Tag: Breaking News: Technology

Microsoft will unveil new Windows and cloud AI features in May

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[ad_1] Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference, according to a session list posted Wednesday. In January, Microsoft CEO Satya Nadella told analysts that 2024 is the year when “AI will become [a] first-class part of every PC,” and the itinerary for Microsoft’s May conference…

Google unveils custom Arm-based chips, following similar efforts at rivals Amazon and Microsoft

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[ad_1] Google is trying to make cloud computing more affordable with a custom-built Arm-based server chip. At its Cloud Next conference in Las Vegas on Tuesday, the company said the new processor will become available later in 2024. With the new Arm-based chip, Google is playing catch-up with rivals such as Amazon and Microsoft, which have been employing a similar strategy for years. The tech giants compete fiercely in the growing market for cloud infrastructure, where organizations rent out resources in faraway data centers and pay based on usage. Google…

Apple lays off over 600 California employees after shuttering car project

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Apple lays off of 614 workers in California, marking the company’s first significant job cuts since the pandemic. The affected employees, working across various Santa Clara facilities, include machine shop managers and engineers. The move comes amid Apple’s recent cancellation of a self-driving car project, reflecting shifts in the tech giant’s strategic focus. of 614 workers in California, marking the company’s first significant job cuts since the pandemic. The affected employees, working across various Santa Clara facilities, include machine shop managers and engineers. The move comes amid Apple’s recent cancellation…

‘I am so scared of them now’: Burned from overspending, some ‘buy now, pay later’ users warn others away

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[ad_1] Many consumers find buying now and paying later a godsend when cash is tight. Others are wishing they’d paid upfront to avoid pain later. Tia Whiteside, 27, knew she was spending more than she would have without buy now, pay later services — the popular loans that let borrowers split purchases into installments with little or no interest. Planning a day trip to the beach with her 2-year-old son last year, she spent $800 on Amazon purchases including a tent, new outfits and a high-end sandcastle kit with the…

Generative AI 'FOMO' is driving tech heavyweights to invest billions of dollars in startups

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[ad_1] Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Tech giants aren’t doing much acquiring these days, due mostly to an unfavorable regulatory environment. But they’re finding other ways to spend billions of dollars on the next big thing. Amazon’s $2.75 billion investment in artificial intelligence startup Anthropic, announced this week, was its largest venture deal and the latest example of the AI gold rush that’s prompting…

Reddit shares plunge almost 25% in two days, finish the week below first day close

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[ad_1] The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the week below their closing price on Reddit’s first day of trading on the New York Stock Exchange. They closed at $50.44 last Thursday. Stock markets are closed on Good Friday. Reddit shares began their…

How startup Recurrent values used EVs by analyzing their batteries, a key part of the longevity

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[ad_1] Recurrent, a Seattle-based startup, aims to do for electric vehicle batteries what odometers do for fuel-powered cars: Show the wear and tear on the battery and its future value. The used car market is more than twice the size of the new car market, and electric vehicles are fast becoming a part of it. That presents a new problem when it comes to valuing these cars, which run entirely on batteries. Consumers have fundamentally different questions about used electric vehicles, especially when it comes to the battery life. The…

Apple’s Antitrust Battle: 5 Years of Disruptions Ahead

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[ad_1] Apple CEO, Tim Cook, testifies before the Senate Homeland Security and Governmental Affairs Committee’s Investigati Also Read :KKR vs SRH, IPL 2024: March Madness Spotlights a Sport Relegated to Pittsburgh’s Shadows: Basketball The U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone’s market power to cut off rivals, kicking off a multiyear process involving hundreds of lawyers and threatening Apple’s “walled garden” business model. If the DOJ wins, it could seek a range of changes to Apple’s business, and U.S. officials didn’t rule out…

Elizabeth Warren calls on SEC to investigate Tesla, Elon Musk over governance issues once again

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[ad_1] Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company’s board of directors over what she called, “possible misappropriation on resources and conflicts of interest arising from Mr. Musk’s dual role at Tesla and X— renamed from Twitter.” Warren, who sits on both the Senate’s banking and the armed services committees, had sent a similar request to the SEC last July, and a letter to board chair Robyn Denholm expressing similar concerns in the past. In a…