The US government has finalized its agreement with Taiwan Semiconductor Manufacturing Company (TSMC), awarding the company $6.6 billion in incentives under the CHIPS Act. TSMC, a key player in semiconductor production, will receive the first tranche of $1 billion by the end of this year, with plans for a $65 billion factory complex in Arizona. This investment aims to revitalize…
The European Union has taken a decisive step in shaping the future of artificial intelligence by releasing its first draft of regulatory guidance for general-purpose AI (GPAI) models. This draft, part of the broader AI Act that came into force in August, is designed to address the challenges posed by advanced AI systems and lay the groundwork for responsible AI…
DeepL, the German-based translation platform, has introduced DeepL Voice, a new tool enabling users to hear live translations in multiple languages. The feature, designed for real-time conversations and video calls, builds upon DeepL's longstanding reputation for delivering highly accurate and nuanced translations. As a new addition to the platform’s capabilities, DeepL Voice aims to enhance communication across language barriers, setting…
US shares surged to new record highs, and Bitcoin also reached an all-time peak, following Donald Trump's re-election win in a closely watched and historic presidential race. Investors flocked to stocks and cryptocurrencies, buoyed by Trump's economic policies that promised tax cuts and a tough stance on global trade. Wall Street Celebrates Trump’s Victory The major US stock indexes saw…
Microsoft CEO Satya Nadella has received a staggering 63% increase in his pay package, bringing his total compensation to $79.1 million for the fiscal year ending in June. This significant rise comes despite a turbulent year for the company marked by layoffs and multiple cybersecurity incidents. Share-Based Compensation Dominates Package According to recent regulatory filings, nearly 90% of Nadella’s compensation…
Dropbox has announced a major restructuring plan, laying off 20 percent of its global workforce, which translates to 528 employees. This marks the second round of significant layoffs in less than two years for the cloud storage giant, as it faces challenges stemming from both internal factors and broader economic trends. Layoffs and Severance Packages for Affected Employees In a…
TikTok Music is set to close its doors, announcing that all user accounts will be deactivated by November 28. This move follows the platform's attempts to leverage TikTok's massive user base into a music streaming service, which ultimately failed to gain traction in a competitive market. Users of TikTok Music will see their accounts and all associated data permanently deleted…
If you’ve been a Cash App user over the past six years, there’s a golden opportunity awaiting you. A proposed $15 million class-action settlement could allow eligible users to claim thousands of dollars following two significant security breaches. However, time is of the essence—claims must be filed by 2 AM ET on November 19. The first breach occurred in December…
Uber is reportedly exploring the acquisition of Expedia, one of the largest travel booking platforms globally. This potential takeover, first reported by the Financial Times, is still in the early stages, with no formal offer yet on the table. However, the implications of such a deal could be profound, marking Uber’s most significant acquisition to date. Valued at approximately $20…
Next week, Apple is set to unveil iOS 18.1, a groundbreaking update that promises to enhance hearing accessibility and introduce innovative features across its devices. The update, reported by reputable sources such as The Wall Street Journal and Tech Crunch, includes hearing aid functionality for the AirPods Pro 2 and introduces Apple Intelligence—a suite of AI-driven tools designed to improve…
