The company initially planned to test its internet satellites aboard ULA’s new Vulcan rocket earlier this year. However, the e-commerce giant faced an unforeseen setback when the rocket experienced an explosion. Amazon is set to take its internet satellite “Project Kuiper” on its first mission to space on Friday, October 6. In a recent announcement on Tuesday, the company said that Project Kuiper will be taking a “protoflight” mission into space with the launch of two test satellites,...
Read More »OpenAI Rival Anthropic Taps Google and Others to Raise $2 Billion
With the massive fundraise, Anthropic will focus on making significant developments on Claude Next and increase spending to boost its AI model. A week after raising $1.25 billion from tech giant Amazon, OpenAI rival firm Anthropic has tapped Google and others to raise an additional $2 billion in fresh funding. Google had already picked up a 10% stake in Anthropic last year in 2022. Sources familiar with the matter stated that Google is planning to raise its stake further. The two-year-old...
Read More »Amazon and Anthropic Join Efforts to Advance Generative AI
Within the newly announced collaboration, Amazon will invest as much as $4 billion into Anthropic, with AWS becoming Anthropic’s primary cloud provider for mission-critical workloads. American e-commerce giant Amazon.com Inc (NASDAQ: AMZN) has announced a strategic partnership with San Fransisco-based AI safety and research startup Anthropic. Within the deal, Amazon and Anthropic will work on developing advanced generative AI models that are safer, better-performing, and more reliable....
Read More »Amazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO
CoinspeakerAmazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO Amazon is looking to anchor the IPO and has joined Nvidia, Apple, Intel, TSMC, and Samsung in official talks with Arm Ltd. Amazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO
Read More »SoftBank’s Chip Designer Arm Eyes $70B Valuation in Upcoming IPO
CoinspeakerSoftBank’s Chip Designer Arm Eyes $70B Valuation in Upcoming IPO The move to go public comes amid growing interest in artificial intelligence chips, reflected in the increased market mood towards technologies linked to generative AI. SoftBank’s Chip Designer Arm Eyes $70B Valuation in Upcoming IPO
Read More »Google Plans Major Upgrade to Its Assistant with Generative AI Features
CoinspeakerGoogle Plans Major Upgrade to Its Assistant with Generative AI Features Meanwhile, Google is not alone in its pursuit of enhancing AI-powered virtual assistants. Google Plans Major Upgrade to Its Assistant with Generative AI Features
Read More »DoorDash Joins AI Frenzy with Creation of AI-driven Chatbot
CoinspeakerDoorDash Joins AI Frenzy with Creation of AI-driven Chatbot DoorDash's deployment of an AI-based chatbot is just one of the recent additions and service offerings the company has introduced to enhance its food delivery platform. DoorDash Joins AI Frenzy with Creation of AI-driven Chatbot
Read More »US Tech Giants to Benefit from Improved Cloud Business Thanks to Focus on AI
CoinspeakerUS Tech Giants to Benefit from Improved Cloud Business Thanks to Focus on AI US big tech may be seeing their cloud businesses pick up steam again as interest in AI rises, and consumers spend more on advertising. US Tech Giants to Benefit from Improved Cloud Business Thanks to Focus on AI
Read More »Exploring Current State of MAANG and MANATAM Stocks
CoinspeakerExploring Current State of MAANG and MANATAM Stocks The inclusion of Nvidia, Tesla, and Microsoft expands the reach of the MAANG stocks, encompassing electric vehicles, Graphic Processing Units (GPUs), and software. Exploring Current State of MAANG and MANATAM Stocks
Read More »Singapore Ride-Hailing Giant Grab Plans First Massive Layoffs since Pandemic
Despite expressing positive revenue projections for 2023 and accelerating its profitability timeline in February, Grab is now planning a fresh round of layoffs. Grab Holdings, a Singapore-based ride-hailing and food delivery company, is gearing up for its largest round of layoffs since the pandemic, according to a report by Bloomberg on Tuesday. Sources familiar with the matter stated that the company would officially announce the planned job cuts this week, which is expected to surpass...
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