It is working on a robot that may be helpful to people.

The company also announced other AI developments.

Stung by the struggles of cryptocurrency and other faded Silicon Valley fads of recent years, venture capitalists have quickly doubled down on AI, a new promised land in the never-ending quest for big tech riches. For the big investors, "if it's not AI, it's not worth it," Denis Barrier, co-founder...

Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans do business, the European Commission said on Tuesday. From next month, the world's biggest digital firms, identified as "gatekeepers" by the EU, must comply with strict do's and don'ts under...

He reportedly intends to sell, next July, 50 million shares of the group.

Istanbul, Turkey - Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday. The year-on-year inflation rate moved to 64.86 percent -- up a notch from 64.77 percent in December, the TUIK...

"The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have finally put the nail in the coffin of the idea rates will be cut next month," said AJ Bell investment director Russ Mould.

Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate from 8.5 percent to 45 percent. The bank said last week that it intends to keep rates high for the immediate future to make sure inflation is brought under control.

"Markets are eagerly anticipating today's meeting from the Federal Reserve with traders looking for signs over whether a March rate cut is plausible," said Joshua Mahony, chief market analyst at Scope Markets.

It pulled out of the US$10bn merger of its Indian operations.

The tech giant's market value has surged by over $1 trillion.

The cull will reach 27,000 positions across the company.

Hong Kong, China - Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data. Equities surged in...

"Q" will be available only to the company's AWS cloud.

Brussels, Belgium - Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set new rules on competition in the digital marketplace. The European Commission has designated 22 big online companies as "core platform services" to be subject to additional scrutiny and obligations under...

In-app shopping will be available for select products advertised on Snapchat and sold at Amazon, the spokesperson added. People will be able to link their Snapchat and Amazon accounts to take advantage of the in-app shopping feature, according to Amazon.

Dreams of the benefits of generative AI -- along with fears of the technology's risks -- have been hot topics in the tech world since ChatGPT made its blockbuster debut a year ago. More than 2 million developers are building on the OpenAI platform, while more than 100 million people...

The Manaus project has just completed its pilot phase with ten prototype boxes fixed to trees in a densely forested area near Manaus, the capital city of Brazil's northern Amazonas state. The team is now looking for more funding to add hundreds more sensors to the system, including ones that...

Its investment will heat up the race for dominance in AI.

News site G1 said the plane was an 18-passenger EMB-110, a twin-engine turboprop manufactured by Brazilian aircraft-maker Embraer. It was reportedly on its way from the state capital, Manaus, to Barcelos, about a 90-minute flight.

Paris, France - Irish regulators on Friday handed out a 345-million-euro ($369-million) fine to TikTok over data breaches, part of a battle between the European Union and big tech firms on issues from tax avoidance and hate speech to data privacy and monopolistic practices. Here is a summary of the tussles...

Brussels is working through a dense legislative agenda to build tougher regulation of big tech, arguing it needs to protect European users online and to encourage competition. The announcement is a milestone in the application of the Digital Markets Act (DMA), which will force the largest firms to change their...

The mood was brightened by a report that China's biggest state-backed banks would slash rates on mortgages and deposits as part of a drive to support the country's beleaguered property sector. Wall Street enjoyed one of its best days in months thanks to a surge in big names -- including...

The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and hate speech. And it also demands the firms are more transparent about their services, algorithms and how ads are targeted. "These systemic platforms play a very, very important role in...

Nearly eight out of 10 cows across the planet are already experiencing excessively high body temperatures, spiked respiration rates, bowed heads and open-mouthed panting -- all symptoms associated with severe heat stress, the study said. In tropical climates, 20 percent of cattle endure those symptoms year-round.

Apple views AI as integral to its growth.

New York, US - Wall Street stocks edged higher early Monday ahead of major economic reports and earnings releases later in the week, including from Apple and Amazon. After a strong first half of 2023, US equities have continued to trend higher in July behind hopes that the Federal Reserve will...

BRUSSELS, BELGIUM -  Seven tech giants, including Amazon and Apple, have informed the European Union they meet the threshold to come under landmark new rules to curb their market dominance, Brussels said on Tuesday. The firms - Google parent Alphabet, Amazon, Apple, TikTok owner ByteDance, Facebook umbrella Meta, Microsoft and Samsung...

The UN hopes to lay out a clear blueprint on the way forward for handling AI, as development of the technology races ahead the capacity to set its boundaries. The "AI for Good Global Summit", being held in Geneva on Thursday and Friday, will bring together around 3,000 experts from...

The countervailing movements, according to analysts, were evidence of a rotation away from the tech-dominated winners from the earliest part of 2023, and towards manufacturing companies like Caterpillar and Honeywell. "Money is flowing from one sector to another sector," said Adam Sarhan of 50 Park Investments. This dynamic "keeps the...

Meta said it was "disappointed to have been singled out" and the ruling was "flawed, unjustified and sets a dangerous precedent for the countless other companies". "We intend to appeal both the decision's substance and its orders including the fine," Meta president of global affairs Nick Clegg and chief legal...

The company's shares spiked over 10 percent on Thursday.

The firm was a regular on the Fortune 500 list of biggest American companies.

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products. Temu topped US app download rankings in early April, a spot it...

Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to competition" in Germany and worldwide, Federal Cartel Office chief Andreas Mundt said in a statement.

The online retail giant axed 18,000 jobs in January.

The firm also announced 5,000 other roles would remain unfilled.

optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in the United States last month, nearly double the December figure and far more than the 188,000 expected. Government figures also showed unemployment fell to the lowest level since 1969. The...

It posted profit of $2.9bn in the final three months of last year.

In this latest suit, prosecutors took aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. Google's ad dealings generated more than $200 billion in sales in 2021 and is parent company Alphabet's biggest moneymaker by a wide margin.

Netflix became a publicly traded company in early 2002 at an opening price of $15 a share. Shares in the streaming television service were up nearly 7 percent to $337.31 in after-market trades that followed release of the earnings figures. The Netflix board has been discussing succession planning for many...

In a report titled "Survival of the Richest", Oxfam said billionaires had doubled their wealth over the last 10 years, with the wealthiest one percent gaining 74 times more than the bottom 50 percent. The very wealthy have grown richer amid the cost-of-living crisis sparked by the Covid pandemic and...

Microsoft, which makes no secret of its AI ambitions, has integrated Dall-E 2 into several of its applications and now, according to a report in Bloomberg, the tech giant wants to graft ChatGPT to its Bing search engine to take on Google. Since ChatGPT was introduced in November, the prowess...

Washington, United States--Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the online retail giant had "hired rapidly" during the pandemic. "Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just...

Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding which offer to put in the best screen location. Sellers will also be allowed to choose their own delivery firm, rather than being obliged to use the service chosen by...

Pentagon announced Wednesday it has awarded $9 billion in cloud computing contracts to Amazon, Google, Microsoft and Oracle.

They will optimize online grocery shopping for UAE customers.

US media have previously reported that the platform and its various branches will lay off about 10,000 employees. Amazon did not confirm the figure, but he said that the process had begun and would continue early next year. The first teams affected were those dealing with the brand's electronic devices...

The layoffs would follow an aggressive hiring spree. With business booming due to the coronavirus pandemic, as cooped up people turned in earnest to online shopping, Amazon doubled its workforce from the first quarter of 2020 to 1.62 million employees two years later.

Amazon founder Jeff Bezos for the first time said he will give away most of his $124 billion fortune to charity, but warned that doing so effectively will be difficult. The pledge matched similar commitments by some of the world’s richest people, including Bill and Melinda Gates, Warren Buffett and...