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AMD faces AI challenges as custom chip trend grows
Feb 05,2025
AMD is set to report strong fourth-quarter results, with revenue expected to rise over 22% to$7.53 billion. However, competition in the AI chip market is intensifying, as Nvidia maintains its dominance and major tech firms such as Microsoft, Amazon, ...
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Siltronic warns of weak demand as inventory levels remain high
Feb 05,2025
German semiconductor materials supplier Siltronic has forecast stagnant sales for 2025 after a 7% decline last year, citing high inventory levels and weak demand in key sectors. The company's shares fell more than 15% following the announcement, cont...
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Salesforce cuts jobs while expanding AI workforce
Feb 05,2025
Salesforce is cutting more than 1,000 jobs while simultaneously hiring employees to support its growing AI business, according to a Bloomberg report. Affected workers will have the opportunity to apply for other positions within the company, but it r...
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Apple criticises first porn app on iPhone in EU
Feb 05,2025
Apple has criticised the availability of a pornography app on iPhones in the European Union, blaming the Digital Markets Act (DMA) for undermining consumer trust. The regulation, which took effect in 2022, forced Apple to permit alternative app store...
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Google parent Alphabet under pressure over AI spending and slowing cloud growth
Feb 05,2025
Alphabet is set to face investor scrutiny over its heavy spending on AI as it prepares to report earnings. Slower revenue growth in advertising and cloud services has raised concerns, especially as competition in AI intensifies. Chinese startup DeepS...
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Epic Games and Google clash over app store decision
Feb 05,2025
Google and Epic Games presented arguments before a US appeals court as Google attempted to overturn a jury verdict and a judge's order requiring changes to its app store. Google's lawyer argued that the trial judge made errors that unfairly benefited...
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Ola founder invests $230M in Indian AI startup Krutrim
Feb 05,2025
Indian entrepreneur Bhavish Aggarwal is investing$230 million into Krutrim, an AI startup he founded, as part of India's push to establish itself in the global AI market. The company, which develops large language models (LLMs) for Indian languages, ...
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French AI startup Neuralk-AI secures $4M for structured data models
Feb 05,2025
Paris-based startup Neuralk-AI has raised$4 million to develop AI models tailored for structured data, such as databases and spreadsheets. Unlike traditional AI, which excels at unstructured content like images and text, Neuralk-AI's approach aims to...
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Indian startup secures funding for AI-powered presentations
Feb 05,2025
Bengaluru-based startup Presentations.ai has raised$3 million in a seed round led by Accel to enhance its AI-powered platform for creating business presentations. The company, which launched in 2019, saw rapid growth after the emergence of ChatGPT, g...
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London startup founded by former Snapchat employee secures $4m for AI in gaming
Jul 12,2024
London-based games startup Iconic AI has secured$4m (
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Japan boosts AI sovereignty with ABCI 3.0 supercomputer
Jul 12,2024
Japan's National Institute of Advanced Industrial Science and Technology (AIST) is set to bolster its AI sovereignty with the launch of the AI Bridging Cloud Infrastructure 3.0 (ABCI 3.0) supercomputer. This state-of-the-art system, featuring thousan...
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Slack marks decade milestone with AI integration
Jul 11,2024
Slack, the pioneering workplace communication app, marks a decade of evolution with significant advancements in AI. Originally renowned for transforming business communication away from traditional emails, Slack now integrates AI tools aimed at enhan...
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