On Monday, in a significant development, International Business Machines Corp (IBM) announced a new processor for data centers that can handle three times the workload of its predecessor. IBM’s Power10 chip will be manufactured by Samsung Electronics Co Ltd. The Power10 will benefit from Samsung’s 7-nanometer chip manufacturing process, which incidentally is similar to its…
In a statement, SambaNova Systems, an artificial intelligence computing firm stated, it has raised $250 million in its latest funding round which was led by BlackRock Inc. Investors at SambaNova’s Series C funding round included the venture capital arms of both Intel Corp and Alphabet Inc, Walden International, WRVI Capital and Redline Capital. Palo Alto,…
The European Union has scrapped the likelihood of a ban on facial recognition technology in public spaces. In 2019, in a draft the European Commission had proposed the idea of a moratorium of up to five years to give the EU time to work on ways to prevent abuses of this technology. The pros and…
On Tuesday, the White House proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach”; it also said, it wants European authorities to follow its lead and avoid aggressive approaches. Producing a fact sheet the White House said, federal agencies should “conduct risk assessment and cost-benefit analyses…
On Wednesday, Japanese truck maker Isuzu Motors disclosed, it plans on tieing up with Sweden’s Volvo AB, in order to deepen its grip on next-generation technologies including electrification and autonomous driving, Japan’s Yomiuri newspaper reported that Isuzu would be holding a news conference at 0600 GMT in Tokyo on an “alliance” without elaborating.
Data from the European Commission’s website shows that U.S. chipmaker Nvidia did not offer any concessions to EU antitrust regulators who are examining its $6.8 billion bid to acquire Mellanox Technologies. The European Commission is set to take a decision on Nvidia’s biggest-ever acquisition by December 19. It is to be seen whether the EC…
Risk consultants sees U.S. investors quietly exiting from their partnership/commitments with the affected Chinese companies. In a significant development, Goldman Sachs Group Inc has stated, it is in the process of reviewing its involvement in China’s Megvii Technology Ltd’s initial public offering (IPO) following the U.S. Commerce Department placing the artificial intelligence firm on an…
Software behemoth Microsoft Corp has unveiled artificial intelligence and blockchain driven software tools which can contribute positively for businesses. The unveiling is not limited to just software but hardware as well. It has released a developer edition of its HoloLens 2 headset as well. In a significant development, Microsoft Corp announced the release of a…
The European Commission is looking to setup ethical guidelines for artificial intelligence which should be transparent, secure, have human oversight and have reliable algorithms. They should also be subject to privacy and data protection rules. The European Commission stated, companies working with artificial intelligence need to install accountability mechanisms that prevent the misuse of AI.…
Facebook removed accounts from Russia, Kosovo, Iran, and Macedonia citing what it described as “coordinated inauthentic behavior.” On Tuesday, Facebook Inc disclosed, it has removed more accounts from Russia, Kosovo, Iran, and Macedonia citing what it described as “coordinated inauthentic behavior.” A total of 2,632 pages, groups and accounts were removed from Facebook and Instagram…
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