When Chilean truck driver Claudio Perez decided to purchase a Chinese-made family car two years ago, he was skeptical at first. However, the combination of a competitive price point and quick delivery time swayed him, and now he is a strong advocate for Chinese car models. Perez is just one of many car buyers in
Investment
British fintech startup Revolut recently announced that it has achieved an impressive valuation of $45 billion in a secondary share sale. This significant increase from the $33 billion valuation just a few months ago highlights the remarkable growth and success of the company. This valuation reflects the strong financial performance and strategic execution by Revolut
Americans are falling victim to a new form of fraud known as “pig butchering” scams. These schemes involve fraudsters using flattery and fake bonding to deceive their victims. The strategy has led to billions of dollars in stolen funds, with cryptocurrency investments being a major target. According to the FBI’s Internet Crime Report, losses from
Eric Schmidt, former CEO and chairman of Google, recently made waves with his comments suggesting that Google was caught off guard by the rapid ascent of ChatGPT. He attributed this blindside to the fact that Google employees prioritized remote work over innovation, leading to a significant misstep in the tech industry. During a discussion at
During Google’s recent Pixel phone launch, a live demo of the company’s new AI assistant, Gemini, did not go as planned. The presenter, David Citron, faced technical difficulties while trying to showcase the capabilities of the assistant. Despite some hiccups, the demo ultimately highlighted the advancements Google has made in integrating artificial intelligence features into
The recent federal court ruling on Google’s monopoly in internet search has generated mixed reactions among users. While Google’s search engine is widely recognized as the best in the United States, with a market share of 90%, the ruling sheds light on the company’s anti-competitive practices. The judge’s decision is based on Google’s heavy investment
The rapid advancement of large language models (LLMs) in recent years has been nothing short of spectacular. However, a closer examination reveals a concerning trend – the pace of innovation may be slowing down. The transition from GPT-3 to GPT-4 brought significant leaps in power and capacity, but subsequent iterations, such as GPT-4 Turbo and
Imagine a future where robotic crossing guards patrol the streets, ensuring the safety of children as they navigate busy intersections. This may sound like something out of a science fiction movie, but for Hovannes Kulhandjian, an associate professor in electrical and computer engineering at Fresno State, it’s a reality in the making. His invention, the
Apple is looking to expand its services business by introducing advanced artificial intelligence features that could potentially cost users up to $20. These features, part of the upcoming Apple Intelligence system, include enhanced Siri capabilities, automatic email and image generation, and more. While the initial rollout may not be available in all regions, Apple is
Sony’s Chief Financial Officer, Hiroki Totoki, recently announced that the company would not be making a fresh bid for the film and TV production group Paramount Global. He stated that acquiring Paramount does not align with Sony’s strategy, particularly because it may not fit well with their capital allocation structure. This decision comes after reports