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ARTIFICIAL INTELLIGENCE RACE
EU to crack down on AI deepfakes, illicit imagery and hacking with new team in BrusselsThe European Union has launched a new team to regulate AI companies worldwide. This initiative aims to track AI model usage for violations ...
Buy, scan, destroy: AI firms are shredding millions of books to train their chatbotsAI companies are buying, cutting apart and scanning millions of physical books to train chatbots, according to a Washington Post report bas...
China emerging as long-term AI winner despite semiconductor market volatility: JefferiesChina leads the artificial intelligence race, particularly in consumer markets. Global semiconductor stocks face volatility, nearing 200-da...
Microsoft shares surge 16% as AI cloud bet starts showing up in numbersMicrosoft shares surged 16% after stronger-than-expected guidance, robust Azure cloud growth and rising Microsoft 365 Copilot adoption ease...
Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...
US House Democrat asks Musk to answer for polluting xAI data centersA US Representative has requested documents from Elon Musk concerning his AI data centers. He seeks information on turbines, emissions, and...
CXMT's 466% listing pop makes it China's most valuable firmCXMT Corp shares surged 466 percent on their Shanghai trading debut. This IPO became Asia's largest this year, boosting the chipmaker's val...
Most billionaires escape work on a superyacht. Google's Sergey Brin built a $450 million one with a giant office, a business deck and helicopter hangarGoogle co-founder Sergey Brin owns a $450 million superyacht named Dragonfly. This impressive vessel features a dedicated business deck wit...
Alphabet's quarterly earnings beat Wall Street estimates, but here's what is spooking investorsAlphabet announced strong second-quarter earnings, but its shares declined significantly. The company plans to substantially increase its c...
Anthropic mulls mandatory employee stock trading plans after IPO, The Information reportsAnthropic may require employees to sell stock via preset trading plans after its public debut. These plans aim to prevent insider trading c...
AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chipsAMD has been seeking to expand its foothold in the fast-growing AI chip market as developers look to diversify beyond Nvidia, while Anthrop...
AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chipsAMD plans to invest up to $5 billion in Anthropic, alongside a major AI chip supply deal starting 2027. The move strengthens AMD’s position...
Robot AI company Noetra is 'last chance' for Japan, CEO saysJapan's Noetra company is developing foundational AI and robotics technology. This government-backed venture aims for greater domestic tech...
Data centre component maker Zhongji InnoLight seeks $7 billion in Hong Kong listingThe listing, expected to take place on July 30, is the latest in a recent run of blockbuster debuts from Chinese AI-related companies in Ho...
Tesla expands robotaxi service to Orlando, Tampa ahead of earningsTesla has expanded its robotaxi service to Orlando and Tampa this week. This move aims to prove the company can scale its autonomous ride-h...
Apple unseats Nvidia to become world's most valuable company as AI bets shiftIn a remarkable turn of events, Apple has dethroned Nvidia to reclaim its status as the world's most valuable company. This change undersco...
Who is Uday Ruddarraju? Indian-origin techie who left Elon Musk’s xAI to power OpenAI’s next big pushUday Ruddarraju (Google Trends): Uday Ruddarraju now leads OpenAI's compute infrastructure as Chief Technology Officer. He previously worke...
Pocket-size AI: Powerful phones star at China showTech firms are developing AI agent smartphones that could revolutionize mobile use. These advanced phones aim to perform tasks using voice ...
Apple unseats Nvidia to become world's most valuable company as AI bets shiftApple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, following a 3.5% decline. Th...
AI-boom fuels 'K' shaped global economic growth: Moody's AnalyticsThe global economy shows K-shaped growth as artificial intelligence advances some sectors. Moody's Analytics predicts a slowdown to 2.5 per...