In a move echoing recent trends across the tech industry, Sony announced on Tuesday that it is laying off around 900 employees, or 8% of its global workforce, within its PlayStation division. The company also plans to close its London Studio in the UK. PlayStation chief Jim Ryan, in a note to employees, explained the … Read more
Tech companies in China are actively collecting resources and skilled individuals in order to close the gap with OpenAI. Interestingly, researchers on both sides of the Pacific Ocean share similar experiences. A recent post from an Alibaba researcher provides a unique insight into the process of building Large Language Models at the e-commerce company. This … Read more
Inkitt, a self-publishing platform with a bold vision, believes in using artificial intelligence (AI) to transform promising stories into bestsellers and build a multimedia empire around them. The company’s approach involves allowing users to self-publish stories on their app, then leveraging AI and data science to identify the most captivating ones for further development and … Read more
Chinese automaker BYD, a major force in the electric vehicle (EV) market, has sent shockwaves through the industry with the audacious introduction of the U9, its revolutionary electric supercar. This bold move marks BYD’s entry into the high-performance EV segment, challenging established players and showcasing the company’s potential to push the boundaries of electric car … Read more
Byju Raveendran, the founder of edtech giant Byju’s, finds himself embroiled in a corporate battle after a shareholder group voted to remove him as CEO. Despite the vote, Raveendran maintains in a letter to employees that he remains the company’s leader and argues that the shareholders’ actions were invalid. The shareholder group, which includes major … Read more
Xiaomi unveiled its latest flagship smartphone, the 14 Ultra, on Thursday, specifically targeting the competitive high-end segment dominated by Apple and Huawei. Priced starting at 6,499 yuan (US$903), the 14 Ultra joins the Xiaomi 14 series and aims to undercut the iPhone 15 (5,999 yuan) and iPhone 15 Pro (7,999 yuan). Pre-orders are open, with … Read more
NVIDIA, the graphics processing unit (GPU) giant, has experienced a remarkable journey in the past decade, fueled by the rise of artificial intelligence (AI). This article explores the company’s valuation trajectory from 2012 to 2023, analyzing how the development of AI has impacted its financial performance and market perception. Early Days: Building the Foundation (2012-2015) … Read more
As China’s e-commerce titans continue their global expansion, JD.com has set its sights on the UK with a potential takeover bid for electronics retailer Currys. This move could mark a significant shake-up in the British retail landscape, raising questions about competition, consumer benefits, and China’s growing influence in the international marketplace. Currys, currently the UK’s … Read more
Moonshot AI, a rising star in the Chinese artificial intelligence (AI) scene, has just closed a massive $1 billion funding round. This marks a significant development in the ongoing competition between AI research outfits, particularly in the wake of OpenAI’s impressive advancements. The funding round was led by e-commerce giant Alibaba and venture capital firm … Read more
The European Union has launched a formal investigation into TikTok, raising the potential for hefty fines if the popular video app is found to have violated the bloc’s new Digital Services Act (DSA). This move follows concerns about potential breaches in areas related to child safety, advertising transparency, and algorithmic practices. The investigation, announced by … Read more