Twitter’s Traffic Declines as Meta’s Threads Surpasses 100 Million Users in Just 5 Days

User traffic on Twitter has declined since the release of Meta’s text-based app Threads, which has already crossed 100 million sign-ups since its launch last week. Threads app is being touted by executives of Meta as a more positive public square for groups of people who have never really embraced Twitter in its entirety. Meta CEO Mark…

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Alibaba Releases AI Tool to Create Images from Input Prompts

Chinese technology firm Alibaba launched an artificial intelligence tool, Tongyi Wanxiang. This tool can generate images from input prompts. Tongyi Wanxiang allows users to enter prompts in Chinese and English language and the AI tool will create an image in different styles like a sketch or 3D cartoon. Alibaba’s cloud division launched the product and said…

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China Restricts Exports of Metals Critical to Manufacture Electronics and Semiconductors

China is curbing exports of two critical metals that are essential to manufacture electronics and semiconductors, as China’s technology battle with the Europe and USA heats up. These critical metals are germanium and gallium. China and the USA have been locked in a tech trade war since 2019. The USA has used trade blacklists and sweeping export curbs to…

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EU and Japan Look to Cooperate on AI and Semiconductor Chips

The European Union and Japan are looking to cooperate more closely on key technologies like artificial intelligence as both countries are looking to reduce their dependence on China in certain areas. EU Commissioner Thierry Breton said, “Artificial Intelligence will very much be part of the discussion in a meeting with the Japanese government. I will…

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Intel stock declines by 6% as it updates chip manufacturing plans

Intel stock declined by 6% after it gave investors an update about its turnaround plan to become a chip manufacturing firm competing with the Taiwan Semiconductor Manufacturing Company. Intel’s Chief Financial Officer David Zinsner explained how Intel would soon change the way it reports its financial results to give its foundry business, IFS, its own profit-and-loss…

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Google Mentions Microsoft’s Licensing Restrictions as a Complex Web

Google, which has always tried to defend itself against monopolistic behavior across the USA and Europe, is now complaining of anti-competitive practices by Microsoft and Oracle. In a letter to the Federal Trade Commission on Wednesday, Google accused Microsoft uses unfair licensing terms to lock in clients to hold control over the cloud-computing market. Google…

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AWS is allocating $100 million in Generative AI to compete with Microsoft and Google

Amazon’s cloud unit Amazon Web Services said yesterday that it is investing $100 million in a Generative Artificial Intelligence center to help firms use Generative AI. The announcement shows AWS recognizes the importance of the current moment in generative AI space and the significance of being in the talks, alongside competitors Microsoft and Google. AWS CEO Adam Selipsky…

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USA and India Set to Declare Multiple Deals Spanning AI, Defense, and Chips

The USA and India will announce multiple defense and technology collaborations during Indian Prime Minister Narendra Modi’s state visit to the USA as reported by the USA officials. Modi is on his maiden state visit to the USA. From deepening defense or military ties to increased collaboration on technology and diversification of supply chains, senior…

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Singapore’s IMDA Says, We are currently not looking to Regulate AI

As governments contemplate whether artificial intelligence technology poses risks or threats and whether it needs regulation, Singapore is taking a wait-and-see approach. Lee Wan Sie, director of trusted AI and data at Singapore’s Infocomm Media Development Authority, said, “We are currently not looking at regulating AI.” IMDA promotes as well as regulates Singapore’s communication and media sectors….

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