Singapore will invest more than 1 billion Singapore dollars (about $743 million) over the next five years for AI, said Finance Minister Lawrence Wong on Friday.
Category: Technology
Microsoft, Google, Amazon and tech peers sign pact to combat election-related deepfakes
A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation heading into the 2024 elections.
Coinbase shares surge after posting first quarterly profit in two years
Shares of cryptocurrency exchange Coinbase soared Friday after the company reported its first profit in two years.
Jeff Bezos sells more than $2 billion in Amazon stock for third time this month
The sale comes after two separate sales of about 12 million shares each.
Microsoft will bring four Xbox games to other companies’ consoles
Microsoft said Thursday that it will release four of its video games on competing consoles, signaling a shift in strategy.
Crypto venture funding climbs for first time in nearly 2 years after bitcoin’s stellar run
It marks the first time that venture VC investments in crypto startups have risen since the March quarter of 2022.
Trade Desk shares soar on revenue beat and strong guidance
Shares of The Trade Desk jumped over 18% on strong first-quarter guidance and a sales beat.
Toast will lay off 10% of its workforce, about 550 employees, as growth slows
Toast said it would lay off 550 employees, resulting in $45 million to $55 million charges, mostly in the first quarter.
Twilio begins operational review of activist-targeted business unit
Weeks after Khozema Shipchandler was made CEO, Twilio said it would begin an operational review of its Segment business, which has been scrutinized by activists.
SpaceX files to move incorporation site from Delaware to Texas
After a Delaware court ordered Tesla to rescind CEO Elon Musk’s $56 billion 2018 pay package, the billionaire plans to move SpaceX’s incorporate site to Texas.