Microsoft's February launch of AI-powered Bing aimed to snatch market share from Google, targeting a 1% gain. However, by July, Bing's global market share stagnated at 3%. Even with generative AI chat providing direct conversational responses, user habits remain solid with Google. Although Bing's user base rose by 10% post-launch, reaching 98 million, it pales beside Google's 1.12 billion. Microsoft reports gains in mobile searches and Edge browser usage but doesn't share specifics. Google responded with its own AI initiatives, suggesting a growing AI search war.
Global smartphone shipments in 2023 are predicted to decline 6% year-over-year, marking the worst year in over a decade. Economic challenges in China and waning demand in the US contribute to the downturn. However, Apple seems poised to weather this storm, thanks to its upcoming iPhone upgrades and a loyal user base.
Microsoft will close the Xbox 360 Store and Marketplace on July 29th, 2024. Existing digital games remain playable, but no new purchases will be possible.
Tesla intends to launch an in-house “Tesla Rental Program”, initially targeting collision centers in Texas.
Apple's new patent suggests using liquid lenses to address VR's prescription lens challenges, potentially revolutionizing headset designs.
David Ferrucci, the mind behind IBM Watson, secured $60 million for his AI venture, Elemental Cognition. The New York-based startup aims to create AI that deliberates before responding and offers two enterprise products for various industries.
ProjectDiscovery secured $25 million for its vulnerability-detection platform, planning a cloud version. Its strength lies in a 60,000-strong open-source community.
env0 completes $18.1M Series A, totaling $35.1M. The firm saw a 450% growth in 2022, drawing clients like PayPal.
Gartner's 2023 Hype Cycle highlights Generative AI atop its peak of inflated expectations. Melissa Davis, VP Analyst, underscores emerging tech's transformational potential and the inherent risks and rewards. Key tech trends include enhancing the Developer experience (DevX), the rise of pervasive cloud computing, and human-centric security and privacy, each promising significant business innovation.
New York's Insight Partners has funneled $4 billion into AI startups in five years. George Mathew, a pivotal partner, emphasizes generative AI models' potential to overhaul software. Insight's investment in Weights & Biases crowned the latter a unicorn shortly after a Series C raise. While slowing their 2023 funding pace, the firm predominantly directs funds from its sizable recent funds, emphasizing machine-learning operations and next-gen generative AI applications.
Microsoft CEO Satya Nadella compares artificial intelligence's influence to the internet's revolutionary effect in 1995. Microsoft's collaboration with OpenAI strengthens its AI stance.
NYC-based AI startup Arthur introduces Arthur Bench, an open-source tool to assess and compare large language model (LLM) performances. Bench aids in distinguishing LLM behaviors and effectiveness, assisting enterprises in informed AI adoption decisions.
China's Lenovo Group reported a 24% revenue decline for April-June, marking its fourth consecutive quarterly sales drop. Q1 revenue landed at $12.9 billion, missing the anticipated $13.84 billion. Following the announcement, Lenovo's shares dropped 6% in Hong Kong.
Despite a 21% rise in revenue to €739.1mn, Adyen's earnings fell short of analyst expectations of €754mn. The stock saw a 33% drop after a hiring spree amid slowing economic growth and heightened competition, especially from US-based rivals like Stripe.
Researchers have debunked the initial claims about LK-99 being a room-temperature superconductor. It was previously believed that LK-99, a compound comprising copper, lead, phosphorus, and oxygen, showcased superconductivity properties at ambient conditions. However, in-depth studies revealed that the observed characteristics were due to impurities, especially copper sulfide, rather than intrinsic superconductivity.