Apple supplier Foxconn’s failed India chip venture shows how tough it is for new players

[ad_1] This month, Foxconn pulled out of its joint venture with Vedanta. The two sides “mutually agreed to part ways,” Foxconn said in a statement at the time. Sopa Images | Lightrocket | Getty Images Foxconn is best known as the main assembler of Apple’s iPhones. But in last couple of years, the Taiwanese firm … Read more

China finalizes first-of-its-kind rules governing generative A.I. services like ChatGPT

[ad_1] China artificial intelligence Ying Tang | Nurphoto | Getty Images Chinese regulators on Thursday finalized first-of-its-kind rules governing generative artificial intelligence as the country looks to ramp up oversight of the rapidly growing technology. The powerful Cyberspace Administration of China (CAC) said it worked with several other regulators to come up with the new … Read more

Elon Musk says Twitter will temporarily limit number of posts users can view per day, citing ‘system manipulation’

[ad_1] Jaap Arriens | Nurphoto | Getty Images Elon Musk said Saturday that Twitter users will only be able to read a certain number of posts per day due to “extreme levels of data scraping” and “system manipulation” on the platform. The Tesla and SpaceX CEO, who is executive chairman and CTO of Twitter, said … Read more

Why billionaire Dustin Moskovitz keeps buying up shares of his software company Asana

[ad_1] Dustin Moskovitz, Asana’s co-founder and CEO. Asana The typical playbook for a successful tech founder looks something like this. Start a company with full ownership. Sell off significant chunks to venture investors as the business progresses. Eventually become a minority owner. Take the company public. Sell more stock over time. Asana’s Dustin Moskovitz took … Read more

Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms

[ad_1] Microsoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft’s Build conference in Seattle on May 23, 2023. Dan DeLong | Microsoft If there’s one company that has popularized artificial intelligence in the past year, it’s the small but richly funded startup OpenAI, the entity behind viral chatbot ChatGPT. This week at its … Read more

Top cloud providers Amazon, Microsoft and Google face ongoing spending cuts by clients

[ad_1] Amazon Web Services logo at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images The cloud-computing market keeps growing as companies move an increasing number of workloads out of their own data centers, but executives from the leading cloud vendors said this week that clients are looking for … Read more

Microsoft reports earnings beat, says A.I. will drive revenue growth

[ad_1] Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images Microsoft shares rose 9% in extended trading on Tuesday after the software maker issued fiscal third-quarter results and quarterly guidance that exceeded analysts’ predictions. Here’s how the company did: Earnings: … Read more