TECH - Page 28

Advanced Micro Devices estimated a $45 billion market for its data center artificial intelligence processors this year as it launched a new generation of AI chips on Wednesday. That’s up from the chipmaker’s $30 billion estimate in June. The semiconductor company also forecasts its MI300 AI accelerator chip to be the fastest product to reach $1 billion in sales in AMD history. It is positioned as an alternative to Nvidia’s H100 GPU and has become famous for processing AI tasks

In the ever-evolving virtual reality landscape, Meta (formerly Facebook) has taken a giant leap forward by introducing the Meta Quest 3 Mixed Reality Headset. This cutting-edge device promises to redefine our digital experiences, seamlessly blending the virtual and real worlds in a way that transcends conventional boundaries. At the core of the Meta Quest 3 is its robust mixed reality technology, which combines the immersive qualities of virtual reality with the richness of augmented reality. This fusion allows users to

In February of next year, Twitch’s widely used video game livestreaming platform will cease its activities in South Korea, citing elevated operating expenses and network fees as the primary reasons for the decision. CEO Dan Clancy has been apologetic about letting down Korean users and believes the country’s laws have made it “unsustainable” to operate there. However, he says the company will continue to provide its service in other countries. In a blog post, Clancy said Twitch had to make

The parent of TikTok owner ByteDance is offering to buy back around $5 billion worth of shares from investors at a price that will value the company at about $268 billion, two people familiar with the matter said on Wednesday. One of the people said that the Chinese technology giant is offering to buy the shares at $160 each, up from $155 in a previous share buyback exercise for earlier investors. The person said the latest buyback offer aims to

According to a filing on Tuesday, Elon Musk’s artificial intelligence firm, xAI, has filed with the U.S. securities regulator to raise $1 billion in an equity offering. The company, which Musk created earlier this year, has already raised $134.7 million in equity financing from a total offering of $1 billion, as the filing with the Securities and Exchange Commission showed. The SEC filing said that the offering is targeted exclusively at accredited investors under Rule 506(b) and comes with resale

In a monumental deal that will send billions of dollars into the pockets of two telecom equipment makers, AT&T has chosen Ericsson to build a telecom network using a new cost-cutting technology, ORAN, that will cover 70% of its wireless traffic in the United States by late 2026. That’s a massive win for Ericsson and will help it boost its share in one of the most prominent telecom players in the world. It also erodes the presence of rival Nokia

A computer could be used to judge whether a user is of porn-watching age under new UK guidance that will require websites and apps that host adult content to verify users are over 18 to protect children from seeing such material. Britain’s media watchdog, Ofcom, proposed the use of facial recognition technology as a way to check whether someone on a screen appears to be of legal age for viewing sexually explicit content. Ofcom wants to make it illegal for

Music streaming giant Spotify (SPOT.N) said on Monday that it will lay off around 1,500 employees, or 17% of its headcount, to bring down costs after letting 600 of its staff go in January and 200 more in June. CEO Daniel Ek told workers in a letter that the company had taken on too many people over the years 2020 and 2021 when capital was cheap, but now it needs to get its spending under control. Despite its massive success

A family in the US ended up stranded in the desert after trusting their navigation app. Their plight has since gone viral and reminds them of the dangers of unthinkingly following GPS guidance in unfamiliar areas. The incident occurred on November 19 when Shelby Easler, her brother, and their significant others drove from Las Vegas to Los Angeles. The web mapping application reportedly advised them to take a shorter off-road route to avoid significant traffic delays that day due to

The Biden administration has forced a Saudi Aramco-backed venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, Bloomberg News reported on Thursday. The US Treasury Department’s Committee on Foreign Investment in the United States, or CFIUS, ruled that Prosperity7 should divest its shares of Rain Neuromorphics Inc. as part of an investigation into the company for possible national security concerns. Rain’s chips are designed to mimic how the brain