After much anticipation and debate, the streets of San Francisco will soon experience an influx of robotaxis operating around the clock. The California Public Utilities Commission (CPUC) approved the all-day operation of autonomous vehicles, setting a milestone in the transportation industry. They added a few conditions to this permission. Despite the allure of technological advancement, …
Continue reading “Robotaxis Can Now Work the Streets of San Francisco”
Tech giant IBM has announced a prototype “brain-like” chip, which, according to the company, has the potential to revolutionize the energy efficiency of artificial intelligence (AI) systems. The development comes amid growing concerns regarding the carbon emissions generated by sprawling computer warehouses that power these AI systems. The new chip, modeled after the human brain …
Continue reading “Prototype ‘Brain-like’ Chip Promises Greener AI, Says Tech Giant”
WeWork, the company that was once valued at $47 billion, has issued warnings of its potential bankruptcy, raising concerns and questions about its future. Last week, WeWork claimed “substantial doubt” about the coworking-space-based company’s ability to function despite its “going concern” status, considering the resources needed to operate correctly. Since WeWork partners with large commercial …
Continue reading “WeWork Raises Alarms of Possible Bankruptcy”
Taiwan Semiconductor Manufacturing Company (TSMC), a global leader in semiconductor production, is gearing up to open its first European plant in Dresden, Germany. This significant move is expected to cost over €10 billion, underscoring the pivotal role of semiconductor production in the contemporary tech-centric era. Recently, TSMC’s board shared their decision through a press release, …
Continue reading “TSMC Set to Open its First European Plant in Dresden”
Bank shares in the US witnessed a steep fall on Tuesday after ratings firm Moody’s Corporation (MCO) cut the ratings of various US bankers. Moody’s downgraded the credit ratings of multiple small-and medium-sized US banks and issued similar warnings to various big Wall Street lenders. The agency lowered the ratings of ten banks, including Pinnacle …
Continue reading “Moody’s Cuts 10 US Bank Ratings, Warns Others of Potential Downgrade”
A senior Audi executive has released warnings claiming the semiconductor shortages in Germany’s car industry will take years to alleviate despite chipmakers establishing factors in the country. The automotive industry took a hit during the global COVID-19 pandemic, as it led to chip shortages. Since cars use large amounts of chips, from brake sensors and …
Continue reading “Chip Shortage in Germany Will Take Years to Overcome”
Preliminary findings from a landmark Swedish trial indicate that artificial intelligence (AI) is aiding radiologists in more efficiently detecting breast cancer cases. Scientists discovered that AI-supported breast screening detected 20% more cancers than the traditional method of two radiologists double-reading mammograms. Derived from a study of over 80,000 women, these results were recently published in …
Continue reading “Breast Screenings Using AI Boost Cancer Detection”
Amidst rising geopolitical rivalry, President Joe Biden signed an executive order on August 9 to curtail U.S.-based investments in select Chinese technology sectors. The move, while targeted, highlights an intensifying rivalry between the world’s leading superpowers. The order primarily encompasses advanced computer chips, microelectronics, quantum information technologies, and artificial intelligence. Senior U.S. officials have framed …
Continue reading “Biden’s New Order Limits U.S. Investments in Chinese Tech”
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 …
Continue reading “OpenAI’s $700K Daily Drain – Bankruptcy Looms?”
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 …
Continue reading “Microsoft Faces European Antitrust Investigation Over Teams Software”
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.
Copyright © 2024 | CIOCoverage, All Rights Reserved
