Author: potus

Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024.Victor J. Blue | Bloomberg | Getty ImagesApple announced a new iPhone model on Wednesday that is priced lower than its main iPhone models, which usually come out in September.The new iPhone is called iPhone 16e, and it will retail for $599 when it goes on sale later this month.The new iPhone 16e doesn’t have a home button and fingerprint sensor, instead, it uses Apple’s FaceID scanner and…

Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.The funding round values Baseten at $825 million and demonstrates that venture capitalists believe tech’s AI boom stands to benefit a plethora of startups, not just those building large language models. In recent months, OpenAI, Anthropic and xAI have raised billions in funding, with much of the money going toward servers containing Nvidia graphics processing units, or GPUs.After companies finish training AI models on reams of data, they need to deploy those models somewhere at the inference…

Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field. Technologists believe quantum computers could one day efficiently solve problems that would be taxing if not impossible for classical computers. Today’s computers use bits that can be either on or off while quantum computers employ quantum bits, or qubits, that can operate in both states simultaneously.Google and IBM have also developed quantum processors, as have smaller companies IonQ and Rigetti Computing. Microsoft’s quantum chip employs eight topological qubits using indium arsenide, which is a semiconductor,…

Medical technology, AI technology is utilized by doctors for diagnosing increasing the accuracy of patient treatments. Medical research and development innovation technology to improve patient health.Pcess609 | Istock | Getty ImagesAI startup OpenEvidence is raising a fresh round of capital from Sequoia to scale its chatbot for doctors. The new $75 million cash injection, which has not been previously reported, values OpenEvidence at $1 billion, the two companies told CNBC. OpenEvidence, based in Cambridge, Massachusetts, was founded by Daniel Nadler. He previously built Kensho Technologies, a Wall Street-focused artificial intelligence firm that sold to Standard & Poor’s for $700 million in 2018. Nadler’s…

An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing “significant headwinds,” including a pullback in consumer spending. The stock closed down 10% on Wednesday.Here’s how the company did:Earnings: $1.03 per share adjusted vs. 93 cents per share expected by LSEGRevenue: $852.2 million vs. $862.8 million expected by LSEGGross merchandise sales, or the total volume of goods sold on the platform, came in at $3.74 billion, a decline of 6.8% year over year.…

President Trump’s media company sued a Brazilian Supreme Court justice on Wednesday, accusing him of illegally censoring right-wing voices on social media.The unusual move was made all the more extraordinary by its timing: Just hours earlier, the Brazilian justice had received an indictment that would force him to decide whether to order the arrest of Jair Bolsonaro, the former Brazilian president and an ally of Mr. Trump. The justice is overseeing multiple criminal investigations into Mr. Bolsonaro.The Trump Media & Technology Group — which is majority owned by Mr. Trump and runs his Truth Social site — sued the Brazilian…

Dreams of direct flights to Miami, Los Angeles and New York by July. Hopes that Western brands will soon reopen their stores. Speculation that companies like Visa and Mastercard are on their way back to process payments.While none of that has yet come to pass, Russians are hoping that a return to normalcy in their country is on the horizon now that Washington and Moscow are moving to reset their relationship after three years of hostility because of the war in Ukraine.News of the first round of talks between Russia and the United States in Saudi Arabia on Tuesday sent…

The University of Chicago is not the only campus imposing harsh punishments on student protesters. At the University of Minnesota, seven students face up to two-and-a-half years of suspension and $5,000 in alleged damages, months after being arrested during an October protest. The students had occupied a campus building they renamed ​​”Halimy Hall”, after a 19-year-old Palestinian TikTok personality killed in an Israeli strike in Gaza last year. In January, 11 students at New York University were issued one-year suspensions after they staged a nonviolent sit-in at a library last December. The university also declared two tenured faculty members “personae…

President Emmanuel Macron of France called a second emergency meeting of European allies on Wednesday seeking to recalibrate relations with the United States as President Trump upends international politics by rapidly changing American alliances.Mr. Macron had already assembled a dozen European leaders in Paris on Monday after Mr. Trump and his new team angered and confused America’s traditional allies by suggesting that the United States would rapidly retreat from its security role in Europe and planned to proceed with peace talks with Russia — without Europe or Ukraine at the table.Mr. Trump’s remarks late on Tuesday, when he sided fully…

WASHINGTON (AP) — No sooner had Senate Republicans voted to begin work on $340 billion budget bill focused on funding the White House’s mass deportations and border security agenda than President Donald Trump threw it into turmoil.Trump on Wednesday criticized the approach from the Senate Budget Committee chairman, Sen. Lindsey Graham, R-S.C., and sided with the House GOP’s broader, if politically difficult, plan that includes $4.5 trillion in tax cuts and other priorities. Senators wanted to address those later, in a second package. Vice President JD Vance was on his way to Capitol Hill to confer privately with Republican senators.“Unlike…