British competition regulator, the CMA, confirms it will investigate Amazon's huge investment into AI firm Anthropic
TECHNOLOGY POWERING BUSINESS
News AI
UK Needs to Chart its Own Course Towards AI legislation
There has been much speculation in the AI community recently: Will the new government announce plans for AI regulation in the King’s speech? The pressure is on, given that after more than six years of deliberation and negotiation, the ...
Musk Files New Lawsuit Against Altman, OpenAI
Elon Musk files new lawsuit against OpenAI, chief executive Sam Altman over claims company defrauded him by becoming commercial entity
Mercedes-Benz To Test Fully Autonomous Vehicles In Beijing
Mercedes-Benz Group first international company to be given permit to test Level 4 fully autonomous vehicles on Beijing roads, as Tesla waits
Google Hires Character.AI Staff, Licenses Tech
Character.AI co-founders Noam Shazeer, Daniel De Freitas to return to Google along with other researchers in latest AI 'acqui-hire'
Amazon Shares Plummet On Slowing Sales
Amazon shares sink after it reports slowing sales amidst consumer bargain-hunting and competition from China's Temu and Shein
Intel, Nvidia Stocks Slide Amidst Chip Turmoil
Intel stock price plummets most in 50 years after it announces job cuts, as Nvidia declines on report of AI antitrust probe
Apple Beats Expectations, Despite Falling iPhone Sales
Another solid quarterly financial performance from Apple, despite concerns over iPhone shipments in mainland China
Government Shelves £1.3 Billion UK Tech, AI Plan
Labour government shelves £1.3bn of funding promised by the Conservatives for tech and artificial intelligence projects
Intel To Cut 15 Percent Of Workforce, Suspends Dividend
Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments
EU Approves Hewlett Packard Enterprise’s $14bn Juniper Acquisition
European Commission approves HPE's $14 billion acquisition of Juniper Networks, leaving the UK the last remaining obstacle
Meta Posts Strong Q2 Amid Heavy AI Spending
Facebook parent Meta Platforms delivers strong Q2 financials which beats Wall Street expectations, raising its share price
AI Plans Hampered By Lack Of Skills, Governance Challenges
AI aspirations for over a third of global CIOs are threatened by a lack of skills and expertise, Expereo's IDC research finds
US To Exempt Allies From Expanded China Chip Equipment Export Rules
Biden administration reportedly will exempt certain allied countries from tougher chip equipment export rules to China
UK Investigates Alphabet Partnership With AI Firm Anthropic
British competition regulator, the CMA, to investigate Google parent Alphabet’s partnership with AI startup Anthropic
Tesla Using Full Self Driving In Crash Kills Biker, Amid Another Recall
Police confirm Tesla EV was using the “Full Self Driving” system when it hit and killed a motorcyclist near Seattle
Intel To Cut Thousands Of Jobs – Report
Another round of layoffs reportedly on the cards for staff at Intel, in an effort to rebound from earnings slump
Microsoft Expected To Report 31 Percent Azure Growth Amidst AI Pressure
Microsoft expected to report 31 percent growth in Azure cloud unit as it faces pressure from investors to justify billions spent on AI
JPMorgan Rolls Out AI Chatbot To Staff
US bank JPMorgan Chase reportedly gives asset managers access to internal AI chatbot, compares it to working with human research analyst
SK Hynix To Invest $6.8bn In Yongin Memory Chip Plant
SK Hynix to invest $6.8bn in first plant in emerging chip hub of Yongin amidst soaring demand for memory used in AI processors
Apple Signs White House AI Safeguards
Apple joins White House Voluntary AI Safeguards programme, joining 15 other major companies in agreeing to safety and transparency measures
Hollywood Video Game Performers Strike Over AI Fears
Performers for major game producers including Activision and EA go on strike after 18 months of negotiations over generative AI protections
OpenAI Tests Search Engine Prototype Called ‘SearchGPT’
Google's dominance of online search is being challenged, after OpenAI unveiled a search prototype tool called SearchGPT
Elon Musk To Discuss $5 Billion xAI Investment With Tesla Board
Conflict of interest? Elon Musk to talk with Tesla board about making $5 billion Tesla investment in his other venture, xAI
Amazon Developing Cheaper AI Chips – Report
Engineers at Amazon's chip lab in Austin, Texas, are racing ahead to develop cheaper AI chips that are faster than Nvidia's
Alphabet Q2 Beats Expectations, But Shares Dip
Despite share buyback and positive Q2 results, Alphabet's share price falls over YouTube slowdown and margin declines
Meta Releases Open Source Llama 3.1 AI Model
Release of latest AI model, Llama 405B, offers improved reasoning capabilities especially for math and coding
Extracting Value from Your Investment in AI
Unlock the full potential of your AI investments with a strategic approach. From understanding business needs and building a strong data foundation to fostering a culture of innovation and ensuring ethical practices, discover how to in ...
Wisk Plans Autonomous Air Taxi Flights By Decade’s End
Boeing-owned start-up Wisk plans autonomous eVTOL flights by end of decade as companies crowd into nascent air-taxi market
Double-Digit Growth For Google Expected Amidst AI Push
Google expected to see double-digit revenue and profit growth for second quarter amidst AI cloud enthusiasm, stronger ad sales