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GM Abandons Robotaxi Development at Cruise

General Motors (GM) announced on Tuesday that it is ceasing development of robotaxis at its Cruise subsidiary, marking a significant setback for the automaker's autonomous vehicle ambitions, reports Reuters. The decision, attributed to the substantial time and resources required to scale the business and the increasing competitiveness of

Google Claims Quantum Leap, Solves Septillion-Year Task in Minutes

Google claims its new quantum chip, "Willow," has achieved a groundbreaking feat, performing a calculation in just five minutes that would take the world's most powerful supercomputers ten septillion years. In a Bloomberg interview, Hartmut Neven, VP of Engineering at Google and founder of Quantum Artificial

TikTok Ban Looms

TikTok is one step closer to a potential nationwide ban in the United States, setting the stage for a high-stakes legal and political battle. In April, President Joe Biden signed bipartisan legislation that could effectively shut down the social media app in the U.S. unless its Chinese parent company,
TikTok Ban Looms

Waymo Expands Robotaxi Service to Miami

Waymo, the Alphabet-owned autonomous vehicle company, announced Thursday that it will launch its robotaxi service in Miami, Florida, marking a significant expansion of its operations, reports CNBC. This will be Waymo's fourth major metropolitan area launch, following Phoenix, San Francisco, and Los Angeles. The company will initially deploy

ByteDance's Doubao Chatbot Rockets to Global No. 2

ByteDance's AI chatbot, Doubao, has surged to become the second most widely used AI application globally, fueled by the rapid integration of generative AI into daily life in China, reports Nikkei Asia. The app, launched in June 2023, offers conversational and advisory services through diverse virtual avatars, catering

Elon Musk's xAI Secures $6 Billion in Funding

Elon Musk's artificial intelligence startup, xAI, has completed a massive $6 billion funding round, Bloomberg reports, citing a regulatory filing with the US Securities and Exchange Commission. The funding round, which involved 97 investors, comes after months of negotiations and reportedly values the company at over $40 billion.

Adobe Names Lara Balazs as New Chief Marketing Officer

Adobe has appointed Lara Balazs as its new Chief Marketing Officer (CMO) and Executive Vice President, Global Marketing, reporting directly to CEO Shantanu Narayen, the company announced on Monday. Balazs joins Adobe from Intuit, where she served as CMO and General Manager of the Strategic Partner Group. "We’re

GitLab and AWS Team Up to Integrate AI Agents into Developer Workflow

GitLab and Amazon Web Services (AWS) have partnered to integrate Amazon's Q autonomous AI agents into GitLab's Duo AI assistant, aiming to boost developer productivity and accelerate software innovation, reports TechCrunch. This collaboration goes beyond a simple integration, involving joint engineering efforts to seamlessly link the

Amazon and Anthropic Team Up to Build World's Largest AI Supercomputer

Amazon is collaborating with Anthropic, a leading AI company, to construct one of the world's most powerful AI supercomputers, according to a report by WIRED. This mega-project, codenamed "Project Rainer," will be five times larger than the cluster used to build Anthropic's current most

Salesforce's $344 Million Zoomin Acquisition Highlights Shift in Dealmaking Strategy

Salesforce Inc. acquired data management startup Zoomin Software Ltd. for $344 million last month, reports Bloomberg. This acquisition underscores Salesforce's shift towards a more measured approach to mergers and acquisitions. The $344 million price tag reflects the purchase of outstanding Zoomin shares. Salesforce had already held a minority