NVIDIA is said to be in advanced discussions to purchase an Israeli startup named AI21 Labs. The deal could be valued at between $2 billion and $3 billion, reports earlier this week said. If the purchase goes through it would mark the fourth time the American chip giant acquires a significant company in Israel. The…
SoftBank has now officially completed its whopping $40 billion investment in OpenAI. The Japanese investment firm sold its full holding in Nvidia and other assets to raise the money. This historic deal places an 11 per cent stake of the company in the hands of SoftBank and supports “Project Stargate,” a massive initiative to build brand new AI data centres. This latest investment means that OpenAI remains ahead in the AI arms race, with backing from other high rollers such as Microsoft and Disney, while it gears up for a potential shift towards the public stock market
Disney will pay $10 million to settle claims that it violated children’s online privacy laws. The U.S. Department of Justice says Disney failed to properly label hundreds of YouTube videos as ‘Made for Kids,’ allowing the company to collect personal data from children under 13 without parental consent. As part of the settlement, Disney must implement a new program to review and label all its videos individually to comply with COPPA and protect young audiences in the future.
The Indian government has said that artificial intelligence could potentially add $1.7 trillion to the economy by 2035. Through the IndiaAI Mission, it is deploying 38,000 powerful computer chips to allow startups and researchers to create new technology very cheaply. This drive is projected to deliver more than 1.2 million high-tech jobs by 2027 and transform areas like healthcare and farming. Through new tools in a range of Indian languages, the plan is to democratize AI and take its benefits to all
Warner Bros Discovery is set to reject a massive $108.4 billion takeover bid from Paramount. The Warner Bros board is still believed to favour an earlier deal with Netflix, despite a personal assurance from billionaire Larry Ellison to support the deal. They consider the Netflix deal, which is valued at roughly $82.7 billion, as a safer bet more in line with the company’s future direction. The decision follows weeks of intense bidding and wrangling over government restrictions. Shareholders now must choose between Paramount’s cash offer and Netflix’s future vision.
The K-pop world reacts in disbelief as Ador, label home of NewJeans, has announced it’s suing group member Danielle Marsh for $30 million. The company said she had violated her contract and damaged its reputation in a yearlong dispute. Some of the members agreed to go back to the label, but Danielle is out of the group. The legal action also names a relative and the band’s former manager. Amid doubts about the future of the group, fans are concerned that the famous five-piece has been broken for good.
Australian authorities say the father and son behind the Bondi Beach shooting were not part of an international terror group. After an extensive probe, it was revealed that Sajid and Naveed Akram attacked on their own. The pair travelled to the Philippines a few weeks before the shooting, but security footage shows they stayed in their hotel most of the time and did not undergo any military training there. The son now faces 59 charges, including murder, as the community mourns the 15 victims.
China has held its largest military drills ever, named “Justice Mission 2025,” near Taiwan with ships and aircraft. The exercises include live-fire rocket launches and rehearsing a complete blockade of the island’s main ports. The move is in response to a large arms sale contract signed between the US and Taiwan. Flights and shipping routes have been disrupted, but Taiwan’s military is on high alert. On both sides of the strait, and in other regional capitals, attention is being paid to China as it continues to experiment with ways to assert its authority over the region by 2027.
Back in late 2023, Larry Fink made a claim that sounded bold at the time. The head of BlackRock said tokenisation would be “the future of markets,” and most people rolled their eyes. It felt like another prediction from the crypto world that might never land. But eighteen months later, the story looks different. BlackRock’s…
Khaleda Zia, the first woman to become prime minister of Bangladesh, died Tuesday morning at age 80. She lost her battle with heart and kidney problems in a Dhaka hospital. Zia was instrumental in politics for more than four decades and steered her party across the deadliest of times. Her death has occurred just as her son has returned from exile, and ahead of new elections in the country. National leaders have hailed her as a champion of democracy and women’s rights.
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