Big Tech

AI Firm Typeface Valued at $1 Billion After Salesforce/Google Funding
AI Firm Typeface Valued at $1 Billion After Salesforce/Google Funding
June 29, 2023  |  Investments

Generative artificial intelligence (AI) platform Typeface has been valued at $1 billion after raising $165 million. The funding includes $100 million from a Series B...

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Biden and Indian Prime Minister Meet With Tech Executives
Biden and Indian Prime Minister Meet With Tech Executives
June 23, 2023  |  Technology

Technology was highlighted during Indian Prime Minister Narendra Modi’s meetings at the White House. Among those who met with Modi and President Joe Biden Friday...

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Report: Tech Giants Were Among Uninsured Depositors Covered by FDIC
Report: Tech Giants Were Among Uninsured Depositors Covered by FDIC
June 23, 2023  |  Big Tech

The Federal Deposit Insurance Corporation’s guarantee of uninsured accounts at Silicon Valley Bank reportedly included companies that would have been in no real danger. While President Joe Biden...

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Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
June 23, 2023  |  Amazon

Amazon is reportedly facing a full-scale EU antitrust investigation over its $1.7 billion acquisition of iRobot, the maker of the popular Roomba vacuum cleaner introduced in 2002. After...

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Rumored Bids for Ocado Underscore Digital Shift in Grocery Segment
Rumored Bids for Ocado Underscore Digital Shift in Grocery Segment
June 22, 2023  |  Acquisitions

Deal making spotlights the inroads digital technologies are poised to make in the grocery space. U.K.-based online grocery firm Ocado has reportedly been attracting interest from several...

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Microsoft and OpenAI Growing Tensions Center on Internal Competition
Microsoft and OpenAI Growing Tensions Center on Internal Competition
June 14, 2023  |  Artificial Intelligence

Microsoft’s $1 billion investment in OpenAI went relatively unnoticed back in 2019. Now, after four years and at least another $10 billion, the unlikely partnership...

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Google, Microsoft and OpenAI Limit AI Tools in Hong Kong
Google, Microsoft and OpenAI Limit AI Tools in Hong Kong
June 12, 2023  |  Big Tech

Big Tech in the United States is reportedly blocking Hong Kong residents from accessing artificial intelligence (AI) chatbots. Google, Microsoft and OpenAI have all placed...

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Big Tech Firms Warn UK Risks Losing Its ‘FinTech Crown’
Big Tech Firms Warn UK Risks Losing Its ‘FinTech Crown’
June 06, 2023  |  Europe

A U.K. lobbying group wants Great Britain’s next government to improve the country’s technological standing. In a report issued Tuesday (June 6), UK Tech —...

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EU Official Says AI Firms Must Help Block ‘Malicious Actors’
EU Official Says AI Firms Must Help Block ‘Malicious Actors’
June 05, 2023  |  Artificial Intelligence

Should artificial intelligence (AI)-generated content be labeled as such? If that content could be used to spread disinformation, then the answer is yes, European Commission deputy...

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