All articles by Refna Tharayil
Refna Tharayil
Samsung apologises for weak Q3 2024 earnings amidst AI chip boom
For the quarter ended 30 September 2024, Samsung expects to report a consolidated operating profit of $6.64bn, falling short of analysts’ prediction of $7.65bn.
Ireland’s DPC probes Ryanair’s identity verification practices across EU
The investigation is intended to understand if the Irish air carrier’s data processing activities comply with GDPR.
Samsung set to report Q3 2024 profit gains despite lagging in AI market
For Q3 2024, Samsung’s operating profit is projected to be about $7.7bn, a significant rise from corresponding quarter of the prior year.
British digital bank Revolut criticises Meta over lack of fraud compensation
Revolut’s Consumer Security and Financial Crime Report claims that 62% of user-reported fraud on its online banking platform originated from Meta.
Google introduces ads in AI Overview search results feature
The search engine giant also revealed that it will expand the integration of shopping ads within Google Lens.
OpenAI secures $6.6bn from Microsoft, Nvidia, and others at $157bn valuation
This latest capital infusion comes as OpenAI accelerates its pivot to a for-profit business model.
UK, Singapore spearhead global efforts to drive resilience against ransomware attacks
A total of 39 countries endorsed the new guidance that asks organisations to report incidents to law enforcement bodies, while discouraging them from paying ransoms to cyber criminals.
UK government forms expert panel to lead digital transformation of public services
The newly-formed panel will advise on establishing a government ‘digital centre’ aimed at enhancing the efficiency of public services.
AI chip start-up Cerebras files for IPO after tripling revenue in 2023
Cerebras is a direct beneficiary of the continued strong demand for AI chips.
California Governor Newsom vetoes AI safety bill amid industry concerns
Following the veto, Democratic State Senator Wiener argued that the latest decision made California less safe and criticised reliance on voluntary commitments from the AI sector.