The European Union's second-highest court annulled a 1.5 billion euro ($1.7 billion) fine imposed on Google by regulators, siding with the US tech giant after it challenged the ruling. The fine was imposed in 2019 by the European Commission, the EU's executive arm, for Google's alleged abuse of market dominance in relation to AdSense for Search, a product allowing website owners to deliver ads into search results.
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AIGoogle | Rating: 53 | 2024-09-18 08:20:42 AM |
Microsoft and BlackRock have formed a group, Global AI Infrastructure Investment Partnership (GAIIP), to raise up to $100 billion to develop data centers for artificial intelligence and energy infrastructure. The group consists of Microsoft, BlackRock, Global Infrastructure Partners, and MGX. Microsoft CEO Satya Nadella stated that the partnership aims to ensure AI advances innovation and drives growth across the economy.
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AIMicrosoft | Rating: 76 | 2024-09-17 09:40:20 PM |
Elon Musk, CEO of SpaceX, announced that the company will sue the Federal Aviation Administration (FAA) for 'regulatory overreach' after the agency planned to fine SpaceX $633,000 for issues with two launches last year. The FAA cited non-compliance with licensing and safety-related regulations, including the use of an 'unapproved rocket propellant farm' for the EchoStar XXIV Jupiter mission in July 2023. The launches took place at NASA's Kennedy Space Center in Cape Canaveral, Florida.
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BusinessSpaceX | Rating: 53 | 2024-09-17 08:50:20 PM |
Bitcoin climbed above $60,000 as investors awaited the Federal Reserve's rate cutting plans. The price rose 4.3% to $60,394.41, with a high of $61,335.83. The Fed kicked off its two-day policy meeting, with a rate cut expected for the first time in four years. Former President Donald Trump's new crypto venture, World Financial Liberty Coin, also contributed to the initial lift.
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FinanceBitcoin | Rating: 53 | 2024-09-17 07:40:37 PM |
Snap Inc. CEO Evan Spiegel announced the fifth generation of Spectacles augmented reality glasses, which can produce more compelling digital visuals than the prior version. The glasses are built on top of a redesigned software operating system dubbed Snap OS and are only available for developers who commit to paying $99 a month for one year. Snap is partnering with OpenAI to give developers tools to build and port artificial intelligence features for the smart glasses.
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AISnap | Rating: 60 | 2024-09-17 06:20:41 PM |
Amazon is using generative AI to optimize delivery routes, make intelligent warehouse robots, and predict where to stock new items. The technology is being used to drive more same-day shipping, with 60% of Prime orders in March being delivered the same day or next day. Amazon's vice president of transportation technology and services, Steve Armato, made the announcement during an exclusive tour of the company's largest California sort center in Tracy.
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AIAmazon | Rating: 62 | 2024-09-17 12:20:27 PM |
Lina Khan, chair of the U.S. Federal Trade Commission, has thwarted tech M&A deals, including Google's attempts to acquire HubSpot and Wiz. Google instead pursued a different tactic, acquiring an AI expert through a model similar to Amazon and Microsoft. The deals were blocked due to regulatory concerns.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
AIGoogle | Rating: 62 | 2024-09-17 12:20:27 PM |
British e-commerce firm THG, previously known as The Hut Group, plans to spin off its technology platform, Ingenuity. The company has received tax clearance from HMRC, the UK's tax collection authority, and is reviewing potential structures for the demerger. No timeline has been provided for the demerger, but the company is actively working on the process.
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BusinessTHG | Rating: 51 | 2024-09-17 10:20:24 AM |
Nandan Nilekani, co-founder and chair of Infosys, believes that massive AI models will become commoditized, with the next wave of value coming from applications built on top of the models. Companies like OpenAI and Meta are building large language models, and many other companies are developing India-specific LLM solutions for Indian languages.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
AIInfosys | Rating: 58 | 2024-09-17 09:40:24 AM |
China is seeking to develop a homegrown alternative to Nvidia's graphics processing units (GPUs) due to US sanctions on its semiconductor industry. Nvidia's GPUs are crucial for training large AI models, such as those used by OpenAI's ChatGPT. The Chinese government aims to boost its domestic chip sector and play a leading role in the industry.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
AINvidia | Rating: 77 | 2024-09-17 05:40:20 AM |
