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Chinese businesses are the biggest adopters of generative AI, report says
Jul 10,2024
A new survey reveals that China is at the forefront of adopting generative AI (GenAI), the technology that can generate images, text and video in response to prompts. Conducted by AI and analytics software company SAS and Coleman Parkes Research, it ...
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USA invests $1.6 billion in chip packaging to compete with China
Jul 10,2024
The Biden administration announced a plan to allocate up to$1.6 billion to advance technology for packaging computer chips, a crucial step to maintain the US edge over China in fields like AI. The funding, authorised under the 2022 CHIPS Act, aims to...
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EU's AI Act influences New Zealand's digital strategy
Jul 10,2024
As governments worldwide grapple with AI regulation and digital identity strategies, many are looking to the EU for guidance. In New Zealand, the EU's AI Act and EUDI wallet program serve as valuable models. Dr Nessa Lynch, an expert on emerging tech...
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OpenAI and Arianna Huffington fund AI health coach development
Jul 10,2024
OpenAI and Arianna Huffington are teaming up to fund the development of an AI health coach through Thrive AI Health, aiming to personalise health guidance using scientific data and personal health metrics shared by users. The initiative, detailed in ...
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Driverless taxis gain traction in Wuhan amid controversy and competition
Jul 10,2024
Baidu's driverless taxi service, Apollo Go, has quickly become popular in Wuhan, China, since its launch in August 2022, despite complaints from locals and taxi drivers. The service, operated by Baidu's autonomous driving unit, has amassed a fleet of...
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Musk's xAI and Oracle halt $10 billion server deal talks
Jul 10,2024
Elon Musk's AI startup xAI and Oracle have ended discussions on a potential$10 billion server deal. The talks aimed to expand an existing agreement where xAI rents Nvidia AI chips from Oracle. Musk stated that xAI would build a system independently u...
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Basel Committee of banking regulators proposes principles to reduce risk from third-party tech firms
Jul 10,2024
The Basel Committee of banking regulators, consisting of regulators from the G20 and other nations, proposed 12 principles for banks and emphasised that the board of directors holds ultimate responsibility for overseeing third-party arrangements and ...
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Alipay launches tap-and-pay feature in China
Jul 10,2024
Alipay, China's leading mobile payment service, has introduced a new tap-and-pay feature to simplify the checkout process for merchants and enhance user experience on Android and iPhone devices. The Ant Group-operated service, recognised for populari...
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UK debates digital ID vs national ID cards
Jul 09,2024
Tony Blair, former UK Prime Minister, is advocating for digital identity as a solution to manage irregular migration, a pressing issue in the recent UK elections. In a piece for The Times addressed to Prime Minister Keir Starmer, Blair proposes lever...
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AI stocks surge prompts profit-taking advice
Jul 09,2024
According to strategists at Citigroup Inc., investors are being advised to consider cashing in on the recent surge in AI stocks. The analysis highlights strong investor sentiment towards AI-exposed equities, reminiscent of levels seen in 2019. Drew P...
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Chip boom propels TSMC into top tech giants
Jul 09,2024
The recent surge of Taiwanese chip giant TSMC into the ranks of the world's most valuable companies underscores the significant impact of the generative AI revolution on Wall Street. TSMC briefly surpassed the$1 trillion market capitalisation mark, s...
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Japanese and US firms form semiconductor consortium in Silicon Valley
Jul 09,2024
Resonac Holdings Corp., a prominent Japanese chip material maker, announced plans to establish a US-JOINT consortium alongside nine other Japanese and US firms. The initiative, headquartered in Silicon Valley, aims to advance semiconductor technologi...
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