Aidan Gomez, a former intern at Google Brain, co-authored the groundbreaking paper “Attention Is All You Need” in 2017, which laid the foundation for the transformer model and sparked the emergence of generative artificial intelligence. In a recent interview with CNBC, Gomez expressed astonishment at the rapid advancement of technology since his time as an
Enterprise
Samsung Electronics recently announced its expectations for second-quarter profits, sending its stock price soaring to its highest level since January 2021. The South Korean tech giant reported a projected operating profit of approximately 10.4 trillion won, a staggering increase of 1,452% from the previous year’s figure. This impressive performance exceeded both the company’s own guidance
Bitcoin’s price dropped sharply to around $57,000 apiece on Thursday, marking a two-month low. This decline came after the U.S. Federal Reserve released minutes from its June meeting, revealing that the central bank is not planning to cut interest rates anytime soon. Data from CoinGecko showed that the digital currency fell by approximately 5% in
The European Union’s decision to increase tariffs on electric vehicles imported from China is causing a stir in the automotive industry. The European Commission announced these levies after concluding that Chinese producers of battery electric vehicles benefit from “unfair” subsidization. The tariffs, ranging from 17.4% to 37.6%, will come into effect on Friday, affecting not
Microsoft recently settled a case in California for a sum of $14.4 million over allegations of retalitation against employees for taking legally protected time off. The settlement aims to provide compensation to California workers who took parental leave, family care-taking leave, or disability leave from 2017 onwards, and choose to participate in the settlement. The
The Chinese electric vehicle manufacturer BYD is poised to surpass Tesla in battery electric vehicle sales this year, according to a recent report by Counterpoint Research. This shift highlights the ever-changing dynamics of the global EV market, with BYD’s market share expected to experience a significant surge. In the second quarter, BYD’s battery EV sales
Tesla’s shares saw an uptick following the release of its second-quarter vehicle production and delivery numbers, surpassing the expectations of analysts. The company delivered a total of 443,956 vehicles and produced 410,831 vehicles during the second quarter of 2024. Despite a 4.8% decrease in deliveries compared to the previous year’s second quarter, Tesla’s stock surged
Salesforce recently faced backlash from investors regarding their compensation plan for top executives, particularly CEO Marc Benioff. In a surprising turn of events, shareholders voted against the resolution to approve the compensation, with 404.8 million votes against and only 339.3 million in favor, as per a regulatory filing on Monday following the annual meeting. The
EU regulators have accused Meta, the parent company of Facebook, of failing to comply with the European Union’s landmark antitrust rules regarding its ad-supported social networking service. The Commission highlighted the ad-supported subscription option as a “pay or consent” model, which forces users to either pay for an ad-free experience or consent to their data
The latest report by KPMG highlights the changing consumer behavior among Generation Z in the Asia-Pacific region. Unlike previous generations who preferred physical shopping experiences, Gen Z now turns to online platforms for fashion inspiration. They are heavily influenced by idols and influencers, particularly on social media platforms like TikTok. According to the survey conducted