TECH

META AND SPOTIFY CEOs CHALLENGE EU AI REGULATIONS, HIGHLIGHTING INNOVATION BARRIERS

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Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek have joined forces to criticize the European Union's approach to regulating artificial intelligence. The tech leaders argue that overly complex rules are stifling innovation and hampering the development of open-source AI in Europe.

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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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PATREON FORCED TO ADOPT APPLE'S IN-APP PURCHASES

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Patreon announced on August 12, 2024, that it must transition to Apple's in-app purchasing system or face removal from the App Store. This move comes after years of Patreon operating in a gray area regarding Apple's policies.

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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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INTEL'S MISSED OPPORTUNITY WITH OPEN AI: A STRATEGIC MISSTEP IN THE AI ERA

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About seven years ago, Intel, a titan of the computer age, had an opportunity that might have reshaped its fortunes in the AI era. In 2017 and 2018, Intel engaged in discussions with OpenAI, then a fledgling non-profit focused on generative artificial intelligence, about a potential investment.

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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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GOOGLE'S SEARCH MONOPOLY RULED ILLEGAL: POTENTIAL IMPACTS ON THE INTERNET LANDSCAPE

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A federal judge delivered a landmark ruling against tech giant Google, declaring its search engine an illegal monopoly in the United States. Judge Amit Mehta stated that "Google is the only real choice" for default search, having achieved this status through unfair practices. This decision marks the second time in a year that Google has been found to violate antitrust laws, following a previous ruling on its Android app store.

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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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