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Taiwan Semiconductor Manufacturing Company (TSMC), the world leader in advanced semiconductor production, is set to receive $6.6 billion in grants from the U.S. government under the CHIPS Act. This substantial funding marks a significant step in reshoring semiconductor production to the United States and reducing reliance on foreign supply chains. The Biden administration has already approved an initial $1 billion…

The European Union has taken a significant step in regulating general-purpose AI (GPAI) models with the publication of its first draft Code of Practice. Released on Thursday, the draft offers detailed guidance on managing risks, ensuring compliance, and avoiding penalties for companies creating powerful AI models. Stakeholders have until November 28 to provide feedback, with finalized rules expected by May…

The acclaimed translation platform DeepL is moving beyond text-based services with the introduction of a real-time audio translation feature known as DeepL Voice. This service allows users to listen to someone speaking in one language and see it translated immediately into another, aiming to meet a growing demand for real-time, cross-language communication. This innovation builds on DeepL’s reputation for nuanced…

US stock markets and Bitcoin prices surged to all-time highs after Donald Trump’s unexpected re-election victory. Wall Street witnessed its largest gains in years, with major stock indices hitting record levels, while the US dollar also posted its most significant gain in eight years. The post-election optimism fueled by Trump’s economic policies sent ripples through global markets, while Bitcoin surged…

Apple has invested $1.1 billion in satellite provider Globalstar. This partnership not only expands the capacity for emergency SOS services but also signifies Apple’s deepening involvement in satellite communications for iPhone users worldwide. The investment comes amid increasing demand for reliable communication options in remote and underserved areas. Apple’s Growing Satellite Ambitions Apple first introduced its Emergency SOS via satellite…

Dropbox is cutting 20% of its workforce, marking the second round of significant layoffs in less than two years. In a blog post published by CEO Drew Houston, the cloud storage giant revealed that it will lay off 528 employees across its global operations. Impact on Employees and Severance Packages The company is offering impacted employees up to 16 weeks…

If you've had a Cash App account anytime over the past six years, you may be eligible to receive part of a $15 million settlement following two significant security breaches. The settlement, proposed earlier this year, comes after multiple security incidents raised questions about Cash App's data protection measures. Users have only a few weeks left to file a claim.…

Netflix has just announced a new feature called Moments that lets users save, share, and easily rewatch specific scenes from shows and movies. This feature, which is debuting today on Netflix’s iOS app, provides a new way for viewers to engage with memorable scenes and share standout moments with friends on social media or directly in messages. Moments is currently…

Holdings Plc has announced it will terminate its architectural license agreement with Qualcomm Inc., allowing the chip giant to design semiconductors based on Arm's intellectual property. The UK-based company has issued a formal 60-day notice of cancellation, a move that threatens to shake the foundations of the smartphone and personal computer markets. This decisive action follows Arm's lawsuit against Qualcomm,…

TikTok Music has announced its impending shutdown, confirming that accounts will be closed by November 28. This decision follows an unsuccessful attempt to translate the massive engagement from TikTok’s main app into a viable music streaming service. Users can expect all personal data and login information to be deleted as part of the closure. For existing subscribers, there are important…

Apple's iOS 18.1 is set to release next week, introducing new and innovative features that promise to enhance user experience across devices. This update will officially bring hearing aid software capabilities to the AirPods Pro 2, and roll out Apple Intelligence, a suite of AI-powered tools. The launch has been confirmed by several tech outlets, including The Wall Street Journal…

Uber is reportedly considering an acquisition of Expedia, one of the world’s largest travel booking companies. According to the Financial Times, the idea is still in early stages, with Uber yet to make a formal offer. With an estimated valuation of $20 billion, Expedia would be Uber's largest acquisition to date. Sources indicate that Uber has spent the past several…

Amazon has introduced a suite of new capabilities for advertisers, including a revamped Demand-side Platform (DSP) and innovative AI tools, aimed at enhancing ad services and campaign performance. Announced at Amazon's annual UnBoxed conference, these upgrades showcase the retail media giant's commitment to expanding its advertising ecosystem, helping marketers optimize ad campaigns across its platforms. New AI-Powered Creative Tools for…

The Biden administration is exploring the possibility of implementing territorial restrictions on the export of advanced artificial intelligence (AI) chips, particularly those produced by leading U.S. companies such as Nvidia Corp. The potential policy aims to control the distribution of these cutting-edge technologies, which are seen as critical assets in the global AI race. Strategic Export Licensing Under Consideration According…

BlackRock, the world’s largest money manager, achieved a historic milestone, with its assets under management (AUM) exceeding $11 trillion for the first time. This record was driven by a robust market rally and a surge in new investments, pushing the company’s shares to a new high. Revenues Exceed Expectations During the recent quarter, BlackRock’s revenues rose by 15% to $5.2…