In technology, many entrepreneurs get only one defining act. Liang Wenfeng, the founder of DeepSeek, is already on his second. The engineer, described by colleagues as introspective, first made his mark in China’s investment world in the late 2010s, cofounding a hedge fund that used artificial-intelligence models to deliver strong returns and attracted billions of … Read more
The Doomsday Clock now stands at 89 seconds to midnight, the closest it’s ever been to symbolizing global catastrophe, according to the Bulletin of the Atomic Scientists. The Bulletin announced the change on Tuesday, citing escalating nuclear risks, climate change, biothreats, and disruptive technologies as primary reasons.“At 89 seconds to midnight, the doomsday clock stands … Read more
Stock markets fell sharply on Monday, dragged down by fears that advances in artificial intelligence by Chinese upstarts could threaten the moneymaking power of American technology giants. The Chinese A.I. company DeepSeek has made waves by matching the capabilities of cutting-edge chatbots while using a fraction of the specialized computer chips that leading A.I. companies … Read more
The federal government on Jan. 13 proposed a global policy to limit the distribution of powerful, U.S.-made GPUs, an effort to promote U.S. dominance over China in the AI chip industry. “To enhance U.S. national security and economic strength, it is essential that we do not offshore this critical technology and that the world’s AI … Read more
The cyber landscape is more turbulent than ever. Microsoft recently reported a 2.75-fold increase in ransomware attempts this year, while research predicts that global cyber attacks in 2024 will surge 105% compared to 2020. There is a dire need for more qualified cyber professionals as generative AI is lowering the barrier to entry for attacks. … Read more
Three months ago, Wall Street punished the world’s largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results that failed to justify the costs. Silicon Valley’s response this quarter? Plans to invest even more. The capital expenditures of the four largest internet and software companies – Amazon, Microsoft, Meta and … Read more
Seoul: South Korea’s Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion, but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers. The world’s largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) “largely due to one-off costs”. … Read more
The 2024 presidential election will surely have far-reaching consequences in many areas — and artificial intelligence is no exception. EY’s latest technology pulse poll, published in October, revealed that 74% of 503 tech leaders expect the election to impact AI regulation and global competitiveness. Although tech leaders said they plan to significantly increase AI investments … Read more
Gujarat: Meril Life Sciences recently organised a two-day executive program titled “Get Ahead in Life,” aimed at senior and middle managers working in healthcare supply chain management and procurement. The workshop focused on tackling key challenges and uncovering opportunities within the healthcare supply chain, particularly through the integration of cutting-edge digital technologies, artificial intelligence, and … Read more
Taipei: Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers. Revenue for Apple‘s biggest iPhone assembler jumped 20.2% year on year to T$1.85 trillion ($57.3 billion). “The result exceeded the company’s original expectations of significant growth,” Foxconn … Read more