Biden Administration

Why Is Samsung Building a Semiconductor Factory in Texas? 

Samsung announced it will assemble a $17bn semiconductor factory in Texas, during the global shortage of chips used in phones, cars, and other electronic devices. The factory will be the South Korean company’s biggest North American asset and is expected to commence operation in the second half of 2024.  Real Reasons?  There are commercial reasons, […]

Crypto Firms Will Develop ‘Offshore’ Without Clear Us Rules, Coinbase Chief Says

The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on Tuesday. The failure last year of the Bahamas-based FTX exchange has highlighted the importance of major economies developing clear crypto […]

Elon Musk says he will launch rival to Microsoft-backed ChatGPT

Billionaire Elon Musk said on Monday he will launch an artificial intelligence (AI) platform that he calls “TruthGPT” to challenge the offerings from Microsoft and Google. He criticised Microsoft-backed OpenAI, the firm behind chatbot sensation ChatGPT, of “training the AI to lie” and said OpenAI has now become a “closed source”, “for-profit” organisation “closely allied […]