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Wolfspeed delays $3 billion chip plant in Germany as EU slows down semiconductor industry
Jun 20,2024
Wolfspeed has delayed its$3 billion chip plant project in Germany, highlighting the European Union's challenges in boosting semiconductor production. Originally set to begin construction this year, the plant in Saarland is now postponed to mid-2025. ...
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Amazon commits E10 billion for cloud and logistics expansion in Germany
Jun 19,2024
Amazon announced plans to invest E10 billion ($10.75 billion) in Germany, emphasising the country's growing importance in cloud computing and retail. The majority of this investment, totalling E8.8 billion, will be allocated by 2026 to expand Amazon ...
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London cinema cancels AI-written film premiere after public backlash
Jun 19,2024
A central London cinema has cancelled the premiere of a film written entirely by AI following a public backlash. The Prince Charles Cinema in Soho was set to host the world debut of 'The Last Screenwriter,' created by ChatGPT, but concerns about 'the...
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Report highlights AI's potential to reduce emissions in the shipping industry
Jun 19,2024
A report published by startup Orca AI on Tuesday revealed AI's potential impact on the shipping industry. By automating certain tasks, it claims that AI can help reduce deviations on shipping routes and prevent collisions between ships, making the in...
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Nvidia becomes world's most valuable company
Jun 19,2024
Nvidia has risen to become the world's most valuable company, surpassing Microsoft and Apple, driven by its high-end processors central to AI technology. Nvidia's shares increased by 3.5%, boosting its market capitalisation to$3.335 trillion. This ra...
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McDonald's halts AI ordering test in drive-thrus
Jun 18,2024
McDonald's has decided to discontinue the use of AI ordering technology that was being tested at over 100 drive-thru locations in the US. The company had collaborated with IBM to develop and test this AI-driven, voice-automated system. Despite this d...
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Google's bid to end US antitrust case over digital advertising rejected
Jun 18,2024
Google has lost its bid to dismiss a US government lawsuit accusing it of monopolistic practices in the digital advertising market in an ongoing antitrust scrutiny of major tech companies. The ruling marks a critical juncture in the broader effort to...
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Toshiba plans
Jun 17,2024
Toshiba Corp has announced a significant investment of about
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Microsoft's E6.69 billion investment in Aragon: strengthening Spain's cloud computing hub
Jun 14,2024
Microsoft plans to invest 6.69 billion euros ($7.16 billion) in developing new data centres in Spain's northeastern region of Aragon, enhancing the area's reputation as a major European cloud computing hub. The regional government confirmed that Micr...
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LinkedIn unveils AI-driven features to enhance job hunting and recruitment
Jun 14,2024
LinkedIn is using AI to streamline the job hunting process, aiming to alleviate the task of job searching for its users. The professional networking giant announced a suite of AI-driven features designed to match job seekers with opportunities more e...
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Spotify unveils in-house creative agency, trials AI voiceover ads
Jun 14,2024
Spotify has unveiled Creative Labs, an in-house advertising agency designed to assist brands in creating effective audio and visual ads on its platform, in-app digital experiences, and interactive formats like call-to-action cards (CTA). That initiat...
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French AI industry fears impact of proposed immigration cuts
Jun 14,2024
Leading figures in France's tech industry have expressed concern that immigration restrictions proposed by the far-right National Rally (RN) party could hinder the nation's ambition to become Europe's top AI hub. Following significant losses for his ...
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