China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.
Funding
NASA Awards Over $10 Million to 7 Companies for Mars Sample Return Mission Studies
NASA has awarded seven companies a $1.5 million contract each to develop plans and strategies for the restored Mars Sample Return mission.
Ex-Tesla Board Member Criticizes Increase in Elon Musk's Salary
Former Tesla board member and clean technology venture capitalist Steve Westly said that he is siding with current board members plotting a coup against the move to increase Elon Musk’s pay package to $56 billion.
JPMorgan to Expand Use of AI Tool 'Moneyball' to Enhance Investment Decisions
JPMorgan will expand the use of its generative AI tool "Moneyball" later this year to help portfolio managers make better investment decisions and avoid mistakes.
Saudi Arabia Funds China's AI Startup to Compete With OpenAI
A Saudi Arabian fund has become the sole foreign investor in China's generative artificial intelligence sector, supporting the country's efforts to rival industry leader OpenAI.
Latest News
Hong Kong-listed shares of Alibaba dropped more than 5% on Thursday after news broke that the Chinese e-commerce giant was considering issuing convertible notes to get $5 billion.
Melinda French Gates revealed that she left the Gates Foundation to focus on empowering women leaders and combating tech's male-dominated culture, drawing from her four decades of experience at Microsoft and Pivotal Ventures.
Pfizer has announced a multi-year cost-cutting program focusing on operational efficiencies, network structure changes, and product portfolio enhancements, aiming to save $1.5 billion by 2027 amidst declining COVID-19 vaccine sales.
China will invest billions in the Cyberspace Administration's language model, based on Xi Jinping's ideology. They boast that it is more "secured and reliable" as ChatGPT remains inaccessible in China.
Peloton Interactive Inc. will reportedly undertake a "global refinancing" to resolve its debt and recover from a recent sales dip.
Princess Kate's major involvement in the Royal Foundation Business Taskforce for Early Childhood's recent report urging British businesses to invest in early childhood did not indicate a return to public duties and engagements after her cancer diagnosis, Kensington Palace said.
The Supreme Court has upheld the Consumer Financial Protection Bureau (CFPB) 's funding mechanism despite a challenge from conservative groups, ruling 7-2 in favor of the agency's funding structure.
The OpenAI Startup Fund has successfully raised an additional $5 million. The OpenAI Startup Fund has successfully raised an additional $5 million, according to a filing with the US Securities and Exchange Commission (SEC).
Anthropic will expand its generative AI assistant Claude to Europe while continuing to get funding from the continent.
