OpenAI strictly adheres to the principle of using “publicly available data or data that has been appropriately licensed” in…
Samsung Electronics in Line to Receive Over $6B in U.S. CHIP Act Subsidies
March 15, 2024 – According to Bloomberg reports, Samsung Electronics is poised to receive over 6 billion USD (approximately 43.2 billion CNY at current rates) in subsidies from the United States under the CHIP Act. The South Korean tech giant is currently constructing a new facility in Texas and had initially planned to commence production…
Apple Bolsters AI Capabilities with Acquisition of DarwinAI
March 15, 2024 – Apple has made a significant move in the artificial intelligence (AI) space with the acquisition of DarwinAI, a Canadian startup specializing in understanding and optimizing deep neural networks, according to recent media reports. Headquartered in Canada, DarwinAI boasts a core technology that leverages AI to comprehend the intricacies of deep neural…
Microsoft CEO Nadella: Google Should Have Led in AI, But Reality Tells a Different Story
March 14, 2024 – In a recent statement, Microsoft CEO Satya Nadella expressed his belief that Google, given its resource advantages, should have been the frontrunner in the artificial intelligence race. According to Nadella, Google possesses exceptional capabilities, including top-tier talent, powerful computing resources, and vertical integration spanning from data processing to chip development, model…
OpenAI’s Sora to Revolutionize Video Production with Public Launch Later This Year
March 14, 2024 – In a recent interview, Mira Murati, the Chief Technology Officer of OpenAI, announced that Sora, a highly anticipated product, is set to be officially unveiled to the public later this year, “possibly within a few months.” According to Murati, Sora will feature sound effects and allow users to edit the video…
Global Top 10 Wafer Foundries Generated $304.9B in Q4 2023, with SMIC at 5th and Hefei Nexchip Returning to 9th
March 13, 2024 – According to the latest report released by TrendForce, a leading market research firm, the top ten wafer foundries globally generated a revenue of US$304.9 billion in the fourth quarter of 2023. Among them, SMIC secured the fifth spot while Hefei Nexchip re-entered the list at ninth place. TSMC retained its top…
LG Energy Solution and Qualcomm Collaborate on Advanced BMS Diagnostic Solution for Electric Vehicles
March 12, 2024 – LG Energy Solution has announced a collaboration with Qualcomm to develop a cutting-edge Battery Management System (BMS) diagnostic solution for the next generation of electric vehicles, according to recent media reports. Through this partnership, LG Energy Solution intends to integrate its BMS diagnostic software with specific features of Qualcomm’s Snapdragon Digital…