Tag Archives: Technology News

Musk blamed the SEC and the Biden Administration for constant scrutiny into his Twitter acquisition while expressing his confusion and frustration in the matter. On Thursday, October 5, the US Securities and Exchange Commission (SEC) sued Elon Musk in order to force him to testify about the acquisition of Twitter last year. In a legal document filed in the Northern District of California, SEC lawyers have accused Elon Musk of non-compliance with a subpoena mandating his appearance for a...

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,...

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...

Softacom CEO predicted that Artificial General Intelligence (AGI) would be realized within the next decade. Masayoshi Son, the founder and CEO of SoftBank Group Corp (TYO: 9984), has advised businesses in Japan to embrace the potential of Artificial Intelligence (AI) and called for early adoption. Son delivered the statement while speaking at the recent SoftBank World corporate conference, an annual event for the company’s corporate clients in Japan. Son’s keynote address brimmed with...

The news of the deep fake videos comes as the daughter of late comedian Robin Williams expressed her displeasure at AI-generated recreations of her father’s voice. Actor Tom Hanks has publicly denounced a deep fake video of himself promoting a dental plan. Hanks took to Instagram to warn his 9.5 million Instagram followers not to fall for the advert. Hank said: “There’s a video out there promoting some dental plan with an AI version of me. I have nothing to do with it.” Hanks has...

The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists. IYK, a Web3 startup whose clientele includes Adidas, Billionaire Boys Club, and Atlantic Records, has successfully raised over $16.8 million in a seed round. Founder Ryan Ouyang announced this milestone on his official X (formerly Twitter) account, emphasizing that a16z Crypto, also known as...

The potential deal might put the company’s value anywhere from $5 billion to $6 billion. Character.AI, an artificial intelligence startup founded by former Google employees, is in the early stages of discussions to secure substantial funding, possibly exceeding $5 billion in valuation, Bloomberg reported on Thursday, citing people familiar with the matter who wished to remain anonymous. According to the report, the company, having emerged as an early frontrunner in the realm of generative...

Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the successful completion of its Series D funding round, raising an impressive 2 billion yuan (approximately $273.7 million). This...

Despite its aim to achieve profitability next year, the company grapples with persistent challenges. During the Vox Media Code Conference on Wednesday, Linda Yaccarino, CEO of X (formerly Twitter), said confidently that the company is on track to achieve profitability in early 2024. The optimistic outlook follows the company’s determined efforts to rebuild its reputation and regain advertisers who had previously distanced themselves due to content-related concerns. “Now that I have...

Participants at the Meta Connect conference expect details of the company’s investment in the metaverse at the 2-day event. The CEO of Meta Platforms Inc (NASDAQ: META) is expected to provide information on the company’s investment in the long-awaited Meta metaverse development at the Meta Connect conference today and tomorrow. Participants at Meta Connect expect to hear details about Meta’s plan to attract investment in artificial intelligence powered by virtual reality (VR) and augmented...