Innovations, gadgets, and tech industry news.
CFO Sarah Friar, OpenAI CEO, said that the company’s investors need not worry as the current funding round would indeed be closed before next week, even if this were to be the biggest spate of executive departures in the company’s history. According to an email by Friar to investors, the funding round was oversubscribed at…
The Federal Trade Commission (FTC) recently reported a disturbing case in which promises for “passive income” from Amazon storefronts led to death threats when it posted a poor online review. A victim of this scheme, Jamaal Sanford invested $35,000 into an e-commerce automation service called Ascend Ecom, which he was promised would bring in a…
The latest case to come before the court is that of “American Eagle Outfitters” vs. “Amazon,” suing the latter for allegedly selling counterfeit products that mimic the clothing line of “Aerie,” the popular subbrand of American Eagle. Filed in September last year in the Southern District of New York, the lawsuit claimed that Amazon had…
The shares of the chief chipmaker rose 4% as reports surface that its chief executive, Jensen Huang, has completed selling all shares allocated under his scheduled sale plan amounting to a staggering $713 million. These sales have been done on the basis of a 10b5-1 trading plan under which executives are allowed to sell their…
The AI market is growing at an unstoppable pace to unprecedented heights, where the industry estimates it would reach nearly $1 trillion by 2028. Industry-wide adoption and pioneering innovations in generative AI, machine learning, and automation are driving this investment growth. Current Market Size and Future Growth Probability Global AI market size has touched $207.9…
Most recently, cyberfraudsters have started using a hauntingly sophisticated form of fraud known as “deepfake” scams that uses artificial intelligence to compromise financial and accounting information. Such deepfake attacks—that spoof the trusted by manipulating video and audio—are skyrocketing. One recent study has recorded a whopping 2137% increase in attempts at deepfake-related scams, urging the need…
It is the debate regarding AI-powered Copilot+ PCs that has become dramatic in 2024, implying a giant stride in personal computing. Featuring the most advanced AI copilot technology by Microsoft, these laptops boast performance and personalization with productivity tools that go beyond what traditional PCs can offer. Such features as AI capabilities are embedded into…
In a world of business ventures galore, Elon Musk is pushing himself to double down on supercomputing technology toward revolutionizing everything; he believes that cutting-edge AI will be the central driver in his growth scenarios. One of the biggest projects he has had is in the process of developing Tesla’s custom-built supercomputer, *Dojo*, which may…
2024 is fast emerging as the year of Middle Eastern sovereign wealth funds turning out to be some of the most prominent entities in the landscape of AI investment around the world. Oil-rich countries like Saudi Arabia, the United Arab Emirates (UAE), Kuwait, and Qatar have led this charge, which basically represents a strategic shift…
But perhaps the most significant of all is this: LinkedIn, owned by Microsoft, silently introduced a feature last year that allows your data to be used in training generative AI models, and only after revealing to the world that users were automatically opted in, but without clear, prior consent, courted widespread outrage. This is not…
