Apple is known for its innovative technology and the integration of artificial intelligence into its products. With the upcoming rollout of Apple Intelligence, the company is looking to enhance its services business and capitalize on the growing demand for AI-powered features. Analysts have suggested that Apple could potentially charge users a subscription fee for access
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Sony’s chief financial officer, Hiroki Totoki, made it clear during the company’s fiscal first-quarter earnings presentation that Sony has no plans to reconsider bidding for film and TV production group Paramount Global. Totoki stated that acquiring Paramount does not align with Sony’s current strategy and could pose significant risks due to potential misalignment with their
Delta Air Lines faced massive flight cancellations in the aftermath of a global IT outage that occurred last month. CEO Ed Bastian pointed fingers at Microsoft and CrowdStrike for the disruptions, claiming that the incident cost the airline around $500 million. The incident, sparked by a faulty software update from CrowdStrike, affected millions of computers
Elon Musk, the billionaire entrepreneur, made headlines recently with his controversial comments about the riots fueled by far-right and anti-immigration sentiment in the U.K. Musk took to social media platform X to state that “Civil war is inevitable” in response to the violent disorder happening in various towns and cities, including Liverpool and Manchester. These
John Schulman’s decision to leave OpenAI and join Anthropic, an AI startup funded by Amazon, raises questions about the direction of OpenAI and its approach to AI alignment. Schulman cited a desire to deepen his focus on AI alignment and return to hands-on technical work as reasons for his departure, rather than a lack of
The recent downturn in the stock market saw tech’s megacap companies losing a staggering $1 trillion in market capitalization. Companies like Nvidia, Apple, Amazon, Meta, Microsoft, Alphabet, and Tesla experienced significant losses in a short period. Nvidia alone shed over $300 billion at the opening bell, while Apple and Amazon also took huge hits in
Elon Musk has once again filed a lawsuit against Sam Altman, claiming that he was manipulated into co-founding OpenAI under false pretenses. Musk alleges that Altman and current OpenAI President Greg Brockman deceived him by presenting the organization as a non-profit when in reality, they were engaging in for-profit activities behind the scenes. The lawsuit
The UK government recently made the decision to cancel £1.3 billion worth of computing infrastructure projects, dealing a significant setback to the country’s aspirations of becoming a global leader in artificial intelligence. These projects, which were aimed at bolstering the UK’s compute infrastructure, would have significantly enhanced the country’s ability to build high-performance infrastructure capable
The U.S. Department of Justice is currently looking into complaints regarding Nvidia’s alleged abuse of its market dominance in artificial intelligence chips. According to a report by The Information, the DOJ has been reaching out to Nvidia’s competitors, such as AMD, to gather information related to the complaints. One of the key concerns being investigated
Meta, formerly known as Facebook, saw its shares surge by 6% following the release of its second-quarter earnings report. The company exceeded Wall Street’s expectations, with revenue for the period increasing by an impressive 22% to $39.07 billion. This surpassed analysts’ estimates of $38.31 billion, showcasing Meta’s ability to generate significant revenue. Net income for