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OpenAI secures $4 billion credit line after big funding round
04 Oct 2024

OpenAI secures $4 billion credit line after big funding round

OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of the most valuable private companies in the world.
Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports

Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports

04 Oct 2024
Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter.
Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns

Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns

03 Oct 2024
A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled "robotaxis" is exploiting a regulatory gray area in U.S. cities, putting lives at risk.
Philippines levies 12% VAT tax on digital services by tech giants

Philippines levies 12% VAT tax on digital services by tech giants

03 Oct 2024
The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday.
OpenAI introduces new tools to fast-track building of AI voice assistants

OpenAI introduces new tools to fast-track building of AI voice assistants

02 Oct 2024
OpenAI unveiled a host of new tools on Tuesday that would make it easier for developers to build applications based on its artificial intelligence technology, as the ChatGPT maker wrestles with tech giants to keep up in the generative AI race.
Oracle to invest $6.5 billion to set up cloud facilities in Malaysia
02 Oct 2024

Oracle to invest $6.5 billion to set up cloud facilities in Malaysia

Oracle plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the company said on Wednesday, the latest major investment by a global tech firm into the Southeast Asian country.
MarTechTalk: The martech transformation in financial services – improving the customer journey

MarTechTalk: The martech transformation in financial services – improving the customer journey

01 Oct 2024
From tailoring content to different channels to harnessing the power of AI, this episode offers invaluable advice on reducing acquisition costs and navigating the complexities of customer interactions.
Nio partners with Monolith for real-time AI EV battery testing

Nio partners with Monolith for real-time AI EV battery testing

01 Oct 2024
Nio is partnering with UK artificial intelligence software startup Monolith to test and improve electric car battery packs in real-time using the Chinese EV maker’s battery swapping service in Europe, the companies said on Tuesday.
Indra to start process to sell stake in tech unit Minsait Payments

Indra to start process to sell stake in tech unit Minsait Payments

01 Oct 2024
Spanish defence and technology firm Indra’s board agreed to start looking for options to sell a stake in its Minsait Payments business, the company said on Monday in a filing to the stock market regulator. 
If your AI seems smarter​, it's thanks to smarter human trainers

If your AI seems smarter​, it's thanks to smarter human trainers

30 Sep 2024
In the early years, getting AI models like ChatGPT or its rival Cohere to spit out human-like responses required vast teams of low-cost workers helping models distinguish basic facts such as if an image was of a car or a carrot.
Exclusive-ByteDance plans new AI model trained with Huawei chips, sources say
30 Sep 2024

Exclusive-ByteDance plans new AI model trained with Huawei chips, sources say

TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei Technologies, said three people familiar with the matter, as U.S. curbs turn the social media giant homeward in search of chips.
Micron rises 13% as strong forecast impresses AI-hungry investors

Micron rises 13% as strong forecast impresses AI-hungry investors

27 Sep 2024
Micron Technology surged more than 13% on Thursday, after its first-quarter revenue forecast indicated strong demand and pricing for the high-bandwidth memory chips (HBM) used to support booming generative artificial intelligence technology. 
Dell asks global sales team to work five days a week in office, memo says

Dell asks global sales team to work five days a week in office, memo says

27 Sep 2024
Dell Technologies said on Thursday that their global sales team employees who are able to work from the company offices must do so five days a week, starting Sept. 30, according to a memo seen by Reuters.
Accenture's AI business takes center stage in quarterly results beat

Accenture's AI business takes center stage in quarterly results beat

26 Sep 2024
IT services major Accenture unveiled a $4 billion share buyback on Thursday, closing the fourth quarter with better-than-expected results thanks to strong demand for its services that help businesses adopt generative AI technology.
AstraZeneca in AI collaboration with Immunai to inform cancer drug trials

AstraZeneca in AI collaboration with Immunai to inform cancer drug trials

26 Sep 2024
AstraZeneca will pay $18 million to biotechnology firm Immunai Inc to use the New York-based firm’s AI model of the immune system to make certain cancer drug trials more efficient, the latter said on Thursday.

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