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Intel warns of two-year chip shortage

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CEO Pat Gelsinger has warned the worst of the global chip crisis is yet to come, after Intel reported flat revenues for 2021.

The chip shortage, caused by a combination of the pandemic, global supply shortages and poor relations between the US and China is likely to last well into 2023, according to Gelsinger.

The company reported a slight two percent YoY revenue rise for the second quarter of the year, from $18.2 billion to $18.5 billion. It forecasts a 5.4% revenue increase for Q3, as well as a modest full-year growth of one percent to $73.5 billion. 

What is big tech doing?

Intel is set to announce the construction of new semiconductor factories in Europe and the US, after the Biden administration announced $52 billion of infrastructure spending to combat the shortage.

The firm’s recently embarked upon IDM 2.0 strategy combines internal manufacturing capacity with the use of third-party producers, which positions the company to weather the challenges and build a more resilient supply chain.

Roughly 25% of Intel’s revenue is tied up in China, which Gelsinger says has “an insatiable thirst for technology that helps them digitise their economy”.

He said he hoped that Intel could be “as influential as possible” in bringing back good relations between the US and China.

In its roadmap to 2025, Intel also announced a move to smaller, more powerful semiconductors to combat chip shortages

The company aims to move away from naming its chip tech using nanometres – which they originally used to name the small spaces between transistors, but has since become a marketing term.

“It’s a lot of years since we were actually measuring physical dimensions,” says Gelsinger, acknowledging that the “industry has drifted away from how Intel looked at it.”

“It’s a new era of 3D structures and atomic level devices,” he says, citing new architecture and power delivery networks that he hopes will drive the firm forward in the coming decade.

find out more about the global chip shortage here

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Breakthrough app detects sleep issues in the blink of an eye

OptAlert launches free iPhone test for detecting sleep issues, utilising AI to screen for obstructive sleep apnea with high accuracy.

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Optalert launches free iPhone test for detecting sleep issues, utilising AI to screen for obstructive sleep apnea with high accuracy.

In Short

Australian company Optalert has launched a free iPhone app, Owl Eye, that detects sleep issues by analysing users’ blink patterns and screening for obstructive sleep apnea with 96.6% accuracy. The app is currently available in Australia and New Zealand, with plans for wider release.

Australian company Optalert has introduced a free iPhone test for detecting sleep issues.

The app differs from traditional sleep trackers by assessing users while awake, requiring only ten minutes to complete.

It focuses primarily on screening for obstructive sleep apnea (OSA) and is backed by data from leading Australian sleep laboratories.

An AI-based algorithm, developed from this data, classifies individuals with a remarkable 96.6% accuracy regarding OSA.

Optalert is currently pursuing regulatory certification to operate as a medical device across various regions, including the US, Europe, and China.

The app functions by analysing users’ blink patterns during a concentration task facilitated by the iPhone’s camera, disregarding video content to ensure privacy.

This technology helps identify impairment due to insufficient oxygen during sleep.

Those receiving a positive result can seek further diagnosis and treatment for their sleep issues.

The app, named Owl Eye, is currently available on the Apple App Store in Australia and New Zealand, with plans to expand its reach shortly.

Paul Zubrinich, Chief Marketing Officer of Optalert provides his involvement with the app and shares insights on the technology behind Owl Eye.

In the broader context of sleep technology, the trend indicates increasing accessibility to personal health data previously confined to clinical settings, promising advancements in sleep health.

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World leaders, CEOs gather at Paris AI summit

World leaders and CEOs converge at Paris AI summit to discuss advancements and the future of technology.

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World leaders and CEOs converge at Paris AI summit to discuss advancements and the future of technology.

In Short

World leaders and CEOs met in Paris to discuss the rapid advancements and implications of artificial intelligence. The summit focused on collaboration, ethical guidelines, and strategies to prepare for an AI-driven future.

World leaders and CEOs convened in Paris at an AI summit to discuss the rapid advancements in artificial intelligence.

The event brought together key figures from various sectors to explore the implications of AI technology.

Topics of discussion included the potential benefits of AI, regulatory frameworks, and ethical considerations around its deployment.

Participants highlighted the need for collaboration between governments and the private sector to harness AI responsibly.

The summit aimed to foster dialogue on the challenges and opportunities presented by AI advancements.

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OpenAI rejects Musk’s $97.4 billion takeover bid

OpenAI’s Sam Altman rejects Musk’s $97.4 billion bid, calling it competitive, as tensions rise with conflicting interests.

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OpenAI’s Sam Altman rejects Musk’s $97.4 billion bid, calling it competitive, as tensions rise with conflicting interests.

In Short

OpenAI has rejected Elon Musk’s $97.4 billion takeover bid, viewing it as a competitive strategy. The company’s CEO, Sam Altman, and its board members, including Bret Taylor, have ongoing rivalries with Musk amid broader industry dynamics.

OpenAI has officially rejected Elon Musk’s $97.4 billion takeover bid.

Sam Altman, CEO of OpenAI, described Musk’s offer as a competitive strategy rather than a genuine acquisition attempt.

The board of OpenAI, which manages both its nonprofit and for-profit sectors, has not received any formal communication regarding the bid from Musk.

Currently, OpenAI is in the process of raising a funding round that could elevate its valuation to $300 billion, nearly double its previous worth.

A notable point of contention arises from Bret Taylor, former chairman of Twitter, who now oversees OpenAI’s board and has previously had disagreements with Musk over the Twitter acquisition.

In response to the takeover bid, Altman light-heartedly remarked on social media: “No thank you, but we’ll buy Twitter for $9.74 billion if you want.”

This exchange highlights ongoing rivalries in the tech sector and the strategic manoeuvres of influential figures like Musk and Altman.

As the landscape continues to evolve, it remains to be seen how these developments will impact both OpenAI and Musk’s future endeavours.

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