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Samsung wins AI chip order from Japan
Jul 09,2024
Samsung Electronics announced securing an order from Japanese AI company Preferred Networks to manufacture chips using its advanced 2-nanometre foundry process and advanced chip packaging service. The trade exchange between the two countries marks Sa...
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Adobe India hiring for generative AI research roles
Jul 08,2024
Adobe is expanding its generative AI team in India, seeking researchers skilled in NLP, LLMs, computer vision, deep learning, and more. With approximately 7,000 employees already in India, Adobe aims to bolster its research capabilities across variou...
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Apple supplier Foxconn to invest $551 million in Vietnam
Jul 05,2024
Foxconn, the Taipei-based supplier for Apple, will invest approximately$551 million in two projects in the northern province of Quang Ninh, Vietnam. The company received a$264 million project license at Song Khoai Amata Industrial Park to produce 4.2...
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Realme teams up with Sony for AI-imaging 5G smartphone
Jul 05,2024
Realme has unveiled plans to integrate Sony's cutting-edge LYT-701 camera sensor into its upcoming 5G smartphone, marking a significant leap into AI-enhanced imaging technology. The announcement, made at a pre-launch event in Bangkok, underscores Rea...
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Streaming companies challenge Canadian rules on local news funding
Jul 05,2024
Global streaming companies are contesting new Canadian regulations requiring them to contribute to local news funding, arguing the federal government has acted without legal justification. In June, the Canadian Radio-television and Telecommunications...
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AI demand boosts Samsung profits
Jul 05,2024
Samsung Electronics reported a significant surge in its second-quarter operating profit, driven by rising semiconductor prices amid booming demand for AI. The company's operating profit is estimated to have increased more than 15-fold to 10.4 trillio...
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Baidu unveils Ernie 4.0 Turbo for enterprises
Jul 05,2024
China's leading internet search company, Baidu, has introduced the latest version of its large language model, Ernie 4.0 Turbo, to enterprise clients, Baidu Vice President Xie Guangjun announced at an event in Shanghai. The new model is priced at 30 ...
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What is CompetitionAI, a new rival of the ChatGPT for lawyers?
Jul 05,2024
CompetitionAI, launched in November 2023 by Daniel Schwarz, a competition lawyer at Clifford Chance, alongside AI engineers Jonathan Halpern and Andrew Davidson, aims to revolutionise legal research for competition law practitioners. Dubbed 'ChatGPT ...
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China's govt push boosts VC investments in AI and semiconductors
Jul 04,2024
A recent report indicates that China's major venture capital investments increasingly focus on technology sectors that are aligned with government policies, such as AI and semiconductors. Despite an overall decline in funding, China accounted for 90%...
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AI startups defy tech downturn with record-breaking investments and growth
Jul 04,2024
For the past two years, many unprofitable tech startups have faced significant challenges, leading to cost-cutting, mergers, or closures. However, startups focused on AI have been an exception, thriving amidst this broader downturn. The AI boom, whic...
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Bitcoin falls to two-month low amid US election uncertainty
Jul 04,2024
Bitcoin experienced a significant drop to a two-month low recently, driven by uncertainty surrounding the US presidential elections and the impact of supply from a defunct Tokyo-based crypto exchange. The cryptocurrency fell over 2% to$57,843, its lo...
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Amazon to discontinue Astro for Business to focus on household robotics
Jul 04,2024
Amazon announced it would discontinue its security robot, Astro for Business, designed for small and medium-sized businesses. Launched in November 2021, Astro for Business targeted various sectors, including retail, manufacturing, and health. The dec...
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