Baidu, the Chinese technology giant, released Ernie 4.0, the latest version of its generative artificial intelligence (AI) model, saying its capabilities were on par with those of ChatGPT manufacturer OpenAI’s pioneering GPT-4 model. CEO Robin Li unveiled Ernie 4.0 at a Beijing event, emphasising the model’s memory capabilities and demonstrating it authoring a martial arts…
Lower-than-expected revenues from sale of its COVID-19 vaccine and treatment, Pfizer has been forced to lower revenue estimates for the full year by 13% and announce that it would cut $3.5 billion in employees and expenses. Following the development of the vaccine Comirnaty with German partner BioNTech SE and the antiviral medication Paxlovid independently, Pfizer generated record revenue in…
In an effort to improve its software skills, AMD said that it intends to acquire the artificial intelligence firm Nod.ai. Advanced Micro Devices intends to make significant investments in the crucial software required for the company’s cutting-edge AI chips in its race to catch rival chipmaker Nvidia. Through its software and the community of software…
The creator of the massive online retailer Amazon, Jeff Bezos, is increasing his interest in space. He launched two test satellites for his Project Kuiper broadband mega-constellation earlier this week. In order to provide internet connections to every country in the world, Bezos plans to launch more than 3,200 spacecraft over the next five years.…
US President Joe Biden’s administration is under pressure from some lawmakers to forbid American companies from working on a freely available chip technology that is widely used in China, opening a new front in the U.S.-China tech conflict that could fundamentally alter how the international technology sector collaborates. RISC-V, or “risk five,” is the in…
OpenAI, the maker of ChatGPT, is considering developing its own artificial intelligence chips and has even considered analysing a potential acquisition target, according to persons familiar with the company’s plans. According to recent internal conversations reported to Reuters, the business has not yet made a decision to proceed. However, since at least last year, it…
Rivian Automotive, a manufacturer of electric vehicles, announced plans to sell $1.5 billion in convertible green bonds and a projected increase in quarterly income. In after-hours trading, shares of the business with headquarters in Irvine, California, decreased by over 8%. When issued, convertible bonds are often viewed unfavourably by investors since they can be diluted…
A public sale of stock in the company is expected to take place over the following two to three years, according to chipmaker Intel, which aims to operate its programmable chip unit as a standalone business beginning in January. Following the announcement, Intel stock increased by more than 2%. When Intel acquired Altera for $16.7…
According to persons familiar with the situation, BP Plc is considering selling a 49% share in its U.S. oil and gas pipeline network in the Gulf of Mexico in an effort to earn up to $1 billion. The proposed divestiture would aid BP in achieving its goals to cut debt and preserve its dividend. BP’s…
According to two sources with knowledge of the situation, Boeing intends to increase production of its most popular 737 narrowbody plane to a record of at least 57 per month by July 2025, indicating increased orders and the company’s recovery following the 737 MAX catastrophe. The objective would satisfy the aircraft manufacturer’s unfulfilled objective from…
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