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WASHINGTON, May 21, 2023 (AFP) – The explosion of generative AI has taken the world by storm, but one question all too rarely comes up: Who can afford it? OpenAI bled around $540 million last year as it developed ChatGPT and says it needs $100 billion to meet its ambitions, according to industry media The Information. “We’re going to be the most capital-intensive startup in Silicon Valley history,” OpenAI’s founder Sam Altman told a panel […]
TOKYO, May 1, 2023 (AFP) – Chinese billionaire Jack Ma on Monday took up a visiting professor position at a Japanese university, another new academic role for the founder of tech giant Alibaba. Tokyo College, part of the prestigious University of Tokyo, said Ma would “share his rich experience and pioneering knowledge on entrepreneurship, corporate management and innovation” in seminars for students and staff. The 58-year-old has kept a low profile since his fall from […]
Miami, United States | AFP | Tuesday 4/19/2023 Twitter head Elon Musk on Tuesday attempted to reassure wary advertisers by hyping up the site’s newly introduced content moderation policy against hateful material. Speaking at a meeting in Florida, the controversial billionaire outlined new rules, first announced Monday, to limit the reach of tweets that do not conform to the platform’s guidelines. “If somebody has something hateful to say, it doesn’t mean he should have a […]
MUMBAI, India (AFP) — Apple opened its first retail store in India on Tuesday, underscoring the US tech titan’s increasing focus on the South Asian nation as a key sales market and alternative manufacturing hub to China. Apple CEO Tim Cook personally opened the doors to welcome customers as staff cheered. Hundreds of admirers of the iPhone giant queued around the store in a swanky shopping mall in the financial capital Mumbai, some of them […]
by Huw GRIFFITH Agence France-Presse LOS ANGELES , United States (AFP) — Powerful winter storms lashed the United States on Wednesday, with heavy snow snarling travel across wide areas, even as unusual warmth was expected in others. Blizzards expected to dump up to two feet (60 centimeters) of snow swept across a vast band of the country from the West Coast to the Great Lakes, grounding flights and knocking out power to tens of thousands. […]
SAN FRANCISCO, United States (AFP) — Global consulting giant McKinsey plans to let go 2,000 of its employees, Bloomberg News reported Tuesday. The round of layoffs would be one of the company’s biggest ever, according to Bloomberg, which said the firm had increased headcount from 28,000 to 45,000 over the past five years. Citing anonymous sources, Bloomberg said the number of employees affected could still change, and are expected to primarily target administrative staff who […]
SAN FRANCISCO, United States (AFP) — Entertainment giant Disney said Wednesday it was laying off 7,000 employees, in CEO Bob Iger’s first major decision since he was asked back to lead the company late last year. The layoffs follow similar moves by the US tech giants that have laid off thousands of workers as the economy sours and companies dial back a hiring spurt that began during the height of the pandemic. “I do not […]
by Vivian LIN Agence France-Presse SHANGHAI, China (AFP) — Marvel’s superheroes began their return to China’s massive movie market after an apparent ban of nearly four years on Tuesday, with fans streaming into cinemas to watch “Black Panther: Wakanda Forever”. The Disney-owned studio’s hugely popular franchises have been absent from Chinese screens since 2019, with no explanation. Marvel blockbusters have raked in billions globally, and their return to one of the world’s biggest movie markets […]
Tokyo, Japan | AFP | Monday 1/30/2023 French automaker Renault will slash its stake in Japanese partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the firms said Monday. The deal will also see Nissan take a stake in Renault’s new electric vehicle venture Ampere, though the size of the investment was not immediately announced. The agreement comes after months of painstaking negotiations, and repeated delays, as the two […]
TOKYO, Japan (AFP) — Japan’s Toyota was the world’s top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday. Despite the chip shortage and Covid-related supply chain disruption, Toyota and its subsidiaries sold nearly 10.5 million vehicles last year, around the same as in 2021. In comparison, Volkswagen Group — which held the top spot until 2020 when it was overtaken by Toyota — sold 8.3 […]
London, United Kingdom (AFP) Shares in UK clothing retailer Next soared to the top of the London market Thursday after it said colder weather boosted purchases despite a cost-of-living crisis caused by sky-high inflation. Next’s share price jumped seven percent to £65.26 ($78.53) on the benchmark FTSE 100 index, which was up modestly overall. Sales of full-price items rose around five percent in the nine weeks to December 30 from a year earlier, the company […]
d returned to “business as usual” despite US sanctions as it estimated annual revenues to remain flat for 2022. A leading supplier of telecom gear, smartphones and other advanced equipment, Huawei was hammered during a crackdown by the administration of previous US president Donald Trump over cybersecurity and espionage concerns. His successor Joe Biden has added to that pressure with regulations that threaten Huawei’s access to global semiconductor supply chains. But Huawei’s chairman Eric […]
