TECH - Page 42

The new fund will invest in early-stage artificial intelligence (AI) startups and other firms focusing on cutting-edge science, known as “deep tech.” “Our focus will be on the U.S. and Israel,” co-founder Jeff Herbst told Reuters. He said GFT will help its investments to scale by connecting them to prominent global players that can provide technology, market access, and growth opportunities for their businesses. Founded by former Nvidia and Samsung executives, GFT is one of several new venture funds that

The Commerce Department on Friday is issuing final rules to prevent China from benefiting from the $52 billion in subsidies for semiconductor manufacturing. The regulation, the last hurdle before the Biden administration can begin awarding the money, restricts how recipients use federal funds to ensure they do not help speed China’s technological advancement or aid its military modernization. Commerce Secretary Gina Raimondo describes the rules as “guardrails” that will advance shared national security interests by preventing the re-insourcing of critical

Intel was hit with a record fine in an E.U. antitrust case stemming from the U.S. chipmaker’s actions to crush rival AMD. The fine topped the record 899 million euros Microsoft was ordered to pay last year for failing to cooperate with E.U. antitrust authorities in their battles. The European Commission said the fine was based on an “as severe as possible” infringement of E.U. antitrust rules. It added that the action aimed to end “this infringement and restore competition

Shares of Indias Wipro slid almost 3% on Friday, a day after long-serving CFO Dalal resigned in a surprise move, the latest senior-level exit at the fourth-largest Indian IT services provider. Dalal, who has been with the company for two decades, was responsible for corporate finance and planning, treasury, taxation, secretarial, controllership, assurance, and procurement functions at Wipro. She was also a Wipro Ventures board of directors member, the company’s $300 million strategic investment arm. In a stock exchange filing,

Unions at Apple’s stores in France have called for a strike on Friday and Saturday, when the iPhone 15 is due to be launched, demanding better pay and working conditions. The move is in line with similar strikes planned by Apple workers worldwide. Apple’s retail workers are seeking a 7% wage increase to compensate for inflation and end a months-long hiring freeze that has hindered staffing. Management wanted to offer a 4.5% hike, union officials said. A CGT Apple Retail

WhatsApp recently rolled out its Channels feature in India. This Instagram-like feature was initially introduced in some select regions, and after its successful run, it was launched globally last week. WhatsApp Channels offer a straightforward, dependable, and private method to receive crucial updates from individuals and organizations within the app. The new feature is similar to regular WhatsApp chats but differs slightly. For one, it’s a unidirectional broadcast tool that ensures the privacy of both administrators and followers. However, just

Intel is bringing AI to all its CPUs, and it’s also democratizing the technology. The chipmaker’s upcoming ‘Meteor Lake’ chips will feature built-in neural processors for machine learning tasks that can run on laptops instead of tapping into cloud data centers. This marks a significant shift for the company, which is trying to restore its position as the world’s most advanced semiconductor manufacturer. However, it will face tough competition from Apple and Android phone makers that are building neural processing

The Apple iPhone 15 series was launched recently at the Wonderlust launch event. The lineup includes a base iPhone 15, an iPhone 15 Plus, an iPhone 15 Pro, and an iPhone 15 Pro Max. All the handsets come with USB Type-C port connectivity support. This marks the first time all Apple devices have dropped their exclusive Lightning connector in favor of the standard USB Type-C ports. This will allow the iPhones to be charged faster than before. It will also

The OnePlus Pad Go is officially set to launch on October 6. The Shenzhen-based tech firm had previously teased the device to launch in early 2024 alongside other new OnePlus products. However, Indian consumers will get their hands on the budget tablet much sooner than expected. As per a new announcement posted by the company on its official Twitter account, the tablet will be offered in a Twin Mint color option, showcasing a beautiful interplay of matte and glossy textures

The largest U.S. cryptocurrency exchange is stepping up its grassroots advocacy campaign to advance legislation providing regulatory clarity for the industry. Coinbase said on Tuesday that it’s launching “#Crypto435,” a campaign that will encourage its users to contact their local lawmakers and urge them to support pro-crypto policies. The initiative will include paid media on platforms like Twitter and Facebook, alongside calls-to-action on Coinbase’s platform urging crypto holders to advocate for their views. It will also host an event in