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

Artificial intelligence (AI) played a significant role in boosting online sales during the recent holiday season, Reuters reports, citing a report by Salesforce. The software company's analysis of data from 1.6 trillion page views on its platform reveals that AI-powered chatbots helped drive a nearly 4% year-over-year
AI Chatbots Drive Online Sales Surge During US Holiday Season: Salesforce

How Intel Lost Its Way

In 1988, Intel's then-CEO Andy Grove published a book titled "Only the Paranoid Survive," urging companies to adapt to market shifts and disrupt even their own successful models. The book became a business classic, a gospel of sorts in Silicon Valley. Ironically, Intel, once the undisputed
How Intel Lost Its Way

AI Could Stop Aging by 2032, Kurzweil Predicts

Famed futurist Ray Kurzweil, known for his bold predictions about artificial intelligence, believes AI will soon enable humans to effectively stop aging, Nikkei Asia reports. In an interview, Kurzweil told Nikkei that AI will become so advanced that it will be able to reverse the aging process, potentially extending human

Foxconn Beats Estimates on AI Demand

Taiwan's Foxconn, the world's largest contract electronics maker, exceeded expectations in the fourth quarter, achieving record revenue driven by strong demand for artificial intelligence (AI) servers, Reuters reports. Revenue surged 15.2% year-on-year to T$2.13 trillion (approximately $64.72 billion), surpassing the anticipated T$

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

Microsoft to Invest $80 Billion in AI Data Centers in Fiscal 2025

An $80 billion investment in data centers is planned by Microsoft for fiscal 2025, Reuters reported, citing a blog post. This massive investment will support the development of AI, specifically for training AI models and deploying related cloud applications, demonstrating the escalating need for computational resources in the AI field.

SenseTime Downsizes Singapore Office Amidst AI Competition

SenseTime Group Inc., a leading Chinese AI company, is scaling back its operations in Singapore, signaling a retreat from ambitious expansion plans, according to information shared by sources to Bloomberg.The company is moving from a large office in a prime downtown location to a smaller office in a less

IBM and GlobalFoundries Settle Lawsuits Over Contract and Trade Secrets

GlobalFoundries and IBM have reached a confidential settlement in their dueling lawsuits over allegations of contract breaches and trade secret misappropriation, the companies announced in a joint statement Thursday. The settlement will allow the companies to "explore new opportunities for collaboration," as reported by Reuters. The lawsuits stemmed

Apple to Pay $95 Million to Settle Siri Privacy Lawsuit

Apple has agreed to pay $95 million to settle a class-action lawsuit alleging that its Siri voice assistant violated users' privacy, as reported by Reuters. The preliminary settlement, filed Tuesday in a California federal court, is subject to approval by US District Judge Jeffrey White. The lawsuit, brought by

Nvidia's AI Boom Forces Ibiden to Boost Production

Ibiden Co., the leading supplier of chip package substrates for Nvidia's advanced semiconductors, may need to significantly accelerate its production capacity expansion to keep pace with soaring demand, according to comments from CEO Koji Kawashima to Bloomberg. Kawashima highlighted the robust sales of Ibiden's AI-focused substrates,