On Wednesday, The New York Times initiated legal action against both Microsoft and OpenAI, the entity behind the widely used AI chatbot ChatGPT. The newspaper alleges copyright infringement and misuse of its intellectual property for training extensive language models. Microsoft, as both an investor in and a supplier to OpenAI, ...
Read More »Top UK Court Rules AI Cannot Be Designated as an ‘Inventor’ in Patent Dispute
In a pivotal decision on Wednesday, the highest court in the United Kingdom declared that artificial intelligence cannot be designated as an inventor on a patent application. This ruling is expected to carry substantial implications, particularly as the use of AI tools continues to expand. The legal matter arose from ...
Read More »EU Achieves Milestone AI Regulations as Governments Seek to Govern Products Such as ChatGPT
On Friday, the European Union reached a historic milestone by establishing comprehensive regulations for artificial intelligence (AI), marking a significant development as the first major regulatory framework for this emerging technology in the Western world. Throughout the week, key EU institutions engaged in extensive discussions to formulate proposals and ultimately ...
Read More »Enhanced Regulations on Cryptocurrency for Retail Customers in Singapore
Singapore is set to implement more stringent regulations for cryptocurrency service providers based on feedback received regarding its initial proposals. The Monetary Authority of Singapore announced on Thursday that the revised proposals outline specific measures related to business conduct and consumer access. These measures aim to mitigate potential harm to ...
Read More »Cisco acquired Splunk, a Cybersecurity Firm, for $28 Billion; A Record Breaking Acquisition
In its most significant acquisition to date, Cisco has announced its purchase of cybersecurity software firm Splunk for approximately $28 billion, equivalent to $157 per share, in an all-cash transaction. This strategic move underscores Cisco’s commitment to bolstering its cybersecurity capabilities and expanding its presence in the rapidly evolving cybersecurity ...
Read More »Senators Seek Pentagon’s Clarification Regarding SpaceX’s Starlink Service in Ukraine
In Washington, three Democratic senators who are members of the Senate Committee on Armed Services have formally requested information from the Pentagon regarding SpaceX CEO Elon Musk. Specifically, they are inquiring whether Musk was responsible for unilaterally disabling or obstructing the functionality of Starlink satellite communication terminals utilized by the ...
Read More »Sam Altman, CEO of OpenAI, Secures Indonesia’s Inaugural ‘Golden Visa
Indonesia has granted its inaugural “Golden Visa” to Sam Altman, the Chief Executive of OpenAI, just one week after launching the program aimed at enticing foreign investments into Southeast Asia’s largest economy. According to Silmy Karim, Indonesia’s director general of immigration, the Golden Visa program includes various categories beyond those ...
Read More »Bitcoin’s Value Dips Below $26,000, Marking Its Most Challenging Week Since May
Closing at $26,038.41, Bitcoin concluded the day with a decline of approximately 6%, as reported by Coin Metrics. The cryptocurrency exhibited fluctuations just above the $26,000 mark during the entirety of Friday, a continuation of the significant drop that commenced on late Thursday. This downward trend had a ripple effect ...
Read More »Qualcomm’s Sales and Forecast Miss Targets Amidst 25% Decline in Smartphone Chip Sales
On Wednesday, Qualcomm announced its third-quarter earnings, surpassing the expectations set by Wall Street. However, despite the positive earnings, the company’s revenue for the quarter and its projected guidance for the fourth quarter fell below anticipated levels. As a result of this news, Qualcomm’s stock experienced a significant drop of ...
Read More »Foxconn to Invest $600 Million in Phone and Chip Project in India
As per the government of the state of Karnataka, Foxconn is set to make a substantial investment of over $600 million in India. This investment will be directed towards two distinct projects: one in phone manufacturing and the other in establishing a semiconductor equipment facility. The move showcases Foxconn’s commitment ...
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