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...
Read More »UK Regulator Approves Amazon’s $1.7B Acquisition of Roomba-maker iRobot
UK’s Competition and Markets Authority (CMA) has given a go-ahead to the deal noting that Amazon is not violating any competition concerns. Earlier today on Friday, June 16, Britain’s competition regulator gave a go-ahead to Amazon for its planned acquisition of the Roomba vacuum cleaner maker – iRobot Corporation. UK’s Competition and Markets Authority (CMA) said that they have cleared the deal which would not lead to any competition concerns in the country. Earlier in April 2023, the...
Read More »Crypto Exchange Bybit Taps into ChatGPT to Advance Trading Tools
ByBit is not the only crypto trading platform recognizing the potential of AI in delivering enhanced user experiences. Other leading exchanges have also explored the integration of ChatGPT into their platforms. Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools...
Read More »Twitter Faces $250M Copyright Lawsuit from Music Publishers
The recent lawsuit against Twitter for alleged copyright infringement involving music publishers has shed light on the platform’s struggles with music licensing. Social media giant Twitter Inc is no stranger to controversy, but this time it finds itself in hot water as music publishers have filed a lawsuit against the company, seeking a staggering $250 million in damages. The National Music Publishers’ Association (NMPA) is suing Twitter on behalf of 17 music publishers who represent some...
Read More »Ethereum Remains Unaffected by AWS Outage that Affects Burger King, McDonald’s, and Taco Bell
An AWS outage shut down several apps and disrupted services, but did not disturb Ethereum despite hosting more than 64% of nodes. Although Amazon Web Services (AWS) had a minor outage on Tuesday, where it was temporarily unavailable, Ethereum remained unaffected. The temporary downtime did not affect Ethereum’s network nodes, which are mostly hosted on AWS. AWS first revealed at 12:08 PDT that it started an investigation into increased error rates and latencies it had noticed. The company...
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