Virtual Reality Technology
California’s proposed ‘billionaire tax’ fails to pass
California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven out wealthy residents or just trimmed their fortunes.
AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey
Artificial intelligence could eliminate 60-70 per cent of manual operational tasks in banks' risk functions, allowing lenders to redirect resources towards deeper risk analysis, strategic decision-making and AI development, according to a report by McKinsey.
British TV viewers suffering from 'streaming overload' because they are 'overwhelmed by choice' - with millions calling for a 'return to simpler times'
TV viewers are said to be suffering with 'streaming overload' - with millions calling for a 'return to simpler times'
As 1 mainland Chinese chip IPO soars, another stumbles in busy Hong Kong week
Two mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, closed 7.7 per cent lower at HK$213 after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the bottom of its...
Nvidia CEO Jensen Huang reportedly hired scandal-management PR firm before affair controversy surfaced
Nvidia CEO Jensen Huang reportedly hired crisis communications firm Heller Inc a year before acknowledging an affair with a former Megaspeed executive suspected of links to Chinese intelligence.
Meta’s Muse Personal AI Agent Pricing for India Revealed Ahead of Debut: Report
Meta has revealed the India pricing of the Muse personal AI agent, according to a report. The Mark Zuckerberg-led tech giant will reportedly offer the service at a starting price of Rs. 1,799 for the Power subscription. On the other hand, the higher-end Maximum plan is said to cost Rs. 8,999. However, the report does not specify whether these prices are for monthly or...
Jensen Huang’s alleged honeypot scandal has inspired some top-notch memes
The internet is having a field day with Nvidia's Jensen Huang's alleged honeypot scandal.
Why is China spending 5 trillion yuan to 'transform' its power grid?
Why is China spending 5 trillion yuan to 'transform' its power grid?
Chinese biotech giant WuXi AppTec’s shares gain after Pentagon blacklist reversal
WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong...
Chinese traders still confident of Nvidia GPU access amid Jensen Huang scandal
Prices for Nvidia graphics processing units (GPUs) are falling in China’s largest electronics market, as traders shrug off the frenzy of market speculation over tightening export controls in the wake of the US midterm elections and the Jensen Huang affair. The US chip giant’s top-of-the-range GeForce RTX 5090 graphics card surged in price last month at Shenzhen’s Huaqiangbei market, but that was mostly driven by rumours that Nvidia was going to halt production to focus on high-end enterprise...