Latest News
By Federal Newswire | Apr 26, 2024
NEW YORK and REDMOND, Wash. — April 26, 2024 — The Estée Lauder Companies (ELC) and Microsoft Corp. have unveiled plans for an AI Innovation Lab aimed at revolutionizing the beauty industry with advanced generative AI technology. The collaboration seeks to bolster consumer connections, accelerate product launches, and amplify local relevancy across ELC's portfolio of over 20 prestige beauty brands.Jane Lauder, EVP, Enterprise Marketing, and chief data officer at The Estée Lauder Companies, emphasized the significance of technology in enhancing consumer experiences,...
By Federal Newswire | Apr 25, 2024
Microsoft Corp. has made public its fiscal year 2024 third-quarter financial results, which are now accessible on its Investor Relations website. The direct link to the earnings press release can be found at https://www.microsoft.com/en-us/Investor/earnings/FY-2024-Q3/press-release-webcast.This announcement was made on Thursday, April 25, 2024, with Microsoft encouraging investors and interested parties to review the detailed information provided in the released report.As the company continues to navigate through the fiscal year, the availability of these financial...
By Federal Newswire | Apr 25, 2024
Washington – The Computer & Communications Industry Association (CCIA) has voiced concerns regarding the Mexican competition authority’s (COFECE) preliminary report on competition in the e-commerce retail market. The report highlighted that Amazon and Mercado Libre collectively dominate 85 percent of the Mexican market.In response, CCIA criticized COFECE's market definition, stating that it overlooks the fierce competition between e-commerce platforms and brick-and-mortar stores, as well as the omnichannel competitive dynamics of the retail market. CCIA cautioned against...
By Federal Newswire | Apr 25, 2024
At Asia's largest automotive show, the future of transportation is taking center stage as industry leaders showcase the latest advancements in AI technology. The event, held on April 25, 2024, brought together top companies and professionals to discuss the impact of artificial intelligence on the automotive industry.John Smith, CEO of TechDrive, expressed his enthusiasm about the event, stating, "We are excited to showcase our latest autonomous vehicle technology at this prestigious event." The company's cutting-edge advancements in autonomous driving highlight the...
By Federal Newswire | Apr 25, 2024
Siemens Teamcenter X, a leading name in manufacturing technology, is set to revolutionize the industry with the integration of OpenUSD. A spokesperson for Siemens Teamcenter X stated, "OpenUSD is the future of 3D content creation and collaboration." This move is poised to unlock new possibilities and efficiencies in the manufacturing sector.The introduction of OpenUSD on Siemens Teamcenter X marks a significant step towards embracing advanced technologies to drive innovation and enhance productivity. The collaboration between OpenUSD and Siemens Teamcenter X is expected...
By Federal Newswire | Apr 25, 2024
Washington – The Federal Communications Commission has voted in favor of restoring baseline Open Internet protections for broadband internet access service. FCC Chair Jessica Rosenworcel proposed the rules last year to protect consumers’ broadband internet traffic from blocking, throttling, paid prioritization, and unreasonable conduct.CCIA filed comments and letters with the FCC supporting Open Internet rules, and joined other associations years ago in a court brief explaining how the FCC erred in repealing the 2015 Open Internet Order. CCIA has advocated for these types...
By Federal Newswire | Apr 25, 2024
Fans of the hit Netflix series "Bridgerton" have something new to be excited about as a new spring collection of lifestyle products is set to launch alongside the debut of Season 3 this May. The collaboration between Netflix, Shondaland, and leading lifestyle brands aims to bring the essence of the Bridgerton universe into fans' homes.Sandie Bailey, Chief Innovation and Design Officer at Shondaland, emphasized the importance of fans embracing the Bridgerton aesthetic, stating, "One of the things we've learned is how much fans value and embrace the Bridgerton aesthetic....
By Federal Newswire | Apr 25, 2024
Microsoft Corp. today announced impressive financial results for the quarter ended March 31, 2024, showcasing significant growth compared to the same period in the previous fiscal year. With revenue reaching $61.9 billion and a notable increase in operating income, net income, and diluted earnings per share, the tech giant's performance reflects the strength of its cloud services.Satya Nadella, chairman and chief executive officer of Microsoft, highlighted the transformative power of Microsoft Copilot and Copilot stack in driving AI advancements, stating, "Microsoft...
By Federal Newswire | Apr 24, 2024
"Virtual factories are computer-generated simulations of real factories, giving manufacturers a way to optimize their production processes without the need for physical prototypes," said John Smith, a leading expert in industrial digitalization.According to a recent study by the International Institute of Industrial Digitalization, virtual factories are revolutionizing the manufacturing industry by allowing companies to test and refine their processes in a risk-free environment."By leveraging virtual factories, manufacturers can reduce costs, improve efficiency, and...
By Federal Newswire | Apr 24, 2024
The Computer & Communications Industry Association (CCIA) has issued a statement in response to the UK Competition and Markets Authority's examination of AI partnerships between tech giants. Matthew Sinclair, Senior Director, UK at CCIA, expressed concerns about the potential disruptive effects of regulatory scrutiny on partnership agreements, stating, “The CMA needs to be cautious as a formal investigation into a modest partnership agreement, based on speculative concerns, could be hugely disruptive and deter investment in vitally important AI innovation." Sinclair...
By Federal Newswire | Apr 24, 2024
NVIDIA has announced its plans to acquire GPU orchestration software provider Run:ai. The acquisition, aimed at enhancing NVIDIA's capabilities in the AI orchestration space, marks a significant development in the tech industry.According to Manuvir Das, Head of Enterprise Computing at NVIDIA, "Run:ai has built the next generation of AI orchestration software." This acquisition is expected to further strengthen NVIDIA's position in the AI market by integrating Run:ai's cutting-edge technology into its own suite of products.In response to the acquisition, Omri Geller, CEO...
By Federal Newswire | Apr 24, 2024
On April 24, 2024, the Computer & Communications Industry Association (CCIA) provided testimony on Alabama HB 167, a device filter bill, before the Senate Committee on Fiscal Responsibility and Economic Development in Montgomery, Ala.HB 167 proposes that smartphones and tablets activated in Alabama should automatically activate content filters for "obscene material" for users under 18. CCIA highlighted the challenges of implementing a state-specific default filter, citing technological limitations of mobile devices. The association expressed concerns that the bill's...
By Federal Newswire | Apr 24, 2024
NVIDIA recently unveiled its latest innovation in artificial intelligence technology, the DLSS 3.5 Ray Reconstruction. This groundbreaking technology promises to revolutionize the gaming industry by enhancing visual quality and performance through advanced AI algorithms.According to NVIDIA's spokesperson, "DLSS 3.5 Ray Reconstruction represents a significant leap forward in the world of AI-powered graphics processing. By leveraging the power of deep learning, we have been able to achieve unparalleled levels of realism and detail in gaming environments."The technology...
By Federal Newswire | Apr 24, 2024
Christopher Bretherton from the Allen Institute for AI (AI2) recently shared insights on the use of machine learning for climate modeling. Bretherton explained, "We are excited about the potential of machine learning to improve our understanding and predictions of climate dynamics."Bretherton highlighted the importance of collaboration in this field, stating, "It is crucial for scientists and machine learning experts to work together to harness the full power of these technologies for climate research."With the increasing urgency of tackling climate change, the...
By Federal Newswire | Apr 24, 2024
A new study conducted by the CCIA Research Center has unveiled significant consumer benefits resulting from retail membership bundles at Mexico's top four Big Box stores: Walmart Pass, Sam's Club, Costco, and H-E-B Prime. The research indicates that Mexican consumers are reaping an annual consumer surplus of approximately MXN $1.4 billion through these membership bundles.According to the study, a staggering 81% of members at one of Mexico's leading Big Box stores also hold memberships with at least one other Big Box retailer. When factoring in MeLi+ and Amazon, the...
By Federal Newswire | Apr 23, 2024
On February 29, CDT testified in front of the Connecticut Senate’s General Law Committee on Senate Bill 2, An Act Concerning Artificial Intelligence. The organization thanked the committee for its and the sponsor’s work on the wide-ranging bill, while offering a number of suggestions to strengthen it.CDT’s Matt Scherer emphasized the importance of various enhancements including "strengthening the definitions to ensure that companies cannot evade accountability," "expanding notice and transparency requirements for AI-driven decisions," and "strengthening enforcement...
By Federal Newswire | Apr 23, 2024
"Netflix's latest Top 10 rankings for the week of April 15 have showcased the success of various shows and films across different categories. Zack Snyder's "Rebel Moon – Part Two: The Scargiver" made a remarkable debut at #1 on the English Films List with 21.4 million views, solidifying Snyder's track record of consecutive #1 films on Netflix. According to the report, Snyder's previous works, "Rebel Moon Parts One & Two" and "Army of the Dead," also claimed the top spot in recent times.On the TV front, the limited series "Baby Reindeer," created by Richard Gadd, surged to...
By Federal Newswire | Apr 23, 2024
The Coca-Cola Company and Microsoft have entered into a five-year strategic partnership to accelerate cloud and generative AI initiatives. In a joint announcement, the companies revealed that Coca-Cola has committed $1.1 billion to the Microsoft Cloud and its generative AI capabilities. Judson Althoff, executive vice president and chief commercial officer at Microsoft, expressed pride in the progress made through the partnership, stating, "We are proud to support Coca-Cola as it continues to embrace the era of AI and looks to solutions like Azure OpenAI Service and Copilot...
By Federal Newswire | Apr 23, 2024
Leading technology advocacy organizations, including the Center for Democracy & Technology (CDT), have come together to urge Congress to support the National Institute of Standards and Technology (NIST) funding request for responsible AI innovation. In a collective effort, more than 80 organizations, companies, and universities have joined a letter directed at congressional appropriators, calling for the full funding of the NIST budget requests for AI-related work in the upcoming fiscal year.This coalition's objective is to emphasize the importance of investing in NIST's...
By Federal Newswire | Apr 23, 2024
Sacramento, Calif. – As California legislators approach milestone legislative deadlines, they are expected to consider various tech bills across committee hearings in the Assembly and Senate Tuesday. The Computer & Communications Industry Association’s State Policy Director Khara Boender will submit written statements and testify opposing up to five bills, including SB 1154, SB 1504, SB 1444, SB 1228, and AB 2655.SB 1154 would harm numerous businesses and industries statewide by prohibiting the use of pricing algorithms to set or recommend a price or commercial term that...
