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Elon Musk's xAI aims to raise $6 billion in fundraising round
Apr 26,2024
,xAI, Elon Musk's challenger to OpenAI, is amid a substantial fundraising round. According to sources familiar with the deal, it aims to raise$6 billion on an$18 billion valuation. Originally planned at$3 billion on a$15 billion valuation, the increa...
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Google and Microsoft impress investors with AI growth
Apr 26,2024
,Microsoft Corp. and Google owner Alphabet Inc. impressed investors surpassing Wall Street expectations with robust quarterly results driven by AI and cloud computing. The surge in cloud revenue, fueled partly by the increasing use of AI services, pr...
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Taiwan now houses Google's largest hardware R&D center outside the US
Apr 26,2024
,President Tsai Ing-wen recently inaugurated Google's second R&D office in Taiwan. Google is intensifying its commitment to its device ecosystem by expanding its hardware R&D hub in Taiwan. The company already has data centers on the island a...
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Malaysia's new initiatives to boost its tech hub status
Apr 23,2024
,Malaysia has kicked off a new initiative to establish itself as a hub for top-tier entrepreneurs and skilled professionals. This involves rolling out a fresh series of visas, including the "unicorn golden pass", which aims to draw in world-renowned ...
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UK union proposes bill to protect workers from AI risks
Apr 19,2024
The Trade Union Congress (TUC) in the UK has proposed a bill to safeguard workers from the potential risks posed by AI-powered decision-making in the workplace. The government has maintained a relatively light-touch approach to regulating AI, preferr...
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Canada moves forward with digital services tax despite international delays
Apr 17,2024
Canada plans to introduce a digital services tax on major tech companies, such as Google and Amazon, to address the challenge of taxing profits booked in low-tax countries. According to the federal budget released on Tuesday, this decision is expecte...
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Intel develops reduced-capability AI chips for China amid US export controls
Apr 17,2024
Intel is set to launch two specialised AI chips, HL-328 and HL-388, tailored specifically for the Chinese market in June and September, respectively. These chips are developed in compliance with US export controls and sanctions. The announcement, det...
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Israeli startup Bridgewise raises $21 million for AI investment research
Apr 16,2024
Bridgewise, a Tel Aviv-based startup harnessing AI for investment research, has secured$21 million in funding amidst a surge in technology adoption within the finance industry. Founded in 2019, the company employs machine-learning algorithms trained ...
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Microsoft teams up with G42 in bid to ditch China
Apr 16,2024
Microsoft Corporation is set to inject$1.5 billion into G42, a leading AI firm based in the UAE, following intricate negotiations with the US government. G42's agreement to sever ties with China and embrace American technology underpins this landmark...
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Mastercard and Onafriq to support SMEs with pan-African mobile payments
Apr 16,2024
Mastercard and Onafriq have unveiled a collaborative effort to enhance access to mobile payment services for consumers and small and medium enterprises (SMEs) throughout Africa. The partnership seeks to introduce secure, cost-effective, and innovativ...
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US grants Samsung $6.4 billion for Texas chip production
Apr 15,2024
The Biden administration has announced a significant investment of up to$6.4 billion in grants for Samsung to expand chip production in central Texas as part of efforts to strengthen domestic semiconductor manufacturing. This funding, allocated under...
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The Belgrade Crypto conference 2024: Serbia and the cryptocurrency market
Apr 15,2024
The Belgrade Crypto conference, held on Friday, 12 April 2024, by one of the two registered cryptocurrency exchange offices in Serbia, CRYPTO12, shed light on the current cryptocurrency regulation and industry in Serbia. The conference brought togeth...
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