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Customs data: Russia imported $570M worth of US chips from Hong Kong and mainland China from February 24, 2022 to December 31, 2022, despite US sanctions
(
t.co
)
2023-4-12
Russia
China
Hong Kong
Internal email: Sydney-based MilkRun, which promised grocery delivery in 20 minutes or less and raised a A$75M Series A led by Tiger Global in 2022, is closing
(
t.co
)
2023-4-11
Sydney
Experts say Micron was an obvious first target for China after US sanctions, but Beijing is unlikely to retaliate further due to its reliance on US chips
(
t.co
)
2023-4-10
China
Baidu sues “relevant” app developers and Apple over fake apps for its Ernie bot on the App Store; Ernie, launched in March 2023, doesn't have an official app
(
t.co
)
2023-4-9
Apple
Customs data: London-based Mykines shipped ~$1.2B of chips, servers, and other electronics into Russia, at least $982M of which are subject to export controls
(
t.co
)
2023-4-8
Russia
London
As Revolut and other “e-money” companies grow in the EU and the UK, customers complain of inadequate customer support, leading to a UK FCA warning in March 2023
(
t.co
)
2023-4-6
Sensor Tower: TikTok advertising in the US grew by 11% in March, despite the threat of a ban, with Pepsi, DoorDash, Amazon, and Apple among the top spenders
(
t.co
)
2023-4-6
Amazon
Apple
Ban
Sensor
Kyoto-based Kyocera plans to spend ~$470M over six years on a new chip materials plant in Nagasaki prefecture, its first domestic production facility since 2005
(
t.co
)
2023-4-6
Meta CTO Andrew Bosworth says the company plans to begin commercializing its generative AI in 2023 and remains at the “very forefront” of the LLM field
(
t.co
)
2023-4-5
AI
As AI chatbots explode, Helsinki-based Silo AI and other European startups race to improve responses in languages other than English, like German and Arabic
(
t.co
)
2023-4-5
Germany
Europe
Startup
AI
chatbot
SEC arrests Frank founder Charlie Javice and charges her with fraud, saying she falsified user numbers when JPMorgan paid $175M for the student finance startup
(
t.co
)
2023-4-5
Startup
JPMorgan
Anti-plagiarism software maker Turnitin launches a service to detect AI-generated text in academia, claiming 98% confidence compared to OpenAI's 26%
(
t.co
)
2023-4-4
AI
Comparing OpenAI's ChatGPT, for in-depth replies, and Google's Bard, for natural dialog, on summarizing an article, telling a joke, picking stocks, and more
(
t.co
)
2023-4-3
Google
Sources: YMTC expects to begin production at a new chip plant in H2 2024 by relying more on domestic suppliers, boosting China's self-sufficiency efforts
(
t.co
)
2023-3-31
China
Sources: India is looking for alternatives to Pegasus to avoid the “PR problem” associated with the NSO Group, and is seeking to spend between $16M and $120M
(
t.co
)
2023-3-31
India
Sources: Meta is considering a company-wide political ads ban in Europe, concerned its platforms will be unable to comply with forthcoming online campaign laws
(
t.co
)
2023-3-30
Europe
Ban
As Microsoft, Meta, Google, Amazon, Twitter, and others cut their responsible AI teams, experts worry about issues like potential abuses and hallucination
(
t.co
)
2023-3-30
Google
Amazon
Microsoft
AI
Twitter
Docs: Binance CEO and other execs hid its links to China for several years, including an office until 2019, despite saying in 2017 that Binance left China
(
t.co
)
2023-3-30
China
Goldman Sachs research: generative AI could increase annual global GDP by 7% over a 10-year period and expose 300M full-time jobs to automation globally
(
t.co
)
2023-3-29
AI
Goldman
GDP
A profile of Swedish gaming company Embracer, whose growth via frantic dealmaking has raised questions of financial performance, accounting practices, and more
(
t.co
)
2023-3-29
Sweden
Sources: Sam Bankman-Fried gave some Genesis executives the chance to invest in presale of FTT and Serum at a discount, before the tokens were issued publicly
(
t.co
)
2023-3-28
Ammo maker Nammo says its growth is hit by a TikTok data center using all spare electricity, as energy demand from data centers and others grows in the Nordics
(
t.co
)
2023-3-27
Energy
Alex Szapiro, co-head of SoftBank's nearly $8B Latin America fund, says he is confident about securing extra capital from its parent despite a ~$900M paper loss
(
t.co
)
2023-3-27
U.S.
Latin America
In his first visit to China since 2020, Tim Cook praises Apple's “symbiotic kind of relationship” with China, amid Apple's moves to diversify from the country
(
t.co
)
2023-3-26
China
Apple
Tim Cook
Sources: China released top chip investor Chen Datong, detained in 2022 as part of a chip industry crackdown, as it seeks experts to navigate western sanctions
(
t.co
)
2023-3-25
China
China “firmly opposes” a forced sale of TikTok, warning the move would involve “technology export” and would “seriously damage” investor confidence in the US
(
t.co
)
2023-3-24
China
Researchers warn of “industrial capture” in AI as companies dominate the sector; 96% of the biggest AI models belonged to companies in 2021, up from 11% in 2010
(
t.co
)
2023-3-23
AI
Intel, IBM, Nvidia, and other chip companies have joined industrial materials businesses to fight proposed clampdowns on “forever chemicals” across the US
(
t.co
)
2023-3-23
Intel
IBM
Nvidia
Sources: Arm seeks to raise prices for its chip designs by charging device makers based on the value of a device instead of chipmakers based on a chip's value
(
t.co
)
2023-3-23
The UK CMA says Broadcom's $69B VMware acquisition could make servers more expensive and requests remedies, warning of a potential in-depth investigation
(
t.co
)
2023-3-23
VMware
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