News
Asian stocks mostly sink as AI worries hammer tech
1+ hour, 17+ min ago (752+ words) The won rose after the Bank of Korea hiked interest rates for the first time since 2023 Hong Kong – Most Asian stocks sank on Thursday as tech firms came under renewed pressure from worries over the AI boom, with Seoul again…...
OpenAI fails to trademark name in EU
14+ hour, 1+ min ago (185+ words) EU regulations don’t allow trademarking a brand that simply describes a product or service Brussels – OpenAI, the owner the ChatGPT chatbot, lost Wednesday its appeal against the EU’s refusal to register its name as a trademark. The US firm had…...
Generative AI’s power sparks fears of dumbing humans down
1+ day, 1+ hour ago (676+ words) Paris – Generative AI chatbots capable of writing emails and computer code, translating, organising a trip or coming up with gift ideas are now readily available, prompting some to ask whether human brainpower could suffer for lack of use. A simple…...
IBM shares plunge as AI spending boom disrupts business
1+ day, 4+ hour ago (464+ words) IBM said many of its big corporate customers rushed to buy AI-related hardware to get ahead of expected price increases Washington – Shares in IBM plunged 24 percent on Tuesday after the US tech giant released disappointing preliminary second-quarter results, blaming a…...
AI ignites ‘ignored sector’ for Japan chipmaker Kioxia
1+ day, 4+ hour ago (704+ words) Kioxia, one of Japan’s most valuable companies, is reaping rewards from the global race to build AI data centres Kitakami – Robotic transporters carrying silicon wafers whizz by on overhead rails at a new factory that Kioxia, one of Japan’s most…...
Music industry launches AI-generated content labels
5+ day, 1+ hour ago (448+ words) British artist Harry Yeff (also known as Reeps100) rehearses a song which uses artificial intelligence to render the human voice New York – Several major music industry organizations on Friday unveiled a labeling system for content created with generative artificial intelligence that…...
OpenAI number two Simo steps down to focus on health
5+ day, 23+ hour ago (394+ words) Top Silicon Valley executive Fidji Simo says she will change gears to focus on her health San Francisco – Top Silicon Valley executive Fidji Simo announced Wednesday she is leaving her full-time role at OpenAI to go part-time as an advisor…...
Asian stocks rally as SK hynix breathes life back into AI trade
5+ day, 23+ hour ago (643+ words) SK hynix’s blockbuster share sale helped boost Asian tech firms Hong Kong – South Korea’s Kospi led gains across most Asian markets Friday as a record-breaking US share sale by chip titan SK hynix breathed fresh life into the tech sector…...
Humanitarians look to put the AI in aid
5+ day, 23+ hour ago (734+ words) The World Food Programme is using autonomous trucks to deliver aid in South Sudan, Sudan and Uganda Geneva – From remote-controlled trucks delivering life-saving aid in dangerous settings to mobile phone data analysis flagging mass displacement, humanitarians are eyeing ways in…...
Schneider Electric to power Iraq’s first Tier III data center
6+ day, 12+ min ago (150+ words) Baghdad (IraqiNews.com) — Schneider Electric has teamed with Iraqi technology company T964 to supply the power and cooling infrastructure for Iraq’s first commercial Tier III data center, marking a significant step forward in the country’s digital transition. The first phase will…...