China has reportedly acquired minority stakes in the country’s big tech firms Tencent Holdings and Alibaba Group as it plans to tighten its oversight on online content. This comes after the government previously snapped up shares from TikTok’s owner ByteDance.
Amidst Chinese government warnings about cryptos, NFTs, and the Metaverse, Wuhan City joins a growing list of Chinese cities and provinces to go Metaverse. Metaverse interest in China spikes in spite of government warnings Despite persistent government warnings, we reported
Pick your metaverse Video game maker NetEase Inc. has taken out metaverse related trademarks, as has search engine company Baidu Inc. Huawei Technologies Co. has positioned itself as a metaverse corporation. Claiming that its networking equipment would serve as the
North Korean hackers integrate AI into cyberattacks, leveraging generative AI for phishing and social engineering, posing new challenges. Notably, the cybercriminals are using artificial intelligence (AI) as part of their strategy to steal technology and money for the nation’s covert
The Chinese Ministry of Industry and Information (MIIT) has assembled a team from universities and leading tech firms in that country to set up standards to support the development of the metaverse industry. The team has been mandated to build,
The International Olympic Committee (IOC) launched a metaverse experience for the winter youth Olympic Games (YOG) scheduled to be held in Gangwon, South Korea, later this month. The experience taps Gangwon-do province’s existing metaverse to offer fans different immersive and
Nvidia CEO Jensen Huang has pledged to prioritize the nation in distributing its highly sought-after Graphics Processing Units (GPUs). This responsibility, aimed at fostering Japan’s burgeoning AI industry, marks a crucial step in the global race for technological supremacy. Huang’s
A new study found there is no evidence to support the claim that increased use of the internet is harmful to mental health. At most, the link is “small,” researchers said this week. The study was conducted by researchers at
In a firm rebuttal to explosive claims of financial misconduct, SenseTime Inc. has strongly dismissed allegations of revenue inflation levied by the American short seller Grizzly Research. This high-stakes financial drama, which saw SenseTime’s shares take a steep 9.7% dive,
Nvidia’s shares experienced a 1% drop in extended trading on Tuesday despite reporting fiscal third-quarter results that significantly exceeded Wall Street predictions. This decline in Nvidia’s stock reflects investor apprehension about the potential impact of upcoming export restrictions on sales
In a recent move for the AI sector, the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has joined forces with two prestigious Chinese institutions. Their collaborative product, an Arabic-focused AI system named AceGPT, is reportedly poised
As the landscape of artificial intelligence (AI) continues to expand, the European Union (EU) stands at an intersection of opportunity and responsibility. With dominant AI models like OpenAI’s ChatGPT-4 making waves, there’s a pressing need for guidelines. As these discussions
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