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AI

BUSINESS

Meta stock surges after Q2 results beat expectations despite heavy AI spending

Digital Desk -
Meta has posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased. Shares in the Facebook owner surged...
BUSINESS

Elon Musk-led group proposes buying ChatGPT-maker OpenAI

Digital Desk -
A group of investors led by Elon Musk has said it is offering more than 97 billion dollars (£78.3 billion) to buy OpenAI, escalating...
NEWS

Taiwanese chipmaker TSMC posts 57% surge in profits thanks to AI boom

Digital Desk -
Taiwan computer chip maker TSMC reported on Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom. The world’s...
BUSINESS

Cisco cuts thousands of jobs as it shifts focus to AI and cybersecurity

Digital Desk -
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year as the company shifts its...
NEWS

Elon Musk’s xAI raises $6 billion to develop artificial intelligence

Digital Desk -
A group of investors will put up $6 billion (€5.5 billion) to fund development of artificial intelligence by Elon Musk’s xAI. The company said on...
BUSINESS

Samsung reports 10-fold increase in profit as AI drives rebound for memory chips

Digital Desk -
Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence (AI) technologies drives a rebound...
NEWS

Cisco Systems joins Vatican pledge to ensure ethical use and development of AI

Digital Desk -
Tech giant Cisco Systems has joined Microsoft and IBM in signing on to a Vatican-sponsored pledge to ensure artificial intelligence is developed and used...
TECHNOLOGY

Microsoft invests $1.5bn in Abu Dhabi-based AI firm G42

Digital Desk -
Microsoft is investing $1.5 billion (€1.4 billion) in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national...
WORLD NEWS

YouTube creators will have to disclose use of generative AI in videos

Digital Desk -
YouTube is rolling out new rules for AI content, including a requirement that creators reveal whether they have used generative artificial intelligence to make...
NEWS

Microsoft reports 20.1 billion dollar quarterly profit and pledges to lead on AI

Digital Desk -
Microsoft on Tuesday reported fiscal fourth-quarter profit of 20.1 billion dollars (£15.6 billion), or 2.69 dollars (£2.09) per share, beating analyst expectations for 2.55...
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