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Alibaba Lost $20 Billion In Market Value When It Decided Not To Float Its Cloud Computing Company

Alibaba, the enormous Chinese e-commerce company, lost $20 billion in market value when it declared that it would not be listing and spinning out its cloud computing division.   Citing U.S. export limitations on advanced semiconductors, the business, which competes with the internet behemoth...

US Automobile Sales Leader Toyota's Camry Now Exclusively Runs On Hydrogen

The most daring step yet taken by the Japanese carmaker to get hybrid technology into the core of the American market is the announcement that the next version of the Toyota Camry, the best-selling sedan in the country, will only have a gas-electric hybrid powertrain.   In all front-wheel...

Nvidia Updates Its Flagship Chip To Support More Complex AI Systems

Nvidia declared that it has enhanced the capabilities of its top-tier AI processor and that it will begin to ship the new product alongside Amazon.com, Google, and Oracle early in the next year.   The chip, dubbed the H200, will surpass Nvidia's top-tier H100 chip at present. More...

Wegovy, A Weight Loss Medication From Novo Nordisk, Reduces The Risk Of Major Cardiac Events

In a meticulously monitored experiment, Novo Nordisk's Wegovy reduced the risk of major cardiovascular problems in individuals with obesity and heart disease. It also showed a particularly significant effect on heart attacks, suggesting a promising new direction for the medication.   Wegovy...

Political Advertisements On Meta Platforms Will Have To Flag Off Use Of Deepfakes

Political marketers will have to notify Meta when their ads on Facebook and Instagram employ artificial intelligence (AI) or digital manipulation. Although the social media platform already has rules in place regarding the use of deepfakes, it claims that this goes one step further.  ...

Stolen Boeing Data Published By The Lockbit Hacker Group

On Friday, Lockbit—a cybercrime group that demands ransom payments in exchange for data theft and release—published online internal data from Boeing, one of the biggest defence and space companies in the world.   In October, the hackers declared that they had amassed "a tremendous amount" of...

Talks About Google Investing In An AI Startup Character.AI- Reuters

Talks on investing hundreds of millions of dollars in Character.AI are underway at Alphabet's Google, as the rapidly expanding chatbot firm focused on artificial intelligence looks for funding to train models and meet user demand, according to a report by Reuters quoting information from two...

Novo Nordisk, Manufacturer Of Medications For Weight Loss, Invests $6 Billion To Increase Production

In order to accommodate the rapidly increasing demand for the Wegovy weight-loss medication worldwide, Novo Nordisk has announced that it will invest more than 42 billion crowns ($6 billion) in its Danish production facilities in the upcoming years.   The business said in a statement that...

Humane Unveiled Their Wearable "Ai Pin," Supported By Former Apple Executives And Microsoft

A Silicon Valley business called Humane, which boasts a stellar roster of executives and co-founders, has unveiled a $699 gadget that promises to deliver state-of-the-art artificial intelligence right to your wrist.   The gadget, dubbed the "Ai Pin," is meant to be worn on clothing and may...

GM Plans To Stop Making The Cruise Autonomous Van

Only a few days after the company stated it was suspending all driverless activities, General Motors has already announced that it intends to temporarily stop manufacturing of its fully automated Cruise Origin van.   Forbes broke the news of the change first, using an audio recording of...

SoftBank Funded WeWork, Formerly The Most Valued US Startup, Filed For Bankruptcy

WeWork, the startup funded by SoftBank Group whose quick rise and fall changed the office industry worldwide, filed for bankruptcy in the United States after its investments in businesses utilising more of its office-sharing space went bad.   SoftBank, a Japanese technology giant that owns...

OpenAI Will Create More Powerful And Affordable Models

Maker of ChatGPT At its first-ever developer conference on Monday, OpenAI is anticipated to disclose product updates that will make its AI models more affordable and functional.   The goal of OpenAI, as signalled by the conference, is to become more than just a consumer phenomenon. CEO Sam...
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