TECHNOLOGY

China's Alibaba To Invest $50 Bn In AI, Cloud Computing

Alibaba and other tech giants have enjoyed a revival in recent months, after being hit by a long-running government crackdown
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.

Spotify Adds More AI-generated Audiobooks

Spotify says opening its platform to audiobooks narrated by digital voices instead of humans makes it more affordable for authors to sell such versions of their works
Spotify on Thursday began accepting audiobooks narrated by digital voices created by artificial intelligence software firm ElevenLabs, pitching it as a cost-effective option for authors.
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Paris' Grand Palais will be the scene for the two-day gathering

Paris Summit Grapples With Real-world Impact Of AI

Artificial intelligence (AI) risks reinforcing gender disparities rather than immediate widespread job destruction, the International Labour Organization chief said Monday as a summit of national leaders and tech bosses opened in Paris.
OpenAI has made Europe a priority in its expansion of physical offices around the world, with sites in Paris, Brussels and Dublin

OpenAI Says To Host Some Customers' Data In Europe

ChatGPT developer OpenAI said Thursday that it would allow some European customers to store and process data from conversations with its chatbots within the European Union, rather than on its infrastructure in the United States or elsewhere.
For the full year 2024, Amazon's net income jumped to $59.2 billion from $30.4 billion in 2023

Big Tech's AI Spending Rattles Markets

E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs.
Google has dropped initiatives aimed at making its workplace demographics better represent its diverse range of users, citing recent US presidential actions and court decisions

Google Halts Workplace Diversity Push

Google parent company Alphabet has stopped making diversity and inclusion a workplace priority, according to a filing Wednesday with US regulators.
Meta, the parent company of Facebook, Instagram, and WhatsApp saw its net income soar 59 percent to $62.36 billion in 2024

Meta Posts Big Profit, Aims To Take AI Lead

Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead.
Four years ago, Donald Trump was kicked off Facebook -- this time around, Meta's policies are more likely to please conservatives

Big Tech Rolls Out The Red Carpet For Trump

Tech leaders continue to fall in line around Donald Trump, with Facebook's announcement that it would end its US fact-checking program the latest victory for the president-elect and his billionaire advisor Elon Musk.

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