The Biden administration has taken a significant step to bolster domestic semiconductor manufacturing, finalizing its agreement with Taiwan Semiconductor Manufacturing Company (TSMC). This historic $6.6 billion grant, part of the CHIPS Act, represents a major investment in U.S. technological infrastructure and economic security. TSMC to Receive $1 Billion This Year, Eyes Expansion in Arizona TSMC,...
The European Union has taken a monumental step in regulating artificial intelligence by releasing its first draft of a Code of Practice for General Purpose AI (GPAI) models. This move aims to clarify how companies developing high-computing AI systems must align with the EU’s AI Act, which came into effect on August 1. Stakeholders now...
DeepL, a German AI translation startup, is revolutionizing real-time communication with its new feature, DeepL Voice. Known for its precise and nuanced text translation capabilities, DeepL has now ventured into voice translation, enabling users to translate spoken language into another in real time. The service, which currently supports a range of languages including English, German,...
US stock markets and Bitcoin reached new record highs after Donald Trump’s unexpected re-election victory, with the dollar also posting its most significant gain in eight years. Investors reacted optimistically to Trump’s campaign promises, particularly his plans for tax cuts, trade tariffs, and cryptocurrency support. Wall Street Soars Amid Optimism All major US stock indexes...
Dropbox is once again slashing jobs, this time laying off 20% of its workforce, or approximately 528 employees. The tech company, which has seen a slowdown in growth, made the announcement in a blog post from CEO Drew Houston, marking the second major round of layoffs in less than two years. A Hard Decision in...
Apple has announced a $1.1 billion investment in Globalstar, a leading satellite services provider. This deal comes as part of Apple’s ongoing effort to enhance its Emergency SOS via satellite feature, which was introduced with the iPhone 14 series in 2022, utilizing Globalstar’s infrastructure to connect users in emergencies when cellular coverage is unavailable. Strengthening...
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