The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday. The Hangzhou-based e-commerce firm’s cloud computing division, Alibaba Cloud, said in a WeChat post that it’s offering the price cuts on its … Read more
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024. Dado Ruvic | Reuters After a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC they’re expecting the flagship cryptocurrency to hit new all-time highs in 2025. In December, the world’s largest cryptocurrency broke the highly anticipated $100,000, … Read more
A debate over what shape hardline immigration policies will take regarding high-skilled work visas has become the first major policy dispute among prominent supporters of United States President-elect Donald Trump – just weeks ahead of the Republican’s new presidential term. On one side are members of Trump’s so-called “Make America Great Again”, or MAGA movement, … Read more
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry’s AI ambitions driving much of the surge. Data centers powering AI and cloud computing could soon … Read more
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Google CEO Sundar Pichai told employees last week that “the stakes are high” for 2025, as the company faces increased competition and regulatory hurdles and contends … Read more
OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup. “The hundreds of billions of dollars that major companies are now investing into AI … Read more
Larry Ellison and Monica Seles and Bill Gates (back row) watch Carlos Alcaraz of Spain play against Alexander Zverev of Germany in their Quarterfinal match during the BNP Paribas Open in Indian Wells, California, on March 14, 2024. Clive Brunskill | Getty Images It’s been a good year for Larry Ellison. Oracle’s co-founder has gained … Read more
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty Images The Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into everything from cars to household goods and defense systems. China “routinely … Read more
The year 2024 saw the global economy stabilise following the fallout of the COVID-19 pandemic, even as growth in many countries lagged pre-2020 levels. Amid a patchy recovery, more than 2 billion people were eligible to vote this year, and economic issues, particularly rising living costs, were a top concern for voters around the world. … Read more
Omer Taha Cetin | Anadolu | Getty Images Bitcoin fell sharply on Friday amid broader investor caution toward risk assets. Bitcoin dipped below the $93,000 mark earlier in the day before trading above that price in volatile trade. The digital asset was last trading at $97,491.71, according to Coin Metrics, down around 5% from 24 … Read more