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Microsoft's AI Bet Fuels Chipmaker Surge

Microsoft's AI Bet Fuels Chipmaker Surge

Shares of chipmakers surged on Monday following Microsoft's announcement of an $80 billion investment in AI-enabled data centers by fiscal 2025, Reuters reports. This move has fueled optimism about continued strong demand for semiconductors. Micron, a leading memory chip manufacturer, experienced the most significant gains, with a 10.
AI Chatbots Drive Online Sales Surge During US Holiday Season: Salesforce

AI Chatbots Drive Online Sales Surge During US Holiday Season: Salesforce

How Intel Lost Its Way

How Intel Lost Its Way

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TechCrunch
Nvidia backs MetAI, a Taiwanese startup that creates AI-powered digital twins
Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and ...
TechCrunch
AWS pledges to spend $5B in Mexico, launches new Mexico server region
AWS said it plans to invest $5 billion in Mexico over the next 15 years as a part of a 'long-term commitment' to the region.
Reuters
Exclusive-Meta warns India antitrust ruling could force roll back of features, hurt business
Meta may have to "roll back or pause" some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, ...
SCMP
The AI video arms race and why Google and others are paying YouTube creators for footage
OpenAI and other firms’ need for footage to train AI video generators has content creators selling them unused footage, but there are issues.
TechCrunch
Hinge’s new AI feature determines if your prompt response is too basic
Hinge today launched a new AI-powered feature called “Prompt Feedback,” which aims to improve your dating profile by analyzing how you answer prompts and Hinge has a AI-powered feature called “Prompt ...
VentureBeat
OpenAI’s agentic era begins: ChatGPT Tasks offers job scheduling, reminders and more
OpenAI will let some users schedule task reminders on ChatGPT, a sign the company may be readying itself to release an agent.
TechCrunch
Nvidia backs MetAI, a Taiwanese startup that creates AI-powered digital twins
Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and ...
TechCrunch
OpenAI quietly revises policy doc to remove reference to ‘politically unbiased’ AI
OpenAI has quietly removed language endorsing 'politically unbiased' AI from one of its recently published policy documents.
Wired
That Sports News Story You Clicked on Could Be AI Slop
A new report, shared exclusively with WIRED, shows how an AI content mill with hundreds of sites managed to pull big-name advertisers into their schemes.
TechCrunch
Meta execs obsessed over beating OpenAI’s GPT-4 internally, court filings reveal
Executives and researchers leading Meta's AI efforts obsessed over beating OpenAI's GPT-4 model while developing Llama 3, according to internal messages ...
Bloomberg
China weighs sale of TikTok U.S. to Musk as a possible option
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations if TikTok fails to fend off a controversial ban.
The Register
Oracle open source overlord calls it quits, leaves with big ol' pile of shares
In 2023, Screven and colleagues claimed IBM/Red Hat was trying to kill open source competition among Linux distributions to boost its bottom line, and pledged to keep distributing Oracle Linux source ...
CRN
Microsoft Red Teaming Leader Says AI Threats Novel, But Solvable
Microsoft AI Red Team has lessons and case studies for MSSPs and cybersecurity professionals to heed around artificial intelligence, machine learning, LLMs.
VentureBeat
Hallucinations in AI: How GSK is addressing a critical problem in drug development
Hallucinations are a persistent problem in healthcare. Here's how GSK is using test-time compute scaling to improve its gen AI systems.
The Verge
Netflix’s new animated Witcher spinoff movie sets sail this February
Though the fourth season of Netflix’s live-action Witcher series still doesn’t have a concrete release date, Netflix has finally announced when we’ll see yet another animated take on Geralt of Rivia.

AI

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Netherlands Secures Nvidia Partnership for Potential AI Supercomputer

The Dutch government has reached an agreement with Nvidia to secure hardware and technological expertise for a planned artificial intelligence (AI) supercomputer facility, Reuters reports. This move aims to bolster the Netherlands' position in AI research and development, aligning with broader European Union initiatives to strengthen Europe's

Nvidia CEO's 20-Year Quantum Computing Timeline Slams Quantum Computing Stocks

Quantum computing stocks took a hit Wednesday, Reuters reports, after Nvidia CEO Jensen Huang predicted the technology is still two decades away from practical use. This statement contrasts with the significant gains these stocks have seen over the past year, fueled by a high-profile breakthrough in the technology at Google

Malaysia Aims to Become Energy and Chip-Making Hub

Malaysian Prime Minister Anwar Ibrahim announced Malaysia's ambition to become a regional hub for energy and chip manufacturing, Reuters reports. The country is leveraging its strategic location and recent economic growth to attract investment and diversify supply chains. Prime Minister Anwar attributed Malaysia's economic rebound to

TSMC's Wafer Prices Soar: Apple Pays $18,000 for 3nm Chips

The cost of producing Apple's A-series chips has skyrocketed, with TSMC now charging $18,000 for a 3nm wafer, more than triple the price of a 28nm wafer a decade ago, reports Tom's Hardware, citing industry analyst Ben Bajarin. This price hike reflects the significant advancements

Software

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Apple Intervenes in DOJ Antitrust Suit Against Google Over Search Revenue

Apple Intervenes in DOJ Antitrust Suit Against Google Over Search Revenue

Apple has asked to participate in the US Department of Justice's antitrust trial against Google, arguing that it cannot rely on Google to adequately defend revenue-sharing agreements that generate billions of dollars annually for Apple, as reported by Reuters. The DOJ lawsuit, a landmark case potentially reshaping online

Salesforce Poaches Pharma Clients from Veeva, Signaling Industry Battle

Salesforce is aggressively pursuing the pharmaceutical industry, aiming to disrupt Veeva Systems' dominance in customer relationship management (CRM) software, reports Bloomberg. The move comes after Veeva, a former partner, ended a long-standing non-aggression agreement, opening the door for Salesforce to compete directly. Salesforce executive vice president Jeff Amann revealed
Microsoft Diversifies Microsoft 365 Copilot AI Power Beyond OpenAI

Microsoft Diversifies Microsoft 365 Copilot AI Power Beyond OpenAI

Microsoft is diversifying the AI models behind its Microsoft 365 Copilot, incorporating internal and third-party options to reduce its reliance on OpenAI, Reuters reported on Monday, citing sources familiar with the matter. The move is intended to manage costs and improve speed for enterprise users. This move signifies a shift

Meta Doubles Down on AI, Betting Big on Generative AI and Enterprise Software

Meta, under the leadership of Mark Zuckerberg, is aggressively pursuing an AI-first strategy, investing billions of dollars in research and development to integrate AI into its core products and services, as reported by CNBC. This strategic shift, announced in April 2024, initially caused a dip in Meta's stock

Consumer

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Meta Ditches Fact-Checkers, Embracing User-Generated Verification

Meta's decision to eliminate its third-party fact-checking program and replace it with a user-generated system, similar to Twitter's new approach, has raised eyebrows and sparked speculation about the company's motives, The Hill reports. The move comes as President-elect Donald Trump prepares to return to

Russian Court Fines TikTok for Legal Violations

A Russian court has fined TikTok three million rubles (approximately $28,900) for violating Russian legal restrictions on information dissemination, as reported by Reuters. The Moscow courts' press service confirmed the fine on Tuesday, but did not specify the nature of TikTok's violations. The court's

Lyft Sues San Francisco, Claiming $100 Million Tax Overcharge

Ride-hailing giant Lyft has filed a lawsuit against San Francisco, alleging the city overcharged the company $100 million in taxes over a five-year period. The suit, filed in California Superior Court, claims San Francisco mischaracterized driver compensation as company revenue when calculating tax obligations. Lyft argues that San Francisco'

Taiwan Blocks Uber's $950 Million Foodpanda Acquisition

Uber Technologies Inc.'s plan to acquire Delivery Hero SE's Foodpanda business in Taiwan for $950 million has been blocked by Taiwan's Fair Trade Commission (FTC), reports Bloomberg. The FTC, citing concerns about reduced competition in the food delivery market, rejected the deal on Wednesday.

Cloud

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AWS Invests $11 Billion in Georgia to Fuel AI and Cloud Growth

Amazon Web Services (AWS) plans to invest $11 billion in Georgia, creating hundreds of high-skill jobs and solidifying the state's position as a technology hub. The investment will support the construction of data centers in Butts and Douglas counties, AWS announced yesterday. The move, driven by the increasing

India's Data Center Capacity to Double in Next Three Years: CRISIL

India's data center capacity is poised for significant growth, more than doubling in the next three years, as reported by The Week, citing a CRISIL research. This surge is driven by soaring data consumption fueled by consumer demand and substantial industry investments in cloud and storage infrastructure. Currently

ClearBank Expands Reach by Joining Microsoft Azure Marketplace

ClearBank has announced that its cloud-native banking solutions and payment infrastructure are now available on the Microsoft Azure Marketplace, according to Yahoo Finance. This move will allow all Azure customers to access ClearBank's services, representing a significant growth opportunity for the company. "This latest move further strengthens

AWS Shake-Up: Top Executive Departures Mark a Year of Transition

Amazon Web Services (AWS), the dominant force in cloud computing, experienced a significant executive turnover in 2024, according to CRN. Despite recording record revenue and profitability, the company saw the departure of several key figures, including former CEO Adam Selipsky and veteran AI innovator Matt Wood. AWS, currently commanding 31

E-commerce

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Mexico Raises Tariffs on Goods from China, Targeting Shein and Temu

Mexico's tax authority, SAT, has implemented new tariffs that could significantly impact popular online retailers like Shein and Temu, as reported by Reuters. The new measures, effective January 1, aim to strengthen surveillance of goods from Asia and combat "abusive practices" related to tax evasion. The

Alibaba and E-Mart Team Up for $4 Billion Korean E-Commerce Joint Venture

Alibaba Group Holding Ltd. is merging its South Korean operations with E-Mart Inc.'s e-commerce platform in a joint venture valued at approximately $4 billion, according to a stock exchange filing by E-Mart and a report by Bloomberg. The 50-50 joint venture, combining AliExpress International and Gmarket, aims to

Ant Group Splits Alipay into Two Units in Latest Restructuring Move

Ant Group, the fintech giant affiliated with Alibaba Group Holding, is splitting the business group of its mobile payment platform Alipay into two units, in its latest corporate restructuring move aimed at driving new growth, according to the South China Morning Post. The company will establish the Digital Payment Business

Amazon Crackdown: Chinese Sellers Banned from Undercutting on Temu

Amazon has instructed some Chinese cross-border merchants to cease offering their products at lower prices on rival platform Temu, according to multiple sellers cited by the South China Morning Post. This move comes amidst escalating competition from Temu, a budget retailer owned by Chinese e-commerce giant PDD Holdings. Sellers indicate

Venture

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Generative AI Funding Soars to Record $56 Billion in 2024

Venture capital investments in generative AI reached unprecedented levels in 2024, with global startups raising $56 billion across 885 deals, TechCrunch reports, citing data from financial tracker PitchBook. This figure represents a record for the sector, marking a 192% increase from the $29.1 billion raised across 691 deals in

Ant Group Splits Alipay into Two Units in Latest Restructuring Move

Ant Group, the fintech giant affiliated with Alibaba Group Holding, is splitting the business group of its mobile payment platform Alipay into two units, in its latest corporate restructuring move aimed at driving new growth, according to the South China Morning Post. The company will establish the Digital Payment Business

Europe's AI Boom: 25% of VC Funding Flows to AI Startups

European AI startups are experiencing a surge in funding, attracting a significant portion of venture capital investment in the region despite overall flat venture funding, according to a report by TechCrunch, citing data from VC firm Balderton Capital and Dealroom. This year, AI startups secured 25% of Europe's

Ex-Twitch CEO Emmett Shear Launches AI Startup Backed by a16z

Emmett Shear, former CEO of Twitch, is venturing into the world of artificial intelligence with a new stealth startup called Stem AI, reports TechCrunch. Public documents reveal that the company was incorporated in June 2023 and filed for a trademark in August of the same year. Shear is listed as