The U.S. Department of Justice (DOJ) has launched an investigation into complaints against Nvidia, a leading provider of artificial intelligence (AI) chips. The complaints suggest that Nvidia may have abused its market dominance in the AI chip sector. According to a report by The Information, the DOJ has been in touch with Nvidia’s competitors, including
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The recent decision by the U.K. government to cancel £1.3 billion worth of computing infrastructure projects has dealt a major blow to the country’s aspirations of becoming a global leader in artificial intelligence (AI). This move signifies a significant setback in the U.K.’s efforts to establish itself as a powerhouse in advanced technology. The government
In a surprising turn of events, Meta shares surged by 6% following the announcement of their second-quarter earnings report. The company revealed that their revenue for the quarter had increased by 22% to $39.07 billion, surpassing Wall Street’s expectations. This significant growth was attributed to a substantial increase from the $32 billion reported the previous
The relationship between Microsoft and OpenAI has taken a complicated turn, with Microsoft now listing the artificial intelligence startup as a competitor in its latest annual report. Despite years of partnership and significant investment from Microsoft, the inclusion of OpenAI on the list of competitors suggests a shift in dynamics. While Microsoft has been the
In a groundbreaking announcement, Uber and BYD have revealed a strategic partnership that will revolutionize the ride-hailing industry. This partnership is set to bring pricing and financing deals for BYD’s electric cars to Uber drivers in Europe and Latin America. Additionally, the two companies are working on developing “autonomous-capable vehicles” for Uber’s platform, highlighting a
Russia is currently facing ongoing financial pressure from Western sanctions, and as a response to this, the country is considering legalizing the use of cryptocurrency for international payments. This move comes as a significant shift from the Russian central bank’s previous stance on the technology. The State Duma, the lower house of the Russian Parliament,
In a surprising move, Apple announced on Monday that it had chosen Google’s Tensor Processing Unit (TPU) for training the artificial intelligence models that power its Apple Intelligence system. This decision marks a significant shift away from the dominance of Nvidia’s GPUs in high-end AI training chips. The revelation came in a technical paper released
The cryptocurrency market kicked off the final week of July with Bitcoin rising by 2% to $69,640.00, and Ether increasing by 3% to $3,382.15, according to Coin Metrics. This positive movement comes as investors return to the market after a mixed performance last week, where Bitcoin gained 1% and Ether dropped by 7%. Traders are
Former President Donald Trump’s recent keynote speech at the Bitcoin Conference in Nashville, where he hinted at a potential U.S. Bitcoin strategic reserve currency, fell short of offering a groundbreaking solution. While Trump’s proposal to maintain the current level of Bitcoin holdings acquired from financial criminals is a step in the right direction, it lacked
When former President Donald Trump took the stage at the biggest bitcoin conference of the year in Nashville, it marked a significant turning point in the landscape of American politics. Trump’s appearance at the conference, alongside his hosting of a high-priced fundraiser, underscored the increasing importance of the fintech sector in shaping the upcoming 2024