Analysis: U.S. ban on Nvidia, AMD chips seen boosting Chinese rivals
The U.S. ban on exports to China of Nvidia and AMD’s flagship artificial intelligence chips will create new business opportunities for domestic startups jockeying for a piece of China’s fast-growing data center chip market, industry executives and analysts told Reuters.
U.S. officials order Nvidia to halt sales of top AI chips to China
Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms’ ability to carry out advanced work like image recognition and hamper Nvidia’s business in the country.
Exclusive: Facebook-owner Meta tells hardware staffers to prepare for cutbacks
Facebook-owner Meta Platforms Inc (FB.O) is preparing cutbacks in its Reality Labs division, a unit at the center of the company’s strategy to refocus on hardware products and the “metaverse,” a spokesperson confirmed to Reuters on Wednesday.
Mining firm backed by Bezos and Gates to begin Greenland drilling
Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials used in electric vehicles.
Meta has announced the launch of a universal AI-based translation software!
Meta is planning to launch an AI-based revolutionary effort to develop translation software for its users
IBM spinoff Kyndryl signs ‘beachhead’ networking deal with Nokia
Kyndryl (KD.N), the former infrastructure services business of IBM (IBM.N), signed a deal with Nokia (NOKIA.HE) to help automate factories by bringing in cloud computing and artificial intelligence over wireless networks.
TRANSFORMING SOCIETY & THE WORKPLACE THROUGH EDUCATION
By Pascal Bornet As we enter into “the fourth industrial revolution,” as described by World Economic Forum founder and executive chairman, Klaus Schwab, we see a disruption in society as a result of the use of technology and intelligent automation to increase productivity. Many workers have already been displaced and that number will continue to […]
EXCLUSIVE Pearson buys certification group Credly in deal valued at $200m
Education group Pearson has agreed to buy the certification company Credly to expand its offering to businesses looking to train and retain workers at a time of tight labour markets and rapid technological innovation.
Darktrace shares glow as UK cyber group lifts outlook
British cyber security firm Darktrace (DARK.L) lifted its full-year revenue and margin guidance on Tuesday after it enjoyed a near 40% jump in customers, driving its shares higher after a recent slump.
SenseTime plans Hong Kong IPO relaunch Monday, sources say
Chinese artificial intelligence startup SenseTime Group (0020.HK) plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said.
