Venezuelan President Nicolas Maduro recently made headlines by ordering a 10-day ban on the popular social networking platform X. This move came after a heated feud between Maduro and the platform’s owner, Elon Musk. In a speech translated by CNBC, Maduro accused Musk of violating the rules of the platform and inciting hatred, fascism, civil
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Apple’s plan to charge its users up to $20 for advanced artificial intelligence features has sparked discussions among analysts. The Cupertino giant aims to enhance the growth of its services business by introducing Apple Intelligence, its upcoming AI system, on some of its devices this year. The move is seen as a strategic approach to
Recent comments from the U.K.’s technology minister, Peter Kyle, have shed light on the significant impact that Elon Musk has on public discourse. According to Kyle, Musk is “the one person who is accountable to no one” and has the ability to influence major world affairs, including the war between Russia and Ukraine. This has
In a surprising turn of events, John Schulman, co-founder of OpenAI, announced his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This move comes shortly after OpenAI disbanded its superalignment team, adding to the series of changes that have been sweeping through the organization in recent months. Schulman,
In a groundbreaking decision, a federal U.S. judge declared that Google’s dominance in the search and text advertising markets was illegal. The case, filed by the government in 2020, accused Google of creating insurmountable barriers for competitors, thereby maintaining its monopoly position. The judge found Google in violation of Section 2 of the Sherman Antitrust
The start of the trading week brought a devastating blow to some of the tech industry’s biggest players. As U.S. markets opened on Monday, megacap companies saw a staggering $1 trillion loss in market cap. Nvidia, a prominent chipmaker, took a particularly hard hit, shedding over $300 billion in market cap at the market open.
Google recently decided to pull an Olympics ad that featured its chatbot Gemini following backlash for the way it portrayed a little girl using artificial intelligence to write a fan letter. The ad, titled “Dear Sydney,” showcased a girl’s dad using the AI chatbot to help write a letter to her favorite athlete, Sydney McLaughlin-Levrone.
Investors have been questioning Meta’s substantial investment in artificial intelligence, wondering if the payoff will come soon. However, in a recent earnings call following the company’s impressive second-quarter report, CEO Mark Zuckerberg emphasized the present benefits of AI. The advancements in AI have helped Meta outpace its competition in the digital advertising market, which is
In the midst of the upcoming presidential election, the tech industry is experiencing a significant divide in political ideologies. Following the endorsement of Donald Trump by a portion of the tech investing world, a group of over 100 venture capitalists have united to pledge their support for Vice President Kamala Harris, the presumed Democratic nominee.
Samsung Electronics recently released their second-quarter results, showcasing revenue of 74.07 trillion Korean won and an operating profit of 10.44 trillion Korean won. These numbers exceeded analysts’ expectations, with revenue slightly surpassing the estimated 73.74 trillion Korean won, and operating profit significantly outperforming the forecasted 9.53 trillion Korean won. The company experienced a 23.42% increase