The debate between open-source and closed-source artificial intelligence (AI) is gaining momentum in the tech industry. Companies are taking sides regarding the transparency and accessibility of their AI models, datasets, and algorithms. This battle has significant implications for the future of AI development and its impact on society. In recent times, Meta, the parent company
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While X’s owner and CEO continue to tout the app‘s surging popularity and record high usage, the financial outlook for X appears bleak. Despite efforts to attract advertisers, internal documents obtained by The New York Times reveal that X’s revenue has been on a steady decline. In the second quarter of this year, X earned
Warner Brothers Discovery recently made headlines by filing a lawsuit against the NBA for alleged breach of contract. The lawsuit, which was filed in the New York Supreme Court, claims that the NBA violated its agreement by accepting a new media rights deal with Amazon, despite Warner Brothers Discovery matching the offer. This legal action
SK Hynix, a leading memory chip manufacturer, announced plans to invest a staggering 9.4 trillion Korean won ($6.8 billion) to construct a state-of-the-art semiconductor manufacturing plant in South Korea. The new fabrication plant, located in the Yongin Semiconductor Cluster just south of Seoul, represents a significant milestone for the company. With construction scheduled to commence
SK Hynix, a key player in the memory chip industry, recently announced its second-quarter results, showcasing a remarkable performance. The company reported revenue of 16.42 trillion Korean won and operating profit of 5.47 trillion Korean won, marking the highest level in six years. These outstanding results can be attributed to SK Hynix’s continued dominance in
Wiz, a cloud security company founded in 2020, recently made headlines by turning down a $23 billion acquisition offer from Google. Despite the potential to become Google’s largest-ever deal, Wiz decided to stick to its original plan of pursuing an initial public offering (IPO). This move came as a surprise to many, given the significant
ASML has once again exceeded expectations with their second-quarter earnings and sales, outperforming the LSEG consensus estimates. Their net sales of 6.24 billion euros ($6.8 billion) surpassed the expected 6.03 billion euros, while their net profit of 1.58 billion euros was higher than the anticipated 1.43 billion euros. The Dutch firm’s ability to thrive in
Recently, powerful record labels such as UMG Recordings, Warner Music, and Sony Music filed a lawsuit against Verizon for allegedly turning a blind eye to its customers’ copyright violations. The lawsuit claims that Verizon intentionally ignored these violations for profit, which could potentially result in billions of dollars in damages. The labels assert that Verizon
Following shocking events, news moves quickly. Sadly, so do the hustlers looking to capitalize on tragedy for a quick buck. After a shooter attempted to assassinate Donald Trump at a rally, e-commerce platforms were flooded with products featuring a bloodied image of Trump, with prices ranging from $9.59 to $19. The exploitation of a violent
When Brandon Fishman, the owner of VitaCup brand, decided to run a discount on his vitamin-infused coffee during Target’s weeklong deals event, he did not anticipate the negative impact it would have on his business on Amazon. The availability of his product on Target for a lower price compared to Amazon led to a significant