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Ant Group Denies Imminent IPO Restart Despite Recent Speculation

Ant Group, the fintech affiliate of Alibaba, has poured cold water on speculation that it is preparing to relaunch its initial public offering (IPO), according to a statement released Thursday on its Weibo account. The company said it "currently has no plans to go public, and there are no

ASML, Dutch Tech Firms Pledge $230M for Eindhoven Infrastructure

A group of Dutch technology companies, including chip equipment maker ASML, will contribute approximately $230 million to a fund aimed at developing infrastructure in the Eindhoven region of the Netherlands, reports Reuters. This move aligns with "Operation Beethoven," a government initiative to invest €2.5 billion ($2.7

Sony and AMD Team Up for AI-Powered Gaming Revolution

Sony and AMD, the technology partners behind the PlayStation 5, are deepening their collaboration to develop advanced AI-powered technology for gaming, reports The Verge. This new initiative, codenamed "Project Amethyst," aims to enhance game graphics and gameplay, potentially impacting future PlayStation consoles and beyond. "We have begun

Tesla Explores Austin for Driverless Fleet Launch, as Early as Next Year

Tesla is in preliminary discussions with the city of Austin regarding the deployment of its autonomous vehicle technology, potentially bringing driverless fleets to Texas roads as early as 2024, reports Bloomberg. Emails obtained by Bloomberg through public records requests reveal that a Tesla employee has been communicating with Austin'

Putin Blames YouTube for Slowdowns in Russia

Russian President Vladimir Putin has accused Alphabet's YouTube of deliberately slowing down its video hosting service in Russia, reports Reuters. Putin, speaking on Thursday, claimed that Google, YouTube's parent company, must comply with Russian law to continue operating within the country. Critics in Russia allege that

Soaring Cloud Costs Drive Enterprises to On-Premise AI

Amidst the rapid adoption of generative AI (GenAI), rising cloud costs are prompting enterprises to consider on-premises deployments as a cost-effective alternative, reports TechTarget. While organizations have been experimenting with GenAI in the cloud for several years, escalating expenses are pushing CIOs to explore on-premises solutions, experts say. "It&

Apple in Talks with Tencent and ByteDance for China AI Integration

Apple is reportedly in discussions with Tencent and ByteDance to incorporate their artificial intelligence models into iPhones sold in China, Reuters reports. The move comes as Apple seeks to bolster its AI capabilities in the world's largest smartphone market, where its market share is facing pressure from domestic

Databricks Raises $10 Billion in Biggest US Venture Deal of 2023

Databricks, the US-based data analytics and AI company, has secured $10 billion in funding, marking the largest venture capital deal of the year in the US and valuing the company at $62 billion, reports Reuters. The mega-round was led by some of the largest and most active technology investors in

Microsoft Outspends Rivals on Massive Nvidia Chip Purchase

Microsoft has significantly outpaced its tech rivals in its acquisition of Nvidia's advanced AI chips, highlighting the company's substantial investment in artificial intelligence infrastructure, reports the Financial Times. Analysts at Omdia estimate that Microsoft purchased 485,000 of Nvidia's "Hopper" chips this

Rapidus Makes History as First Japanese Chipmaker to Receive ASML's EUV Machine

Rapidus, Japan's state-backed semiconductor company, has become the first Japanese chipmaker to receive an extreme ultraviolet (EUV) lithography machine from ASML, marking a significant step in Japan's efforts to regain its position in advanced chip manufacturing, reports Nikkei Asia. The installation of the EUV system at