OpenAI is staring at a looming financial crisis. A report from Analytics India Magazine states that the company is on the brink of bankruptcy, primarily because of the overwhelming operating costs of its flagship AI chatbot, ChatGPT. Sam Altman’s AI development studio invests $700,000 daily to support ChatGPT’s ongoing mission to advance generative AI. This …
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In a twist that could reshape the tech landscape, Microsoft has come under the scrutiny of European antitrust authorities. The European Commission’s announcement comes after a formal complaint from Slack, now a part of Salesforce, back in 2020. It’s a classic tale of rivalry and intrigue, where accusations of unfair competition are now under the …
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EU countries unite to curtail the power of Big Tech companies through a pioneering agreement known as the ‘Data Act.’ Following seven hours of intense negotiations between EU lawmakers, this groundbreaking pact seeks to safeguard European consumer and corporate data, aiming to level the playing field and rein in the dominance of US tech giants. …
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In a quest for a more sustainable tomorrow, the US government is putting the pedal to the metal, steering the automotive industry towards a revolutionary transformation. Proposing sweeping changes in auto emissions standards, the stage is set for electric vehicles (EVs) to take the limelight, propelling toward a greener and cleaner future. By 2032, a …
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In today’s interconnected world, where lives revolve around smartphones and digital devices, safeguarding personal information has become more critical than ever. Recognizing this, the Federal Bureau of Investigation (FBI) has issued a vital warning to consumers, shedding light on the potential risks linked to using public phone charging stations. These public USB stations, commonly found …
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Elon Musk’s announcement of the rebranding of the world-renowned social media platform ‘Twitter’ as ‘X’ sent shockwaves across the world. Stepping away from the iconic blue bird logo and the platform’s well-established name, Musk aspires to create an innovative ‘everything app’ that transcends traditional social networking boundaries. Musk’s ambitious vision for X extends far beyond …
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In a landmark move, the parent company of Facebook, Meta agreed to pay a whopping US $725 million last year as a privacy settlement to address allegations of their mishandling user data. Now, U.S. Facebook users have an opportunity to secure their rightful share from this settlement with only a month left to file their …
In a groundbreaking move to address password sharing, Netflix has witnessed a significant surge in its paid subscriber base. During the second quarter, the streaming giant proudly announced the addition of nearly six million paid subscribers, propelling its global total to a staggering 238 million paid members. Netflix’s ongoing campaign to curb password sharing has …
The integration of artificial intelligence (AI) into journalism is bringing forth a new era of media transformation, reshaping the way stories are told and consumed. This illustrates the coexistence of human ingenuity and technological advancement in the media industry. AI’s presence in newsrooms centers on the interaction between humans and machines, yielding profound journalistic outcomes. …
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AI has taken technology to newer heights and played a fundamental role in transforming the digital age. However, in the quest to make the technology even stronger, scientists are developing AI that will be better than human minds, which begs the question—will AI surpass human intelligence? Generative AI “generates” content, such as texts, images, audio, …
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The enterprise tech world is evolving with newer ambitions. While the wings of innovation are spreading to newer skies, the technologists are finding it hard to play catch-up and are making sure they are in tune with the technology juggernaut. CIOCoverage aims to bridge this very gap that exists between the tech-savvy where he rests, in the very heart of it. Awakening a keen insight in you to move along the flow, CIOCoverage works to make the entrepreneurs, versatile to the sturdy technological influences.
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