THE The Biden administration The United States has announced a new rule on exports of foreign semiconductor manufacturing equipment to China. The new rule, expected to be unveiled in September, will strengthen the United States’ authority to stop exports of semiconductor manufacturing equipment from certain foreign countries to Chinese chipmakers. However, shipments from key allies such as Japan, the Netherlands and South Korea would be exempt, according to reports. thus limiting the impact of the rule.
The upcoming presidential election puts artificial intelligence (AI) policy in the spotlight, with Kamala Harris And Donald Trump offer Contrasting views on AI regulation and safety.
The U.S. Senate is expected to pass a bill aimed at protecting children from harmful online content, marking the first major effort by Congress in recent years to prevent tech companies from posting content online. responsible for the impact of their platforms.
THE United Arab Emirates reportedly ended meetings between the Emirati artificial intelligence company G42 and members of the US Congress following concerns over the potential technology transfer to China.
Profit results
Microsoft Corp MSFT reported fourth-quarter revenue of $64.7 billion, up 15% from a year earlier. Total revenue beat the consensus estimate of $64.36 billion. The company reported fourth-quarter earnings of $2.95 per share, beating estimates by 15% from a year earlier. Street consensus estimate of $2.92.
Meta Platforms Inc. META reported second-quarter revenue of $39.07 billion, beating analysts’ estimates of $38.31 billion. The company reported second-quarter adjusted earnings of $5.16 per share, beating expectations analysts estimate $4.73 per share.
Apple Inc. AAPL reported third-quarter results that beat expectations and incomes that have increased year after year and arrived ahead of street expectations.
Social media and marketplace
The U.S. Department of Justice has filed charges against Tick Tockalleging that the social media platform collected data on its users’ opinions on sensitive topics such as Gun Control, Abortion, and Religion.
The U.S. Consumer Product Safety Commission (CPSC) has ruled Amazon Inc. AMZN responsible for recalling more than 400,000 products, including defective carbon monoxide detectors, hair dryers without shock protection and children’s sleepwear violates federal flammability standards.
Amazon revealed a shift in consumer preferences towards lower-priced items and everyday essentials, leading to a decline average selling price (ASP).
Games
THE East Asian Gaming Market is expected to experience a slight slowdown in 2024. According to the latest report from Niko Partners, the market, which generated $30.1 billion in 2023, is expected to contract by 2.9%, translating into an estimated growth of $29.2 billion. in income for the coming year.
Monday marks the end of an era for Microsoft Xbox fans have officially shut down the Xbox 360 Marketplace. Launched in November 2005 alongside the Xbox 360 console, the digital store has become a beloved hub for gamers around the world, offering a wide range of video games, add-ons and other content.
Read: Xbox at Gamescom 2024: Three days of live streaming
Microsoft Activision has released a detailed study examining the effects of skill-based matchmaking (SBMM) in Call of Duty: Modern Warfare 3, revealing that adjusting the algorithm significantly impacts player retention.
Microsoft CEO Satya Nadella said the company’s gaming platforms have crossed the The 500 million monthly active users mark.
Warner Bros. Discovery Inc. JMD Warner Bros. Games has lifted the veil on the highly anticipated Harry Potter: Quidditch Champions with the release of its ““Welcome Students” Pre-Order Trailer.
Read: The best PS5 and PS4 game deals before the PlayStation sale ends on August 14
Electronic Arts Inc. EA CEO Andrew Wilson remains confident that the video game company will feel minimal impact in the short term the recent SAG-AFTRA strike.
Smartphones
Apple unveiled the first set of features of its new artificial intelligence system, Apple Intelligence, in the iOS 18.1 developer beta, ahead of its upcoming third-quarter results.
Apple CEO Tim Cook continues to remain silent on the details of the “trade deal” between its company and ChatGPT-parent OpenAI.
Technology
According to anonymous sources, Jensen Huang‘s Nvidia Corp. NVDA teamed up with Inspire, a major distribution partner in China, to launch and distribute the new chip, provisionally named “B20.“
To attract creators and integrate AI into its consumer products, Meta-platforms introduced a feature that allows users to create AI chatbots personalized to their profiles.
Microsoft would have issued a warning to millions of Windows 11 users about the importance of data backup.
Advanced Micro Devices, Inc. AMD CEO Lisa Su acknowledged the company’s underrepresentation in the PC market, but expressed confidence in its product positioning.
Alphabet Inc.‘s GOOGLE GOOG Google introduced new measures to combat the spread of explicit pornography deepfake content in its search results.
Intel Corp. INTC has decided to offer an extended warranty for its 13th and 14th generation processors, which have been plagued by stability issues. The move is aimed at alleviating customer dissatisfaction, as Tech giant faces technical difficulties.
Artificial Intelligence (AI)
THE European UnionThe groundbreaking Artificial Intelligence Act (AI Act), legislation aimed at regulating artificial intelligence, officially goes into effect today, bringing significant changes Changes for US tech giants.
In an episode of The Brainstorm released Wednesday, Cathie Wood-directed ARK Invest Sam Korus And Nick Grous explored the growing energy demands triggered by proliferation electric vehicles and AI data centers.
OpenAI announced the rollout of its advanced voice mode to a select group of ChatGPT Plus users, promising more natural, real-time conversations conversations and emotional reactivity.
Meta CEO Mark Zuckerberg said his company’s $405 billion model, Llama 3.1, offers “better cost-performance” than leading closed-end models, possibly referring to OpenAI’s ChatGPT.
Meta-platforms has been criticized for its AI assistant’s false denial of the Trump assassination attempt. However, the company finally addressed the problem.
Microsoft revealed that its AI-based development tool, Co-pilotplayed an important role role in GitHub increase in income.
Japanese snacking giant Calbee Inc. CBCFF partners with Silicon Valley-based company Pegasus Technology to integrate AI into their snack production process.
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