This is what it looks like when Google dances: Alphabet just reported a blockbuster quarter, and the narrative around the company is starting to shift.
businessinsider.com/google-q1-2024-earnings-dances-2024-4
AI could kill off most call centres, says Tata Consultancy Services head: Chatbots will soon take over much of the work of human agents, forecasts chief of ...
ft.com/content/149681f0-ea71-42b0-b85b-86073354fb73
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
‘Terminator’ creator James Cameron predicts AI could take on Hollywood ‘Terminator’ creator James Cameron says AI could replace him — but not Schwarzenegger
Thoma Bravo to buy cybersecurity firm Darktrace for $5.3 billion: Darktrace has deep ties to Mike Lynch, who's on trial in the U.S. for fraud.
axios.com/2024/04/26/thoma-bravo-cybersecurity-darktrace-mike-lynch
Darktrace exit snuffs out another light on the London market: The cyber specialist has had a bumpy three-year ride as a public company
ft.com/content/3b01781f-f68a-4886-962f-f6051c7808be
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Google parent Alphabet announces first-ever dividend, shares soar: Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buybuck ...
reuters.com/technology/google-parent-alphabet-announces-first-ever-divided-20-cents-per-share-2024-04-25/
US wants allies to cut chip-related China exports amid Huawei alarm : Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and ...
ft.com/content/4ecea0a7-a5cd-40b0-8a24-b72c1c1a8996
Meta’s stock plunges on ‘aggressive’ AI spending plans: Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in ...
cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Shopify sets its sights on big-ticket clients: The ecommerce platform for millions of merchants has ambitious plans to expand at the high end
ft.com/content/5298ec2a-aba0-44fc-bcaa-7fd8a7799c2d
Latin American developer outsourcers capitalise on remote work boom: Agencies providing overseas-based staff for US clients have prospered
ft.com/content/9a9bbb9c-8995-4025-a364-c92d0ad3e2b4
Chinese owner denies it’s willing to sell TikTok as US ban looms: TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social ...
cnn.com/2024/04/25/business/bytedance-denies-reports-selling-tiktok-intl-hnk/
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Microsoft’s revenue and cloud sales beat expectations: Shares rise in after-hours trading following earnings report
ft.com/content/ec683341-5765-454d-97f7-76a2502ad66e
Paid articlePaid
Apple accused by Congo over conflict minerals in iPhones: Lawyers representing DRC allege Apple’s products contain illegally exported minerals ...
ft.com/content/9d0dea0a-d613-438c-9921-a47dedc015cf
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Biden is giving $6 billion to Micron for a semiconductor project in upstate New York
npr.org/2024/04/25/1246888804/biden-chips-syracuse-micron
A reformed stock market would unleash Britain’s growth A reformed stock market would unleash Britain’s growth | opinion
It’s not only AI that hallucinates: Human memory is also fallible but people and machines can learn to complement each other
ft.com/content/741f905c-8aa7-4f72-a7f5-7afc19366e43
China's edge in flying cars and an Asian tag-team in AI: Hello everyone, this is Cissy from Hong Kong.When I was at the CES trade show in Las Vegas earlier this ...
asia.nikkei.com/techAsia/China-s-edge-in-flying-cars-and-an-Asian-tag-team-in-AI
Meta shares fall as it predicts higher expenditure on AI : Facebook and Instagram parent steps up investment as Big Tech jockeys for position in the sector
ft.com/content/6f00608a-8392-4062-b1f2-fb63910ac2dd
Paid articlePaid UK regulator examines Microsoft and Amazon’s AI dealmaking: Request for comments into Big Tech’s alliances with artificial intelligence start-ups follows CMA ...
ft.com/content/0597a834-c101-4d01-893d-87c2eca122c9
Japan’s small EV battery suppliers feel the heat in race for scale: Tokyo urges alliances to stay competitive but companies wary of giving up control
ft.com/content/cb4cb6c2-c2cc-406a-917f-e969ee58cbff
China’s SenseTime Soars 36% After Unveiling Latest Generative AI Model: SenseTime Group Inc.’s stock soared its most in more than two years after releasing the ...
bloomberg.com/news/articles/2024-04-24/china-s-sensetime-soars-36-after-unveiling-latest-ai-model
Quick Glance: SenseTime Stock Surges 36% Post Latest AI Model Launch
- SenseTime's stock surged 36% after unveiling the latest SenseNova generative AI model.
- The company introduced SenseNova 5.0 at a Tech Day event in Shanghai, showcasing significant enhancements in linguistic and creative capabilities.
- SenseTime is part of the Chinese companies developing alternative AI platforms to compete with US counterparts.
- The launch of SenseNova 5.0 and SenseTime's efforts to boost growth amid intense competition and geopolitical tensions were emphasized.
Brain organoids target rare neurological disorder: Technique devised for Timothy syndrome could open way to therapies for other untreatable conditions
ft.com/content/b9917693-11d1-45bc-bb5b-698e7afea245
Tesla profits have plummeted. Elon Musk remains all-in on robotaxis: Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk ...
npr.org/2024/04/23/1246643864/tesla-earnings-elon-musk-robotaxi
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
The silent army that makes Beijing’s daily life possible: Robot deliveries are becoming a common sight but in a world of apps and automation it's hard-pressed ...
ft.com/content/8730d1f8-2fe2-4190-b3bf-28a0a53b2d48
Hackers are using developing countries for ransomware practice: Businesses in Africa, Asia, and South America hit before moving on to Western targets.
ft.com/content/53758c43-9349-4f01-9c2c-b452822a3e7e
Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
ft.com/content/d84df824-19c0-4105-ae95-816dd0618efb
Streaming Music Leader Spotify Tops Earnings Target In First Quarter: Streaming music leader Spotify matched estimates for subscribers in the first quarter and ...
investors.com/news/technology/spotify-stock-q1-2024-earnings/
Elon Musk vows to fight Australian injunction to hide church attack videos on X: Billionaire accuses Canberra of censorship over calls to remove footage of ...
ft.com/content/3b13e0c2-78f7-473e-924c-923649832f25
China’s ageing tech workers hit by ‘curse of 35’: Discrimination against older employees particularly apparent in sector where executives openly state preference ...
ft.com/content/5cf306ad-3a39-4357-b7b3-1d2644bb13a7
TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington
ft.com/content/256a45c3-8c78-4448-9dbe-8382c0788457
BCG says AI consulting will supply 20% of revenues this year: CEO projects share of sales will double as companies integrate technology into operations
ft.com/content/33dfaec4-b5e7-4eca-a869-cdd33d447e65
AI boom can even work on your taxes: Tax preparer Intuit’s market valuation bigger than Goldman Sachs after becoming unexpected beneficiary of AI enthusiasm
ft.com/content/76fbe701-b6ae-4b97-960b-181576b52728
Debt-strapped European games group Embracer plans 3-way split: Manager of ‘Tomb Raider’ and ‘Lord of the Rings’ franchises to restructure as it works to pay down ...
ft.com/content/ce9eab87-d15a-4aaa-8c41-d972d9596b35
Swedish gaming break-up powers up stock for struggling investors: Embracer’s move is a pragmatic solution to its excessive debts but an attractive one
ft.com/content/b551ad62-a9d6-4f3a-8609-e7c54f909484
Africa-focused fund draws early investors to tech industry: TLcom Capital doubles previous amount to raise $154mn for continent’s start-ups in a move that could ...
ft.com/content/017f13b8-4319-47e3-846b-b5d4b292af07
Tesla shareholders are bracing themselves for the carmaker’s worst quarterly results in seven years – and they want to know whether Elon Musk’s company is in ... Show more
Tesla shareholders braced for worst results in 7 years
Tesla shareholders braced for worst results in 7 years
Why we can’t stop staring at our own faces online: The rise in video calls has birthed a whole new set of problems for tech companies — and us
ft.com/content/12b97960-4bbd-4eaf-860b-eb001e911e96
Commodity traders bet on big data and AI: Sector pushes to harness latest tech tools as competition from hedge funds intensifies
ft.com/content/ffc4d781-8761-47e4-bb2b-83fa974252b1
Sony and Apollo discuss teaming up to bid for Paramount Global: Media company is already in exclusive talks with Skydance about a potential deal
ft.com/content/cba5892a-b392-46b8-82d3-3bd5f5876186
Quick Glance: US Seeks Alliance with Abu Dhabi on Artificial Intelligence
- The Biden administration actively encourages US tech companies to seek artificial intelligence deals and partnerships in the United Arab Emirates to gain an edge over China.
- Microsoft announced a $1.5 billion investment in G42, an Abu Dhabi-based AI group, as part of the US efforts to dominate in artificial intelligence development.
- The discussions between the US and the UAE highlight how the competition for emerging technologies has become geopolitical, intertwining commercial decisions with national strategic and security interests.
- The Microsoft-G42 deal signifies the initiation of a broader alliance between the US and UAE in the field of artificial intelligence.
Nvidia drops 10% as investors see risk in Big Tech shares: US stock markets suffer their worst run since October 2022 as investors pull back from AI bets
ft.com/content/e7d5852e-a310-470f-a26e-d31fa205e9a0
Rent the Runway needs more than AI to go from rags to riches: Inflation-weary consumers are not the only problem for the online clothing rental company
ft.com/content/27a87f54-5514-4af4-aaec-0c62a4595f6b
Apple pulls WhatsApp and Threads from App Store on Beijing's orders: Apple says it has removed Meta’s WhatsApp messaging app and its Threads social media app ...
abcnews.go.com/Business/wireStory/apple-pulls-whatsapp-threads-app-store-beijings-orders-109425756
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Investor nerves tested as market themes unravel : Magnificent Seven tech stocks have come off the boil but is it just a blip?
ft.com/content/5f0e0d32-8b92-4f58-9b1b-cf196474de2f
Schneider Electric Is in Deal Talks with Bentley Systems (BSY): Schneider Electric SE is in talks about a potential deal with engineering software maker Bentley ...
bloomberg.com/news/articles/2024-04-19/schneider-electric-says-it-s-holding-talks-with-bentley-systems
Paid articlePaid Fintech finally starts to add up for investors: More firms may be seeking listings in the next year
ft.com/content/bf34e647-d39b-4fd4-adcb-2a82179875e7
Tyler Cowen: Why we will learn to love AI: The American economist who once said the age of rapid innovation was over has a striking prognosis about AI
ft.com/content/5c744d08-4326-4154-8398-3ff0dd1ec5ce
Mistral in talks to raise €500mn at €5bn valuation: One-year-old French start-up approached by multiple investors who view it as Europe’s answer to OpenAI
ft.com/content/358fc1d8-8276-4e81-9ee6-e0391575d569
Netflix just hinted towards a plan that may aggravate its users: Netflix just revealed that it isn’t shy about stepping into murky waters.
star-telegram.com/news/business/article287844205.html
Meta’s AI chatbot is coming to social media. Misinformation may come with it.: As MetaAI rolls into Facebook, Instagram and WhatsApp, experts warn that the ...
washingtonpost.com/technology/2024/04/18/meta-ai-facebook-instagram-misinformation/
Google CEO: Political debates don't belong at work: Google CEO Sundar Pichai's message to workers is loud and clear: Don't bring politics into the workplace.
businessinsider.com/google-ceo-sundar-pichai-comments-debate-politics-issues-2024-4
Meta releases latest AI model, Llama 3: Meta released the first two models of Llama 3 on Thursday; they've been integrated into Meta AI ...
businessinsider.com/meta-releases-latest-ai-model-llama-3-2024-4
Quarter of UK children aged 5-7 own smartphones, regulator finds: Ofcom report reinforces online safety concerns as social media apps show significant growth ...
ft.com/content/e4bd4d99-6109-490e-9020-3a6bf1ce8ad3
TSMC's first quarter profit rises 9%, beats forecasts: TSMC , the world's largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales ...
reuters.com/technology/tsmc-set-report-5-rise-first-quarter-profit-strong-ai-chip-demand-2024-04-18/
Quick Glance: TSMC Forecasts Q2 Growth Due to 'Insatiable' AI Demand
- TSMC, the world's largest chipmaker, forecasts a potential up to 30% increase in sales in the second quarter, driven by strong demand for semiconductors used in artificial intelligence (AI).
- The CEO of TSMC emphasized the insatiable demand for energy-efficient computing power for AI applications, stating that almost all AI innovators are collaborating with the company.
- Benefiting from the AI wave, TSMC expects revenue from AI servers to surpass 20% by 2028. The company anticipates that strong demand for its 3nm and 5nm technologies will support business in the second quarter of 2024.
- Forecasts for 2024 indicate TSMC's positive outlook, with expectations of revenue rising in the low- to mid-20% range. Despite sluggish smartphone demand, the company remains optimistic about the future due to the ongoing demand for advanced chip technologies.
Crypto regulation must not prioritise memes over matter: Lack of clarity in the industry is causing confusion among entrepreneurs
ft.com/content/1ceaa1c6-47df-4430-950e-ffcbf1cc8f7b
US AI Legislation Proposals Draw Criticism From Citizens and Companies Alike: AI legislation proposals across US states are being criticized in all fonts ...
techtimes.com/articles/303777/20240419/ai-legislation-proposals-draw-criticism-citizens-companies-alike.htm
Huawei's latest surprise and an unexpected avatar: Hi everyone! This is Lauly from Taipei, still recovering from the mental shock of the biggest earthquake to ...
asia.nikkei.com/techAsia/Huawei-s-latest-surprise-and-an-unexpected-avatar
TikTok ban bill put on faster track through US Congress: Move to bundle divest-or-ban measure with foreign aid could compel Senate to act against Chinese-owned ...
ft.com/content/c980675b-65a4-4f64-ba5a-dd87fef4f39a
How did customer service get so bad?: The collapse of standards is costing companies a fortune and the rest of us our sanity
ft.com/content/0a5d30ed-164f-4b9f-a049-fc9692219f79
Tesla asks shareholders to help Elon Musk get paid $56 billion: Tesla's stock has slumped in 2024 amid concerns about middling demand for EVs
axios.com/2024/04/17/elon-musk-pay-package-tesla-delaware-court
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
- Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.
- The company asserts that implementing the plan is crucial for Tesla's future growth.
- Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
ASML Q1 bookings miss forecast, but China sales hold up: ASML , the largest supplier of equipment to computer chip makers, reported weaker than expected ...
reuters.com/technology/asml-reports-q1-earnings-13-billion-worse-than-expected-new-bookings-2024-04-17/
AI’s electricity problem: Tech chiefs warn that power-hungry data centres are a bottleneck in developing AI
ft.com/content/f8a31e16-2dfb-4275-bbce-07ba210aabd8
Trying to win the AI war will be really, really, really expensive: DeepMind boss Demis Hassabis suggests Google will spend more than $100 billion on AI ...
businessinsider.com/deepmind-demis-hassabis-cost-ai-wars-google-openai-nvidia-chips-2024-4
TUC calls for law to protect UK workers when employers use AI: Union body’s proposals include human involvement when technology makes ‘high-risk’ decisions like ...
ft.com/content/025f1775-8e9a-4ab6-868a-98f1bacec61e
OpenAI’s model all but matches doctors in assessing eye problems: Research harnesses power of generative artificial intelligence in latest sign of its potential ...
ft.com/content/5b7a76be-467c-4074-8fd0-3e297bcd91d7
Power-hungry AI is putting the hurt on global electricity supply: Data centers are becoming a bottleneck for AI development.
ft.com/content/b7570359-f809-49ce-8cd5-9166d36a057b
Quick Glance: Growing Demand for AI Threatens Global Power Supply
- Tech experts concerned about crucial role of energy supply in AI development.
- The increasing need for electricity poses a challenge for advancements in artificial intelligence.
- Global data centers are expected to require more capacity by 2030 than currently available.
- Concerns about environmental impact of technology boom heightened by data centers' energy consumption.
Can AI really change our material world? : Compounds produced by the technology challenge our idea of novelty
ft.com/content/ca7f67c5-6db7-4cbb-858b-67876d2c1e63
Are video games coming for the novel?: With immersive storylines and powerful, emotive writing, some of the most thrilling fiction out there is being created in ...
ft.com/content/0011d15a-4f37-4fc6-8e10-52d6f023238e
Andreessen Horowitz Raises $7.2 Billion, Plans More for 2025: Andreessen Horowitz, one of Silicon Valley’s biggest venture capital firms, has raised $7 ...
bloomberg.com/news/articles/2024-04-16/andreessen-horowitz-raises-7-2-billion-plans-more-for-2025
Paid articlePaid Microsoft invests in Arabic AI firm as U.S. tries to limit China’s sway: The investment in Abu Dhabi-based G42, a regional technology giant, is expected to forge ...
washingtonpost.com/business/2024/04/16/microsoft-g42-artificial-intelligence-cloud/
Quick Glance: Microsoft to Invest $1.5 Billion in Emirati AI Firm G42 for Minority Stake
- Microsoft is investing $1.5 billion in the United Arab Emirates-based artificial intelligence firm G42 to acquire a minority stake and a board seat.
- The partnership aims to deepen ties between the USA and the UAE amid the global battle for tech dominance.
- The deal includes G42 using Microsoft cloud services to run its AI applications.
- G42 and Microsoft plan to jointly bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.
Leading AI makers at odds over how to measure "responsible" AI: With no generally agreed benchmark test, potential customers and users are at sea.
axios.com/2024/04/16/responsible-ai-metrics-benchmarks
Apple loses smartphone crown to Samsung as Chinese rivals gain ground: iPhone sales fall 10 per cent in first quarter of 2024 while groups including Xiaomi and ...
ft.com/content/2c13254b-9995-4408-b02b-6f07ce706b8e
Quick Glance: Samsung Takes Smartphone Crown from Apple
- Apple loses top position in the global smartphone market to Samsung as Chinese competitors gain traction.
- Samsung regains its status as the world's largest smartphone manufacturer in the first quarter of 2024, just three months after Apple claimed the top spot.
- The market's strongest growth comes from two Chinese manufacturers, while Apple continues to face challenges in the world's largest smartphone market.
- Despite an overall increase in global smartphone shipments, Apple experiences a decline in iPhone sales in China and misses out on much of the broader industry recovery.
Samsung boosts Joe Biden’s chipmaking ambitions with major Texas plant upgrade: South Korean group set to outdo rival TSMC with cutting-edge 2nm chip production ...
ft.com/content/4124eb79-ea40-411d-85df-0235774e316b
Why chipmakers are investing billions into ‘advanced packaging’: The technique of stacking multiple chips closely together is crucial to improving the ...
ft.com/content/19710eda-b4c3-488b-a42a-1c6b25c18a12
This tech IPO revival does not come with a blockbuster pipeline: Transition, as in Rubrik’s case, complicates the financial picture and could weigh on valuations
ft.com/content/cecc9186-a56c-4f73-a833-0a19c7a8cca5
UK rethinks AI legislation as alarm grows over potential risks: Government draws up regulatory blueprint while competition watchdog expresses ‘real concerns’ ...
ft.com/content/311b29a4-bbb3-435b-8e82-ae19f2740af9
The rise of the chief AI officer: More companies are appointing staff to oversee the technology. What do these senior leaders actually do?
ft.com/content/4c5d823e-004b-4f00-9536-9fea93330453
World of Warcraft’s return to China will bring peace to NetEase investors: The gaming giant once made as much as 5 per cent of its total sales from Blizzard ...
ft.com/content/ed84b6c0-9292-45e0-a443-3bf7b6954887
Where is artificial general intelligence? My grandfather’s guess is as good as yours
ft.com/content/4cecce94-48a6-4eba-b914-dd23d1e11ac9
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