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09 Aug 2024

X Halts Use of European Users' Data for AI Training Amid Legal Concerns

X, formerly known as Twitter, has suspended the use of European users' personal data for training its AI models. This decision comes in response to legal challenges and concerns over GDPR compliance.

5 Sources

Telangana CM Revanth Reddy Aims for $1 Trillion Economy, Woos US Investors

Telangana Chief Minister A. Revanth Reddy embarks on a US tour to attract investments, positioning the state as a future-ready economy with ambitious growth plans and a focus on technology and innovation.

4 Sources

Global SME Growth: Services Sector Takes the Lead

Small and medium-sized enterprises (SMEs) worldwide are experiencing growth, with the services sector emerging as the frontrunner. This trend is particularly evident in regions like Taiwan and the Middle East, where SMEs are playing a crucial role in economic development.

2 Sources

Five9 Stock Dives Amid Revenue Slowdown, but Analysts See AI Potential

Five9, a cloud contact center software provider, faces a stock plunge following a weaker Q3 outlook. Despite revenue challenges, analysts remain optimistic about the company's profitability and AI integration potential.

3 Sources

AI: The Double-Edged Sword in the Battle Against Financial Crime

As AI-powered scams become more sophisticated, financial institutions are turning to AI to combat fraud and money laundering. This technological arms race is reshaping the landscape of financial crime prevention.

2 Sources

Venture Capital Industry Faces Exodus Amid Prolonged Downturn

The venture capital industry is experiencing a significant shift as many professionals consider leaving the field due to a prolonged downturn. This exodus is prompting a reevaluation of career paths within the VC world.

2 Sources

Taiwan's Hsinchu Science Park Achieves Record-Breaking Revenue in 2023

Taiwan's Hsinchu Science Park reports unprecedented revenue growth in 2023, driven by AI and high-performance computing. The park's success highlights Taiwan's crucial role in the global semiconductor industry.

2 Sources

TSMC's July Sales Surge 45% on Strong AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a remarkable 44.7% increase in July sales, driven by soaring demand for artificial intelligence chips. This surge highlights TSMC's crucial role in the global AI boom and its impact on the semiconductor industry.

6 Sources

Dell and Commvault Lead in IT Simplification and Data Protection Solutions

Dell Technologies introduces new solutions to simplify IT management and enhance resilience, while Commvault is recognized as a leader in enterprise backup and recovery software for the 13th consecutive time by Gartner.

2 Sources

Nvidia's AI Chip Dominance Sparks Global Race for Alternatives

As Nvidia's AI chips face supply constraints and export restrictions, countries and tech giants are scrambling to develop domestic alternatives, reshaping the global semiconductor landscape.

3 Sources

The Rise of Synthetic Data: Revolutionizing AI and Machine Learning

Synthetic data is emerging as a game-changer in AI and machine learning, offering solutions to data scarcity and privacy concerns. However, its rapid growth is sparking debates about authenticity and potential risks.

2 Sources

Amgen to Establish Cutting-Edge Technology and Innovation Center in Hyderabad

American biopharmaceutical giant Amgen announces plans to open a new technology and innovation center in Hyderabad, India. The facility will focus on biotechnology, artificial intelligence, and digital innovation, creating job opportunities and boosting the local economy.

5 Sources

Telangana CM Revanth Reddy Meets Tech Giants in California, Pitches Investment Opportunities

Telangana Chief Minister Revanth Reddy visits Apple headquarters and meets Adobe CEO during his US tour, promoting Telangana as an investment destination and discussing potential collaborations in technology and skill development.

3 Sources

Apple's Mac Mini Set for Major Redesign and AI Boost with M4 Chip

Apple is reportedly planning a significant overhaul of its Mac Mini, featuring a smaller form factor, the new M4 chip, and enhanced AI capabilities. The redesigned model is expected to launch later this year, marking the first major update since 2020.

4 Sources

Samsung Slashes Galaxy S24 Price for Independence Day Deal in India

Samsung offers a significant price cut on its flagship Galaxy S24 smartphone in India as part of Independence Day celebrations. The deal brings the price down to INR 62,999, making it an attractive option for consumers.

2 Sources

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