Samsung invests in computer chip future, with new plant in Texas
Samsung is planning to build a $17 billion dollar semi-conductor factory in Texas
The announcement from the tech giant comes amid a global shortage of chips that are used in phones, cars and other electronic devices.
Texas’ Governor, Greg Abbott says it’s the “largest foreign direct investment in the state of Texas, ever.”
The Texas plant will begin construction next year and hopes to begin operations in the second half of 2024.
The South Korean electronics giant chose the site based on a number of factors, including government incentives and the “readiness and stability” of local infrastructure.
The global chip shortage was kicked off by COVID shutdowns, which have hampered production of new vehicles and electronic devices for more than a year.
It’s also emerged as a serious US national-security concern.
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.
Why Trump’s historic indictment won’t dampen his support
Football clubs like Manchester United are getting more expensive
‘Let him go’: Biden calls out Russia over reporter spy arrest
Crypto.com accidentally transfers $10.5m to woman instead of $100
What is happening between SHIB and Vitalik? | TICKER VIEWS
Russia has cancelled itself. But the world should beware of poking the Russian bear￼
Business2 days ago
Disney trumps DeSantis with legal loophole
Business2 days ago
The Power of Play
World2 days ago
UN vote called ‘epic’ win for climate justice
World1 day ago
Two Black Hawk helicopters collide in Kentucky
World1 day ago
Mass Casualty Commission delivers assessment of 2020 tragedy
Insight2 days ago
Industry advancements of wearable tech boosting health
World1 day ago
Li Qiang: “China can be an ‘anchor for world peace’
Insight1 day ago
Warehouse automation set to undo pandemic slowdown