At the World Artificial Intelligence Conference (WAIC) in Shanghai, China on July 6, 2023, the Alibaba Group sign was prominently displayed. The presence of the Chinese e-commerce giant continues to make waves in the industry. According to Refinitiv data, Alibaba reported a significant 14% year-over-year revenue growth in the quarter ended June 30. This marks …
China has criticized President Joe Biden’s recently signed executive order that regulates fresh U.S. investment in technology. However, they have not yet taken any immediate countermeasures. The Chinese Commerce Ministry responded strongly, expressing grave concern and reserving the right to implement measures in the future. Biden’s executive order aims to limit U.S. investment and expertise …
Viasat, a leading provider of satellite communications, has reported impressive quarterly revenue growth. Despite a recent satellite malfunction, the company remains committed to overcoming challenges and exploring alternative solutions to deliver the services it had planned for this year. In a letter to shareholders detailing its first-quarter results for fiscal year 2024, Viasat acknowledged the …
President Joe Biden delivers a speech on the significance of Artificial Intelligence from the Roosevelt Room at the White House in Washington, DC, on July 21, 2023. (Photo by Anna Moneymaker | Getty Images) The Biden administration has announced the AI Cyber Challenge, a competition that allows hackers to utilize artificial intelligence to protect critical …
A surge in private funding for semiconductor manufacturing in the U.S. has sparked concerns about the availability of skilled workers. One year ago, President Joe Biden signed the CHIPS and Science Act into law, prompting semiconductor companies to commit $231 billion towards building chip manufacturing hubs in the United States. However, as construction begins, companies …
An Amazon delivery drone was showcased at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts on November 10, 2022. The company has recently experienced a setback in its drone delivery operations with the departure of two key executives. Jim Mullin, the chief pilot of Prime Air, left Amazon last month, while Robert Dreer, responsible for …
A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still awaiting the anticipated windfall. Secretary of Commerce Gina Raimondo stated, “We will commence the distribution of funds later this year. We are urging the team to act swiftly, while ensuring accuracy and precision.” The objective …
David Baszucki, the Founder and CEO of Roblox Corporation. Image by Steve Jennings | Getty Images Roblox, the popular gaming platform, experienced a 10% drop in premarket trading on Wednesday following the release of its second-quarter financial results. Unfortunately, the company’s performance fell short of analysts’ expectations both in terms of revenue and profit. Let’s …
In April 2022, Rivian Automotive commenced production of their electric Rivian R1T pickup trucks at their plant in Normal, Illinois. According to their second-quarter report, Rivian’s loss was smaller than expected, and the company has raised its production guidance for the year. They now plan to build approximately 52,000 vehicles in 2023, more than double …
Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Monday, Nov. 28, 2022. Stephanie Keith | Bloomberg | Getty Images Amazon is organizing a second major sales event similar to Prime Day in October, as confirmed in an official announcement published on their website. The …