Japan’s Cabinet approved a record 5.4 trillion yen ($47 billion) defense budget for fiscal 2022 on Friday that includes funding for research and development of a new fighter jet and other “game-changing” weapons as Japan bolsters its defense capabilities in response to China’s growing military might and its tensions with Taiwan. The 1.1% budget increase […]
Search results for "new ai"
According to the New York Times, Facebook’s parent company Meta Inc is reaching to acquire ‘deep compatibility’ with blockchain technology, revealed in a letter from an official executive sent to employees. In the letter, the soon-to-be Meta’s Chief Technology Officer (CTO), Andrew Bosworth, informed his employees that the company is structuring its future vision for […]
Robotic vacuum cleaners wouldn’t start. Doorbell cameras stopped watching for package thieves, though some of those deliveries were canceled anyway. Netflix and Disney movies got interrupted and The Associated Press had trouble publishing the news. A major outage in Amazon’s cloud computing network on Dec. 7 severely disrupted services at a wide range of U.S. […]
Covid-19 vaccine-making veteran Moderna seems unfazed by the emergence of the Omicron variant, saying that they can begin work on developing a booster short within a couple of weeks, according to Chief Executive Stephane Bancel. “It only needs minor adjustments for Omicron, I don’t expect any problems,” said Bancel in an interview with the Swiss […]
After losing appeals for being delisted from the New York Stock Exchange (NYSE), state-owned operator, China Mobile Ltd. revealed intentions of raising $7.64 billion in a Shanghai listing on Tuesday. The move will mark the largest equity fundraisings for 2021 and came due to the NYSE decision to adhere to an investment blacklist presented by […]
Voi raises $115m in an oversubscribed new financing round from investors led by the Raine Group and VNV Global, after a record year for operations Voi has now raised $430m in total since it was founded three years ago. New financing package brings total 2021 fundraising to $160m Voi’s mission is to provide a multi-modal transport […]
In a unique move, the Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for cryptocurrencies and other virtual assets, the Dubai Media Office said on Monday, part of efforts to attract new business as regional economic competition heats up. The statement said that those efforts come as part of a drive-by […]
European Union (EU) lawmakers backed a set of new rules on Wednesday directed at breaking down the authority of the Big Tech league in an unprecedented act to restrict their influence. The Digital Market Act (DMA) was structured to restrict limitations on these companies’ demeanor, in addition to imposing rules directed at their plans to […]
Rivian Automotive was attracted to Georgia’s education system, resources and talent when choosing a site for its $5 billion battery and assembly plant, a company official said Thursday as the project was officially announced. The Irvine, California-based electric vehicle manufacturer plans to eventually employ more than 7,500 workers and produce up to 400,000 vehicles a […]
France’s watchdog agency (CNIL) ordered Facial recognition company Clearview AI to delete the personal data of its citizens, the latest in a global rebuke by privacy regulators around the world since BuzzFeed News revealed its use by law enforcement agencies around the world. CNIL said in a statement that the company had violated the European […]