US awards $35 million first CHIPS Act grant to BAE Systems to modernize microelectronics facility
BAE Systems has become the first recipient of the U.S. CHIPS Act Funding Award, aimed at shoring up American semiconductor manufacturing
French startup Mistral AI achieves $2 billion valuation, ‘OpenAI of Europe’ paves the way for open-source AI
Paris-based startup Mistral AI has emerged a rising star in the AI domain, raising $415 million in Series A funding, and attaining $2 billion valuation
Mega Move: TikTok to invest $1.5 billion to transform Indonesia’s e-commerce with tech giant GoTo
TikTok is investing $1.5 billion in Indonesia’s GoTo Group, resuming business in Southeast Asia’s biggest e-commerce market.
EU agrees historic deal on world’s first laws to regulate AI
The European Union (EU) has agreed on the details of the AI Act, a set of rules for…
Google launches most capable AI model Gemini — All you need to know
Google has introduced Gemini, a multimodal, generative AI model superior to GPT-4, capable of interpreting text, code, audio, images, and video across Google services.
Pakistan’s Neem partners with Mastercard to boost financial inclusion
Pakistan's Neem partners with Mastercard to improve financial access to underserved communities, marking Mastercard's first embedded finance venture in the country.
COP28: 22 nations pledge to triple nuclear generation capacity by 2050
As many as 22 countries signed the declaration to triple global nuclear energy capacity by 2050 during COP28, the…
AWS and Nvidia announce strategic partnership in Generative AI and Cloud Innovation
AWS and Nvidia expand their strategic collaboration to enhance generative AI applications, offering cutting-edge infrastructure, software, and services across the full computing stack.
Abu Dhabi launches new AI company AI71 to stay ahead in the global AI race
Abu Dhabi’s Advanced Technology Research Council (ATRC) has has unveiled its latest venture AI71 – a new artificial…
Binance CEO pleads guilty to money laundering violations, crypto platform hit with $4 billion in damages
Changpeng Zhao, the founder of world’s largest cryptocurrency exchange Binance has pleaded guilty to money laundering violations. Zhao,…