Latest News
By Federal Newswire | Feb 15, 2024
McKinsey & Company posits that Middle Eastern companies investing in the public cloud could generate billions of dollars in revenue. An analysis conducted by McKinsey, examining cloud use cases applied to the public sector and over 600 companies, suggests that up to $183 billion could be generated by 2030.
By Federal Newswire | Feb 11, 2024
Excessive use of social media by preteens has been linked to several health and mental health issues, such as poor sleep patterns, low self-esteem, and cyberbullying. A recent article from the Brookings Institution revealed that Latino youth are more susceptible to these impacts than other racial groups.
By Federal Newswire | Feb 11, 2024
Cisco, the multinational technology conglomerate, has announced its plans to bolster the sustainability of its European operations through a 15-year solar energy agreement in Spain. The firm will be procuring 60,000 MWh annually of solar energy from IGNIS, a Spanish renewable energy provider.
By Federal Newswire | Feb 11, 2024
The United States banking sector experienced a significant drop in profits during the fourth quarter of 2023, with a year-over-year decrease of an unprecedented 45 percent. This resulted in a loss of over $38 billion in profits, marking the largest year-over-year quarterly profit decline since the onset of the COVID-19 pandemic in the second quarter of 2020.
By Federal Newswire | Feb 11, 2024
OpenAI, the artificial intelligence company, is set to achieve over $2 billion in revenue as it capitalizes on the increasing corporate demand for AI technology. CEO Sam Altman stated that 92% of Fortune 500 companies are currently utilizing OpenAI products.
By Federal Newswire | Feb 11, 2024
The United Kingdom's Artificial Intelligence (AI) job market has been growing at a faster pace than that of the United States, as global economies increasingly integrate AI into their technologies. Furthermore, the UK government has announced a £100 million plan to expedite AI regulation.
By Federal Newswire | Feb 11, 2024
Advanced Micro Devices (AMD) is confident that artificial intelligence (AI)-powered personal computers will play a crucial role in the ongoing AI competition against rivals Nvidia and Intel. These AI PCs utilize AI processors to execute advanced capabilities.
By Federal Newswire | Feb 1, 2024
The Center for a New American Security (CNAS) has elected Karen Dahut, CEO of Google Public Sector, to its board. Dahut will join 18 other members on the board that governs the Washington, D.C.-based think tank dedicated to national security and defense policy.
By Federal Newswire | Feb 1, 2024
Barry Lynn, the Executive Director of Open Markets Institute, has welcomed the Federal Trade Commission's (FTC) recent decision to investigate Big Tech's collaborations with artificial intelligence (AI) companies. He interprets this move as an indication that regulatory authorities in the U.S. are taking heed of their warnings.
By Federal Newswire | Jan 31, 2024
Samsung Electronics has reported its fourth quarter and fiscal year 2023 results, revealing that the company fell short of revenue projections, posting $51 billion as opposed to the anticipated $52 billion.
By Federal Newswire | Jan 29, 2024
Amazon has declared its plan to invest 2.26 trillion yen in its Japanese cloud infrastructure by 2027. An economic study predicts that this investment will bolster Japan's gross domestic product (GDP) by 5.57 trillion yen.
By Federal Newswire | Jan 24, 2024
The Semiconductor Industry Association (SIA) has voiced its support for the Tax Relief for American Families and Workers Act (H.R. 7024), highlighting two provisions within the bill that it deems crucial to the semiconductor industry.
By Federal Newswire | Jan 24, 2024
The Future of Life Institute (FLI) has raised concerns over Meta's plans to develop artificial general intelligence (AGI) and make it open-source. The announcement was made by Meta's founder and CEO, Mark Zuckerberg, via an Instagram post last week.
By Federal Newswire | Jan 20, 2024
Google has disclosed plans to reduce its workforce across multiple divisions in a bid to decrease expenses. The tech giant's move is part of its ongoing competition with other major technology companies for dominance in the artificial intelligence sector.
By Federal Newswire | Jan 20, 2024
A federal judge has blocked JetBlue Airways' bid to acquire Spirit Airlines, which is currently facing challenging circumstances. The proposed merger, valued at $3.8 billion, was deemed detrimental to competition within the aviation industry by the US Department of Justice.
By Federal Newswire | Jan 14, 2024
The European Commission has launched two separate requests for feedback on competition within the realms of virtual worlds and generative artificial intelligence (AI).
By Federal Newswire | Jan 11, 2024
Nvidia, in collaboration with the Loss Prevention Retail Council, has unveiled an artificial intelligence (AI) solution aimed at curbing retail theft. The innovative technology is designed to deliver advanced and real-time alerts when theft occurs.
By Federal Newswire | Jan 11, 2024
The Federal Trade Commission (FTC) has issued a prohibition against data brokers X-Mode Social and Outlogic, barring them from selling sensitive location data. The two companies have been accused of failing to obtain consumer consent or adequately inform consumers about their data collection practices.
By Federal Newswire | Jan 5, 2024
The Federal Trade Commission (FTC) has announced that its Office of Technology will host a virtual technology summit in January. The event, named the "FTC Tech Summit," will concentrate on key developments in artificial intelligence (AI) and strategies to safeguard consumers and competition in this rapidly evolving sector.
By Federal Newswire | Dec 22, 2023
Google and YouTube are leveraging artificial intelligence (AI) to improve the accessibility and quality of health content for users worldwide. The technology is transforming public health services, making them more readily available to consumers.
