IBM share plunge is a warning to the IT sector
AI demand is starting to crowd out other forms of sector spending
AI & Society
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China’s Chip Champion to Raise Billions in Race for A.I. Control
CXMT, a linchpin in China’s drive to develop homegrown artificial intelligence technology, is aiming to raise nearly $10 billion in a blockbuster public offering in Shanghai.
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China’s economic growth slows to weakest pace in over three years
Economic reports on Wednesday found that Chinese growth has sunk to the slowest pace in over three years. Despite benefitting from the global AI boom, the country has not managed to offset the slump due to a struggling property sector, drop in domestic spending and trade disruptions caused by the war in Iran.
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ASML raises forecasts as AI boom drives chipmaking demand
Company to increase production capacity of its most advanced lithography machines
ASML raises forecasts as AI boom drives chipmaking demand Read More »
China’s Economy Grows at Slowest Pace in Years
Economic growth of 4.3 percent in the second quarter, versus the same period last year, reflected a broad slump outside of the country’s export-oriented manufacturing might.
Data Centers to Add Billions in Power Costs in 13 States
A power auction conducted by a giant grid operator is expected to add $6.3 billion in additional charges to consumers and businesses because of electricity needs of data centers.
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Publishers sue Google over alleged use of books to train AI models
Book publishers sued Google on Tuesday, accusing the tech giant of illegally using copyrighted works to train its artificial intelligence models and generate content that competes with human authors. The lawsuit marks the latest legal battle over how AI developers use books and other creative works to build their systems.
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Lawsuit claims Meta’s layoff decisions were made by AI, not humans
Meta’s AI-fueled layoffs of 8,000 employees targeted workers with disabilities and those who took protected medical or family leaves, alleged a lawsuit filed by 26 employees who were selected for termination. Meta used internal AI tools to select employees for layoffs, according to the complaint filed yesterday by 26 “Doe” plaintiffs in US District Court
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US military sent explosive drone boats into combat for the first time
For the first time in its history, the US military sent explosive-laden drone boats into combat by attacking an Iranian midget submarine and naval port. The unprecedented use of such kamikaze sea drones by the United States comes nearly a decade after Iranian and Houthi forces first demonstrated such weapons. The US military shared a
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