Corsair Capital Acquires Stake in Platform IDnow
Investment company Corsair Capital has acquired a majority stake in the German IDnow identity verification platform.
Science & Technology - page 5
Lowe’s Launches Virtual Assistant Mylow
Lowe’s introduced a virtual home improvement assistant powered by artificial intelligence.
Banking Giants Warn New AI Risks
Goldman Sachs, Citigroup, JPMorgan Chase, and other Wall Street companies have warned investors about new risks associated with scaling artificial intelligence using practices, including software hallucinations, employee-morale issues, AI leverage by cybercriminals, and the impact of changing laws around the world.
ServiceNow to Acquire Moveworks
ServiceNow powerful agentic AI and automation capabilities, combined with Moveworks front-end AI assistant and enterprise search technology, will help speed up the adoption and innovation of AI in businesses.
AWS to Offer DeepSeek-R1 LLM
AWS becomes the first cloud service provider to deliver the fully managed DeepSeek-R1 LLM model as generally available within its Amazon Bedrock offering.
Founder of Startup Butterfly Effect Says Chinese AI Agent Manus Transcends Chatbots
The Chinese startup Butterfly Effect, which has developed the general-purpose artificial intelligence agent dubbed Manus, appears to become a significant change factor in the market of large language models in the Asian country, as this virtual product focuses on apps beyond chatbots similar to ChatGPT from OpenAI.
The Future of Security: How AI Gun Detection is Revolutionizing Safety
The Future of Security: How AI Gun Detection is Revolutionizing Safety In an era marked by increasing security challenges, especially concerning gun violence, traditional safety measures are no longer enough. Recent statistics indicate that mass shootings and active shooter incidents have become too frequent in schools, malls, and other public spaces. As communities seek proactive […]
China Announces High-Tech Fund
After the artificial intelligence reasoning model, a product of the Chinese company DeepSeek, became popular globally in the current year, the top economic officials of the Asian country promised to form a state-backed fund to support technological innovation.
TSMC’s Sales Accelerates
Revenue of Taiwan Semiconductor Manufacturing Co. (TSMC) in the first two months of the current year showed growth of 39%, which is an acceleration compared to the upward dynamic of this indicator in 2024 and indicates a steady level of consumer demand for Nvidia chips used in the development of artificial intelligence.
StubHub Reportedly Considers Seeking $1 Billion in IPO
The media published information according to which the ticketing software company StubHub intends to raise more than $1 billion in an initial public offering (IPO) of shares.
Microsoft Reportedly Develops AI Reasoning Models
The media published information according to which Microsoft is currently developing in-house artificial intelligence reasoning models to compete with OpenAI.
AI Startup Anysphere Reportedly in Talks for Close to $10 Billion Valuation
The media, citing anonymous insiders, published the information, according to which the startup Anysphere Inc., which operates in the space of the artificial intelligence industry and is the developer of the popular AI-powered code editor Cursor, is currently negotiating to raise hundreds of millions of dollars from investors at a valuation close to $10 billion.
Broadcom Shares Demonstrate Growth
Broadcom shares showed growth after the company released positive financial results for the first quarter of fiscal 2025 and optimistic guidance last Thursday, March 6, indicating continued demand for artificial intelligence.
GenAI Revenue to Surpass $1T by 2028
The acceleration of mass adoption for generative artificial intelligence (GenAI) is expected to boost revenues from this technology almost 20-fold over the next three years.
Microsoft Plans $297 Million AI Investment in South Africa
Microsoft will invest an additional 5.4 billion rand ($297 million) in South Africa by the end of 2027 to expand its cloud and artificial intelligence capacities in the country.
Google Launches Experimental Version of Its Search Engine
Google on Wednesday, March 5, launched an experimental version of its search engine, which completely eliminates the classic 10 blue links in favor of a summary generated by artificial intelligence.
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