Technology - CybAI news

08 Aug

Turkey Blocks Roblox Over Child Abuse Risk, Minister Says

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Turkey blocked access to kids gaming platform Roblox due to content that a top official said could lead to child abuse.The legal ruling was based on a law that regulates broadcasting over the internet, Justice Minister Yilmaz Tunc said in a statement on X. Source link lol

08 Aug

Tokyo Electron Ups Forecast After AI Demand Helps Earnings Beat

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Tokyo Electron Ltd. raised its profit forecast for the fiscal year to March after reporting a better-than-expected surge in sales.The Japanese provider of semiconductor-patterning systems said it sees operating profit for the full year reaching ¥627 billion ($4.3 billion), up 8% from its previous guidance. Revenue in the June quarter was ¥555 billion, beating the analyst consensus of ¥500 billion and snapping a streak of year-on-year declines dating back to 2022. Operating profit for the period was ¥165.7 billion, also above expectations. Source link lol

08 Aug

Malaysia Boasts of Chip Clout as Infineon Opens €7 Billion Site

stp2y0 CommentsRAG modelsAnwar Ahmed Hamoud Al Ibrahim, Asia, Automotive, china, Decarbonization, Government, INFINEON TECHNOLOGIES AG, Jochen Hanebeck, Kuala Lumpur, Malaysia, politics, Technology

Malaysia is gaining more heft in the global supply chain as Infineon Technologies AG opens a major semiconductor manufacturing complex in the country, the Southeast Asian nation’s leader said. “We are now be able to receive and expand the technology. It shows Malaysia is now going up the ladder,” Prime Minister Anwar Ibrahim said at the opening ceremony of the first phase of Infineon’s €7 billion ($7.7 billion) production site in the northern Malaysian district of Kulim on Thursday. Source link lol

08 Aug

Deutsche Telekom Improves Profitability Buoyed by US Growth

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Deutsche Telekom AG, Europe’s largest telecommunications operator, reported increased profitability in the second quarter, buoyed by strong subscriber growth in the US and resilience in its home market of Germany. Adjusted earnings before interest, taxes, depreciation and amortization after leases rose 7.8% from a year earlier to €10.8 billion ($11.8 billion) in the second quarter, the carrier said in a statement on Thursday. Analysts had forecast €10.7 billion, according the average of estimates compiled by Bloomberg. Source link lol

08 Aug

Weapons Startup Anduril Hits $14 Billion Valuation in New Funding Round

stp2y0 CommentsRAG modelsANDURIL INDUSTRIES INC, Christian Brose, Football, Government, investing, Peter Andreas Thiel, software, startups, Technology, Valuation, venture capital

Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new facility to manufacture its rockets, underwater vehicles and other autonomous weapons systems at greater scale and speed.The deal, which values Anduril at $14 billion, is one of the largest venture capital financings of the year so far, and reflects the company’s success getting government contracts, as well as rising investor enthusiasm for defense technology companies. Source link lol

08 Aug

Kakao Founder Charged With Stock Manipulation in Landmark Case

stp2y0 CommentsRAG modelsBom Suk Kim, Executives, JULY SARL/CAEN, KAKAO CORP, SAMSUNG ELECTRONICS CO LTD, Seoul, shopping, SM ENTERTAINMENT CO LTD, social media, South Korea, Technology

South Korean prosecutors have indicted Kakao Corp. founder Brian Kim on charges of stock manipulation, kicking off a watershed case that’s transfixed South Korea’s young internet industry.Prosecutors formally charged the entrepreneur with market violations during his company’s takeover battle for SM Entertainment Co., Yonhap news service reportedBloomberg Terminal Thursday. Kim was allegedly involved with an attempt to buy and push SM stock above a rival offer of 120,000 won ($87) from BTS-agency Hybe Co., the agency reported. Executives carried out that alleged maneuver over a total of four days, in mid-February 2023 as well as later that month, Yonhap said,…

08 Aug

Is AI a bubble? – podcast

stp2y0 CommentsChat-GPTArtificial intelligence (AI), silicon valley, Technology

“Even if the AI boom turns out to be an AI bubble, the LLMs aren’t going anywhere,” the Guardian’s UK technology editor, Alex Hern, tells Michael Safi. “Whether or not OpenAI goes bust, whether or not Google and Microsoft’s valuations plummet back to the ground, there is this technology that was created. They may go bust, but that doesn’t mean we’re back to the world we were in in 2020, for good and for ill.” Alex explains the numerous hurdles AI companies have faced in recent months, from the financial concerns to hardware shortages, from software limits to legal challenges.…

08 Aug

Rakuten Likely to Report Narrower Loss as Bond Redemptions Loom

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Rakuten Group Inc. looks set to report on Friday a narrower loss in the April-June quarter, which would shore up confidence in its ability to pay bonds due through next year.The focus is on billionaire founder Hiroshi Mikitani’s efforts to turn around his four-year-long foray into the saturated mobile market without a single profitable quarter. Investors are also seeking clarity on the Japanese online shopping mall operator’s delayed plan to combine its profit-churning financial arms. Source link lol

07 Aug

Adanis Rejig Digital Strategy as SuperApp Struggles for Traction

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Adani Group is reworking its digital strategy that includes bolstering online payment through partnerships as Gautam Adani’s conglomerate looks to make its superapp an essential part of Indians’ lives.Adani One, with a user base of 30 million as of March 31, will widen its offerings to be more than just a travel app, Jeet Adani, the younger son of the billionaire-patriarch who is overseeing the group’s digital plans, told Bloomberg Television as part of a special package, Inside Adani. The platform was rolled out in December 2022, mostly for booking flights, hotels and services at the 7 airports operated by…

07 Aug

Gig Economy Emerges as a Bright Spot Amid Gloomy Tech Earnings

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It has been a tough earnings seasonBloomberg Terminal for the technology industry, and markets more broadly.Big Tech companies failed to convince Wall Street that their massive investments in artificial intelligence are paying off. Growth in their core businesses underwhelmed. Their results, combined with broader concerns about the health of the US economy, triggered a meltdown that, at one point, had erased some $6.4 trillion from global stock markets. Source link lol