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US tech giant Intel halts construction of €30bn German Microchip Factory
Intel has cancelled plans to build a €30bn microchip plant in Germany, a blow for Europe's technological plans. The US chipmaking company said that it would postpone construction of a site in Magdeburg for around two years and also a…
BlackRock and Microsoft to invest $30bn in AI infrastructure
BlackRock and Microsoft are preparing to launch an artificial intelligence fund worth more than $30 billion to help meet the growing demand for AI. The fund will be used to finance data centres, energy projects, and other infrastructure to…
THG spins off tech services to fix the balance sheet
THG, the struggling online beauty and nutrition company, has announced that it will spin off its technology division in order to improve its balance sheet and share performance.
The Manchester-based company said that it was "actively…
Silicon Valley’s techies have built the AI that will replace them
The Chase Center in San Francisco, a 18,000-seat arena for sports and entertainment, was filled with a frisson of intrigue and fear.
Mark Zuckerberg, third richest man in the world, was seated on a stage wearing a loose shirt with a mop…
Apple Challenges UK Watchdogs Mobile Browser Investigation
Apple has issued a strong warning to Britain's Competition and Markets Authority (CMA), claiming that the CMA's analysis of the company's dominance in the mobile browser market is "flawed and insufficient." The tech giant argues that the…
Brazilian Court Orders Suspension of X Platform in Escalating Legal Battle with Elon Musk
In a significant development for social media regulation, Brazil's Supreme Court has mandated the suspension of X (formerly Twitter) operations within the country. This decision follows the platform's failure to comply with a court order to…
IBM Slashes China Research Team Shifts Work to Other Regions
American tech giant IBM is shutting down most of its research and development efforts in China, joining the growing list of US companies pulling back from the world's second-largest economy amidst escalating tensions between Washington and…
Nvidias Earnings Report Set to Reveal Impact of AI Chip Boom Amidst Blackwell Delay
Nvidia, the US chipmaker, is poised to announce its quarterly sales have more than doubled on Wednesday, even as year-on-year growth slows. Wall Street anxiously awaits what has become one of the most closely watched earnings reports in the…
Apple Intelligence Integrating ChatGPT in iOS 18 Potential Impact on iPhone Usage and Privacy
As Apple prepares to launch its iOS 18 software upgrade, the tech giant is set to introduce a suite of artificial intelligence (AI) features under the brand name "Apple Intelligence." The most notable addition is a ChatGPT-powered version…
Nvidias Meteoric Rise Can Anything Halt Its Momentum
In the realm of semiconductor giants, Nvidia has emerged as the undisputed frontrunner in the race to develop chips that power the explosive growth of artificial intelligence (AI). The company's meteoric rise has been nothing short of…
AMD Acquires ZT Systems in 49 Billion Deal to Bolster AI Infrastructure Capabilities
In a bold move to challenge Nvidia's dominance in the AI infrastructure market, Advanced Micro Devices (AMD) has announced the acquisition of ZT Systems for $4.9 billion in cash and stock. The California-based chipmaker aims to accelerate…
Big Tech Pledges Over 100 Billion Dollars in AI Infrastructure Spending Amidst Market Scepticism
In a bold move, tech giants Microsoft, Alphabet, Amazon, and Meta have collectively increased their capital expenditure by an astonishing 50%, surpassing the $100 billion mark this year. This massive investment aims to develop the…
ChatGPTs Welsh Language Glitch Leaves English Users Baffled
In an unexpected twist, ChatGPT users in the United Kingdom have found themselves perplexed by the AI chatbot's propensity to respond in Welsh, despite being prompted with English-language queries. This peculiar glitch has come to light as…
US Considers Google Break-Up After Monopoly Ruling
Google's parent company, Alphabet Inc., faces potential divestiture of key operations following a landmark ruling by a US federal judge, which found the tech giant guilty of maintaining an illegal monopoly over online search. The US…
Musk’s X Sues Unilever Mars and CVS for a’massive boycott of advertisers’
Elon Musk’s social media platform X, sued a global ad alliance on Tuesday, along with several major companies including Unilever Mars and CVS Health. The lawsuit accused them of conspiring unlawfully to shun and deliberately cause the…
Tech Giants Face Correction Amid AI Boom Doubts and Mixed Quarterly Results
The magnificent seven, a group of technology stocks that has dominated the US stock market, has experienced a tough week as doubts about the return on artificial intelligence (AI) investments, mixed quarterly results, and weak US economic…
OpenAI urges US financial watchdog to investigate NDAs
OpenAI whistleblowers urged the US Financial Watchdog to investigate nondisclosure contracts at the startup. They claimed the contracts contained restrictions, such as requiring that employees seek permission before contacting regulatory…
Can AI boom drive Nvidia to a $4tn valuation despite investor doubt?
Jensen Huang did not mention a fall in the share price when he spoke last week at the Nvidia Annual General Meeting.
The US chipmaker briefly became the most valuable company in June, but it quickly lost the title. Nvidia lost about…