European Union antitrust chief Margrethe Vestager, who has been looking into Big Tech's partnerships with AI start-ups, met on Friday fast-growing French start-up company Mistral AI and said the sector needs more competition. In February, Microsoft invested $16 million in Mistral AI and partnered with them to make its artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI. Other high-profile AI partnerships include Amazon and Google's...
Hong Kong-based crypto exchange HashKey has announced that it will stop accepting deposits and handling withdrawals to and from wallets linked to Binance.
China has taken big stakes in mines across the world extracting minerals vital to the green economy.
TechSpot is actively looking to hire writers that are driven and enthusiastic about technology. If you are a TechSpot reader, then you know the job requires profound understanding of technical matters and the ability to write about them with authority and accuracy.Read Entire Article
The competition watchdog has won a legal challenge against the Competition Appeal Tribunal over domestic search warrants for an alleged cartel investigation
In recent months, hotel industry chatter and scuttlebutt swirled around the idea that Hilton is within striking distance of overtaking Marriott in terms of loyalty program size. There’s plenty of debate around whether that might actually happen, but Marriott executives Wednesday made a point during the company’s first-quarter earnings call to note (without naming names) …
The Federal Trade Commission is challenging patents on 20 brand-name drugs, including the blockbuster weight-loss injection Ozempic
The Oakland Athletics have taken another significant step toward Nevada, retaining a major player in sports finance to broker a deal intended to provide team owner John Fisher with $500 million toward a new ballpark on the Las Vegas Strip. Nevada legislators last June approved $380 million in public funding toward the estimated $1.5-billion cost of the ballpark, with the A’s responsible for the balance, but access to the public money requires disclosure of a financing plan for the balance of the...
The buzz around artificial intelligence has companies scampering to hire top talent in the market to run their AI ops and design future strategy. Job portals and headhunters are currently swamped with requests from top corporations on the lookout for a chief AI officer (CAIO).Job portals show over 350 openings for AI leadership roles in India and 10 for the role of CAIO, according to Kapil Joshi, deputy CEO, Quess IT Staffing.A February study by Nasscom and BCG found approximately 70% of...
This uptick in pollution is largely driven by wildfires, alongside prevailing issues of drought and extreme heat.
Technology majors Meta, Alphabet, and Microsoft unveiled their earnings for the first quarter of 2024. Artificial intelligence (AI) continued to be a major spending area for all three companies.Let's break down the earnings reports:FinancialsGoogle: Google's parent, Alphabet, reported strong financial results for the first quarter of 2024. Profits reached $23.7 billion on revenue of $80.5 billion, with growth attributed to cloud computing, YouTube, and continued strength in online search...
Meta said that it would be spending billions of dollars more on its AI efforts, raising expenditure forecasts in this area from $30 - 37 billion to $34 - 40 billion for the year. It cited heavy investment in AI infrastructure such as data centers, chip designs, and research andRead Entire Article