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Tech giants clash over California AI legislation
Jul 02,2024
California lawmakers are poised to vote on groundbreaking legislation aimed at regulating AI to prevent potential catastrophic risks, such as manipulating the state's electric grid or aiding in the creation of chemical weapons. Spearheaded by Democra...
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Humanoid robot to enhance railway maintenance by JR West
Jul 02,2024
West Japan Railway Co. (JR West) has announced plans to deploy a humanoid robot to undertake maintenance tasks along its railway tracks in the Kyoto-Osaka-Kobe region starting this July. The move aims to enhance efficiency and safety by delegating ha...
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Nvidia faces French antitrust charges over competition concerns
Jul 02,2024
Nvidia is facing potential charges from the French antitrust regulator over allegations of anti-competitive behaviour, marking an enforcement agency's first action against the chip giant. The scrutiny follows raids conducted last September in the gra...
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Connecticut launches AI Academy to boost tech skills
Jul 02,2024
Connecticut is spearheading efforts by developing what could be the nation's first Citizens AI Academy. The free online resource aims to offer classes for learning basic AI skills and obtaining employment certificates. Democratic Senator James Marone...
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Microsoft restructures China retail strategy
Jul 02,2024
Microsoft is restructuring its retail strategy in mainland China, consolidating its retail channels amid reports of closing its network of authorised physical retailers. The tech giant did not confirm the closures or specify the number of stores affe...
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AI-driven stock surge sparks dotcom bubble fears
Jul 02,2024
The surge in US stock prices, driven by enthusiasm for AI, draws comparisons to the dot-com bubble two decades ago, sparking concerns over inflated valuations. The S&P 500 has reached new records, climbing more than 50% from its October 2022 low,...
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Amazon boosts AI strategy by acquiring Adept co-founders and key team members
Jul 01,2024
Amazon has recently hired the co-founders and several team members from AI startup Adept in a strategic move to bolster its AI capabilities. Adept's CEO David Luan and other key employees have joined Amazon. At the same time, the startup will continu...
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Alibaba Cloud to close data centres in Australia and India
Jul 01,2024
Alibaba Cloud has decided to close down its data centre operations in Australia and India, which marks a strategic shift in its global infrastructure strategy. Despite previous assurances of continuity, the Chinese cloud giant confirmed the closure p...
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The rise of AI in financial services: balancing opportunities and challenges
Jun 28,2024
According to industry executives, AI is increasingly seen as a game-changer in the financial services sector, offering significant opportunities for efficiency and client service enhancements. At a recent investor conference hosted by Morningstar in ...
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IMF report highlights Nigeria's AI infrastructure challenges
Jun 28,2024
A new International Monetary Fund (IMF) report reveals that Nigeria and several other developing nations need more digital infrastructure to effectively deploy AI. The shortfall persists despite Nigeria's recent launch of its first Multilingual Large...
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Infosys advances with over 225 AI programs for clients
Jun 28,2024
Infosys is intensifying efforts in generative AI (GenAI) with over 225 programs aimed at client AI strategies, emphasising the role of talent in complex transformations. Chairman Nandan Nilekani highlighted the gradual adoption of enterprise AI compa...
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Amazon's Metis AI chatbot challenges ChatGPT
Jun 28,2024
Amazon is set to unveil its own AI chatbot, named 'Metis', following reports from Business Insider about the project's development. Similar to OpenAI's ChatGPT, Metis will operate via web browsers, offering conversational text responses, source links...
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