Page 72 - Data Science For News Today

The European Unions financial watchdogs have stated that the presence of Big Tech in the EUs financial services sector is currently not a threat to financial stability. They conducted a stocktake to assess the activities of Big Tech companies such as Alphabet, Amazon, Meta, Alibaba, and more. The stocktake revealed an increasing presence of Big Tech subsidiaries as direct providers of financial services, particularly in payments, e-money, and insurance.

France is now backing landmark EU rules governing artificial intelligence subject to strict conditions, an EU diplomatic source said on Friday, after sources had previously said it was the last holdout in the bloc to supporting the plan.

Neuralink does not have to divulge even basic details about its trial, including the facility where patients are being implanted with the device and monitored, as well as the number of participants and expected completion date.

Apple reported China sales that missed Wall Street targets; Apples total installed base of devices hit 2.2 billion; iPhone sales in mainland China were down mid-single digits; Apples sales in China were $20.82 billion; Apples wearables segment fell to $11.95 billion.

Reflects commitment to sustainable growth, in harmony with people and environment

Meta Platforms Inc. tripled its profit to $14 billion, or $5.33 per share, in Q4 2023, up from $4.65 billion, or $1.76 per share, a year earlier. Revenue grew 25% to $40.11 billion from $32.17 billion. Monthly active users on Metas apps reached 3.98 billion, up 6% from 2022. Meta is forecasting Q1 2024 revenue of $34.5 billion to $37 billion, above expectations. It had 67,317 employees as of Dec. 31, 2023, a decrease of 22% year-over-year.

The results confirmed some analysts concerns that the companys signature product is losing ground in the key Asian market where consumers are buying foldable phones and phones from Huawei, powered by a China-made chip.

Its initial timeline had chip-making starting next year. Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project.

Researchers at Queen Mary University of London, including Andrea Martonelli and Max Graf, are using novel AI tools to create "new virtual worlds" of music. They are exploring computational creativity and generative AI in a futuristic studio where music meets cutting-edge tech. The researchers are developing virtual instruments like "Netz", an augmented-reality headset that tracks gestures to create music, and the "HITar", an advanced guitar with AI sensors.

Global software-as-a-service (SaaS) company Zoho has reported consolidated revenue of Rs 8,703 crore in the financial year 2023 (FY23), up nearly 30 per cent (year-on-year).