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Google Is Almost Ready To Unleash Gemini, Its AI Software

Prior to the much-anticipated release of its conversational artificial intelligence software Gemini, Google is said to have taken a giant step. According to a story from The Information, the tech behemoth owned by Alphabet has granted access to the future AI software to a select number of...

As EU Investigation Intensifies, Apple Attempts To End The French iPhone 12 Controversy

In order to resolve a dispute over radiation levels, Apple promised on Friday to upgrade the software on iPhone 12s in France. However, worries in other European nations suggested Apple may need to take similar steps abroad.   Following tests that the country claimed revealed violations of...

Biggest IPO Of The Year: SoftBank's Arm's IPO Valued At $54.5 Billion

Seven years after the parent company SoftBank Group Corp took the firm private for $32 billion, chip designer Arm Holdings Plc achieved a $54.5 billion valuation in its U.S. initial public offering (IPO) this week.   Compared to the $64 billion value at which SoftBank last month acquired the...

Gigacasting 2.0: Tesla Quietly Revolutionises The Automobile Industry

Tesla had merged a number of advances into a technological leap forward that might change the way it produces electric vehicles and aid Elon Musk in achieving his goal of halving production costs, according to report quoting sources with knowledge of the matter.   The business invented the...

According To The Wall Street Journal, Meta Is Creating A New, More Potent AI System

Meta Platforms is developing a new artificial intelligence system that aims to be as powerful as the most sophisticated model made available by OpenAI, according to a report by the Wall Street Journal quoting information from persons familiar with the situation.   According to the Journal,...

A New Test For China's Real Estate Giant Country Garden For Onshore Bond Extensions

After avoiding default at the last minute twice this month to provide some relief to the crisis-hit Chinese real estate market, embattled developer Country Garden will face a new round of voting by creditors on Monday to extend multiple loan deadlines.   Onshore creditors will vote on...

Ripple Makes Its Second Acquisition Of 2023 As It Acquires A Crypto Infrastructure Startup

A firm that specialises in crypto infrastructure, Fortress Trust, will be acquired by cryptocurrency corporation Ripple on Friday. This will grant it a Nevada licence and help it to grow outside its primary business of blockchain-enabled payments.   The conditions of the arrangement were...

Reports Claim SoftBank's Arm IPO Was Six Times Oversubscribed

According to people familiar with the situation, investor demand for Arm Holdings Plc, a chip designer owned by SoftBank Group Corp. that is seeking approximately $5 billion in its initial public offering, is six times what it is asking for.   The oversubscription increases the likelihood...

AI Partnership Between Nvidia, And Reliance In India For Apps And Language Models

Nvidia, a U.S. semiconductor company, and Reliance, a global leader in telecommunications and retail, announced on Friday their collaboration in artificial intelligence (AI) to build language models, generative apps, and a cloud infrastructure platform for AI development in South Asia.  ...

US Legislator Urges For A Stop To Huawei, And SMIC Exports Following Chip Advancement

Following the discovery of new chips in Huawei phones that may violate trade rules, the U.S. Commerce Department should stop all technology exports to Huawei and China's largest semiconductor company, the chair of the House of Representatives' committee on China said on Wednesday.  ...

SoftBank's Arm Begins Its IPO Process With A $52 Billion Valuation Ask

On Tuesday, Arm Holdings Ltd. of SoftBank Group began the roadshow for its massive initial public offering (IPO), in an effort to persuade investors that it is worth up to $52 billion in the largest share offering of the year.   Arm began its roadshow in Baltimore, the home of significant...

EU Identifies Alphabet, Amazon, Meta, And Three Other Digital Firms As 'Gatekeepers' Subject To Stringent Competition Laws

The new Digital Markets Act, a stringent set of regulations that might disrupt the business models of significant digital platforms, was unveiled by the European Commission on Wednesday, designating six IT titans as "gatekeepers" under its provisions.   According to the Commission, Amazon,...
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