The post Meta debuts newest Llama AI model with help from Nvidia and cloud partners appeared first on https://finiq.vipp=1251 Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, according to a person familiar with the matter who said a deal is expected to close “soon.” Wiz was founded in 2020, and has grown at a rapid clip under …

The post Google in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal appeared first on https://finiq.vipp=1216 The U.K. is the No. 1 country in Europe for tech by many accounts. In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report from Dealroom and HSBC Innovation Banking. It’s the No. 1 …

The post Inside Europe’s tech hubs: Does London have what it takes to remain No.1? appeared first on https://finiq.vipp=1214 AMSTERDAM — The financial technology industry is embracing a new normal — with some industry executives and investors believing the sector has reached a “bottom.” Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations …

The post Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say appeared first on https://finiq.vipp=1212 LONDON — British technology executives and entrepreneurs want the next government to focus on promoting skills around the development and use of artificial intelligence and growth-oriented fiscal measures. Brits are set to head to the polls on July 4. The …

The post UK tech bosses urge focus on AI skills and growth in high-stakes election – no matter who wins appeared first on https://finiq.vipp=1210 Tech investments in Europe are reportedly in bloom after a long fallow period. This turnaround is the subject of a report Monday (June 3) by the Financial Times (FT), which noted that deal making has picked-up at early stage companies, …

The post EU Tech Investment Blossoms After Two-Year Drought appeared first on https://finiq.vipp=1208 European Union member states on Tuesday agreed the world’s first major law for regulating artificial intelligence, as institutions around the world race to introduce curbs for the technology. The EU Council said that it reached final approval for the AI …

The post World’s first major law for artificial intelligence gets final EU green light appeared first on https://finiq.vipp=1207 SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended in March, the first time the flagship tech investment arm has been in the black since 2021. For the full fiscal year, …

The post SoftBank Vision Fund posts first annual gain in 3 years, $4.6 billion appeared first on https://finiq.vipp=1202 Researchers at MIT CSAIL and Project CETI believe that they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning technologies. Results from the study, which were published under the title, “Contextual and Combinatorial Structure in Sperm Whale …

The post Sperm whale ‘alphabet’ discovered, thanks to machine learning appeared first on https://finiq.vipp=1198 Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” on Monday, Stewart said 10 to 15 more tech companies could go …

The post Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a ‘better year’ in 2025 appeared first on https://finiq.vipp=1196 Japanese tech conglomerate SoftBank is looking to develop a “world-class” Japanese-language-specific generative artificial intelligence model, and plans to invest $960 million in the next two years to bolster its computing facilities, according to a Nikkei report.  Training of large language models (LLM), such as OpenAI’s Chat GPT, requires …

The post SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia’s chips appeared first on https://finiq.vipp=1191 A top Amazon executive told CNBC Thursday that it’s a “myth” that robots and other technologies take jobs away from people. Stefano La Rovere, director of global robotics, mechatronics, and sustainable packaging at Amazon, said that, rather than replacing jobs, advanced robotics, …

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