In brief Microsoft is terminating some mixed reality (virtual and augmented reality) workers. The company will keep selling HoloLens 2 headsets, released in 2019. A […]
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Intel releases new AI chips to recover market dominance from Nvidia and AMD
In brief Intel introduced new Xeon 6 CPUs at Computex in Taiwan on Tuesday. Nvidia and AMD announced new AI chips on Sunday and Monday, […]
Epoch Times CFO Bill Guan faces $67 million global money laundering charges
In brief Conservative worldwide news organisation The Epoch Times’ finance manager was jailed for organising a yearslong plot to launder at least $67 million in […]
Saudi energy minister: OPEC+ wants rate cuts before considering oil demand.
In brief Saudi Arabia’s energy minister says OPEC+ is waiting for central bank interest rate action before considering energy demand. Expectations have grown about how […]
Dell shares drop 18% as AI servers sell at ‘near-zero margins’
In brief Margin and AI server backlog fears sent Dell shares down Friday. On Thursday, the business outperformed analysts’ estimates and gave optimistic guidance, but […]
Warren Buffett fears ‘huge losses’ in the burgeoning but tiny insurance business
In brief In their annual meeting remarks, Warren Buffett and Berkshire Hathaway’s top insurance executive, Ajit Jain, warned of “huge losses” in cybersecurity insurance. Buffett […]
France aspires to become an AI superpower with U.S. Big Tech’s support
In brief Paris’s Viva Technology gathering last week was full of talk about how far France has come as an AI leader. A lot of […]
Singapore promotes green data centres as AI demand strains energy
In brief-notes The city-state established a green data centre strategy on Thursday to assist its digital economy goals as AI and computing demand rises. The […]
Nelson Peltz has recently sold his entire stake in Disney after failure in proxy battle
A person familiar with the matter has informed CNBC that activist investor Nelson Peltz has recently divested his entire stake in Disney. According to a […]
OpenAI is working towards new model to outperform GPT-4
After dissolving its previous oversight board in mid-May, OpenAI claimed on Tuesday that it had established a safety and security committee under the direction of […]