Technology - NewsMage

Technology - NewsMage

Technology

Vietnam Premier Targets FDI to Fund AI, Big Data Development

Vietnam Premier Targets FDI to Fund AI, Big Data Development

Vietnam’s Prime Minister Pham Minh Chinh vowed to lure “crucial” foreign investment into AI development by cutting logistics costs...

Inside Activision and Blizzard’s Corporate Warcraft

Inside Activision and Blizzard’s Corporate Warcraft

Bobby Kotick and Mike Morhaime were the video game industry’s unstoppable pair, until they fought each other. An excerpt from the ...

BlackRock Sees Growth in Asia Infrastructure to Support AI Boom

BlackRock Sees Growth in Asia Infrastructure to Support AI Boom

BlackRock Inc. sees huge growth opportunities in Asia for infrastructure to support a boom in artificial intelligence that’s also ...

Investors Face ‘Pain Trade’ Amid China Stimulus, Barclays Says

Investors Face ‘Pain Trade’ Amid China Stimulus, Barclays Says

Investors who have snubbed stocks tied to Chinese growth may face a “pain trade” after the world’s second-biggest economy unleashe...

Prosus Is Said to Have Fully Exited Stake in China’s Trip.com

Prosus Is Said to Have Fully Exited Stake in China’s Trip.com

Internet investing firm Prosus NV has fully cut its stake in Chinese online travel agency company Trip.com in a $743 million block...

AI Model Is Better at Pricing Currencies Than Humans, ING Says

AI Model Is Better at Pricing Currencies Than Humans, ING Says

ING Groep NV is starting to use artificial intelligence to price currencies, replacing a job traditionally performed manually by t...

US Probing Tech Firms SAP, Carahsoft for Potential Price-Fixing

US Probing Tech Firms SAP, Carahsoft for Potential Price-Fixing

German software developer SAP SE, product reseller Carahsoft Technology Corp. and other companies are being probed by US officials...

AI Market Will Surge to Near $1 Trillion by 2027, Bain Says

AI Market Will Surge to Near $1 Trillion by 2027, Bain Says

The global market for AI-related products is ballooning and will hit as much as $990 billion in 2027, as the technology’s quick ad...

Japan’s Kioxia Postpones Plans for IPO as Chip Stocks Slide

Japan’s Kioxia Postpones Plans for IPO as Chip Stocks Slide

Japanese memory chipmaker Kioxia Holdings Corp. is pushing back plans for an initial public offering until later this year after a...

Wiz In Talks to Sell Shares at Valuation as High as $20 Billion

Wiz In Talks to Sell Shares at Valuation as High as $20 Billion

Cybersecurity startup Wiz Inc. is in discussions to sell existing shares at a valuation as high as $20 billion, according to peopl...

Fortescue Inks $2.8 Billion Deal to Electrify Iron Ore Trucks

Fortescue Inks $2.8 Billion Deal to Electrify Iron Ore Trucks

Fortescue Ltd., the world’s fourth-biggest iron ore miner, will pay $2.8 billion to replace two-thirds of its fleet of haulage tru...

China Tech Stocks Surge, US Chips Get Boost | Bloomberg Technology

China Tech Stocks Surge, US Chips Get Boost | Bloomberg Technology

Bloomberg's Caroline Hyde and Ed Ludlow break down why China tech stocks are on a tear after Beijing's push to boost growth. Plus,...

This Unicorn Is Taking On Adobe. Can It Fly?

This Unicorn Is Taking On Adobe. Can It Fly?

Australia’s Canva bets on AI to turbocharge growth ahead of an anticipated IPO.

Big Tech Software Vendor Carahsoft Raided by FBI in Virginia

Big Tech Software Vendor Carahsoft Raided by FBI in Virginia

Federal agents on Tuesday searched the Washington-area offices of Carahsoft Technology Corp., a major distributor of technology pr...

Caroline Ellison Sentenced to Two Years in Jail in FTX Case

Caroline Ellison Sentenced to Two Years in Jail in FTX Case

Caroline Ellison was sentenced to 24 months prison and ordered to forfeit $11 billion dollars by a federal judge for her role in t...

CrowdStrike Executive Apologizes to Congress for Massive Outage

CrowdStrike Executive Apologizes to Congress for Massive Outage

A senior executive for cybersecurity firm CrowdStrike Holdings Inc. apologized at a Congressional hearing on Tuesday for a disastr...

OpenAI Rolls Out New Voice Assistant to All Paid ChatGPT Users

OpenAI Rolls Out New Voice Assistant to All Paid ChatGPT Users

The startup previously delayed the feature to work through potential safety issues.

Meta to Spurn EU’s Voluntary AI Safety Pledge Ahead of New Law

Meta to Spurn EU’s Voluntary AI Safety Pledge Ahead of New Law

Meta Platforms Inc. is spurning the European Union’s voluntary artificial intelligence safety pledge that’s planned as a stopgap m...

Trudeau Aims to Match Biden on Banning Chinese-Made Car Software

Trudeau Aims to Match Biden on Banning Chinese-Made Car Software

Canada is looking at banning Chinese-made software in vehicles after the US took steps toward doing so, Finance Minister Chrystia ...

A Chatbot That Gives Stock Buy, Sell Advice Cleared by Israel

A Chatbot That Gives Stock Buy, Sell Advice Cleared by Israel

Other governments have raised alarms that artificial intelligence might destabilize financial markets.

New York Times to Launch Podcast Subscription Plan for Shows Like ‘The Daily’

New York Times to Launch Podcast Subscription Plan for Shows Like ‘The Daily’

The offering will cost $6 a month, or $50 a year, to listen to past episodes of popular titles for people who don’t already subscr...

Paramount Cuts More Jobs as Part of Planned Reductions

Paramount Cuts More Jobs as Part of Planned Reductions

Paramount Global cut more jobs on Tuesday as part of a previously announced plan to reduce its US workforce by 15%, or about 2,000...

Raspberry PI Rally Bucks Trend of London IPO Disappointments

Raspberry PI Rally Bucks Trend of London IPO Disappointments

Raspberry PI Holdings Plc shares rallied after reporting a jump in sales, cementing the computer maker’s status as the only winner...

Huawei’s 3-in-1 Smartphone Hits Limits of Foldable Engineering

Huawei’s 3-in-1 Smartphone Hits Limits of Foldable Engineering

I laid my hands on Huawei’s Mate XT device, a 10-inch tablet that folds down to the size of a chunky smartphone. But first...

Sila Nanotechnologies Takes $1 Billion Valuation Haircut With Latest Round

Sila Nanotechnologies Takes $1 Billion Valuation Haircut With Latest Round

Startup down rounds have become more common, though there are signs of life in the market.

Snap Integrates Google’s Generative AI Model Into Chatbot

Snap Integrates Google’s Generative AI Model Into Chatbot

Snap Inc. will start using Google’s generative artificial intelligence model to help power Snapchat’s AI chatbot, part of a broade...

Turkey Shelves Plans to Tax Gains From Stocks and Crypto Market

Turkey Shelves Plans to Tax Gains From Stocks and Crypto Market

Turkey is not considering an additional tax package for this year, Vice President Cevdet Yilmaz said, ruling out a levy on profits...

Prince William to Pick Finalists for $1.3 Million Earthshot Prize

Prince William to Pick Finalists for $1.3 Million Earthshot Prize

The award is focused on companies and groups with innovative solutions to environmental issues, from restoring the oceans to clean...

Customer Support Startup Ujet Gets New co-CEO, $76 Million in Funding

Customer Support Startup Ujet Gets New co-CEO, $76 Million in Funding

Customer service startup Ujet Inc. has raised $76 million from investors and named a new co-chief executive officer.

Data Centers Are Driving Demand for Renewable Power, EDP Says

Data Centers Are Driving Demand for Renewable Power, EDP Says

Big technology companies are driving demand for electricity produced by renewable projects as the firms invest in artificial intel...

Bain-Backed Chipmaker Kioxia Scraps an October IPO, Reuters Says

Bain-Backed Chipmaker Kioxia Scraps an October IPO, Reuters Says

Japanese memory chip maker Kioxia Holdings Corp. has shelved its plan to debut its shares on the Tokyo Stock Exchange in October, ...

India’s First AI Unicorn Fractal Said to Weigh $500 Million IPO

India’s First AI Unicorn Fractal Said to Weigh $500 Million IPO

Fractal Analytics, a provider of artificial intelligence services, is considering filing for an initial public offering in Mumbai ...

JPMorgan Eyes More Growth in India Amid Flurry of Activity

JPMorgan Eyes More Growth in India Amid Flurry of Activity

JPMorgan Chase & Co. plans to keep growing its operations in India, where investor confidence continues to be strong, accordin...

Masdar Agrees to Buy Spanish Renewables Firm From Brookfield

Masdar Agrees to Buy Spanish Renewables Firm From Brookfield

Masdar agreed to buy Spanish renewable energy firm Saeta Yield SA from Brookfield Asset Management in a deal with an enterprise va...

Korea Zinc Warns of Supply Disruptions if MBK Gets Control

Korea Zinc Warns of Supply Disruptions if MBK Gets Control

Korea Zinc, which is fending off an unsolicited takeover bid from a private equity firm, said Tuesday the company could see an exo...

Musk Calls Italy’s Meloni ‘Authentic, Honest’ at Awards Gala

Musk Calls Italy’s Meloni ‘Authentic, Honest’ at Awards Gala

Elon Musk offered effusive praise for Italian Premier Giorgia Meloni in brief remarks at an awards ceremony in New York, the lates...

OpenAI News Account on X Compromised, Sends Posts About Crypto

OpenAI News Account on X Compromised, Sends Posts About Crypto

OpenAI said one of its accounts on X was compromised on Monday, when an unauthorized individual sent out posts soliciting users to...

House Approves Permit Exemption for Chips, Sending Bill to Biden

House Approves Permit Exemption for Chips, Sending Bill to Biden

The US House approved legislation that would exempt some semiconductor manufacturing projects from federal permitting requirements...

Ex-Twitter Worker Wins Musk Layoff Pay Fight, Memo Says

Ex-Twitter Worker Wins Musk Layoff Pay Fight, Memo Says

Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social medi...

Apollo's Intel Offer, Alex Karp and Wall Street | Bloomberg Technology

Apollo's Intel Offer, Alex Karp and Wall Street | Bloomberg Technology

Bloomberg's Caroline Hyde and Ed Ludlow break down Apollo's multibillion-dollar investment offer in Intel after Qualcomm's own tak...

Cloudflare CEO Seeks to Steer Clear of Musk’s Brazil Feud Over X

Cloudflare CEO Seeks to Steer Clear of Musk’s Brazil Feud Over X

Network provider Cloudflare Inc neither helped Elon Musk’s X evade a ban in Brazil nor assisted the country’s regulators as they s...

Crypto Miner Truce Leaves Open the Possibility of Riot Taking Over Bitfarms

Crypto Miner Truce Leaves Open the Possibility of Riot Taking Over Bitfarms

While Bitcoin miner Bitfarms Ltd. has brokered a truce with Riot Platforms Inc. over a months-long takeover fight, the agreement s...

Constellation CEO Sees AI as Critical to US National Security

Constellation CEO Sees AI as Critical to US National Security

The domestic development of artificial intelligence will be essential to US national security and economic prosperity, the head of...

Apple’s Late-Day Plunge Stirs Speculation Over Who Was Selling

Apple’s Late-Day Plunge Stirs Speculation Over Who Was Selling

Friday was supposed to be a good day for the shares of Apple Inc., with the iPhone maker set to be a big winner from the quarterly...

Telegram CEO Durov Says App to Provide More Data to Governments

Telegram CEO Durov Says App to Provide More Data to Governments

Messaging app Telegram will provide users’ IP addresses and phone numbers to relevant authorities in response to valid legal reque...

An Outsider Critiqued Meta’s Smart Glasses. Now She’s in Charge of Them

An Outsider Critiqued Meta’s Smart Glasses. Now She’s in Charge of Them

Li-Chen Miller is helping lead the social network’s push toward Zuckerberg’s augmented reality ambitions

Microsoft CEO to Cyber Team: Don’t Tell Me How Great Everything Is

Microsoft CEO to Cyber Team: Don’t Tell Me How Great Everything Is

Nadella is holding weekly meetings to assess efforts to shore up software resilience after a series of embarrassing hacks.

Illegal Streaming of Live Sports Has Gone Mainstream. Can Anything Be Done?

Illegal Streaming of Live Sports Has Gone Mainstream. Can Anything Be Done?

Broadcasters are facing a worldwide surge in illegal streaming of live sports that’s depriving them of tens of billions of dollars...

HSBC Looking to Join AI Infrastructure Finance Boom, Keefe Says

HSBC Looking to Join AI Infrastructure Finance Boom, Keefe Says

HSBC Holdings Plc wants to join in the rush to finance the infrastructure needed to roll out artificial intelligence, according to...

Sweden’s Northvolt to Cut 20% of Staff Amid Financing Crunch

Sweden’s Northvolt to Cut 20% of Staff Amid Financing Crunch

Swedish battery maker Northvolt AB will shed 20% of its headcount globally and suspend the expansion of its main factory in Northe...

Jimmy Carter becomes first president to turn 100

1 month ago

Jimmy Carter becomes first president to turn 100

Georgia doctors speak out to challenge misinformation on sta...

1 month ago

Georgia doctors speak out to challenge misinformation on state's abortion law, death of Amber Thurman

After Shaq, Jay-Z, Beyonce And Others, Tesla Cybertruck Join...

1 month ago

After Shaq, Jay-Z, Beyonce And Others, Tesla Cybertruck Joins Joins Irvine Police Department's Fleet, Will Be Used For Community Outreach Efforts

Pentagon sending a ‘few thousand’ personnel to Middle East d...

1 month ago

Pentagon sending a ‘few thousand’ personnel to Middle East day after Biden said he wouldn’t add combat troops

Scandals, failed assassinations and political rhetoric: Both...

2 months ago

Scandals, failed assassinations and political rhetoric: Both sides go high and low

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