Europe’s landmark rules on artificial intelligence will enter into force next month after EU countries recently endorsed a political deal reached in December, setting a potential global benchmark for a technology used in business and everyday life. The European Union’s AI Act is more comprehensive than the United States’ light-touch voluntary compliance approach while China’s
, backed by new investors Hedosophia, NVentures (NVIDIA’s venture capital arm) and Zendesk, with follow-on investments from Khosla Ventures, Georgian, Point72 Ventures, Sands Capital and Passion Capital. With this raise, PolyAI has now secured over €110 million in funding. The up round indicates VCs are sharing this enthusiastic vision. Vinod Khosla, the founder of Khosla
In a rapidly evolving landscape where technology and leadership intersect to shape the future, Jayanta Lahiri emerges as a beacon of clear vision and pragmatic insights into technology’s societal impact. As the CEO and Global Chief Advisor of CIOAdvisory.ai, he has successfully navigated numerous leading consulting and technology-service firms through the intricate journey of digital
Qatar’s Ministry of Transport has announced plans to test the services of the electric air taxi and electric delivery planes in early 2025. In a statement, the Ministry said that it had applied for all the necessary approvals and coordination matters with the Qatari bodies concerned, to go ahead with such test runs. This step
Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple shops, as it seeks to retake the premium electronics throne in the world’s biggest smartphone market. Situated directly across from Apple’s Shanghai flagship store, Huawei’s recently renovated shop spans three floors of a
Video sharing platform Rumble has said that it has sued Google, arguing the tech giant has engaged in anticompetitive practices across its digital advertising products and sought damages in excess of $1 billion. The suit alleges Google has monopolised the ad stack “by buying companies up and down the chain, concurrently representing both ad buyers
The race to develop the first commercially available humanoid robot has been primarily concentrated in the US, until now. However, Mimic, a Switzerland-based startup, is challenging US dominance and joining the robotics race to be the first to take a robotic arm and humanoid hand combination to market using generative AI, as it raises a
South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister has said, after setting its sights on winning a “war” in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets
Food waste is so prolific in the USA that roughly one-third of the amount produced ends up in landfills rather than stomachs. That adds up to excess production, packaging, storage and delivery requirements, all negatively contributing to climate change. A recent study published in the journal Science found food production accounts for 26% of global
Changpeng Zhao, the former chief executive of Binance, has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry figure, Zhao, known as “CZ,” is the second major crypto boss to be sentenced to prison.
