China’s Baidu has unveiled Ernie bot, a Chinese-language competitor to OpenAI’s ChatGPT, but warned the product is not perfect. Shares in the company fell nearly 6.4% to their lowest point since January…
China to Revamp Tech Oversight, Establish National Data Bureau
China has announced plans to form a national data bureau, as it attempts to coordinate its data resources and achieve the “digital China” vision put forward by President Xi Jinping. The new…
Best Buy Inks Deal for Hospital-at-Home Setup
Consumer electronics retailer BestBuy has signed a three year deal with Atrium Health to sell the devices needed for patients to get hospital care at home. The three year deal with the…
FTC Warns Tech Companies Over AI Claims
The Federal Trade Commission has warned technology companies in the United States it intends to crack down on overstated artificial intelligence claims. The FTC, which promotes consumer rights, has released a statement…
Ford Cuts 3,800 Jobs in Europe as Shift to Electric Vehicles Continues
Ford has announced it will cut 3,800 jobs in Europe over the next three years as the automaker switches its focus to electric vehicle production and adopts a “leaner” structure. The car-making…
Meta Adds Nearly $100bn to Market Cap After Encouraging Q4 Earnings
Shares in Meta, the parent company of Facebook, surged this week after the company reported earnings that beat expectations and announced it would buy back billions of dollars in its stock. The…
Baidu Set to Launch New AI Bot Similar to ChatGPT – Report
Baidu, often described as the Chinese equivalent of Google, is to launch an artificial intelligence chatbot service similar to ChatGPT in March, according to a report by Reuters. A source told the…
IBM Beats Revenue Estimates, Announces 3,900 Layoffs
IBM’s quarterly revenue beat analyst estimates this week, as the company enjoyed higher than expected growth in its software and infrastructure segments. But it was also revealed the tech giant plans to…
U.S. Accuses Google of Abusing Ad Tech Monopoly
The U.S. Justice Department and eight states have sued Google this week, claiming the company had illegally abused a monopoly over the technology behind online advertising. Google’s anti-competitive actions “weakened if not…
Activist Investor Elliott Takes Multi-Billion Dollar Stake in Salesforce
Activist investor Elliott Investment Management has taken a substantial stake in Salesforce, amid job cuts and a hefty fall in share price at the software company. According to multiple reports, Elliott took…