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Tech

Seoul reveals metaverse public project

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Seoul Metropolitan Government has jumped on the metaverse bandwagon, finally revealing its first public project.

The newly-launched metaverse will be a place of communication for the citizens of the South Korean capital.

It will also allow the citizens to virtually go to any tourist attraction, access official documents, file complaints, and request answers on municipal tax filings.

The first phase of the metaverse project has cost almost $1.6 million.

The second phase of this project will focus on the senior citizens, who’ll have difficulties traveling back and forth for different office purposes.

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Decentralisation is positioned to redefine internet infrastructure

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Depin technology is empowering users, allowing individuals to own, store, and curate their own data.

Depin is redefining how the internet operates by decentralising physical infrastructure, enabling users to own, store, and control their data.

This groundbreaking approach utilises decentralised nodes to enhance speed, security, and resilience while reducing dependence on centralised providers.

The technology offers a user-powered network that removes the vulnerabilities inherent in traditional centralised systems, addressing issues like outages and censorship.

By creating a decentralised ecosystem with over 13,500 nodes globally, it builds a more robust and accessible internet experience.

The concept borrows principles from blockchain and cryptocurrencies, enabling individuals to participate directly in network management.

CEO and co-founder of Influx Technologies, Daniel Keller, joins to discuss the transformative data technology.

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US allocates $1.5 billion for GlobalFoundries chip expansion

US finalizes $1.5 billion chip subsidy for GlobalFoundries to boost production in New York and Vermont amid broader $52.7 billion initiative.

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The U.S. Commerce Department has finalised a $1.5 billion subsidy for GlobalFoundries to expand semiconductor production in New York and Vermont.

 

 

This contract follows a preliminary award revealed in February, tied to GlobalFoundries’ commitment to invest $13 billion in U.S. manufacturing over the next decade.

The expansion will enhance GlobalFoundries’ facility in Malta, New York, incorporating advanced technologies used in its Singapore and German sites. This upgrade will enable the production of chips primarily for the automotive industry.

New York state will contribute an additional $550 million for the project. GlobalFoundries also plans to establish a new fabrication plant in Malta to produce chips catering to automotive, AI, aerospace, and defence markets.

GlobalFoundries CEO Thomas Caulfield emphasised the importance of these chips for U.S. economic stability, supply chains, and national security. He stated the funding is essential for meeting customer needs for American-made chips.

This award is part of the broader “Chips and Science” program, which has allocated $52.7 billion for semiconductor projects. Recently, a $6.6 billion subsidy was awarded to Taiwan Semiconductor Manufacturing Company’s U.S. operations.

Other significant allocations include $6.4 billion for Samsung in Texas, $8.5 billion for Intel, and $6.1 billion for Micron Technology.

On another note, GlobalFoundries faced a $500,000 penalty for unauthorised chip shipments to a Chinese affiliate, for which they expressed regret.

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Instagram introduces feature to reset content recommendations

Instagram introduces feature to reset content recommendations, allowing users to refresh algorithmic feeds in just a few clicks.

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Instagram will soon allow users to reset their personalized content recommendations entirely.

 

 

This new feature is set to roll out globally, providing users a way to clear algorithmic content in Feeds, Explore, and Reels.

Meta, Instagram’s parent company, emphasizes its commitment to creating safe experiences on the platform, particularly for teen users.

The aim is to help users, especially younger ones, adjust their Instagram experience to better reflect their changing interests.

Users can clear their recommendations in just a few taps, allowing the algorithm to start personalizing content anew based on future interactions.

Additionally, before resetting, users will have the option to review their current accounts and decide on unfollowing accounts, aiding in the formation of new recommendations.

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