Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival

Posted on November 22, 2024 by Techme101

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives.

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Anthropic raises an additional $4B from Amazon, makes AWS its ‘primary’ training partner

Posted on November 22, 2024 by Techme101

Anthropic, OpenAI’s close rival, has raised an additional $4 billion from Amazon, and has agreed to make Amazon Web Services (AWS), Amazon’s cloud computing division, the primary place it’ll train its flagship generative AI models. Anthropic also says it’s working with Annapurna Labs, AWS’ chipmaking division, to develop future generations of Trainium accelerators, AWS’ custom-built […]
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Apple and Google could face a competition probe over their huge mobile ecosystems in the UK

Posted on November 22, 2024 by Techme101

The U.K. Competition and Markets Authority’s independent inquiry group recommended the watchdog investigates Apple and Google’s activities in mobile ecosystems.

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Apple’s mobile browser policies and Google pact are ‘holding back innovation,’ UK regulator says

Posted on November 22, 2024 by Techme101

An inquiry group setup by the U.K.’s antitrust authority has provisionally found that Apple’s policies are “holding back innovation in the browsers we use to access the web on mobile phones.” While the report focuses substantively on Apple, it also highlighted a revenue-sharing agreement with Google, noting that the duo “earn significant revenue” when Google […]
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The World’s Biggest Maker of EVs Has the Worst Appraisal of Human Rights

Posted on November 22, 2024 by Techme101

Amnesty International has issued a report charting the supply chains and human rights due diligence policies of 13 major EV manufacturers. The results are a world away from the clean, safe future that electric vehicles promise.

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Flipkart co-founder Binny Bansal leaves PhonePe board

Posted on November 22, 2024 by Techme101

Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent director and audit committee chair. Bansal played a key role in Flipkart’s acquisition […]
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New UK crypto regulations will include stablecoins and staking services

Posted on November 22, 2024 by Techme101

The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would include cryptocurrency and stablecoins, which are pegged against a more stable asset such as a […]
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Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales

Posted on November 22, 2024 by Techme101

The Indonesian government expects Apple to invest more than $100 million into the country if it wants to sell its iPhone 16 in the growing market.

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Temu owner misses sales forecast as Chinese economy slows

Posted on November 22, 2024 by Techme101

US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement.

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A company is now developing human washing machines

Posted on November 22, 2024 by Techme101

Forget cold plunges. The new flex could soon be human washing machines. According to one of Japan’s oldest newspapers, an Osaka-based shower head maker called Science has developed a contraption that’s shaped like a cockpit, fills with water when a bather sits in a seat at its center, and measures the person’s pulse and other […]
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