The cancellation of £1.3 billion worth of computing infrastructure projects by the U.K. government has dealt a significant blow to the country’s ambitions to become a world leader in artificial intelligence. The decision to drop two major spending commitments, amounting to £500 million and £800 million, respectively, demonstrates a shift in priorities towards other fiscal
Enterprise
The U.S. Department of Justice has reportedly launched an investigation into complaints that Nvidia, a major player in the artificial intelligence chips market, has been abusing its market dominance. According to reports, the DOJ has reached out to Nvidia’s competitors, such as AMD, to gather information regarding the complaints. The investigation is centered around whether
Meta, previously known as Facebook, saw its shares spike by 6% following the release of its second-quarter earnings report. The company managed to surpass Wall Street’s expectations, reporting an impressive revenue growth of 22% to $39.07 billion, compared to $32 billion in the same period the previous year. Additionally, net income soared by a staggering
Microsoft’s connection with OpenAI has taken a twist recently, complicating their longstanding partnership. The tech giant has included the artificial intelligence startup on its list of competitors in its latest annual report, putting them in the same category as industry giants like Amazon, Apple, Google, and Meta. This move comes as a surprise considering Microsoft’s
Uber and BYD have recently announced a groundbreaking partnership that aims to bring electric cars to the forefront of urban mobility. This strategic alliance not only includes pricing and financing deals for drivers on the Uber platform but also involves the development of “autonomous-capable vehicles” to revolutionize the way we travel. Despite the challenges posed
In the face of ongoing financial pressure from Western sanctions, Russia is considering legalizing the use of cryptocurrency for international payments. The State Duma, the lower house of the Russian Parliament, is set to discuss a new law that would allow settlements in cryptocurrencies within an experimental regime. This groundbreaking move represents a shift in
Apple recently revealed that it had chosen Google’s Tensor Processing Unit (TPU) for training its artificial intelligence models, a surprising deviation from the dominance of Nvidia in the high-end AI training chip market. This decision sheds light on the increasing competition among Big Tech companies for cutting-edge AI capabilities. Apple’s AI system, Apple Intelligence, was
Cryptocurrencies experienced a surge at the beginning of the final week of July as traders absorbed a series of political events that unfolded over the weekend and looked forward to upcoming central bank meetings. Bitcoin saw a 2% increase, reaching $69,640.00, while Ether also rose by 3% to $3,382.15. This positive momentum comes after Bitcoin
Former President Donald Trump spoke at a major Bitcoin conference in Nashville, where he subtly hinted at the potential establishment of a U.S. Bitcoin strategic reserve. However, instead of making any concrete promises, Trump stated that he would preserve the current level of Bitcoin holdings seized from financial criminals by the U.S. government. This approach
Former president Donald Trump made headlines by headlining the biggest bitcoin conference of the year, showcasing a stark transformation in his attitude towards the cryptocurrency. Despite publicly dismissing bitcoin during his time in the White House, labeling it as a “scam” and expressing his preference for the dollar as the global currency, Trump’s recent engagement