TECH - Page 32

On Tuesday, China’s most significant internet search engine provider, Baidu (9888. HK), beat third-quarter revenue estimates, helped by more substantial advertising income as the Chinese economy shows signs of recovery. The Nasdaq-listed company’s revenue for the quarter ended Sept. 30 was 34.45 billion yuan ($4.72 billion), up from the year-ago figure of 31.88 billion yuan and exceeding analysts’ estimate of 34.33 billion yuan, according to LSEG data. Advertisers increased spending on digital marketing, especially in healthcare, business services, local services,

Amid an outcry over unchecked antisemitic content on social media site X, platform owner Elon Musk today slammed the “bogus media stories,” claiming that he was endorsing such material. In a post on the site, the billionaire CEO of Tesla and SpaceX blasted what he called the “holier-than-thou hypocrisy of big media companies who lay claim to the truth but publish only enough to sugarcoat it.” In his post, Musk noted that the company hired a former NBCUniversal executive to

We’ve heard rumors about the Galaxy S24, Galaxy S24+, and Galaxy S24 Ultra models for a few months. According to a new report, the wait could finally be over in two months, as Samsung is expected to hold its next Galaxy Unpacked event on January 17. Samsung is reportedly prioritizing the launch of its flagship Galaxy S24 series earlier than usual this year. This is mainly due to the company’s need to boost its revenues, which are currently hampered by

Apple hasn’t yet launched its first spatial computer unveiled at WWDC 2023, but it may get the chance to do so later this year. Bloomberg’s Mark Gurman (a frequent tipster for Apple-related leaks) reports that the company’s Vision Pro could debut in March instead of January as it works on distribution plans and final testing. That’s not necessarily bad, though, as the headset might have trouble finding mass appeal, given its $3,499 starting price. The headset is designed to provide

US-based artificial research organization OpenAI has named former Twitch co-founder Emmett Shear as the interim CEO, days after the ousting of Sam Altman. Altman was fired by the board of OpenAI last Friday after he disagreed with it over a strategy decision. His firing sparked criticism from many prominent figures and even made some employees threaten to leave the company if he was not reinstated. The board reportedly had been in discussions with Altman over his return. However, the talks

Satya Nadella has thrown his weight behind Sam Altman a day after the co-founder was abruptly removed from the leadership of the AI company he co-founded. In a blog post, the Microsoft CEO said that Altman and former president Greg Brockman are joining the company to lead a new team for advanced research in Artificial Intelligence. The news comes days after Altman’s firing by the board of OpenAI, which he owns a significant stake in. The move sparked a furious

Founders firing co-founders is part of the lore of Silicon Valley. But it’s a big deal for one of the world’s leading AI companies to get rid of a prominent face. In a statement, Microsoft-backed OpenAI said it “decided to transition leadership to Mira Murati, the company’s chief technology officer, due to Sam Altman’s inconsistent and non-candid communication with the board of directors, hindering its ability to exercise its responsibilities.” The news sent shockwaves through the tech community, with many

The renowned AI startup OpenAI announced today that it had fired co-founder and CEO Sam Altman. The board lost confidence in him, the company said in a statement. In a surprise move, it appointed 34-year-old engineer Mira Murati as the company’s interim CEO. Murati is behind one of the world’s most talked-about artificial intelligence products, ChatGPT, a generative chatbot that can create text and images using its neural networks. In a video message to the company, she thanked the employees