Technology - CybAI news

09 Aug

Saudi Film Industry Calls on Hollywood to Nurture Local Talent

stp2y0 CommentsRAG modelsbusiness, cities, entertainment, Farid Hassan Khoja, Film Industry, infrastructure, ORIGINAL FILM, RED SEA INTERNATIONAL CO, saudi arabia, screentime, social media, Stuart Sutherland, Technology

At the end of a meandering desert road, between cliffs streaked with red hues and burnt orange sand, sits a pristine, state-of-the art film studio, awaiting its first production.Located in the outskirts of AlUla, a city in northwest Saudi Arabia built more than 2,000 years ago along the Silk Road, the facility is as untouched as the landscapes around it. Source link lol

09 Aug

China’s SMIC Accelerates Capacity Buildout as Chip War Evolves

stp2y0 CommentsRAG modelsAutomotive, china, Earnings, Government, Haijun Zhao, Hong Kong, Jinping Xi, QUALCOMM INC, SEMICONDUCTOR MANUFACTURING, Technology, war

Semiconductor Manufacturing International Corp. is expediting its plans to build more capacity as a US-led multinational campaign is putting more restrictions on China’s access to advanced foreign technologies. “Some of our customers have won new opportunities due to geopolitics-induced changes in the supply chain,” SMIC Co-Chief Executive Officer Zhao Haijun told analysts during a post-earnings call on Friday. “We are growing capacity at a speed faster than originally planned.” Source link lol

09 Aug

Philippines’ GCash May Seek Digital Bank License in Lending Push

stp2y0 CommentsRAG modelsAsia, AYALA CORPORATION, Banking, fintech, GLOBE TELECOM INC, IPOs, japan, Martha Sazon, Philippines, Technology, Valuation

The company behind the Philippines’ top mobile wallet GCash may seek a digital banking license as it boosts its lending business after Japan’s biggest bank invested in the fintech firm.Applying for a digital banking license “is being discussed, although nothing is definite as of the moment,” Globe Fintech Innovations Inc. CEO Martha Sazon said in an interview with Bloomberg Television’s Shery Ahn and Haidi Stroud-Watts on Friday. Source link lol

09 Aug

Alibaba, Tencent to Provide Snapshot of China’s Economic Landscape

stp2y0 CommentsRAG modelsadvertising, ALIBABA GROUP HOLDING-SP ADR, artificial intelligence, china, cloud computing, Earnings, Economic Growth, fintech, JD.COM INC-ADR, Markets, Technology, TENCENT HOLDINGS LTD

Alibaba Group Holding Ltd., Tencent Holdings Ltd. and JD.com Inc. will provide a snapshot of China’s economy and consumer sentiment, as another somber earnings season is expected in the region.The tech giants remain focused on boosting shareholder returns, so more buybacks might be in store when they report, accordingBloomberg Terminal to Bloomberg Intelligence analysts Robert Lea and Jasmine Lyu. Source link lol

09 Aug

Tech Founders and Investors Confront a Wave of AI Skepticism

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, Autonomous Vehicle, business, CREDO AI, hardware, MICROSOFT CORP, startups, Technology, United Kingdom, Wall Street

One early AI leader thinks we may be entering a “sobering” moment. Source link lol

09 Aug

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

stp2y0 CommentsRAG modelsartificial intelligence, Asia, Earnings, INVESCO LTD, JULY SARL/CAEN, Markets, MORGAN STANLEY, SAMSUNG ELECTRONICS CO LTD, SK HYNIX INC, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol

09 Aug

Advertising Group Shuts Down After Elon Musk’s X Files Lawsuit

stp2y0 CommentsRAG modelsadvertising, Elon Reeve Musk, GLOBAL ALLIANCE SARL, JULY SARL/CAEN, MCDONALD'S CORP, MEDIA MATTERS FOR AMERICA, NIKE INC -CL B, PROCTER & GAMBLE CO/THE, social media, Technology, WALT DISNEY CO/THE

The Global Alliance for Responsible Media, a prominent coalition of advertisers, dissolved on Thursday, just days after Elon Musk’s X filed a lawsuit against the organization. GARM was established in 2019 by the World Federation of Advertisers, a network of major businesses whose members include Nike Inc., McDonald’s Corp. and Procter & Gamble Co., among others. The coalition provided a set of widely-used guidelines for brand safety controls, which help advertisers prevent harmful content such as hate speech or violent content from appearing next to their advertisements on social media platforms and other places. Source link lol

08 Aug

Musk’s Riot Provocations Prompt UK to Seek Tougher Online Rules

stp2y0 CommentsRAG modelsALPHABET INC-CL A, Elon Reeve Musk, Government, Jordan, PROMPT SAS, regulation, social media, Technology, TWITTER INC, United Kingdom, war

Keir Starmer called for a “mature conversation” with social media companies to limit malicious content that’s stoked days of rioting in the UK. Instead, he found himself in an escalating online confrontation with Elon Musk, the billionaire owner of X.Now, the UK is mulling steps to tighten the regulation of platforms like Musk’s — and finding it has few levers, especially when the owner is a major amplifier of misinformation. One step would be to revive a key provision in the Online Safety Act, set to be implemented later this year, giving authorities more power to force social media companies…

08 Aug

Chinese Swap Handbags for Trips as ‘Experience Economy’ Booms

stp2y0 CommentsRAG modelschina, China Renminbi Spot, Consumer Spending, food, Home Prices, LVMH MOET HENNESSY LOUIS VUI, Real Estate, Tax Revenue, Technology, Tourism, travel

Watching orders dwindle as China’s housing market slumped, factory owner Zheng Weirong decided to take action and protect his steel business from the real estate downturn.Betting on a tourism revival, he wound down a production line making metal bars in 2021 and shifted investment to producing container-sized cabins, often used as guest houses. The pivot paid off, with demand exploding last year after Chinese travel rebounded following the lifting of pandemic restrictions. Source link lol

08 Aug

Pitney Bowes to Liquidate Ecommerce Unit in Bankruptcy

stp2y0 CommentsRAG modelsAmericas, Houston, Industrials, infrastructure, Lance E Rosenzweig, LOGISTICS LLC, Markets, PITNEY BOWES INC, Technology, Texas, Utilities

Shipping firm Pitney Bowes Inc. agreed to liquidate much of its ecommerce business in bankruptcy as part of a deal with Hilco Global.Under the agreement, affiliates of Hilco agreed to buy a controlling stake in the ecommerce business and then sell it off piecemeal, according to a statementBloomberg Terminal from Pitney Bowes. The ecommerce entities filed for Chapter 11 bankruptcy Thursday, listing debts and assets of as much as $500 million each. Source link lol