TSMC gets Q1 revenue boost as AI boom favors its market prospects
Key points Taiwan chipmaker, TSMC has reported a rise by 16.5% in its 2024 first quarter revenue on wednesday. The rise beats market expectations as the company benefits majorly from AI boom. TSMC, the world’s largest chip contract chipmaker has reaped major benefits...
Xiaomi’s SU7 EV launches cheaper than Tesla’s Model 3 in China
Key Points Xiaomi CEO Lei Jun has introduced the standard version of their electric car, SU7, which is expected to sell at $30,408, a price that will help them enter the market even if they make losses per car. The SU7 is now selling at $4K cheaper than Tesla’s Model...
Biden administration takes new steps to regulate Artificial Intelligence
Key Points Biden's administration has laid out new regulations to monitor Artificial Intelligence technology usage and safety within government organizations and agencies. In the new rules, all agencies must establish specific safeguards for AI applications that could...
Meta reportedly working on an AI project to rival OpenAI
Key Points Mark Zuckerberg’s Meta is reportedly working on an AI project that is meant to rival OpenAI’s ChatGPT Wall Street Journal Exclusive story indicates that Meta is in very advanced stages of AI chatbot development Meta has been on the spot before for training...
Microsoft and Aptos Labs strike a deal to build new AI blockchain solutions
Key Points Microsoft has announced a partnership with Aptos labs for AI solutions, driving Aptos tokens' prices high. Microsoft has been pushing its limits to stay competitive amid the rise of AI among tech companies like Meta and OpenAI. Aptos Labs, started by former...
Bob Iger’s Disney creates an AI task force to explore tech and cost-cutting options
Key Points Disney has reportedly created a task force to study how AI can be used to cut costs in the studio. The development comes when Writers and Actors are on strike due to payment concerns and AI threats to their job security. House of Mouse CEO Bob Iger has...
Monetary Authority of Singapore to commit S$150M in FinTech markets, including Web 3
Key Points The Monetary Authority of Singapore released a report indicting a plan to commit S$150 M to explore and support emerging FinTech solutions like Web3. This report comes at a time when the MAS has been increasing its efforts in regulating and boosting the...
Mark Zuckerberg’s Meta to launch distinguished AI chatbots with personalities
Key Points Mark Zuckerberg’s Meta is preparing to have an edge against its competitors by launching AI chatbots with personalities. The move is to ensure that the company ‘retains users’ as more competitors grow in the budding industry. Meta, a social media...
Sarah Silverman sues Meta and OpenAI for copyright violations
American comedian and author Sarah Silverman and two other authors, Richard Kadrey and Christopher Golden, have filed a lawsuit against Meta and Open Ai, claiming that the two establishments used their copyrighted works to train their AI models
E.U. and Japan to strike a partnership for A.I. and Chips developments as plans to ditch China continue
The European Union (E.U.) is pushing its plans to de-risk China’s global supply chain by onboarding Japan as a partner in A.I. and microchip developments. E.U. Commissioner Thierry Breton confirmed these developments on Twitter, revealing his July 3rd meeting with the Japanese government
100K ChatGPT logins exposed to the Darkweb- cyber security firm
Concerns surrounding ChatGPT user credentials being leaked online and traded on the Darkweb are surfacing after a blog post by Singaporean cybersecurity firm Group-IB. The firm alleges that over 101K ChatGPT logins appear to have been stolen over the past year and traded over the dark web between June 2022 and May 2023.
Rolls-Royce to set up in East Africa as demand for engines rise
Rolls-Royce is working on setting up its first office in East Africa as demand for locomotive, ship, and hydropower generation engines grows. In a conference in Nairobi, Kenya, the UK engineering firm CEO John Kelly said that the region is growing at an adorable 6.5% rate, and with a population of 174 million, it’s becoming more promising by the day.