Innovation & Technology

Discover groundbreaking innovations, technological advancements, and their impact on businesses, from AI to blockchain and beyond.

Elon Musk’s Next Big Bet: A Supercomputer to Surpass Meta’s AI Cluster
Innovation & Technology

Elon Musk’s Next Big Bet: A Supercomputer to Surpass Meta’s AI Cluster

Elon Musk is once again making headlines with his ambitious plans to build a supercomputer, which he aims to have operational by fall 2025. According to a report by The Information, this "gigafactory of compute" will leverage Nvidia GPUs and is intended to outdo Meta's extensive chip cluster. Musk’s AI startup, xAI, is at the forefront of this venture. On Sunday, the company announced it had raised an impressive $6 billion in a new funding round, demonstrating that the excitement surrounding AI is far from waning. As per The Wall Street Journal, notably, Musk himself has invested $750 million into xAI, while his social media platform, X, has contributed computing power valued at $250 million. The driving force behind these efforts is Musk’s desire to bolster xAI’s operations. Despit...
Tesla’s Latest Offers for China Car Owners: Free Car Use, Factory Tours, and More!
Innovation & Technology

Tesla’s Latest Offers for China Car Owners: Free Car Use, Factory Tours, and More!

In a bid to attract new customers and boost its electric vehicle adoption, Tesla has rolled out an enticing array of offers for new car owners in China. According to the official Tesla Weibo account, these promotions are designed to make switching to electric vehicles both exciting and accessible. Six Months of Free Driving One of the standout offers is the chance to drive a Tesla vehicle for free for six months. This is part of a broader push to demonstrate the benefits and joys of owning an electric car without any financial commitment upfront. Exclusive Factory Tours Tesla is also offering new owners an exclusive tour of their Shanghai Gigafactory. This two-day, one-night experience allows customers to see where their cars are made, adding a personal touch to the ownership ...
Chipmakers ASML and TSMC: Ready to Activate ‘Kill Switch’ Amid Taiwan Tensions
Innovation & Technology

Chipmakers ASML and TSMC: Ready to Activate ‘Kill Switch’ Amid Taiwan Tensions

In a dramatic move that underscores the escalating geopolitical tensions between China and Taiwan, two of the world's leading chipmakers, ASML and TSMC, have reportedly implemented a remote "kill switch" for their advanced chipmaking machines. This development, reported by Bloomberg, highlights the growing concerns over a potential Chinese invasion of Taiwan and its implications for the global economy. ASML and TSMC's Strategic Response ASML, a Netherlands-based company and Europe's top tech firm by market value, supplies cutting-edge chipmaking equipment to various semiconductor companies, including Taiwan's TSMC. TSMC is estimated to produce around 90% of the world's most advanced processor chips, making it a pivotal player in the global tech industry. The introduction of the "...
Shocking $25 Million Scam: Deepfake Scammers Target Major Engineering Firm
Innovation & Technology

Shocking $25 Million Scam: Deepfake Scammers Target Major Engineering Firm

In a shocking scam, deepfake technology was used to trick an employee at Arup, a major engineering firm, into handing over $25 million. This shows how advanced AI scams are becoming more common and dangerous. The scam happened in January. An employee in Arup's Hong Kong office thought they were on a video call with the company's Chief Financial Officer (CFO) and other staff members. However, the video call was fake. Hong Kong public broadcaster RTHK reported that the scammers used AI to create realistic video and audio of the CFO and other employees. During the call, the employee was told to transfer HK$200 million (about $25.6 million) to five different bank accounts. The employee did this over 15 transactions. It took about a week before the employee realized it was a scam when th...
TikTok’s New 60-Minute Video Test: A Game-Changer for Content Creators?
Innovation & Technology

TikTok’s New 60-Minute Video Test: A Game-Changer for Content Creators?

TikTok is testing a groundbreaking feature that could revolutionize the social media landscape: allowing some users to upload videos up to 60 minutes long. This bold move challenges YouTube's dominance in the realm of long-form content and could potentially shift viewership away from traditional streaming services. A Gradual Expansion TikTok, which initially allowed only 60-second videos, has been steadily increasing its video length limits. Recently, the platform extended the limit to 10 minutes for all users and 15 minutes for some creators. Now, select users are being given the option to upload videos up to 60 minutes long. This pilot program was first publicly spotted by tech newsletter writer Matt Navarra and later confirmed by TikTok to TechCrunch. Post by @mattnavarr...
Real Estate Mogul Frank McCourt Organizes Bid to Acquire TikTok’s US Business
Innovation & Technology

Real Estate Mogul Frank McCourt Organizes Bid to Acquire TikTok’s US Business

Real estate mogul Frank McCourt is leading a new effort to buy TikTok’s US business through Project Liberty, an internet advocacy group he founded in 2021. McCourt's move comes after US lawmakers voted to ban the Chinese-owned app unless it is sold within a year. On Wednesday, McCourt announced that he is forming a team of experts to help with the acquisition. This group includes investment bank Guggenheim Securities, law firm Kirkland & Ellis, as well as technology experts, academics, and parents. Their goal is to create a new internet model that gives users and creators more control over their digital identities and data. "We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. With a net wor...
China Pushes Tech Giants to Buy Local AI Chips Instead of Nvidia’s
Innovation & Technology

China Pushes Tech Giants to Buy Local AI Chips Instead of Nvidia’s

The Chinese government is, in reality, encouraging its tech companies to purchase more locally-made AI chips, according to The Information. Major companies, such as Alibaba, Baidu, ByteDance, and Tencent, are cutting their spending on foreign-made chips in favor of local manufacturers, including Nvidia. China's new directive will be a big blow to Nvidia, as it is a huge market for the company. In recent months, the company has developed certain specialized products for China, among which the three new GPUs are named H20, L20, and L2. The Reuters news agency quoted two sources familiar with the matter, saying that the company was making chips to those products to comply with existing US sanctions. For the fiscal year 2023, China's contribution for the chipmaker data center chip reven...
Tesla’s Robotaxis Coming to China, Elon Musk Plans Big Move
Innovation & Technology

Tesla’s Robotaxis Coming to China, Elon Musk Plans Big Move

Tesla, the pioneering electric vehicle manufacturer, is poised to launch its autonomous taxi service, known as robotaxis, in China. According to a report from China Daily, a state-owned newspaper, Tesla CEO Elon Musk aims to integrate the company's cutting-edge Full Self-Driving (FSD) technology into China's taxi industry. Elon Musk's recent visit to China, where he met with Premier Li Qiang, underscores Tesla's commitment to the Chinese market. Despite facing challenges such as sluggish sales, as reported by Bloomberg, Tesla received initial approval from Chinese authorities to deploy its FSD technology in the country. In addition to this approval, China Daily's report indicates that the Chinese government is interested in Musk's proposal to incorporate Tesla's FSD technology into ...
Google Executives Awarded 200% Stock Payouts Amid Layoffs and Turbulence
Innovation & Technology

Google Executives Awarded 200% Stock Payouts Amid Layoffs and Turbulence

In a year filled with challenges and layoffs, four top executives at Google have received hefty stock payouts based on their performance. Despite a turbulent period for the company, Google's senior vice president and chief business officer each received stock worth $35 million for 2023. Alphabet, the parent company of Google, announced these payouts in a regulatory filing last week, highlighting the rewards for President and Chief Financial Officer Ruth Porat, Senior VP Prabhakar Raghavan, Chief Business Officer Philipp Schindler, and Legal Chief Kent Walker. These executives achieved the highest possible performance-based stock awards, a testament to their contributions in a tough year. Each of these four executives maintained a base salary of $1 million last year, supplemented by ...
The Battle for AI Dominance: Apple Pulls 36 AI Experts from Google in Tech Talent War
Innovation & Technology

The Battle for AI Dominance: Apple Pulls 36 AI Experts from Google in Tech Talent War

Since 2018, Apple has been stealing AI experts from Google. A report from the Financial Times says they've convinced 36 Googlers to join them. It's all part of a big fight between the top tech companies to get the best AI people. A recent Apple's research study had six writers who used to work at Google. They joined Apple in the last two years. A total of nine out of 31 people who helped write the study were last working at Google. Even two writers came from Microsoft. This is happening while there's a big rush among top tech companies to boost their AI teams. Google just got Logan Kilpatrick, who used to be the top guy for developers at OpenAI. Someone even said that the boss of OpenAI, Sam Altman, personally called them to join his team, and they said yes. Mark Zuckerberg from ...