For every action, there will always be an opposite reaction says Isaac Newton. The action by US to restrict export of its chips to China has made Chinese companies to come out stronger after a while. The first major sanctions were imposed in 2019, when the US government blacklisted Huawei,Continue Reading
Databricks, a producer of software for data analytics and AI, has secured a Series I round for more than $500 million, giving it a $43 billion valuation. According to Crunchbase data, the most recent fundraising round has elevated Databricks to the eighth-most valuable private firm in the world. Databricks, aContinue Reading
On Thursday, shares of SoftBank’s Arm Holdings (ARM.O) jumped about 25% above their Nasdaq debut price, reviving investor optimism for a turnaround in the sluggish IPO market. Shares of Arm were set at the top of the anticipated range on Wednesday. The stock began trading on Thursday at $56.10 andContinue Reading
The rivalry between ChatGPT and Google Bard is a battle for the title of best large language model (LLM). Both models are capable of generating human-quality text, translating languages, writing different kinds of creative content, and answering your questions in an informative way. However, they have different strengths and weaknesses.Continue Reading
The development of AI is on the increase and it is important to have a regulatory framework in place for its use. This is of particular importance in the fastmoving Artificial Intelligence technologies, which can have a significant impact on society. The automotive industry, healthcare and scientific research, media andContinue Reading
Agenerative artificial intelligence is helping people tackle tasks, such as creating spreadsheets, captioning images, writing essays, poems and presentations. The retail giant claims these new capabilities are designed to help sellers generate “captivating product descriptions, titles, and listing details.” In addition, merchants will be able to integrate AI into theirContinue Reading
On September 14, 2023, a hacking group known as Scattered Spider claimed to have stolen 6 terabytes of data from the American gambling and hospitality company MGM Resorts International. The group said that the data included customer information, employee records, and financial data. Speaking to Reuters via the messaging platformContinue Reading
The European Union has accused China of over-subsidizing electric vehicle production, which is giving Chinese EV makers an unfair advantage in the European market. On Wednesday, European Commission President Ursula von der Leyen announced a probe into China’s dumping on the world market of electrical cars whose prices have beenContinue Reading
It has been reported that Google is eliminating hundreds of jobs from its Recruiting Team around the world. Google’s CEO, Sundar Pichai, said during the company’s earnings conference last month that it was slowing down its expense growth and pace of hiring.” The latest round of job cuts is aContinue Reading