DMR News

Advancing Digital Conversations

Business

  • Home
  • Groq Seeks $650 Million To Expand Inference Neocloud Using Homegrown AI Chips

Groq Seeks $650 Million To Expand Inference Neocloud Using Homegrown AI Chips

Groq is raising $650 million from existing investors to grow its inference neocloud business, which uses its homegrown AI chip and systems to host inference-heavy applications for developers and enterprises.…

Chinese Carmakers Take Lead As Foreign Brands Lose Ground In EVs Software And Batteries

Chinese automakers are pulling ahead in electric vehicles, batteries, design, and software, forcing US, European and Japanese manufacturers to rethink partnerships and production strategies. Factory visits in Beijing and Hefei…

California Attorney General Says He Will Sue Chrome Holding Over 23andMe Data Breach

California Attorney General Rob Bonta announced plans to sue Chrome Holding, alleging the company’s predecessor, 23andMe, failed to protect customer genetic data in a 2023 breach that exposed sensitive information…

Google Engineer Charged With Insider Trading After Polymarket Bets

A federal prosecutor in New York charged Google engineer Michele Spagnuolo with using early access to internal Google information to place cryptocurrency bets on Polymarket that returned about $1.2 million…

BMW Deploys Humanoid Aeon Robots In European Car Production

BMW will introduce two humanoid Aeon robots from Hexagon Robotics into production at its Leipzig factory this summer after a test deployment, marking the first use of humanoid robots for…

Blue Origin Rocket Explodes During Florida Hotfire Test

Blue Origin said a rocket experienced an anomaly and exploded during a hotfire test at Cape Canaveral, with footage showing the vehicle erupting into a large fireball while emergency teams…

Canada Agrees To 20‑Year LNG Deal With Germany From Ksi Lisims Project

Canada and Germany agreed to a long-term contract that will deliver one million tonnes per year of liquefied natural gas from the proposed Ksi Lisims project in British Columbia to…

Phillips Distilling Moves Sour Puss Production To Canada After Provincial Boycott

Phillips Distilling shifted some production of its Sour Puss liqueur to Canada after provincial bans on U.S. liquor cut its Canadian sales by about 70 percent. The company said moving…

Volvo Secures U.S. Exemption For Vehicles With Chinese Connected Tech

The U.S. Department of Commerce granted Volvo Cars a specific authorization to continue importing and selling vehicles that include Chinese-connected car technology, exempting the automaker from recent U.S. restrictions. The…

UK Visa Portal Exposed Thousands Of Passports And Selfies

The third-party site UK Visa Portal publicly exposed thousands of passport images and selfie photos uploaded by applicants, a security lapse that TechCrunch says affected at least 100,000 documents before…

CEOs Are Overestimating AI’s Immediate Impact, Says Aaron Levie

Box founder Aaron Levie argued that many CEOs overestimate what AI agents can do because they are removed from the “last mile” of work that generates most value. Levie said…

SOND Launches Dreambuds Earbuds That Actively Intervene To Improve Sleep

The Boston startup SOND emerged from stealth with $7 million in funding and introduced Dreambuds, an in-ear system that captures 12 physiological signals and uses a cloud-based AI sleep coach…

FAA Orders Investigation After SpaceX Starship Booster Mishap

The Federal Aviation Administration has declared SpaceX’s May 22 Starship Flight 12 a mishap and ordered a SpaceX-led investigation that the FAA will oversee and approve, pausing further Starship test…

Shadow Brokers leak still stands as one of cybersecurity’s biggest unsolved mysteries

The Shadow Brokers, an unidentified group that appeared in 2016 and released hacking tools believed to come from the NSA, remain unmasked ten years later. Their dump helped expose powerful…

Report says Iranian-backed hackers were behind LACMTA breach

Security researchers say a March breach of the Los Angeles transit system was carried out by hackers linked to Iran’s Ministry of Intelligence and State Security, according to a report…

UMG and TikTok renew deal to remove unauthorized AI music

Universal Music Group and TikTok have renewed their licensing agreement with a new commitment to remove unauthorized AI-generated music and improve artist and songwriter attribution. The agreement marks a shift…

ClickUp lays off 22% as CEO says AI will drive a “100x org”

ClickUp laid off 22% of its workforce while CEO Zeb Evans said the collaboration software company is embracing AI agents to raise productivity and reshape pay, not simply cut costs.…

BP removes chairman Albert Manifold over governance concerns

BP has removed chairman Albert Manifold with immediate effect after serious concerns over governance standards, oversight and conduct, with the BBC understanding that bullying and overbearing behaviour were among the…

Pope Leo XIV calls for AI oversight in first encyclical

Pope Leo XIV’s first encyclical, Magnifica Humanitas, warns that artificial intelligence is intensifying older problems such as inequality, war, democratic erosion, and concentrated power. The document argues that AI must be…

Indian farmers turn to custard apple exports as demand rises

Ashoka Shivareddy and other farmers in India are expanding custard apple production and exports by using hardier varieties, better post-harvest handling, and cold-chain logistics to turn a drought-tolerant crop into…