The U.K. government recently issued a strong response to Elon Musk’s controversial comments regarding the riots occurring across the country. Musk’s remarks, shared on the social media platform X, lamented that “Civil war is inevitable” in response to the violent disorder that has been taking place in towns and cities like Liverpool and Manchester. These
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Microsoft recently retorted Delta Air Lines’ claims of not modernizing its technology prior to the massive IT outage that led to the cancellation of thousands of flights. Delta CEO, Ed Bastian, insisted that Microsoft and CrowdStrike were responsible for the disruptions, leading to significant financial losses for the company. However, Mark Cheffo, a Dechert partner
John Schulman, the co-founder of OpenAI, recently announced his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This decision comes in the wake of OpenAI disbanding a superalignment team focused on ensuring human control over AI systems surpassing human capabilities in various tasks. Schulman had a prominent role
As the U.S. markets opened on Monday, the tech industry experienced a significant blow with the megacap companies collectively losing approximately $1 trillion in market cap. Nvidia, a prominent chipmaker, saw a staggering loss of over $300 billion in market cap at the opening bell. Although the company was able to recover about half of
Elon Musk has once again filed a lawsuit against Sam Altman in federal court, accusing him of manipulating Musk into co-founding OpenAI under false pretenses. Musk claims that Altman and current OpenAI President Greg Brockman deceived him into believing that the organization was a non-profit, only to later establish a web of for-profit affiliates, engaging
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
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