Ron Miller / TechCrunch: Synergy: enterprise spending on cloud infrastructure services was ~$74B in Q4 2023, up 20% YoY, and $5.6B over Q3 2023, the largest QoQ increase ever achieved  —  For the last several quarters we’ve seen a lull in the expansion of the cloud infrastructure market, with lower growth numbers … Source link

Neuralink, the California-based neurotechnology company, has implanted a wireless brain chip in a human for the first time, revealed co-founder Elon Musk. The big development was revealed by Musk on January 29 via a series of posts on X (formerly known as Twitter). Neuralink has been working on creating implantable brain-computer interfaces (BCIs). Last year

Reuters: Nayib Bukele doubles down on BTC despite El Salvador’s economic woes and IMF asking for BTC’s removal as legal tender; 88% of citizens didn’t use BTC in 2023  —  James and Nicki Malcolm moved to El Salvador from New Zealand to be part of a bitcoin dream sold by President Nayib Bukele in 2021

Meta has recently released Code Llama 70B, the latest update to the company’s open-source artificial intelligence (AI) coding model. Announcing the release, the California-based tech conglomerate called it “the largest and best-performing model in the Code Llama family.” As per the company’s report, Code Llama 70B scored 53 percent in accuracy on the HumanEval benchmark,

Reed Albergotti / Semafor: Meta’s Fundamental AI Research (FAIR) lab, which is responsible for Llama, is made up largely of women; sources say ~60% of FAIR’s leadership team are women  —  In the high stakes, brutally competitive AI race, Mark Zuckerberg’s Meta has been an outlier.  While most of the big foundation … Source link

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34 percent drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. The world’s biggest maker of memory chips said it expected mobile and PC makers to place more, better chips

Reuters: Chinese automaker Geely launches 11 LEO satellites to provide high-precision positioning support to self-driving cars and expects 72 to be in orbit by 2025  —  Chinese automaker Geely Holding Group (0175.HK) said on Saturday it has launched 11 low-earth orbit satellites, its second dispatch … Source link

AI-related companies lost $190 billion (roughly Rs. 15,77,620 crore) in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants’ reports after the bell underscored investors’ elevated expectations following an AI-fueled stock market rally

Taylor Lorenz / Washington Post: More than 100 human rights and LGBTQ groups and many kids condemn the Kids Online Safety Act after the January 31 hearing, saying it is “to control information”  —  Gen Z TikTokers, LGBTQ organizations and free speech advocates react angrily to Wednesday’s hearing Source link

Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts’ targets, powered by iPhone growth, sending Apple shares down 3 percent in after-hours trade. The results