At a meeting in Hanoi on Thursday, Communist Party General Secretary and President To Lam asked Qualcomm Chief Executive Cristiano Amon to increase its investment in areas including AI, semiconductors, robotics, 5G/6G, data centres and next-generation connectivity technologies, according to a government statement.
IREN shares fell more than 7% in extended trading after the company swung to a quarterly loss, driven by costs tied to retiring bitcoin mining hardware as it shifts to AI cloud services.
The chip giant stepped back from the program last week, the Journal said, adding that it could still revamp the initiative later or fold it into another program.
Companies often set up federal political action committees, called PACs, to donate to political candidates who are aligned with their corporation's policy goals. Nvidia joins other tech companies, including Meta Platforms and Alphabet's Google, in creating a committee to spend money to influence elections.
Bonta sued Amazon in 2022, accusing the company of dominating online retail with anticompetitive tactics that raise prices for consumers.
The payments company, once the crown jewel of American financial technology, received a $60.50-per-share bid from Stripe and private equity firm Advent International, which valued it at more than $53 billion, Reuters reported in July, citing sources.
It called on governments to expedite trusted access programs, which give certain companies access to more powerful models ahead of the general public, and for all other organizations to "make cyber defense an immediate leadership priority."
Infosys has invested an undisclosed amount in Bengaluru-based AI procurement startup Aerchain through its Infosys Innovation Fund. Founded in 2019, Aerchain offers an AI-powered procurement platform for enterprises. The investment follows its $13 million funding round in March.
The claim, which was previously valued at just over £1 billion, sought compensation on behalf of developers who sold apps on Google's Play Store in the United Kingdom. Lawyers for academic Barry Rodger, who led the case, alleged Google had abused its dominant position to prevent developers from distributing apps by alternative means and by...
The complaint, lodged Wednesday in the Northern District of California by an anonymous plaintiff identified as Jane Doe 1, alleges that xAI designed Grok to alter real photographs of identifiable people into sexual content and then published the results directly to the X social media platform (formerly Twitter).
Rapido users in several Indian cities reported app outages today. The ride-hailing service experienced a brief technical issue affecting many users. Commuters faced difficulties booking rides during peak office hours.
The facility, at the Purdue Research Park in West Lafayette, is scheduled to begin cleanroom operations in the second half of 2028, according to SK Hynix's website and press statements. The site will house a next-generation high-bandwidth memory (HBM) packaging line as well as an AI semiconductor research and development facility.
Groww won the top prize at the 12th edition of the Economic Times Startup Awards. The list of other winners, and more, in today’s ETtech Top 5.
Elon Musk, David Sacks, Jensen Huang and Sam Altman are set to speak at next week’s Group of 20 tech meeting.
CrowdStrike is a cloud-native cybersecurity software firm that helps businesses protect their computers, cloud systems, accounts and data from cyberattacks.
The world's most valuable company projected 70% revenue growth next fiscal year and forecast current-quarter sales above Wall Street estimates, signaling that the AI spending boom remains intact.
The move highlights Huawei's ambitions to gain a foothold in the fast-growing AI drug discovery market, where pharmaceutical companies are investing in modelling tools and automated laboratories to shorten development timelines and improve efficiency.
In a letter to the European Commission that tests conducted by CERT Polska, the national cybersecurity incident response team, found 122 advertisements that were classified as fraudulent.
The Korea Media and Communications Commission (KMCC) said in a statement to Reuters that social media providers needed to take greater responsibility to protect minors and noted that seven bills aimed at strengthening youth protection on social networking platforms were pending in South Korea's parliament.
Artificial intelligence could unlock approximately USD 230 billion in annual value across the global upstream oil and gas sector as the technology matures and autonomous operating modes become more common, according to a report by McKinsey & Company.
