Amazon launches generative AI tool to answer shoppers’ questions

Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Florida, on Sept. 26, 2023. Joe Raedle | Getty Images Amazon is rolling out an artificial intelligence tool that can answer shoppers’ questions about a product, a spokesperson confirmed, as the company continues to experiment with generative AI. The new … Read more

OpenAI quietly removes ban on military use of its AI tools

Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Chris Ratliffe | Bloomberg | Getty Images OpenAI has quietly walked back a ban on the military use of ChatGPT and its other artificial intelligence tools. The shift … Read more

Pentagon awards satellite contracts to L3Harris, Lockheed, Sierra Space

Lockheed Martin’s Tranche 0 Transport Layer satellites are seen in one of the company’s processing facilities. Lockheed Martin The Pentagon on Tuesday announced about $2.5 billion in contracts will go to L3Harris, Lockheed Martin, and Sierra Space to build satellites for an expanding military system. The U.S. Space Force’s Space Development Agency is having the … Read more

AMD shares rise jump 7% and head for highest close since 2021

Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023. David Becker | Getty Images AMD shares rose more than 7% on Tuesday to their highest since reaching a record in November 2021, on optimism that the company’s artificial intelligence … Read more

Microsoft CEO Satya Nadella says global consensus on AI is emerging

Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.  Denis Balibouse | Reuters Microsoft CEO Satya Nadella said Tuesday he sees global consensus emerging when it comes to artificial intelligence, and that, even though regulatory approaches … Read more

2023 rebound and heavy M&A

A long exposure photo shows the company’s fourth Alpha rocket mission launching from California’s Vandenberg Space Force Base on Dec. 22, 2023. Sean Parker / Firefly Aerospace Investment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday by New York-based Space Capital. “Investment … Read more

24 companies sign open letter saying Big Tech isn’t respecting EU DMA

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. Justin Tallis | AFP via Getty Images A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with … Read more

Synopsys to acquire Ansys in $35 billion graphics software deal

Ajei Gopal, CEO, Ansys Scott Mlyn | CNBC Semiconductor design and software firm Synopsys on Tuesday announced it would acquire Ansys, a engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion. Synopsys will pay consideration of roughly $390 per share: $197 per-share in cash and roughly one-third of a … Read more

Amazon Microsoft, Meta accused of not respecting EU DMA laws

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. Justin Tallis | AFP via Getty Images A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with … Read more

Ripple CEO calls U.S. SEC Chair Gary Gensler a ‘political liability’

Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023. Joseph Nair | Bloomberg | Getty Images Ripple CEO Brad Garlinghouse fired off criticism at U.S. Securities and Exchange Commission Chairman Gary Gensler on Tuesday, calling the SEC chief a “political liability” amid an … Read more