Samsung Set to Acquire UK-Based AI Startup Oxford Semantic in Strategic Move
Samsung Electronics announced today that it has signed an agreement to acquire Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology. Established Founders Specialization Key Technology Clients 2017…
Meta Won’t Launch Its AI Models in Europe Due to Uncertain Regulations
Meta will withhold its multimodal AI models from the EU amid regulatory uncertainty. This decision could prevent services using Meta’s AI models from being offered in Europe. Meta announced that…
UK Video Game Sales Plummet by 30% in First Half of 2024
UK video game sales have seen a substantial decline, dropping by 30% in the first half of 2024 compared to the same period in 2023. This trend aligns with a…
Elon Musk Moves X and SpaceX Headquarters to Texas Over New California LGBTQ Law
Elon Musk is relocating the headquarters of X and SpaceX from California to Texas in response to a new California law supporting LGBTQ students. Musk announced this decision following Governor…
Global Outage Triggers Sharp Decline in CrowdStrike and Microsoft Premarket Shares
On a turbulent Friday, the cybersecurity landscape was rocked by a significant outage, precipitated by an update from CrowdStrike, a leader in cloud-delivered protection against cyber breaches. This incident not…
Intel’s Investments in China Possibly Caused New US Restrictions
According to a recent report by the Financial Times, Intel Capital is one of the most active foreign investors in China’s artificial intelligence and silicon startups. Currently, Intel Capital owns…
Microsoft Reports Recovery of Cloud Services Following Outage, Yet ‘Blue Screen of Death’ Issues Persist
On a tumultuous Friday, both Microsoft and cybersecurity firm CrowdStrike experienced significant service disruptions. Microsoft announced the restoration of its cloud services, although numerous users continued to report persistent problems.…
NASA Ends VIPER Rover Due to Rising Costs
NASA has canceled the VIPER project, its first robotic lunar rover mission, due to rising costs and delays. This decision, announced on Wednesday, July 17, aims to prevent disruptions in…
Apple and NVIDIA Among Companies Using YouTube Transcripts Without Permission to Train AI Models
Apple, NVIDIA, Anthropic, and Salesforce have been found to use YouTube transcripts without permission to train their AI models, according to an investigation by Proof News. The dataset, created by…
Huma Secures $80M Funding to Revolutionize Healthcare Apps Using Generative AI
The influence of AI is expanding across various industries, including the strictly regulated healthcare sector. London-based health-tech company Huma has unveiled an AI-powered cloud platform designed to help startups create,…
OpenAI Releases GPT-4o Mini, Promising Faster and Cheaper AI
OpenAI introduced GPT-4o mini on Thursday, July 18, a new, smaller AI model designed to be cheaper and faster than previous models. Starting today, ChatGPT users on Free, Plus, and…
You Can Now Add Multiple Audio Tracks to Instagram Reels
Instagram announced a new feature allowing users to add multiple audio tracks to their Reels, available globally starting Tuesday, July 16. This update enables creators to incorporate up to 20…
Ola Electric Targets $4.5 Billion Valuation in Anticipated IPO
Ola Electric, an Indian e-scooter manufacturer backed by SoftBank, is preparing for its initial public offering (IPO). According to sources with direct knowledge of the matter, the company is expected…
Microsoft’s Hiring of Inflection Staff Faces UK Merger Probe
Microsoft’s recent hiring of employees from Inflection AI has prompted the UK’s Competition and Markets Authority (CMA) to initiate a merger investigation. This hiring includes key figures such as Mustafa…
IMOTO Unveils VISION.ev: Indonesia’s First Locally Manufactured Electric Motorcycle
Jakarta played host to the global unveiling of VISION.ev, an electric motorcycle fully designed and engineered in Indonesia. This event marks a major advancement towards sustainable transportation. The launch took…
Fisker Cleared for $46.25 Million Ocean SUV Sale
Fisker has been authorized by a bankruptcy judge to sell over 3,000 Ocean SUVs to American Lease, a vehicle leasing company, in a deal worth up to $46.25 million. This…
Rakuten Increases Target Price to RM1.23, Anticipates Growth in AI Server Demand for SNS
Rakuten Trade has affirmed its ‘buy’ rating for SNS Network Technology Bhd (KL) at 84 sen, raising the target price to RM1.23 from 54 sen. This upgrade reflects a revised…
TSMC Surpasses Second-Quarter Profit Forecasts Amid Ongoing AI Chip Demand Surge
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the second quarter, driven by the growing demand for advanced chips used in AI applications. Metric Q2 2024 Actual…
Senate Committee Reports Alarming Injury Rates During Amazon Prime Day
Amazon Prime Day, the 48-hour discount event that starts Tuesday, is a “major” cause of worker injuries, according to a Senate probe’s preliminary findings. The Senate’s Health, Education, Labor, and…
Kaspersky to Shut Down U.S. Operations and Lay Off Staff After Ban
Kaspersky will exit the U.S. market and lay off dozens of employees following a U.S. government ban on its software due to security concerns. Starting July 20, the Russian cybersecurity…