Author Archives
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Tariffs Imposed On China-Made EVs In The Largest EU Trade Spat To Date
In its worst trade dispute to yet, the European Union is set to apply duties of up to 37.6% on Chinese-made electric car imports starting on Friday, according to EU officials. This move is certain to escalate tensions with Beijing…. Read More ›
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A Research Firm Claims Japan Would Lack Almost A Million Foreign Workers By 2040
An estimate from a state-backed think group on Thursday revealed that if the government intends to meet its targets for economic development as the country’s population declines, Japan would need about a million foreign workers by 2040. The Japan International… Read More ›
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Research Shows AI Deals Increase US Venture Capital Financing To Its Greatest Level In Two Years
According to PitchBook figures released on Wednesday, U.S. venture capital financing increased to $55.6 billion in the second quarter, the largest quarterly amount in the previous two years. The most recent data indicates a 47% increase from the $37.8 billion… Read More ›
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India Asks Utilities Companies Place Orders Worth $33 Billion In 2024 For Equipment To Increase Coal Power Output
As the South Asian country struggles to satisfy the rising demand for energy, India has requested power providers to acquire equipment worth $33 billion this year in order to expedite capacity increases of coal-fired power in the years ahead, according… Read More ›
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Microsoft And OpenAI, Google And Samsung’s AI Deals Are Under EU Scrutiny
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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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