Category: fox-business/tech

Nvidia topples Microsoft as world’s most valuable company

Chipmaker Nvidia is now the world’s most valuable company, unseating Microsoft as investors bet its AI dominance will remain unmatched for now.   The chipmaker’s market value crossed $3.34 trillion on Tuesday, surpassing Microsoft’s $3.32 trillion. Apple, which was unseated by both, has a market value of $3.27 trillion. Despite the gains, the trio are neck-and-neck. “We continue to believe this is a stock or…

Elon Musk blasts Apple’s approach to AI, threatens to ban devices if OpenAI integrated into operating system

Elon Musk on Monday threatened to ban Apple devices at his respective companies if the tech giant integrated OpenAI at the operating system level.  Writing on X, the Tesla CEO called the prospect an “unacceptable security violation.”  Should he follow through with the ban, Musk said visitors would have to check their Apple devices “at the door, where they will be stored in a Faraday…

Apple unveils ‘Apple Intelligence’ at the WWDC

Apple announced Monday it will incorporate “Apple Intelligence” into its new iPhone, iPad and Mac operating systems. “Apple Intelligence is the personal intelligence system that puts powerful generative models right at the core of your iPhone, iPad and Mac,” Apple executive Craig Federighi said. “It draws on your personal context to give you intelligence that’s most helpful and relevant to you.” CLICK HERE TO READ…

Apple’s WWDC to be AI turning point for tech giant

Apple is set to hold its annual Worldwide Developers Conference (WWDC) this week with analysts eagerly anticipating announcements related to the artificial intelligence (AI) initiatives that have to date been lower profile than the tech giant’s rivals. The WWDC festivities begin Monday in Cupertino, California, with a keynote address revealing the latest Apple software and technologies at 10:00 a.m. Pacific set to be followed by…

Boeing Starliner spacecraft experiencing helium leaks ahead of docking at space station

Boeing’s Starliner spacecraft, currently in its first crewed test to the International Space Station, is experiencing helium leaks ahead of docking Thursday afternoon. A United Launch Alliance Atlas V rocket with Boeing’s CST-100 Starliner spacecraft aboard launched from Cape Canaveral Space Force Station in Florida on Wednesday at 10:52 a.m., with NASA astronauts Suni Williams, 58, and Barry “Butch” Wilmore, 61, on board.  “Teams have…

ChatGPT is working again after being down for some users, OpenAI says

OpenAI says its popular ChatGPT service is working again Tuesday after being down for some users.  The company first said early this morning that an issue was being investigated as part of an “Unresolved incident.” Users had been posting pictures on X of “Bad gateway” errors they say they were encountering when trying to access ChatGPT. “A fix has been implemented and we are monitoring…

GameStop shares surge after ‘Roaring Kitty’ post

GameStop shares soared more than 70% in premarket trading on Monday after a new post from retail investor “Roaring Kitty.” The screenshot posted on Sunday by Roaring Kitty, also known as Keith Gill, showed a GameStop holding of 5 million, or 1.8% of its publicly available stock. It also showed $65.7 million worth of GameStop call options, typically bought to express a bullish view, expiring…

Former OpenAI board member reveals why Sam Altman was ousted last November

Former OpenAI board member Helen Toner shared new details about the ouster of CEO Sam Altman, who was subsequently rehired with a new board in place, in an interview on Tuesday. Members of OpenAI’s former board, including Toner, fired Altman in November and wrote that he was not “consistently candid in his communications” with board members, which hindered the board’s ability to carry out its…

T-Mobile to acquire most of US Cellular’s assets in $4.4B deal

T-Mobile announced on Tuesday that it agreed to acquire “substantially all” of U.S. Cellular’s wireless operations in a deal valued at $4.4 billion.  Under the deal, T-Mobile will acquire all of U.S. Cellular’s wireless customers and stores. The deal also includes up to $2 billion in debt.  T-Mobile said the deal would “create a much-needed choice for wireless in areas with expensive and limited plans…

Argentina’s President Milei to meet with Apple, Google, Meta CEOs on US trip

Argentina’s President Javier Milei is traveling to the U.S. to meet with CEOs from major U.S. tech firms including Google, Meta, Apple and OpenAI, according to an announcement from his spokesman Manuel Adorni on Monday. Milei, a libertarian who assumed office in December after a surprise election win, is scheduled to depart from Argentina on Monday and is slated to meet Tuesday evening with OpenAI…

Elon Musk’s xAI gets $6B in new funding and announces valuation

Billionaire Elon Musk’s artificial intelligence (AI) startup xAI announced Sunday that the company raised $6 billion in Series B funding that lifts the company’s valuation to $24 billion after the investment. Among the investors in xAI’s $6 billion Series B round were Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, according to…

Elon Musk expects AI will replace all human jobs, lead to ‘universal high income’

Billionaire entrepreneur Elon Musk reiterated his stance this week that artificial intelligence will eventually eliminate the need for humans to work, giving his vision for how the future will look as the technology continues to rapidly advance. During his remote appearance at the Viva Technology conference in Paris on Thursday, Musk was asked whether he was concerned about losing his job to AI, and what…

Carnival cruises feature SpaceX Starlink internet on entire fleet

The world’s largest cruise company, Carnival Corporation, announced Tuesday that all of its ships are now set up for internet service via SpaceX’s Starlink. Carnival said in a press release that the completed installation of the satellite technology “enhances” the experience of guests and crew alike on its global fleet of 90-plus ships that visit more than 800 ports worldwide, offering “even faster service, greater…

Google shows off latest AI models as competition with OpenAI, Microsoft heats up

Google used its annual developers’ conference, Google I/O 2024, on Tuesday to showcase its latest advances in artificial intelligence as the tech giant’s competition with Microsoft-backed rival OpenAI continues to heat up. During the presentation, CEO Sundar Pichai announced Google is revamping its search engine using AI for the U.S. starting this week, with plans to expand its availability to one billion users worldwide by…

FedEx Airlines, Boeing-made plane forced to land in Istanbul without front wheels

A FedEx Airlines cargo plane was forced to land in Turkey without the use of its front landing gear on Wednesday morning, May 8, the Turkish transport ministry said. Fedex Express Flight 6268, a Boeing 767, was flying from Paris Charles de Gaulle Airport to Istanbul Airport when it informed the Turkish traffic control tower that its landing gear failed to open. Airport rescue and…

Teachers struggling with burnout view AI as tool to ease burdens: survey

Teachers who are feeling burned out from their daily tasks view artificial intelligence (AI) tools as a way to work more efficiently and address pain points, according to a new survey. The survey released by Canva to mark Teacher Appreciation Week, which runs May 6-10, found that 35% of K-12 teachers in the U.S. experience feelings of burnout daily or most days, while 83% experience…

Newspapers sue OpenAI for copyright infringement over AI training

A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters’ work to train their generative artificial-intelligence systems. The eight newspapers, owned by investment firm Alden Global Capital’s MediaNews Group, said in the lawsuit that the companies unlawfully copied millions of their articles to train AI products,…

Oracle’s Nashville headquarters will be mini-city

Oracle’s future headquarters in Nashville could operate like a town of its own given the planned amenities described by CEO and co-founder Larry Ellison. When the chief executive let it slip earlier this week that Oracle is planning to move its “huge campus” to Tennessee’s capital city, he said it will not look anything like a corporate campus.  Instead, it will be a park with…

TikTok’s China-based parent required to sell platform or be banned in US

The Senate passed a bill Tuesday to force TikTok’s China-based parent company, ByteDance, to sell the video sharing social media platform or face a ban in the U.S., as lawmakers accuse the platform of collecting user data and spreading propaganda. The TikTok legislation was part of a larger $95 billion package to provide foreign aid to Ukraine, Israel and Taiwan that passed the Upper Chamber…

Google CEO stresses ‘this is a business’ after in-office protesters fired

The arrest and subsequent termination of more than two dozen Google employees involved in protests held at the tech giant’s offices last week prompted CEO Sundar Pichai to address the matter with the workers who remained on the payroll. Google fired 28 workers after anti-Israel protests took over its corporate offices in New York, Seattle and Sunnyvale, California, on April 16 in 10-hour sit-ins where…

Google AI venture to help military with disaster response

An artificial intelligence (AI) venture backed by Google is partnering with the military to use AI in responding to natural disasters. Bellwether, a team that’s part of Google parent Alphabet’s X innovation hub, announced Wednesday that it’s working with the National Guard and the Defense Innovation Unit (DIU) to address inefficiencies in the Guard’s disaster response processes. The DIU is tasked with helping the Department of…

Amazon to launch Prime Air delivery drones to Arizona city

Amazon will bring its Prime Air delivery drones to a new U.S. city this year. The tech giant on Monday identified the West Valley portion of Phoenix as the next American city slated to get the drones and their delivery services.  Amazon said it was aiming to introduce the technology to West Valley customers later in the year. It will first require the company to…

Roku says it experienced second ‘credential stuffing’ incident

Bad actors entered more than half a million Roku accounts without permission in another cyber incident. The video streaming company said Friday the latest “credential stuffing” attack of 576,000 accounts came to light in the midst of its efforts to “monitor account activity closely.” Those had been prompted by a prior breach.  The first incident saw bad actors illegally getting into 15,300 accounts through that…

X platform’s brand safety score for advertisers hurt by error

Social media platform X, formerly Twitter, is looking to set the record straight after its brand safety score on a key platform used by major media advertisers displayed an inaccurate rating for four and a half months. X’s brand safety score on DoubleVerify, one of the leading sources for media holding companies to check the safety and suitability of a given platform for advertising campaigns,…

Amazon CEO Andy Jassy touts AI push in shareholder letter

Amazon CEO Andy Jassy outlined the e-commerce giant’s approach to artificial intelligence (AI) development in his annual letter to shareholders released Thursday. Jassy wrote that Amazon aims to “empower builders, inside and outside of our company,” with its approach to developing products and services for customers. He went on to characterize builders as “people who like to invent” and go through the process of iterative…

New FCC rules require ‘nutrition label’ for high-speed internet plans

Broadband internet providers are rolling out new breakdowns of their plans’ speeds and costs in disclosures modeled after nutrition labels to comply with requirements from the Federal Communications Commission (FCC). The FCC’s new rules took effect Wednesday for the largest internet service providers (ISPs) to display the nutrition label-style broadband disclosures at any point of sale — including online and in stores — starting Wednesday,…

Former Facebook exec says AI robots will soon complete household chores amid human replacement concerns

Autonomous humanoid robots may soon be able to complete household chores like washing dishes and taking out the trash amid concerns from blue and white-collar workers that AI will disrupt industries across the United States. On Friday, former Facebook senior executive Chamath Palihapitiya predicted that a robot capable of operating inside of American homes and completing simple errands will be developed in the next few…

Google introduces new Arm-based AI chip for data centers

Google unveiled its latest custom-designed artificial intelligence semiconductor on Tuesday, introducing the new Google Axiom Processors designed to operate data centers.  This is the first central processing unit the Alphabet-own tech giant has developed using chip architect Arm Holdings. GOOGLE GEMINI MAY SOON GET MAJOR CHANGES, INCLUDING A SUBSCRIPTION MODEL AND GMAIL SUGGESTIONS ON ADROID Google’s tensor processing units (TPUs) are one of the few…

Brazilian judge opens investigation into Elon Musk after billionaire calls for his ouster over censorship

A Brazilian Supreme Court Judge has opened an investigation into Elon Musk after the X owner called for the judge’s ouster.  Earlier Sunday, Musk wrote on X, formerly known as Twitter, that Judge Alexandre de Moraes had “brazenly and repeatedly betrayed the constitution and people of Brazil” after he ordered that the social media platform block certain accounts.   “He should resign or be impeached,”…

Larry Summers predicts AI threatens robust US job growth

The U.S. labor market continues to hum along after remaining historically tight for the past year, but recent comments by famed economist Larry Summers suggest the robust job numbers could eventually become a thing of the past due to artificial intelligence. March’s jobs report released Friday exceeded expectations, with employers adding 303,000 jobs last month while the unemployment rate inched lower to 3.8%. The demand…