Tag Archives: Technology News

NEOM is set to pump $50 million into Animoca Brands as Animoca supports the region’s Web 3.0 and tech goals as part of Saud’s 2030 vision. Hong Kong-based game developer and venture capital company Animoca Brands Corporation Ltd has announced a strategic partnership with Saudi Arabia’s NEOM Investment Fund. The two entities are collaborating to further the Saudi Vision 2030 plan, with Animoca Brands providing Web3 services and handling related initiatives. NEOM is a region in Saudi...

The G7’s AI Code of Conduct emerges at a time when governments worldwide are grappling with the transformative power of AI. The Group of Seven (G7) industrial countries, consisting of Canada, France, Germany, Italy, Japan, Britain, the United States, and the European Union is set to make a significant stride in the Artificial Intelligence (AI) development space. As of October 30, G7 nations are expected to agree upon a comprehensive AI code of conduct, a crucial framework designed to guide...

The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform. In a recent virtual conference commemorating the first anniversary of Elon Musk‘s acquisition of the social media platform Twitter, now rebranded as X, the billionaire tech mogul unveiled intriguing plans for the future of the platform. According to a Business Insider report citing people familiar with the matter, Musk plans to...

Although the monetary terms of the acquisition were not disclosed, this is not the first time Animoca Brands would be investing in Web 3.0 game companies. Popular gaming giant Animoca Brands has announced its acquisition of Web 3.0 streaming platform Azarus as part of its metaverse gaming revolution. Animoca would be seeking to leverage Azarus’ cutting-edge technology in a bid to improve its Web 3.0 games streaming capabilities. Although the monetary terms of the acquisition were not...

Xiaomi’s founder and chairman of the board Lei Jun said it took approximately 5000 software engineers’ combined efforts to develop the new operating system. Chinese smartphone maker Xiaomi has announced the launch of its cutting-edge operating system HyperOS after five years of dedicated hard work and research. The new OS, unveiled Thursday during the company’s launch event theme “Leap Beyond the Moment”, will debut alongside Xiaomi’s upcoming range of smartphones, wearables, and TV sets...

The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets. On Thursday, October 26, Ford Motor Co (NYSE: F) reported its Q3 2023 earnings while missing Wall Street expectations. The company has been restructuring its operations and regrouping after the conclusion of nearly six weeks of US labor strike that cost the company a staggering $1.3 billion. Ford in Q3 2023 In the third quarter, Ford reported a shift to net income,...

Apple is considering leveraging AI within Xcode to assist app developers in creating their applications. Apple Inc (NASDAQ: AAPL) is gearing up for a significant leap into the world of generative artificial intelligence (AI), with plans to invest around $1 billion annually to develop its own AI solutions, Bloomberg reported Monday, citing people familiar with the matter. The move comes as a strategic response to the escalating advancements in AI technology by other tech giants such as...

Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively. Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud has integrated MultiversX into its platform, offering support for Web 3.0 projects. Thus, users will...

In parallel to the subscription plan announcement, X is taking measures to combat manipulation, spam, and bot activity on its platform. Elon Musk, the CEO of various innovative companies and owner of social media platform X (formerly Twitter) recently confirmed the introduction of two new premium subscription plans for X. New Premium Subscription Options on X X Premium, the current subscription service for X, offers a range of exclusive features for $8 per month. These features include...

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....