The United States government is considering limiting the use of advanced AI models made in China. Because Chinese AI models are becoming more powerful and much cheaper, overpowering American models like OpenAI (ChatGPT) and Anthropic (Claude).
In order to expand its footprint in new territories, Uber has made a bid to buy Delivery Hero, the German food delivery company that owns most of Talabat, the food delivery app listed in Dubai. The offer values Delivery Hero at about $14.8 billion, and if it goes through, it would make Uber the biggest food delivery player outside China, a monicker it has been longing for quite some time now.
HP, an IT Services and IT Consulting company, announces the appointment of Cheryl Doggett as Senior Vice President of Talent & Learning, strengthening its global people leadership as the company continues transforming how its employees work, learn, and lead in an increasingly digital and AI-driven workplace.
HP, an IT Services and IT Consulting company, announces the appointment of Cheryl Doggett as Senior Vice President of Talent & Learning, strengthening its global people leadership as the company continues transforming how its employees work, learn, and lead in an increasingly digital and AI-driven workplace.
New York has become the first US state to temporarily impose a one-year moratorium on the building of large AI data centers.
Kathy Hochul, the governor, says very large data centers can cause various problems. As they utilize a large amount of electricity and water to cool the computers, this significantly increases electricity prices. It also adversely affects the local community and environment.
The White House is set to bring together utility and data center developers to make a voluntary pledge. The idea behind the move is to ensure that rapid growth in electricity demand doesn’t drive up the power bills for households and businesses. The initiative is set to be announced in the upcoming weeks, with several companies expected to participate and to pledge to protect existing ratepayers from bearing the costs of AI expansion.
A major healthcare buyout is on the horizon as Warburg Pincus, teamed up with the Abu Dhabi Investment Authority (ADIA), nears a deal to acquire rare-disease pharmacy PANTHERx Rare.
WizCommerce, an AI-native sales and e-commerce platform for wholesale distributors, has raised $8.3 million in a convertible round from existing investors, led by Blume Ventures with roughly $3 million in investment, while the rest came from Alpha Wave, Peak XV Partners, Z47, and 100X.VC.
Air Canada on Wednesday officially announced the appointment of Anko Van Der Werff as its new Chief Executive Officer (CEO) and President. He is currently serving as the CEO of Scandinavian Airlines.
The United States government is planning to invest $250 million in the I-Pulse Inc. startup to develop semiconductor chips and special electricity technology.
I-Pulse Inc. was co-founded by Robert Friedland, a billionaire well-known in the mining (metal extraction) business, and the company has laboratories in New Mexico.
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