LincTex Digital, best known for developing its virtual try-on technology for fashion e-commerce, raised $100 million in a fund-raising round led by Hillhouse Capital and CDH Investments, according to the company’s official WeChat account. The money has been earmarked for international expansion and a further shift into the digital fashion realm, it said on Tuesday. […]
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Data is undoubtedly the central player in today’s business world. The different markets have reached a level of competitiveness that companies have been looking for the killer idea or even the best understanding of the market that will provide it with a competitive edge. Artificial intelligence (AI) has become an integral component in the operations […]
The entire crypto market has been playing limbo, seeing how low it can go day after day. As the lowest plunge hits an 18-month record low in overall value, we are all left wondering what led to the crypto crash and what the biggest factors were that culminated in the perfect storm of recent months. […]
Toshiba, Sony and Samsung Electronics on Thursday lost their court fight against an EU cartel fine levied seven years ago for colluding in procurement tenders for optical disc drives. The European Commission in 2015 fined five companies 116 million euros ($120.5 million), with the biggest fine of 41.3 million euros going to Toshiba Samsung Storage […]
According to The Washington Post, Blake Lemoine, a member of Google’s Responsible AI organization, started speaking with LaMDA, Language Model for Dialogue Applications, as part of his job. He had agreed to participate in the experiment to see if the AI used hateful or discriminating language but came to a disturbing conclusion after sharing his conversation […]
The United Nations has placed the availability of clean and affordable energy among its priorities through sustainable development goal (SDG) 7. Nuclear energy is seen as one of the best alternatives to meeting this SDG. A report by the international atomic energy agency (IAEA) highlights the main attractive features of nuclear energy including low carbon […]
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms […]
The rise of blockchain technology will inevitably transform and disrupt many industries. It has laid the foundation for major advancements and innovations in communications and data technology, chief among them, the telecoms industry. In this article, we take a look at some use cases for blockchain in telecoms and home in on the most promising […]
The world has been facing a succession of contagious diseases which left several sectors crumbling from the effects of lengthy lockdowns. While the Earth stood still for several years due to the coronavirus pandemic, the economic and social effects have been resounding with countries trying to come out of a severe recession. COVID-19 is still […]
Russia’s communications regulator Roskomnadzor said on Friday it had opened administrative cases against Alphabet Inc’s Google and six other foreign technology companies for alleged violations of personal data legislation. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into a full-on information battle since […]