Technology

S.Korea president announces record $19bn plan to boost chip industry
S.Korea president announces record $19bn plan to boost chip industry

South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country's crucial semiconductor industry. - Key sector - The plan will also create a "semiconductor ecosystem fund" worth a trillion won, which will support fabless companies and small and medium enterprises linked to the industry.

News Corp makes deal to let OpenAI use its content
News Corp makes deal to let OpenAI use its content

News Corp on Wednesday announced a deal to let ChatGPT-maker OpenAI use content from its publications in artificial intelligence products. Authors, artists, and news groups have been accusing OpenAI and its rivals in the generative artificial intelligence market of using copyrighted content for training models without asking permission or paying.

Nvidia profits soar on demand for AI power
Nvidia profits soar on demand for AI power

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.

AI dominates annual Paris startup event VivaTech
AI dominates annual Paris startup event VivaTech

Thousands of tech enthusiasts filed into Europe's self-declared biggest startup event VivaTech in Paris on Wednesday, with artificial intelligence stealing the show this year. Over four days, the event, now in its eighth year, will host more than 150,000 guests, 11,000 startups and 450 speakers, according to the organisers.

Apple appeals huge EU fine for music streaming restrictions
Apple appeals huge EU fine for music streaming restrictions

Apple is challenging a 1.8 billion-euro ($1.9-billion) fine by the European Union for thwarting access to information about cheaper music streaming services, an EU court said Tuesday. The commission said Apple prevented app developers from informing iOS operating system users about cheaper music subscription services available outside the App Store.