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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,

Musk's X, Google's YouTube Miss Malaysia's Social Media License Deadline

Elon Musk's X and Alphabet Inc.'s Google, which operates YouTube, have not yet applied for social media operating licenses in Malaysia under a new law that came into effect on Wednesday, as reported by Bloomberg, citing information released by the Malaysian Communications and Multimedia Commission (MCMC)

India Delays UPI Market Share Caps, Extending Lifeline to PhonePe and Google Pay

India has delayed the implementation of market share caps for its popular unified payments interface (UPI) by two years, a move that will benefit Google Pay and Walmart-backed PhonePe, as reported by Reuters. The decision, announced Tuesday by the National Payments Corporation of India (NPCI), pushes back the original December