Insights That Drive Financial Growth in Resource and Tech Markets

Tom Siebel opposes California’s AI safety bill SB 1047

Tom Siebel opposes California’s AI safety bill SB 1047

Tom Siebel is against California’s AI safety bill SB 1047 The landmark AI safety bill sitting on California Governor Gavin Newsom’s desk has another detractor in longtime Silicon Valley figure Tom Siebel.  SB 1047, as the bill is known, is among the most comprehensive, and therefore polarizing, pieces of AI legislation. The main focus of […]

Chechen leader claims Elon Musk disabled his Cybertruck equipped with a machine gun

Chechen leader claims Elon Musk disabled his Cybertruck equipped with a machine gun

Chechen leader say Elon Musk disabled his machine gun-wielding Cybertruck Ramzan Kadyrov, the leader of Russia’s Chechen Republic, accused Elon Musk on Thursday of disabling a Tesla Cybertruck that he claimed he received from the billionaire last month. Kadyrov, who has ruled Chechnya with an iron fist for over 17 years, shared a video in […]

AI investors should prioritize focus, although their enthusiasm is not completely unwarranted.

AI investors should prioritize focus, although their enthusiasm is not completely unwarranted.

AI investors need focus—but their exuberance isn’t entirely unjustified Perhaps no technology since the smartphone has taken the world by storm quite like generative AI (GenAI). The investment landscape has also reflected this fervor, with GenAI attracting over $25 billion in funding in 2023, mostly driven by mega-rounds for core infrastructure companies building the foundation models […]

Americans support dropping degree requirements, but employers and hiring managers continue to enforce the ‘paper ceiling’

Americans support dropping degree requirements, but employers and hiring managers continue to enforce the ‘paper ceiling’

Americans can get behind dropping degree requirements—but employers and hiring managers keep propping up the ‘paper ceiling’ Academic disqualification, discrimination, and exclusion are unchecked behaviors that are holding back more than 70 million U.S. workers who are skilled through alternative routes (STARs). This “paper ceiling” is an invisible barrier that’s filtering out qualified workers through […]

Salesforce’s stock skyrockets on Benioff’s revolutionary billion-agent AI plan

Salesforce’s stock skyrockets on Benioff’s revolutionary billion-agent AI plan

Salesforce shares surge on Benioff’s billion-agent AI strategy Salesforce Inc. Chief Executive Officer Marc Benioff said his company’s newly introduced artificial intelligence software is a complete package for business customers seeking to take advantage of the emerging technology. Clients think “they have to DIY their AI. It’s not true,” Benioff said — using the acronym […]

As Use of A.I. Soars, So Does the Energy and Water It Requires

As Use of A.I. Soars, So Does the Energy and Water It Requires

BY DAVID BERREBY • FEBRUARY 6, 2024 Two months after its release in November 2022, OpenAI’s ChatGPT had 100 million active users, and suddenly tech corporations were racing to offer the public more “generative A.I.” Pundits compared the new technology’s impact to the Internet, or electrification, or the Industrial Revolution — or the discovery of fire. Time will sort hype from reality, but one […]

Founder-led deep tech investor Plural launches €400M fund

European early-stage investment firm Plural Platform has launched a new €400mn fund as it seeks to turn budding startups into “world-changing” global companies.  Plural was founded in 2021 by Wise co-founder Taavet Hinrikus and Songkick founder Ian Hogarth, alongside former Skype executive Sten Tamkivi and Khaled Helioui, previously chief executive at Bigpoint Games. The firm […]

ByteDance’s PICO vice president resigns to lead cross-border e-commerce startup

Apple has reportedly asked China’s major app developers to refrain from using gyroscopic motion for advertising. Credit: 123RF Ren Lifeng, the vice president of ByteDance’s VR subsidiary PICO, has officially resigned from the company and opted to venture into cross-border e-commerce as an independent platform, according to the local media outlet TechWeb. Reports suggest that […]

Amazon to Invest $15B in Cloud Computing in Japan and More Asia Real Estate Headlines

An Amazon data centre in Hilliard, Ohio Amazon Web Services leads Mingtiandi’s headline roundup today with a plan to invest $15 billion in expanding its cloud computing infrastructure in Japan by 2027. Also in the news, Ascott and CapitaLand Investment see strong potential in Japan and the property management division of developer China Jinmao announces […]