TECH

TECH INDUSTRY FACES MAJOR JOB CUTS AMID ECONOMIC PRESSURES

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The tech sector has been hit hard by a wave of layoffs in 2024, with over 124,000 employees losing their jobs across 384 companies worldwide. July alone saw more than 8,000 professionals from 34 tech firms laid off, signaling a continued trend of workforce reductions.

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THE GPS IS UNDER SIEGE: RISING THREATS FROM MODERN NAVIGATION

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The Global Positioning System (GPS) has become the backbone of modern navigation and timing. However, this critical infrastructure is facing unprecedented challenges, with attacks on GPS signals surging at an alarming rate.

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OPENAI UNVEILS THE NEW BUDGET FRIENDLY GPT-4o MINI

Photo Credit: OpenAI has introduced GPT-4o mini, a smaller and more cost-effective AI model. Launched on July 18, 2024, this new offering aims to make advanced AI technology more accessible to developers and businesses worldwide.

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OPENAI TO DISCONTINUE SERVICES IN CHINA AMID GEOPOLITICAL TENSIONS

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OpenAI, the prominent artificial intelligence company, has announced plans to discontinue its services in China, with additional blocking measures set to take effect on July 9, 2024. This decision comes amid growing geopolitical tensions and increasing pressure from Washington on US tech companies to restrict China's access to advanced American technologies.

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ELON MUSK'S NEURALINK TARGETS MORE TEST SUBJECTS

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Elon Musk on Wednesday said his Neuralink startup is "moving on" to a second test patient as its tech for linking brains and computers improves.

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"BBL DRIZZY "; MAJOR RECORD LABELS SUE AI MUSIC STARTUPS FOR COPYRIGHT INFRINGEMENT

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In the ongoing tension between the music industry and artificial intelligence companies, major record labels have filed lawsuits against two prominent AI music startups. Universal Music Group (UMG), Sony Music Entertainment, and Warner Records are among the plaintiffs accusing Udio and Suno of large-scale copyright infringement.

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HUAWEI EXECUTIVE DISMISSES AI CHIP SHORTAGE CONCERN, CALLS FOR INNOVATION

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A senior executive at Chinese technology giant Huawei dismissed concerns on Thursday that a shortage of the most advanced artificial intelligence chips will hinder China's ambitions to become a leader in AI. Zhang Ping, CEO of Huawei Cloud, emphasized the need for innovation to address the issue.

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CYBER ATTACKS DISRUPT CAR DEALERSHIPS IN USA AND CANADA

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Car dealerships in the USA and Canada faced significant disruption as cyber-criminals targeted CDK Global, a software provider serving over 15,000 locations. Lisa Finney, a CDK Global spokeswoman, confirmed the incidents, stating, "We are actively investigating a cyber-incident."

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