TECH - Page 25

On Thursday, the U.S. Commerce Department said it plans to award Microchip Technology MCHP.O $162 million in government grants to step up U.S. production of semiconductors and microcontroller units (MCUs) key to the consumer and defense industries. The funds will allow Microchip to triple Production of mature-node semiconductor chips and microcontroller units at two U.S. factories, officials said. These components are vital to cars, washing machines, cell phones, internet routers, airplanes, and the defense-industrial base. Commerce Secretary Gina Raimondo said

Popular YouTuber and high-profile social media personality MrBeast recently said that he will not upload any of his videos on the Elon Musk-owned microblogging platform X. The billionaire had asked MrBeast, whose real name is Jimmy Donaldson, to do so. The content creator responded bluntly, explaining that his videos “cost millions to make.” MrBeast is known for his highly-produced action-packed YouTube videos that have attracted millions of viewers and earned him hundreds of thousands of dollars in advertising revenue. He

Computer chip equipment maker ASML said the Dutch government had partially revoked an export license to ship some of its machines to China, prompting a dip in shares and a protest from Beijing on Tuesday. The Veldhoven-based company dominates the global market for lithography systems, which use lasers to help create the circuitry that makes chips. The move comes amid increasing tensions between the Netherlands and China, with Beijing accusing the West of trying to prevent it from developing its

OpenAI’s annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, news publication The Information reported on Saturday, citing people who know the figure. The growth is the latest sign that the artificial intelligence startup is making headway in its mission to transform businesses with generative AI technology, which helps automate processes by training models on troves of written works and imagery pulled from the web. The company, valued by

The Shenzhen-based tech giant’s revenues rose 9% last year, capping a dramatic year for the Chinese technology powerhouse that challenged Apple Inc. and U.S. sanctions with a surprise breakthrough in chip technology. Sales jumped to more than 700 billion yuan ($98.7 billion), their fastest pace of growth in years, thanks to a resurgent smartphone business and robust 5G equipment sales. In addition, the firm is doubling its research and development as it grapples with a U.S. trade ban that has

Apple can now resume sales of its flagship smartwatches after a U.S. appeals court paused a government commission’s import ban on the devices imposed in a patent dispute over its medical monitoring technology on Wednesday. The tech giant had filed an emergency request asking the U.S. Court of Appeals for the Federal Circuit to halt an order from the U.S. International Trade Commission (ITC), which had ruled that Apple had infringed the patents of Irvine, California-based Masimo. The commission had

Artificial intelligence startup Anthropic forecasts more than $850 million in annualized revenue rate by the end of 2024, tech publication The Information reported on Tuesday, citing two people with knowledge of the company’s financial picture. Backed by tech giants Amazon and Alphabet’s Google, Anthropic is one of several companies working on generative AI – which can create its responses and content. The forecast is a testament to the rapid growth of Anthropic’s underlying technology and the broader industry’s growing interest

In a remarkable display of corporate social responsibility, chipmaker Nvidia has taken a significant step towards supporting the humanitarian needs arising from the Israel-Hamas conflict. The company recently announced a substantial donation of $15 million to non-profit organizations that assisted civilians affected by the war. The Israel-Hamas conflict, marked by its devastating impact on civilian populations, has spurred a global call for aid and assistance. Nvidia’s generous contribution aims to address the urgent humanitarian needs and provide relief to those

According to Xinhua state media, US electric carmaker Tesla has acquired land in Shanghai for a megapack battery manufacturing plant that is expected to produce 10,000 energy storage batteries per year. Construction is slated to begin next year, and production should start by the end of 2024. A company spokesman said the battery project is a milestone for Tesla, adding that the plant will showcase the company’s commitment to driving the energy transition forward through enhanced storage solutions. The spokesman

Microsoft Corp’s plan to end support for its Windows 10 operating system could result in about 240 million personal computers (PCs) being disposed of, potentially adding to landfill waste. The electronic waste from these PCs — including hard drives, memory chips, and motherboards — would weigh an estimated 480 million kilograms, equivalent to 320,000 cars, according to research firm Canalys Research. The PCs in question lack the hardware requirements to run Microsoft’s newest OS, Windows 11, and are unlikely to