China to make inroads into global chip making
China is planning to become a major force in the global semiconductor segment. State-run XMC is setting up a major $24-billion semiconductor project in association with a US company.
Software & IT services
OpenAI CEO Sam Altman Is 'Embarrassed' Over Company's Threat to Revoke Equity if Exiting Employees Refuse to Sign NDA
OpenAI CEO Sam Altman has been embarrassed by the company's policy of threatening to revoke vested equity from exiting employees who refused to sign a non-disclosure and non-disparagement agreement.
UK to Put Up Office in San Francisco to Address AI Risks
The UK is intensifying its efforts to assess and address AI risks by opening a new office in San Francisco...
OpenAI Shuts Down AI Safety Team Just After Less Than a Year in Office
OpenAI has disbanded its AI safety team less than a year after its creation, following the recent departures of influential company leaders...
Japan's SoftBank Is Harnessing the Power of AI to Prevent Customer Harassment by 'Softening' Angry Callers' Voices
Japan's SoftBank Corp. is banking on AI to tone down the voices of irate customers to help call center workers deal with such clients...
Facebook, Instagram Face EU Probe Over Suspicions of Failing to Impose Child Protection Policies
The European Union is investigating Facebook and Instagram under conce...
Reddit Collaborates With OpenAI to Bring Contents to ChatGPT, AI Tools
OpenAI's partnership with Reddit allows access to real-time content, e...
Latest News
Wall Street is Skeptical About Apple Being Google’s Cloud Service Big Costumer
Deutsche Bank expressed its skepticism on the hype created around Apple’s shift to Google’s Cloud Platform from Amazon’s AWS. The bank believes that the move will not have a significant impact and tha
FanDuel and Draft Kings Will Stop Operations in New York
Fantasy sport games FanDuel and Draft Kings will stop their paid contests in New York. The companies will wait for regulation to legalize their operation.
Information Giants IHS and Markit Agreed to Merge at $13 Billion Deal
IHS and Markit, two of the information titans announced of their merger with a $13 billion deal. Once the deal is closed, it will be renamed IHS Markit with a "definitive agreement" for "an all share
India moves WTO over US doubling visa fees
India is seeking World Trade Organization's (WTO) intervention over increasing visa fees by the US. The visa fee for H-1B has been doubled to $4,000 and it's $4,500 for L-1 visa, as fixed by the US go
Spotify Agrees to Pay $21 Million for Music Royalties
The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and
Apple Expands Cloud Service With Google While Preparing Its Own Infrastructure
Alphabet's Google has landed Apple as a customer for its cloud computing platform. Apple has started to store part of its cloud service in Google cloud platform, while also building its infrastructure
Apple to Enhance Encryption Security for iCloud, Making Key for Data Inaccessible Even for Itself
Sources believe that Apple is trying to enhance its security for iCloud amid the legal dispute with the FBI. However, the tech giant will have its challenges to ensure security while retaining users c
MasterCard Presents Arnold Palmer Invitational Golf Tournament, Showcases Payment Through Virtual and Augmented Reality
It will be a different experience for consumers and golf fans alike as they take part in the Arnold Palmer Invitational PGA Tour event. MasterCard has teamed up with Wearality that develops VR glasses
Facebook sees growth in Asia despite India's ban on Free Basics
Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimi
