Iran repels massive cyberattack on infrstructure
Iran managed to fight off a major cyberattack on its infrastructure over the weekend, Behzad Akbari, the head of the country's Telecommunication Infrastructure Company and deputy minister for Information and Communications Technology, said on Monday."By God's grace and the efforts of the security and technical teams of the Telecommunication Infrastructure Company and the Ministry of Communications, yesterday, one of the most...
Huawei said to be developing new AI chip
Huawei Technologies Co. Ltd. is working on its new artificial intelligence chip and looking to test its feasibility with the help of some of China's major tech companies, the Wall Street Journal reported on Sunday, citing people familiar with the matter.According to the report, Huawei hopes the newest in the series of its Ascend AI processors, Ascend 910D, will be more powerful than Nvidia's H100. The report also stated that more than 800,000 of the previous versions...
Alphabet CEO's 2024 compensation at $10.7M
Alphabet Inc. revealed in the annual proxy statement on Friday that the company's Chief Executive Officer Sundar Pichai received an annual compensation of $10.7 million in 2024. The figure was almost $2 million higher than Pichai's compensation from the previous year.The total compensation includes an annual base salary of $2 million, unchanged from 2023, stock awards of $405,630 and $8.3 million for personal security.The company clarified that "due to...
Tesla jumps 10% as US loosens rules on carmakers
Tesla Inc. stock jumped more than 10% on Friday following the US Transportation Department's announcement to relax certain regulations, enabling American car manufacturers to accelerate their autonomous vehicle deployment. The revised regulations permit exceptions from specific federal safety testing protocols, while reporting requirements for autonomous driving systems will be simplified.Further, Tesla Inc.'s India office is refunding early Model 3...
Hitachi Energy to invest $22.5 million in Virginia
Japan's Hitachi Energy, Ltd. will invest $22.5 million to enhance its existing operations in Bland County and establish a new warehouse facility in Atkins, Virginia Governor Glenn Youngkin revealed Friday. The project is expected to generate 120 new jobs.The company will allocate $12.5 million to modernize its Bland facility, creating 80 new jobs, Hitachi Energy confirmed in a press release. The upgrades will boost manufacturing capacity and enhance assembly...
Meta to deploy Llama aboard ISS National Lab
Meta Platforms Inc. announced on Friday that its open source AI model, Llama, will be aboard the International Space Station (ISS) National Laboratory.In collaboration with Booz Allen Hamilton, Meta deployed a fine-tuned version of Llama 3.2 to help astronauts with low-orbit scientific research. Lower costs and adaptability, using numerical values in decision-making, are just some of the helpful components in a setting like ISS National Laboratory, where...
Bitcoin at highest in two months, exceeds $95,000
Bitcoin traded with gains on Friday, reaching its highest price since late February. The world's biggest cryptocurrency has followed an upward trajectory after a crash caused by wider trade uncertainties earlier this month. It is now up over 8% in a month and has appreciated 42.4% in six months.Bitcoin rose by 1.32% to sell for $95,256.26 at 10:44 am ET. Meanwhile, Ethereum added 0.78% and went for $1,784.48.
Apple might move US iPhone assembly to India
Apple Inc. is looking to produce all of its iPhones for the United States market in India as soon as 2026, the Financial Times reported on Friday, citing sources with knowledge of the matter.According to the sources, the move is a part of the tech company's plan to expand its supply chain away from China, due to Washington and Beijing's shaky relations.If the plan succeeds, more than 60 million iPhones will be manufactured in India annually by next year.
China supposedly removes some tariffs on US-made chips
The Chinese authorities have "quietly" pulled back retaliatory tariffs on certain semiconductors produced in the United States, CNN reported on Friday, citing three import agencies in Shenzhen.According to the agencies, they were informed about the exemptions late on Thursday. The decision hasn't been announced officially yet. China's General Administration of Customs and the customs offices in Shenzhen and Zongshan both told CNN they were unaware...
Banco BPM declines UniCredit takeover offer
Banco BPM, Italy's third-ranked lender, officially declined a merger proposal from its larger competitor UniCredit on Thursday, stating that the proposed valuation was "totally inadequate and incorrect" and would disadvantage its investors in the merged organization."We find it really quite awkward that already three of the conditions UniCredit has included in their offer have not been fulfilled," Banco BPM Chairman Massimo Tononi told a conference call to...
