President Joe Biden addressed a group of AI experts and researchers at the Fairmont Hotel in San Francisco on June 20, 2023. The meeting involved seven prominent artificial intelligence companies, including Google, Microsoft, and OpenAI, who pledged to develop methods for consumers to identify AI-generated content and test their tools for security before public release. …
In a small town located 30 miles north of Austin, Texas, on a vast 1,200-acre plot of land, technology giant Samsung is investing a staggering $17 billion to construct a semiconductor fabrication plant. Similarly, in Sherman, a city four hours north of Austin, Texas Instruments is initiating a $30 billion chip project, which happens to …
Two sellers offering merchandise for sale through a TikTok livestream. Bay Ismoyo | Afp | Getty Images TikTok has partnered with Atome, a “buy now, pay later” service, to introduce installment payments on its e-commerce marketplace in Malaysia. This move is part of TikTok’s broader strategy to expand its e-commerce presence in Southeast Asia. Under …
Taiwan Semiconductor Manufacturing Co. (TSMC) has announced a delay in the production timeline of its new chip plant in Arizona. The company’s chairman, Mark Liu, cited a shortage of skilled labor as the reason behind the delay. Instead of the initial plan to start production in 2024, TSMC now expects to begin operations in 2025. …
Indicted FTX founder Sam Bankman-Fried exits United States Court in New York City, June 15, 2023. Mike Segar | Reuters Sam Bankman-Fried, co-founder of the unsuccessful cryptocurrency exchange FTX, faces a lawsuit in Delaware bankruptcy court alleging that he and members of his leadership team embezzled hundreds of millions of dollars. The attorneys representing the …
Tesla CEO Elon Musk and design leader Franz von Holzhausen unveiled their latest Cybertruck design at the grand opening of a factory in Austin, Texas. Source: Tesla Shares of electric automaker Tesla plummeted by over 7% on Thursday as investors became disillusioned with unclear remarks from CEO Elon Musk and other executives regarding the company’s …
A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images) Sam Yeh | Afp | Getty Images Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, experienced a significant decline in …
On July 12, 2023, Honor introduced its highly anticipated Magic V2 foldable smartphone in the Chinese market. JD.com, a leading e-commerce site in China, currently ranks the Honor Magic V2 alongside Apple iPhone models in the top three positions for “hot sales” of smartphones. The Magic V2, a spin-off from Huawei, made its debut with …
The House Select Committee on the Chinese Communist Party has raised concerns about investments made by four U.S. venture capital firms in Chinese tech startups. The committee sent letters to GGV Capital, GST Ventures, Qualcomm Ventures, and Walden International, expressing “serious concern” over their investments in areas such as artificial intelligence, chipmakers, and quantum computing …
IBM Chairman and CEO Arvind Krishna participated in a panel session at the World Economic Forum in Davos, Switzerland on January 17, 2023. Image Source: Stefan Wermuth | Bloomberg | Getty Images IBM released its second-quarter earnings on Wednesday, surpassing analysts’ estimates with improved gross margin. However, revenue fell short of consensus estimates. In after-hours …