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Meta, the parent company of Facebook, Instagram, and WhatsApp, is preparing to make a groundbreaking move to secure its digital future. Sources reveal that Meta is planning a $10 billion undersea fiber-optic cable that will span over 40,000 kilometers, making it the company's first wholly owned undersea cable. This ambitious project is set to transform how Meta handles its massive…

Uber Technologies Inc. is revolutionizing the gig economy again, this time by leveraging its workforce for cutting-edge artificial intelligence (AI) projects. The rideshare giant has launched Scaled Solutions, a division that provides data labeling and AI development services to other businesses. This marks a significant shift from its core rideshare and delivery operations into the lucrative AI training market. With…

IMAX is tapping into the power of AI to enhance the localization of its original content. This strategic move is designed to make IMAX’s immersive experiences accessible to a broader international audience, reflecting the industry's shift towards diverse, multilingual entertainment. The global entertainment sector saw a significant boost in 2023, growing 5% to a value of $2.8 trillion, and is…

The UK’s Competition and Markets Authority (CMA) has provisionally determined that Apple’s restrictive policies on iOS browsers are a barrier to innovation, impacting competition in the mobile ecosystem. The findings come after an inquiry into how Apple and Google influence browser competition on their platforms. While both companies are under scrutiny, Apple’s closed ecosystem has drawn significant attention. The CMA…

Elon Musk’s artificial intelligence startup, xAI, has reached a major milestone, raising $5 billion in a new funding round that propels its valuation to $50 billion—more than double its previous value. This surge in investor confidence follows a rapid series of funding rounds and positions xAI as one of the most significant players in the rapidly growing AI space. Impressive…

Google Lens is taking in-store shopping to the next level by providing tailored search results based on the store you’re in. Announced this week, the updated feature allows users to take a picture of an item and receive customized insights, including reviews, price comparisons, and a list of similar in-stock products available at that specific location. Tailored Shopping Experience at…

The Biden administration has officially finalized its grant agreement with Taiwan Semiconductor Manufacturing Company (TSMC), marking a significant step in bolstering US semiconductor production. TSMC is set to receive up to $6.6 billion in incentives through the CHIPS Act, a vital piece of legislation aimed at reducing America’s reliance on foreign-made chips. This funding is crucial for TSMC’s massive expansion…

The European Union has published its first draft of regulatory guidelines for General Purpose AI (GPAI) models, marking a significant step in global AI governance. This initiative builds on the recently implemented AI Act and aims to address risks while providing companies with a framework for compliance. Stakeholders have until November 28 to offer feedback, with the final rules expected…

DeepL, the popular online translation tool renowned for its nuanced and accurate text translations, has stepped into the world of voice with its latest innovation: DeepL Voice. This new feature enables real-time, text-based translations of spoken language, opening up new possibilities for live conversations across languages. DeepL, already boasting a valuation of $2 billion and over 100,000 paying customers, is…

Amazon is reportedly working on augmented reality (AR) glasses for its delivery drivers. The initiative, known internally as "Amelia," builds upon the company’s Echo Frames smart glasses and aims to shave precious seconds off delivery times. While the company has yet to confirm these claims, sources suggest the glasses are part of Amazon's relentless push toward greater productivity. Smarter Deliveries…