In the world of cryptocurrency, particularly with Bitcoin, practitioners often experience a volatile landscape of both opportunity and adversity. The past week has exemplified this duality, showcasing notable increases in both Bitcoin value and mining activity at the same time as profitability concerns loom over the mining sector, revealing a complicated narrative that Bitcoin enthusiasts,
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Saudi Arabia stands on the precipice of a technological revolution fueled by artificial intelligence (AI), as it seeks to harness the capabilities of advanced processors from U.S. chipmaker Nvidia. This ambition was highlighted by Abdulrahman Tariq Habib, Deputy CEO of the Saudi Data and AI Authority (SDAIA), during the recent GAIN summit in Riyadh. Habib
Larry Ellison, the founder of Oracle, celebrated his 80th birthday last month with Oracle emerging as a Wall Street favorite. Unlike other legacy tech giants such as Intel and Cisco, who are struggling in the era of artificial intelligence, Oracle has seen significant growth in its stock value. Following an impressive earnings report, Oracle’s stock
The global focus on generative artificial intelligence has predominantly been on big U.S. companies such as OpenAI, Google, and Meta. However, in the past 18 months, China’s tech giants, including Alibaba and Tencent, have made significant strides in developing their own AI models to capitalize on the growing hype surrounding the technology. China’s goal of
In a recent letter addressed to the CEOs of prominent tech companies, California Attorney General Rob Bonta expressed concern over the potential misuse of social media and artificial intelligence services to deceive voters ahead of the upcoming November election. Bonta emphasized the importance of safeguarding voters from misinformation, intimidation, and dissuasion, citing existing California laws
The U.K. is struggling to effectively commercialize technology businesses on a global scale, according to Warren East, former CEO of British chip design firm Arm. There is a lack of investor support and a need for a mindset shift in the investor community in order to succeed internationally. East emphasized that the U.K. has a
Northvolt, a prominent battery producer for Europe’s electric vehicle industry, recently announced its plans to streamline operations by cutting jobs and closing down a facility in Poland. This decision came after a strategic review of the company’s business, leading to the realization that some difficult decisions needed to be made to align with the reduced
Content creators on platforms like YouTube are increasingly shifting away from relying solely on Google’s algorithms and advertising revenue to sustain their businesses. The Try Guys, a prominent YouTube creator group, have taken a bold step by launching their standalone streaming service called 2nd Try. This move has allowed them to diversify their revenue streams,
Roblox, the famous kids’ gaming platform, is taking a significant step by allowing some game developers on the platform to charge users real money for playing their games. This move marks a departure from the platform’s reliance on its digital currency, Robux, for transactions. The new payment model introduced at Roblox’s annual developer conference offers
In a recent development, a regional director for the National Labor Relations Board (NLRB) stated that Amazon should be deemed a “joint employer” of some of its contracted delivery drivers. This decision comes after two unfair labor practice charges were filed in January concerning the treatment of drivers at an Atlanta warehouse known as DAT6.