Search results for "ai technology"

AstraZeneca opens research center as UK builds science hub

Prince Charles will be on hand Tuesday when pharmaceutical company AstraZeneca opens a 1 billion-pound ($1.34 billion) research center near the University of Cambridge, hoping to build on work in developing one of the first COVID-19 vaccines. The 19,000 square-meter (more than 200,000 square-foot) complex will house more than 2,200 research scientists. It joins a […]

Coalition of States Examines Instagram’s Psychological Effect on Teens

A coalition of states attorneys general launched Thursday an investigation into Instagram’s ways of attracting and affecting the younger generation, especially younger girls, in their latest attempt to harshen regulatory scrutiny on Meta Platforms Inc, according to The Wall Street Journal. The examination into the social networking platform led by eight states, with Massachusetts and Nebraska […]

GM exploring electric boats, buys 25% stake in engine maker

General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft. Pure Watercraft, founded in 2011, is […]

Asian stocks mixed after late slump on Wall Street

Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower. Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai advanced. Market players appeared to be relieved to learn that President Joe Biden will nominate Jerome Powell for a second four-year term at the helm […]

US offers investment to boost global COVID vaccine capacity

Pressed to address gaping inequality in global COVID-19 vaccines, the Biden administration took steps Wednesday to make billions of dollars available to drugmakers to scale up domestic production to share with the world and prepare for the next pandemic. Under the new initiative, the government’s Biomedical Advanced Research and Development Authority is soliciting pharmaceutical companies […]

Indonesia to witness the largest BFSI gathering at World Financial Innovation Series (WFIS 2021)

WFIS 2021 – INDONESIA to share the latest industry intelligence and facilitate networking with the best-in-class experts and solution providers. With an aim to support Indonesia and its Financial Services Authority (OJK) in acknowledging the latest BFSI innovations, while also addressing the lucrative opportunities presented by its growing digital economy, Tradepass is back in Indonesia […]

Ford, GM to enter chip market to curb U.S.-shortage

U.S. automobile manufacturers Ford Motor Co. and General Motors (GM) Co are altering their business plan by joining the semiconductor chip market, following a computer chip shortage that disrupted their global factory output for almost a year. On Thursday, Ford announced a calculated plan of going into business with semiconductor manufacturer GlobalFoundries Inc. to create […]

U.S. Congress examines China tech bill

U.S. Congress leaders revealed on Wednesday that lawmakers are working on a draft to discuss a definitive settlement on a bill to elevate semiconductor manufacturing and U.S. technology rivalry with China. The Senate and the House of Representatives leaders declared their latest tactic to heighten the country’s technological empowerment margin. Democratic New York Senator and […]

After Beijing, Washington, EU unleash Big Tech regulation crusade

With the exponentially mounting tension between the U.S. and China, and each powerhouse launching its own Big Tech regulation crusade against homegrown giants, the U.S., and Europe have finally concluded how to target legion’s ever-growing supremacy. Both continental forces have finally taken their final stance regarding American tech chiefs, with the European Union (EU) having […]