The tech industry has been hit with a wave of layoffs in 2024, with over 130,000 job cuts across 457 companies. Major players like Tesla, Amazon, Google, and Microsoft have all conducted significant layoffs, while smaller startups have also been impacted. The layoffs are a result of a combination of factors, including economic uncertainty, increased…
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ChatGPT, the AI chatbot developed by OpenAI, has taken the world by storm since its launch in November 2022. The chatbot has become an essential tool for many Fortune 500 companies, and its latest partnership with Apple has given the company a significant boost in the AI race. However, OpenAI is facing internal drama, including…
ChatGPT, the AI chatbot developed by OpenAI, has taken the world by storm since its launch in November 2022. The chatbot has evolved from a tool to hyper-charge productivity to a behemoth used by over 92% of Fortune 500 companies. OpenAI’s latest partnership with Apple for its upcoming generative AI offering, Apple Intelligence, has further…
Meta, the parent company of Facebook, Instagram, and WhatsApp, is taking a bold step in its infrastructure efforts by planning to build a $10 billion subsea cable that will span the world. This ambitious project, which is expected to be completed in several years, will give Meta a dedicated pipe for data traffic around the…
Apple has recently released iOS 18.2, which includes a groundbreaking feature called Image Playground. This AI-driven tool enables users to create cartoon-like images from text descriptions, opening up new possibilities for creative expression and artistic innovation. With Image Playground, users can access a range of image creation options, including the ability to upload photos and…
Indian food delivery app Zomato has raised $1 billion from institutional investors, marking its first major fundraise since its 2021 IPO. The company plans to use the funds to maintain competitive parity in the quick-commerce market, which is expected to generate over $6.5 billion in annual run-rate revenues. Zomato’s move comes as rival Swiggy has…
Alibaba’s Qwen team has released a new reasoning AI model, QwQ-32B-Preview, which has 32.5 billion parameters and can consider prompts up to 32,000 words in length. The model performs better on certain benchmarks than OpenAI’s o1-preview and o1-mini models and is available for download under a permissive license. QwQ-32B-Preview has shown promising results in solving…
Brightcove, a cloud platform for managing and monetizing video content, has been taken private by Italian technology company Bending Spoons in an all-cash deal valued at $233 million. This acquisition marks Bending Spoons’ entry into the enterprise SaaS market and its first acquisition of a publicly traded company. The deal is expected to close in…
Bluesky, a social network gaining popularity due to an exodus of users from rival X, is in breach of European Union regulations that require online platforms to regularly publish regional user numbers. The Digital Services Act, which came into effect in February, aims to foster transparency and address illicit content. Bluesky has failed to report…
Apple has released its list of finalists for the iPhone App of the Year award, and once again, AI-powered apps have been largely overlooked. Despite the growing popularity of AI assistants like ChatGPT, Apple’s curated list favors more traditional iOS apps that empower human creativity. This trend suggests that Apple may be downplaying the impact…
