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Tim Cook, Apple’s CEO, Announces Substantial Investment in Generative AI

Tim Cook, Apple's CEO, Announces Substantial Investment in Generative AI

On Wednesday, Apple CEO Tim Cook announced a significant financial commitment to artificial intelligence, marking a noteworthy indication of the tech giant’s embrace of the prevailing generative AI trend. Speaking at Apple’s virtual annual shareholder meeting, Cook expressed the company’s recognition of the remarkable breakthrough potential within generative AI, explaining ...

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Crypto Venture Funding Surges Following Bitcoin’s Remarkable Performance, Marking First Increase in Nearly Two Years

Crypto Venture Funding Surges Following Bitcoin's Remarkable Performance, Marking First Increase in Nearly Two Years

The year 2023 witnessed a significant resurgence in the crypto industry, and now, venture investors are re-entering the scene. According to PitchBook’s report on Thursday, venture funding for companies associated with crypto reached $1.9 billion in the fourth quarter of 2023, indicating a 2.5% increase from the previous quarter. This ...

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Biden Administration Allocates $162 Million to Enhance Computer Chip Production Facilities in Colorado and Oregon

Biden Administration Allocates $162 Million to Enhance Computer Chip Production Facilities in Colorado and Oregon

Microchip Technology is set to receive $162 million from the Biden administration as part of efforts to bolster domestic computer chip production, marking the second funding announcement aligned with a 2022 law aimed at revitalizing U.S. semiconductor manufacturing. The financial incentives comprise $90 million earmarked for enhancing a facility in ...

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Amazon Prevails in $270 Million Tax Dispute with the European Union

Amazon Prevails in $270 Million Tax Dispute with the European Union

On Thursday, Europe’s highest court ruled in favor of Amazon in a case where the European Commission had accused the U.S. e-commerce giant of receiving unlawful tax advantages. The European Court of Justice (ECJ) stated that the Commission, representing the EU’s executive branch, had failed to demonstrate that the tax ...

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