Meta soared nearly 9 per cent on Thursday after its rosy revenue growth signaled that strong digital-ad spending on its social media platforms can cover the cost of its AI investments. The parent company of Facebook was on track to add about $120 billion to its market value of $1.204 trillion, after it topped second-quarter …
Meta Rallies As Strong Ad Revenue Cushions AI Spending. Read More »
Don Lemon on Thursday filed a lawsuit against Elon Musk and X after the erratic billionaire canceled a planned partnership that would have seen the former CNN anchor create a talk show on the embattled social media platform. Musk abruptly canceled the well-publicized deal with Lemon earlier this year after he became visibly annoyed during an interview …
Don Lemon Sues Elon Musk and X Over Scrapped Talk Show. Read More »
d.light, a global leader in affordable household products and financing for low-income households, has announced the closure of a new securitisation facility. This facility will acquire receivables amounting to USD$176 million from Kenya, Tanzania, and Uganda. African Frontier Capital, an asset management company focused on social impact, is providing this new financing. With the assistance …
D.light Secures $176 Million to Expand Affordable Off-Grid Solar in East Africa. Read More »
Apple has revealed that they used Google’s custom chips to train its AI models that underpin Apple Intelligence. In a research paper published by the hardware company on Monday, they shared that two key parts of its AI system were pretrained on processors designed by Google. The move is rare considering the dependence that Big …
Apple Used Google’s Chips To Train New AI Models. Read More »
Yesterday, Meta began the roll out of AI Studio in the US. Meta AI Studio will allow users to create, share, and discover custom AIs. Thanks to the power of the Llama 3.1 model, AI Studio enables anyone to create custom AI characters without needing any technical skills. Creators can also use AI as an …
Meta AI Studio Allows Anyone To Create Custom AI Characters. Read More »
LinkedIn has agreed to pay $6.625 million to settle a proposed class action lawsuit accusing the Microsoft subsidiary of cheating advertisers by inflating the number of viewers of video ads on its platform. A preliminary settlement was filed late Thursday in federal court in San Jose, California, and is subject to approval by U.S. Magistrate …
Microsoft’s LinkedIn Settles Advertisers’ Lawsuit Over Alleged Overcharges. Read More »
Russian authorities admitted on Thursday that they are deliberately slowing YouTube loading speeds in response to Google’s refusal to comply with Russian tech regulations. By the end of this week, YouTube download speeds on desktop computers in Russia may drop by 40%, and by the end of next week by 70%, according to Russian lawmaker …
Russia Admits To Slowing YouTube Speeds For Refusing To Comply With ‘Legislation’. Read More »
Apple Inc has signed U.S. President Joe Biden’s voluntary commitments governing artificial intelligence (AI), joining 15 other firms that have committed to ensuring that AI’s power is not used for destructive purposes, the White House said on Friday. The original commitments, announced in July 2023, were signed on to by firms including Google and OpenAI …
Apple Signs On To Voluntary US Scheme To Manage AI Risks, White House Says. Read More »
As of April 2023, Nigeria had 258 internet service providers (ISPs) and the industry’s regulator, the Nigerian Communications Commission (NCC), was looking to issue more licences to new operators to drive 70% internet penetration by 2025. One year later, the number of operators is shrinking; 12 companies have failed to renew their five-year licences on …
Hit By Steep Operating Costs, Nigerian Internet Service Providers Gasp For Air. Read More »
Tesla CEO Elon Musk said on Thursday he and the board of the electric vehicle company will discuss making a $5 billion investment in his artificial intelligence startup xAI, fueling concerns about a conflict of interest. Musk, the world’s richest person, launched xAI last year in a bid to compete with Microsoft-backed OpenAI. That sparked …
Musk to Discuss $5 Billion xAI Investment With Tesla Board. Read More »
