According to the Bloomberg Billionaires Index, Elon Musk has once again taken the top spot as the world’s richest person after surpassing Bernard Arnault, the CEO of the French luxury brand Louis Vuitton. As of Thursday, Musk’s net worth stood at approximately $192 billion, while Arnault’s net worth was approximately $187 billion. Bezos and Gates
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The European Union and the United States plan to release a voluntary code of conduct on artificial intelligence (AI) soon. The move aims to develop common standards among democracies as China makes rapid gains in AI technology. Both political and technology industry leaders are warning about the growing risks that AI poses, with potentially wide-ranging
Apple supplier Foxconn is set to start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, according to the state government. The project, which is valued at Rs. 130 billion, is expected to create around 50,000 jobs. Details of the Project Foxconn, which is the world’s largest contract electronics manufacturer, has set
Foxconn, the world’s largest contract electronics maker, has announced that artificial intelligence (AI) applications will drive demand for its server business in 2021. Foxconn Chairman Liu Young-way has stated that the company remains cautious about the year ahead due to geopolitical tensions, monetary policy tightening, and inflation uncertainty. However, the surge in interest in AI
Danish Prime Minister Mette Frederiksen recently delivered a speech to parliament, which was partially written using an artificial intelligence tool, ChatGPT. The speech took place as parliament was preparing to close for the summer. While delivering the speech to legislators, Frederiksen explained that the content she was reading was not from her or any other
A group of industry leaders and experts have issued a warning that global leaders should be taking action to reduce the risks posed by artificial intelligence (AI) technology. The statement, which was signed by dozens of specialists, including Sam Altman whose firm OpenAI created the ChatGPT bot, said that tackling the risks from AI should
Counterfeit products have always been a problem, and identifying them has been a challenging task that requires a lot of knowledge about the original products. However, a new app that uses artificial intelligence (AI) claims that it can authenticate products by checking an image clicked using a smartphone. This app does not require barcodes, markers,
NBCUniversal and Viacom18 have recently entered into a multi-year partnership with JioCinema, which will soon offer all of NBCUniversal’s content to its Indian audience. The deal, which goes into effect from next month, will allow JioCinema’s Premium SVOD tier subscribers to access Universal’s entire catalogue of movies and TV series through a Peacock-branded hub. The
The Competition and Markets Authority (CMA) in the UK has announced that social media giant Meta has offered to limit its use of other businesses’ advertising data for its Facebook Marketplace service. This decision was made to address the regulator’s competition concerns. The CMA said it was inclined to accept the commitments, which include advertisers
Recent reports indicate that German authorities are investigating Tesla for possible data protection violations. Handelsblatt newspaper revealed that the Brandenburg data protection office in the state where Tesla has its European gigafactory has indications of data protection violations by the electric car manufacturer. The US automaker has allegedly failed to protect data from its customers,