Japan to invest in domestic silicone chip factories
Japan will create a scheme to subsidise the construction of domestic chip factories
Under the scheme, Japanese companies will be eligible for the subsidies on the condition that they ramp up chip production in times of short supply.
The nation’s Prime Minister Fumio Kishida has pledged economic security, including the domestic output of semiconductors.
The government is likely to invest in a new chip plant to produce semiconductors for automobiles, camera image sensors and other products.
The production at the silicone chip factories are likely to start operations by 2024.
It comes as a global chip shortage hits a variety of sectors, plagued by the pandemic and supply chain bottle-necks.
Elon Musk and experts call for six-month pause on A.I.
The Future of Life Institute fears there may be potential risks to society
Elon Musk and a group of leading A.I. experts are calling for a six-month pause on developing systems, more powerful than OpenAI latest version of GPT-4.
The Future of Life Institute fears there may be potential risks to society.
In an open letter signed by some of the biggest and influential minds in tech, the Institute wants the pause so frameworks can be constructed to better handle A.I.
“Powerful A.I. systems should be developed only once we are confident that their effects will be positive and their risks will be manageable,” the open letter said.
British computer scientist Stewart Russell is a signatory to the open letter, and he explains what is occurring in the sector that scares him.
“With what is gestating in computer and research labs, is for general purpose A.I,” Russell declared recently. “A.I. that can do anything that the human mind can be turned to.
“Because of the enormous advantages machines have over humans, I expect general purpose A.I. will far exceed human capabilities in almost every dimension.”
Alibaba shares soar as company breaks into parts
Alibaba shares have soared as company executives announce a business shake-up
It’s been a good day for investors in Chinese tech giant Alibaba.
Shares in the company soared as executives announced a plan to break the business into parts.
Alibaba’s commerce leader says he will split the $220 billion empire into six individual units.
The major restructuring is the company’s biggest in 24 years.
Alibaba shares gained more than 14 per cent in New York and were up 13 per cent in Hong Kong.
The move follows reports Alibaba founder Jack Ma resurfaced in China this week after a long absence.
The units will have their own chief executives and boards of directors.
They will be allowed to raise capital and seek stock market listings.
Alibaba says the units will “capture opportunities in their respective markets and industries, thereby unlocking the value of Alibaba Group’s respective businesses”.
“The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready,” says chief executive Daniel Zhang. #trending #featured
Facial recognition has been used a million times by U.S. police
Controversial facial recognition has been used a million times by police to help track criminals
As facial recognition becomes more prominent, the founder of tech firm Clearview says his company has run nearly a million searches for U.S. police.
It’s also been revealed the company has scraped 30 billion images from platforms such as Facebook and Instagram, taken without users’ permissions.
The company has been fined numerous times in Europe and countries like Australia for breaches of privacy laws.
In the U.S., critics say the use of Clearview by authorities puts everyone into a “police line-up”.
The company’s high-tech system allows law enforcement to upload a photo of a face and find matches in a database comprising of billions of images it has collected.
It then provides links to where matching images appear online.
The tool is considered to be one of the world’s most powerful and accurate.
While the company is banned from selling its services to most U.S. companies, there is an exemption for police.
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