Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images U.S. sanctions over the years on China’s semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector. The boom of artificial intelligence and foundational models has only spurred on China’s goal of
Technology
Apple shares slid nearly 3% in Monday afternoon trading, after reports that demand for the new iPhone 16 is lower than expected — and down 12% year over year from the first-weekend sales of the iPhone 15 last year, TF Securities analyst Ming-Chi Kuo wrote in a note. “The key factor is the lower-than-expected demand
Elon Musk, chief executive officer of Tesla Inc., at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. Samuel Corum | Bloomberg | Getty Images Brazil’s supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk’s social
Ransomware has long been plaguing American municipalities. It appeared to be another typical ransomware attack that impacted the city of Columbus, Ohio, this past July. The city’s response to the hack, however, was not, and it has cybersecurity and legal experts across the country questioning its motives. Connor Goodwolf (legal name is David Leroy Ross) is an
OpenAI stormed onto the scene with ChatGPT and upended the tech world in less than two years. But over the next few months, the artificial intelligence darling will face some of its biggest tests yet. A highly anticipated partnership with Apple will supercharge its reach, putting it in front of millions of users who may
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images It was a week of extremes for bitcoin enthusiasts. On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty Images Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet‘s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images Tiger Global is planning to join OpenAI’s buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to
Workers stage a protest to demand higher wages and recognition of their union, at Samsung India’s plant in Sriperumbudur, near Chennai on September 11, 2024. R.satish Babu | Afp | Getty Images Shares of Samsung Electronics fell as much as 3% on Friday, as workers at its southern Indian plant continued to strike, disrupting production
The ripple cryptocurrency altcoin sits arranged for a photograph in London on April 25, 2018. Jack Taylor | Getty Images News | Getty Images The price of the XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. XRP was last higher by
Data centers today are crucial computing infrastructure that power the modern-day internet. In Pictures Ltd | Andrew Aitchison | Corbis News | Getty Images LONDON — The U.K. on Thursday said it now classes data centers as critical infrastructure, in a move that is expected to boost cybersecurity in the country and help operators of
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023. Bloomberg | Bloomberg | Getty Images Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said. Cesc Maymo | Getty Images News | Getty Images
Arvind Jain, CEO Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images AI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the tech company at $4.6 billion — more than
Illustration of a user browsing booking information for Huawei’s new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. Cfoto | Future Publishing | Getty Images As Huawei tries to upstage Apple‘s new iPhone with the launch of its own ‘trifold phone’ on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs,
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares popped 13% on Monday and are trading at their highest since early
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