Business news
Business
Microsoft claims that small, localized language models can be powerful as well
Microsoft has announced the development of a small, locally run family of AI language models called Phi-3 mini. In their Technical Report posted on the arXiv preprint server, the team behind the new SLM describes it as more ...
6 hours ago
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Business
Securing competitiveness of energy-intensive industries through relocation: The pulling power of renewables
Countries with limited potential for renewables could save up to 20% of costs for green steel and up to 40% for green chemicals from green hydrogen if they relocated their energy-intensive production and would import from ...
6 hours ago
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What next for TikTok in the US?
TikTok on Wednesday said it will fight a new US law that orders the popular video sharing app to break away from its Chinese owners or face an outright ban in the United States.
1 hour ago
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Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
Oracle Corp.'s planned campus in Nashville, Tennessee, will serve as the business software giant's world headquarters, placing it in a city that's a center for the U.S. health care industry, CEO Larry Ellison said.
1 hour ago
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Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
British competition regulators said Wednesday they'll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.
4 hours ago
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Business
TikTok suspends rewards program after EU probe
TikTok on Wednesday announced the suspension of a feature in its spinoff TikTok Lite app in France and Spain that rewards users for watching and liking videos, after the European Union launched a probe.
4 hours ago
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Business
TikTok to fight US ban law in courts
TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government.
5 hours ago
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Business
China, future HQ: New ASML boss faces bulging in-tray
Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground.
12 hours ago
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Business
Italy fines Amazon over 'recurring' purchase option
Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices that push customers into agreeing to "recurring" rather than "one-time" purchases ...
12 hours ago
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Business
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles.
13 hours ago
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Business
Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good.
8 hours ago
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Business
Chinese sellers go to TikTok school to reach buyers abroad
Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users.
13 hours ago
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Business
Opinion: The move by Apple Memories to block potentially upsetting content illustrates Big Tech's reach
How do algorithms determine the way we interact with our memories?
Apr 23, 2024
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Business
Google fires more workers who protested its deal with Israel
Google fired at least 20 more workers in the aftermath of protests over technology the company is supplying the Israeli government amid the Gaza war, bringing the total number of terminated staff to more than 50, a group ...
Apr 23, 2024
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Consumer & Gadgets
You don't need to own an iPhone for the government lawsuit against Apple to benefit you
Last month, the Department of Justice filed its long-awaited antitrust suit against Apple, accusing the company of monopolizing the smartphone market. This makes Apple the last of the U.S.-based tech giants to face a major ...
Apr 23, 2024
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