[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
[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
[ad_1] Advertisers are eagerly watching how Meta’s new Threads messaging app develops over the next few months as they look for a new social channel to reach consumers while Twitter continues to struggle. Instagram Threads debuted last week and has amassed more than 100 million sign-ups, which has caught the attention of numerous companies, several … Read more
[ad_1] Google was working on an AI-powered mobile chatbot app for Gen Z users that features interactive digital characters, CNBC has learned. However, the company recently “deprioritized” those efforts amid an internal reorganization, according to materials seen by CNBC. Typically, when a product is deprioritized at Google, work on it ceases. Called “Bubble Characters,” the … Read more
[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
[ad_1] Generative artificial intelligence is all the rage now but the A.I. boom is not just all hype, said Dan Ives from Wedbush Securities, who calls it the “fourth industrial revolution playing out.” “This is something I call a 1995 moment, parallel with the internet. I do not believe that this is a hype cycle,” the … Read more
[ad_1] According to the report, B2C e-commerce is expected to grow 5-6 times to USD 350-380 billion by 2030, from around USD 60-65 billion in 2022. (Representative image) The report estimates that India’s internet-economy was in the range of USD 155-175 billion in 2022. India’s internet economy is expected to register six-fold growth and touch … Read more
[ad_1] Fire smartphone by Amazon.com Krisztian Bocsi | Bloomberg | Getty Images Amazon is in talks with several wireless carriers about launching a mobile service for Prime members, according to a report from Bloomberg. The news sent shares of telecom stocks lower Friday. Verizon fell more than 4% in early trading, while T-Mobile slid over … Read more
[ad_1] Wellesenterprises | Istock | Getty Images TikTok has filed a federal lawsuit against Montana in response to a recently passed state law that would ban the popular video service in the state. The lawsuit, filed Monday in the United States District Court for the District of Montana, is intended to “prevent the state of Montana … Read more
[ad_1] Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company, while the e-commerce titan’s quarterly revenues missed expectations. “We are taking concrete … Read more