Regulators have singled out Microsoft and OpenAI’s exclusive provisions, prompting the possibility of an EU antitrust inquiry into their cooperation. Google’s artificial intelligence agreement with Samsung has also drawn attention. Additional third-party perspectives will be sought by EU antitrust regulators,… Read More ›
Month: June 2024
OpenAI, And Time Establish A Multiyear Content Contract
The firms announced on Thursday that Time magazine and OpenAI have inked a multi-year content agreement that would provide the ChatGPT creator access to Time magazine’s news archive. The firms stated in a statement that the chatbot will cite and… Read More ›
Centre for Investigative Reporting sues Microsoft and OpenAI as the news industry intensifies its fight on AI
The news business has a new and strong friend in the fight against OpenAI. The nation’s oldest nonprofit newsroom, the Centre for Investigative Reporting, filed a lawsuit against OpenAI and its principal sponsor, Microsoft, in federal court on Thursday, citing… Read More ›
Survey Shows IT Innovators Are Avoiding IPOs Following A Prolonged Period Of Market Stagnation
Silicon Valley is renowned for developing innovative startups that emerge from garages and grow into enormous publicly listed enterprises that are well-known worldwide. From Google and Facebook to Oracle and Microsoft, aspirational tech pioneers have become millionaires thanks to public… Read More ›
To Advance AI Efforts, Amazon Entices Cofounders From Startup Adept
Amazon.com, trying to dispel the notion that it is lagging behind rival Microsoft in the AI space, recruited away the co-founders and a portion of the staff of artificial intelligence firm Adept. In a blog post on Friday, Adept announced… Read More ›
Nike Is Planning A $100 Sneaker Range As Its Stock Plummets To An All-Time Low
According to the company’s chief financial officer, Nike will introduce new trainers priced under $100 in several regions on Thursday. This move is part of the sportswear giant’s strategy to restructure its product selection and boost sales. The advertised price… Read More ›
China Wants An EV Tariff Agreement With The EU That Benefits Both Parties
China’s commerce ministry stated on Thursday that the country is hopeful that talks with the European Union would result in a “mutually acceptable solution” over provisional tariffs on Chinese electric cars (EVs) that are set to go into effect on… Read More ›
Europe Fails To Meet Its Mineral Ambitions In The Drive To Reclaim Its Glory In Rare Earth Metals
Four decades ago, one of the biggest rare earth manufacturing facilities in the world was located on France’s Atlantic coast. It produced elements that were used to build arc lights, colour televisions, and camera lenses. After years of declining production,… Read More ›
Chinese Capital Pours Into Bonds Despite The Central Bank’s Cautions About Dangers
Treasury futures in China surged to all-time highs on Thursday, while long-dated rates just missed record lows as investors kept buying bonds despite the central bank’s constant cautions about risk. According to official figures, the assets of Chinese bond mutual… Read More ›
Following The Nvidia Deal, CEO Of Ooredoo Says U.S. Chip Restrictions In The Middle East Are “Business As Usual”
Ooredoo, a telecom company based in Qatar, said CNBC on Wednesday that it complies with all US legislation regarding its new partnership with Nvidia and would continue to have access to cutting-edge technology. Nvidia made its first significant foray into… Read More ›