The National Institute of Standards and Technology could fire as many as 500 staffers, according to multiple reports — cuts that further threaten a fledgling AI safety organization. Axios reported this week that the US AI Safety Institute (AISI) and Chips for America, both part of NIST, would be “gutted” by layoffs targeting probationary employees […]
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Amid a wave of heated debate over whether TikTok should be banned, another ByteDance product, Lemon8, has popped up and quickly climbed into the top 10 on America’s app stores. Lemon8’s sudden rise is reminiscent of TikTok’s early-day growth. At the time Vine had already pioneered short video sharing in the U.S., but TikTok took […]
With latest hit Lemon8, ByteDance again learns from the China playbook by Rita Liao originally published on TechCrunch
India’s central bank has halted its plans for a high-profile project intended to rival the nation’s dominant payment system, Unified Payments Interface. The project had attracted significant interest from a variety of major conglomerates, tech giants, and financial institutions, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI. The Reserve Bank of India had […]
India’s central bank abandons UPI rival project by Manish Singh originally published on TechCrunch
Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. This will be the lowest profit posted by the South Korean tech giant since 1Q 2009. The global macroeconomic slowdown, memory chip oversupply and sluggish demand […]
Samsung cuts memory chip production as it hits worst quarterly profit since 2009 by Kate Park originally published on TechCrunch
China has been a major sales driver for Tesla in recent times, thanks to the company’s aggressive price cuts. The country delivered 88,869 vehicles in March, according to fresh estimates from the China Passenger Car Association. That means more than half of the carmaker’s Q1 deliveries originated from its Shanghai factory. Tesla Q1 deliveries beat […]
Tesla China boss Tom Zhu named SVP as country sales boom by Rita Liao originally published on TechCrunch