All articles by Refna Tharayil
Refna Tharayil
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.
CMA ends probe into $4bn partnership between Amazon and Anthropic
The partnership allows Anthropic and Amazon to collaborate on honing the latter’s future Trainium and Inferentia AI chipsets.
Intel turns down Arm’s attempt to acquire product division
It is not clear whether the talks between the parties about the products division are abandoned or are still going on.
Accenture’s Q4 FY24 earnings exceed estimates, driven by Gen AI technology
The company posted revenues of $16.4bn in the reported quarter, marking a 3% increase compared to the corresponding quarter of the prior fiscal year.
Micron Technology’s shares rise on $8.7bn revenue forecast for Q1 FY25
The US chip company’s net income for Q4 FY24 increased to $887m against a loss of $1.43bn in the corresponding quarter of the previous fiscal year.
DSIT announces funding boost for UK semiconductor scale-ups to drive domestic chip industry
A new report by Perspective Economics revealed that the UK’s semiconductor industry is valued at around £10bn and will reach up to £17bn by the end of 2030.