Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals. “As VW, we remain firmly committed to China … Our guiding principle is development in China, for China at full […]
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Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said. William Li told reporters on the sidelines of the Shanghai Autoshow that he estimated his firm and peers […]
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 […]
The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc. The U.S. educational software maker has combined its corpus of quiz answers with the chatbot’s AI model known as GPT-4 to create CheggMate, a study aide tailored to students, CEO Dan Rosensweig […]
Nine states, including Michigan and Nebraska, have joined a U.S. Department of Justice lawsuit against Alphabet’s Google which alleges the search and advertising company broke antitrust law in running its digital advertising business, the department said on Monday. The states joining the lawsuit were Arizona, Illinois, Michigan, Minnesota, Nebraska, New Hampshire, North Carolina, Washington and […]
Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than the national average, citing […]
Technology has revolutionized the world and is playing a significant role in the economic development of Africa. With advancements in mobile technology, African countries are embracing technology as a key driver of growth. The accessibility to financial services, e-commerce, and information through mobile technology has brought about positive changes in the lives of millions of […]
Italy’s recent move to ban ChatGPT, a popular chatbot powered by artificial intelligence (AI) developed by Open AI, has sparked a heated debate among European regulators. While some argue that Italy’s ban is driven by concerns over data privacy and compliance with the General Data Protection Regulation (GDPR), others suspect geopolitical factors are at play. […]
The 2020s are shaping up to be big years for governments’ antitrust legislation all over the world. Earlier this month, Germany’s Bundeskartellamt (Federal Cartel Office FCO) regulator designated Apple a “company of paramount significance for competition across markets,” adding Apple Inc. to Google and Meta which were determined with binding effect the same on May […]
The recent announcement of UBS Group’s acquisition of Credit Suisse Group has sent shockwaves through the Swiss banking industry. The combination of the country’s two largest banks is expected to create a dominant player in the domestic market, with a pro forma market share of about 30% of domestic deposits and 25% of domestic loans, […]