Chamber of Commerce wants the public to trust AI: It says tech regulation is necessary to achieve beneficial versus harmful outcomes. AI models trained on smaller data sets could help too.
TikTok assembles its legal team: Embargoes are escalating globally, forcing TikTok to refocus its efforts on upcoming legal battles. Legal woes could curtail growth and allow competitors to take back users and market share.
The tech sector that had propelled Silicon Valley Bank’s growth lost confidence in its viability and pivoted away from it. Are other tech-focused banks also in danger?
Banks are under pressure to slash costs amid weak dealmaking. Citi is cutting jobs but also spending big in a strategy shift.
Generative AI gains momentum across multiple industries: Generative AI, including ChatGPT, has led to a boom as companies and startups alike race to integrate it into their products and businesses find new applications.
Generative AI tools are leading to more sophisticated cyberattacks. Tech investment and educating staff will be key for banks’ cybersecurity.
Will history repeat itself in the Google-Microsoft innovation drama? Google pushes robotics research despite axing its Everyday Robots arm. Innovation without a clear commercial strategy could give Microsoft an opening.
Dish Network is still reeling from ransomware attack: With various services and websites offline and their stock hitting a 14-year low, the window for Dish to resolve its ransomware-related outage is closing.
The 6G race has begun: Telecom execs say we’ll see 6G in a few years. The notion seems ill-conceived given 5G’s disappointing showing but AI might make the upgrade necessary.
One-quarter of bankers view banking as a service as an opportunity to grow revenues—but just 7% say they provide these technologies.
Bots might soon replace professional interactions: ChatGPT is coming to Slack as companies go all in on generative AI. It would be wise to tally the pros and cons of AI adoption.
Layoffs shatter Big Tech’s great illusion: Unionization efforts are expected to gain ground as mass layoffs shift the narrative to labor. Will efforts to unionize be more successful than in previous years?
Broadcom AI product sales could quadruple: Data centers are reaping the revenue benefits of the generative AI frenzy. The technology’s high compute costs means infrastructure is a spending focal point.
Meta getting ready for more layoffs: Thousands of jobs could be lost as the company tightens its belt before Zuckerberg goes on leave. The cuts could spur other Big Tech companies to continue shedding headcount.
Banks recognize the benefits and risks of AI. Planning for regulation, investing now, and educating staff are all key to embracing the tech.
TSMC hiring thousands while rest of chip industry cuts back: The Taiwanese chip giant will take its competitors’ talent to augment its expertise and could alter the global technology landscape for years to come.
ChatGPT earns Microsoft a $2T market capitalization: So far, Microsoft’s bold generative AI bet has paid off, with ChatGPT integrations promising major profit gains. Reckless mistakes could derail the success.
US-China tech tensions near a boiling point: Beijing gave the US a stern warning to back off on tech restrictions. Companies should prepare for confrontation through cybersecurity and supply chain resilience.
The great big Tesla sale of 2023: The EV pioneer is resorting to discounts to sustain sales momentum while its new models are delayed. Meanwhile, safety recalls and growing competition could become unstoppable challenges.
Google is building an AI muse: It’s now billing Bard as a creative assistant instead of a search engine. It’s a smart move that balances consumer expectations with AI’s unpredictability.