Author: Zech
Seven months after launching a restructuring program focused on artificial intelligence (AI), SAP on Monday said it was raising its 2025 operating profit target to reflect the efficiency gains it expects from the program. “We continued to execute our transformation program with strict discipline in rehiring only those with the skill sets we needed,” SAP CEO Christian Klein said during the company’s quarterly earnings call on Monday. “As you can see, we are scaling up our program. That’s why we can announce an increase in our Ambition 2025 bottom line of around 200 million euros.” In its earnings report on…
Tesla and SpaceX CEO Elon Musk recently released a captivating AI-generated video on social media platform X, which features glamorous portrayals of various political and world leaders as models walking down a runway. This unique and attention-grabbing video quickly gained traction and went viral soon after it was posted. Snapshots of Elon Musk and Hillary Clinton from an AI-generated video. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The video begins with the Pope in a flashy white lab coat, before showing political leaders including Vladimir Putin, Joe Biden, Donald Trump, Kim Jong Un, Justin Trudeau and Xi Jinping in various outfits. Looking for…
According to two leading venture capitalists, today’s world is rapidly changing with the emergence of artificial intelligence (AI) as a driving force, and startups that can adapt quickly to change will thrive.During a panel discussion titled “Beyond the buck: Building future-ready biz” at YourStory’s flagship event, Tamil Nadu Story 2024, TC Meenakshisundaram, co-founder, Chiratae Ventures, and Lakshmi Narayanan, executive committee member, Chennai Angels and former Cognizant CEO, elaborated on what startups can do to emerge as winners in this challenging environment.Speaking on how to build a future-proof business, Meenakshi Sundaram said, “There will be no business in the future that…
The Federal Communications Commission (FCC) today announced a settlement with TracFone Wireless, closing its investigation into the company’s failure to adequately protect customer information from unauthorized access during three data breaches. These breaches involved the misuse of application programming interfaces (APIs), tools that allow communication between different computer programs. APIs are a popular target for cyber attacks because they allow websites to access customer information. The settlement, known as a consent decree, includes measures to strengthen TracFone’s API security, which is critical because APIs are widespread and often targeted by hackers. Director of Enforcement and Chair of the Privacy and…
The arrival of 5G technology marks a transformational step in the communications sector, promising unprecedented speeds, ultra-low latency, and the ability to connect millions of devices simultaneously. As the backbone of future digital innovations such as smart cities, autonomous vehicles, and the Internet of Things (IoT), the reliability and efficiency of 5G networks is crucial. This is where 5G testing comes into play, ensuring that networks not only meet set standards but also perform consistently in real-world scenarios. Understanding 5G Technology5G, or the fifth generation of mobile network technology, is a major step forward from previous generations. 5G operates on…
Posted on July 23, 2024 Leveraging the world’s fastest supercomputers and cutting-edge technology, breakthroughs in high-performance computing (HPC) and quantum chemistry are set to revolutionize drug discovery and pioneer new ways to target a range of diseases. A research team led by Associate Professor Giuseppe Barca, a theorist and HPC expert at the University of Melbourne, has achieved the first quantum simulation of a biological system at the scale needed to accurately model drug performance. Leveraging the unprecedented ‘exascale’ power of the frontier supercomputer at the Oak Ridge Leadership Computing Facility in Tennessee, USA, the team developed groundbreaking software that…
Robot working on the railway. Keeping the tracks in good condition is crucial for West Japan Railway Company (JR), the largest rail operator in western Japan, so this month JR West (also known as JR West) hired a new maintenance worker: a robot maintenance worker. Jointly developed by JR West, Nippon Signal and Shiga Prefecture-based robotics company Jinki Ittai (also known as Man-Machine Synergy Effectors Inc.), the unit is called a “multifunctional railway heavy equipment” and is an adaptation of a traditional rail-only design into a more flexible bogie-based system. The robot’s torso is fitted with a crane-arm-like appendage that…
Getty Images EXCLUSIVE: Justine Bateman has been warning about the harmful realities of generative AI for the creative community long before most people started paying attention to the rise of the machines, and now the Violet director is sending out an SOS on the big screen at an AI-free film festival. The CREDO 23 film festival, scheduled for its first edition in Los Angeles in 2025, promises to be a “real, raw,” filmmaker-centric and AI-free event. “With studios, streamers, and film festivals embracing generative AI, the time was right for the CREDO 23 Film Festival,” Bateman told Deadline today about…
Nvidia’s stock trajectory can hardly be described as hockey stick: The chipmaker, whose powerful graphics processing units are driving the artificial intelligence boom, hit a market capitalization of $1 trillion just a year ago. Since then, the company has tripled in value. This explosive growth has shocked the market, the industry, and Silicon Valley. The famous Denny’s booth. (Megan McCarty Carino/Marketplace) You can find evidence of the Nvidia effect in some unlikely places, like a Denny’s restaurant on Berry Road in San Jose, California. Legend has it that the company’s founders came up with the idea for the business 30…
The Biden administration on Monday released a set of recommendations calling on tech companies to step up protections for children and young people online, urging platforms to restrict features that encourage “excessive or problematic” social media use by young people.The report, written by an interagency task force with the backing of the White House, marks one of the administration’s broadest attempts to address bipartisan concerns that social media companies are designing their sites in ways that distract and harm children.Federal and state lawmakers have struggled to enact new protections for children online through legislation, facing opposition from tech industry groups…