The UK government has announced up to £1 billion ($1.24 billion) for its semiconductor industry to increase its domestic chip-making capabilities and prevent further disruptions to the supply chain. This move comes in response to the cries for help from bosses at some of the country’s leading firms, who warned of the risk of supply
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Elon Musk, the CEO of electric car manufacturer Tesla, recently spoke to CNBC anchor David Faber in a revealing interview. During the conversation, Musk shared his vision for Tesla’s future. He stated that the company’s goal is to make electric cars more affordable and accessible to the average consumer. Musk also discussed Tesla’s plan to
Google has introduced PaLM 2, its new large language model (LLM), which uses almost five times more training data than its predecessor. The model is trained on 3.6 trillion tokens, compared to the 780 billion tokens of the Pathways Language Model from 2022. PaLM 2 is a general-use LLM that is designed to perform advanced
The US Department of Justice announced on Tuesday that a former Apple software engineer, Weibao Wang, has been accused of stealing autonomous technology for a Chinese self-driving car company. This is the third time a former Apple employee has been accused of this type of theft. The Allegations Wang, who worked at Apple from 2016
At the annual shareholder’s meeting, Elon Musk, CEO of Tesla, announced that the company will be delivering production Cybertrucks later this year, after experiencing manufacturing challenges. Musk stated that the Cybertruck would be the vehicle he drives on a daily basis. Once full production has been ramped up, Tesla intends to produce between 250,000 to
Tencent, the Chinese multinational conglomerate, announced an 11% increase in revenue in Q1, its fastest growth in over a year. The company reported a rise in payment volumes, ad sales, and gaming. The Beijing-based tech giant’s revenue was 150 billion Chinese yuan ($21.4 billion), beating expectations of 146.09 billion yuan. Profit attributable to equity holders
Stefano Perego, the vice president of customer fulfilment and global ops services for North America and Europe at Amazon, recently spoke to CNBC about how the company is using artificial intelligence (AI) to speed up deliveries. One of the areas where AI is being used is in transportation, such as mapping and planning routes, while
Fanatics has made its first major move into U.S. sports betting by purchasing PointsBet’s U.S. operations for $150 million in cash. The deal, which was announced on Sunday, will provide Fanatics with access to at least 15 states. Fanatics Betting and Gaming and PointsBet issued a joint statement regarding the acquisition, stating that both parties
Google employees paid close attention to the annual developer conference and Wall Street’s positive reaction to it, with many staffers crediting the company’s engineers for the 4.3% stock increase that followed. According to internal conversations viewed by CNBC, employees praised their colleagues who worked to get the products ready for prime time as part of
Mike Lynch, a British tech entrepreneur, has been extradited to the United States to face charges of securities and wire fraud related to the sale of his software company Autonomy to Hewlett Packard. Lynch arrived in San Francisco on Thursday and is currently detained until his bail conditions are met. He attended an arraignment hearing