Science & Technology - page 25

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UK Startup Fractile Raises $15 Million

The Fractile startup, which is based in the United Kingdom, reported that it managed to raise $15 million in seed funding.

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Apple Expands Manufacturing in India

Apple annual sales in India hit a record $8 billion, as one of the firm’s contract manufacturers is planning to assemble iPads in a local facility.

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Amazon Partners With Girl Scouts to Promote Diversity in STEM Careers

The current generation of Girl Scouts will soon enter the labour market, so Amazon hosts exclusive tours to showcase to youth the importance and diversity of careers in STEM.

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Apple Signs On to Voluntary US Scheme to Manage AI Risks

Apple has signed the voluntary commitments of the President of the United States Joe Biden, which are aimed at regulating activities in the artificial intelligence industry.

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Energy Tech Startup Greenely Grabs €8 Million

Swedish-based startup Greenely is closing an €8 million (about $8.7 million) Series A funding round.

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OpenAI Tests New Search Features

OpenAI has provided a limited number of users with the opportunity to test a new set of search functions.

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IBM Reports Q2 Earnings

IBM last Wednesday, July 23, published information on its financial results for the second quarter of the current year, which exceeded analysts’ preliminary expectations.

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SK Hynix Posts Highest Quarterly Profit in 6 Years

SK Hynix, one of the largest chip manufacturers in the world, released information on Thursday, July 25, about the financial results of its activities in the second quarter of the current year.

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Google Maps Gets AI Boost for Indian Roads

New AI model for Google Maps was designed specifically for Indian roads. It estimates road width using satellite imagery and Street View data to help drivers better navigate flyovers and narrow roads often met in India.

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20% of APAC Businesses Rely On AI/ML Powered API Security Solutions

Numerous security challenges around application programming interfaces (APIs) are increasingly tackled by artificial intelligence (AI) and machine learning (ML) enabled solutions in the APAC region.

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Vanta Raises $150 Million

Online security and compliance management platform Vanta on Wednesday, July 24, announced that it has managed to raise $150 million in investment funds as part of a new round of financing led by venture capital company Sequoia Capital.

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Alphabet Profit Surges 29% in Q2 Despite AI Research Losses

Google’s parent company Alphabet saw significant profit growth notwithstanding the tremendous AI-related spending.

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Meta Launches Biggest Llama 3 AI Model

Meta Platforms on Tuesday, July 23, presented its biggest artificial intelligence model called Llama 3.

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Amazon Reportedly Plans to Launch Paid Tier of Alexa

The media reports that Amazon plans to launch a paid tier of Alexa this month.

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Amazon Calls for Global Rules for Responsible AI

Amazon has stated that there is a need for global alignment of responsible measures in the artificial intelligence industry.

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Wiz Reportedly Rejects Google Deal

Media reports that the startup Wiz, which specializes in developing solutions in the area of cloud security, rejected Google’s offer to buy this firm for $23 billion.

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