North America Trends
North America Trends
North America market trend intelligence tracks cloud service, regional ISP, national telecom, data centre, and institutional infrastructure signals across North American internet infrastructure markets. BTW.
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North America Cloud Services Trends
Microsoft is supposedly developing ‘Stargate’ to carry OpenAI forward
Microsoft plans to build a $100 billion supercomputer, “Stargate,” to power OpenAI’s next generation of AI systems, marking the final phase of Microsoft and OpenAI’s US supercomputer project. the Origin of Stargate Stargate, a 1994 science-fiction film, explores an interstellar…
North America Cloud Services Trends
US federal agencies now required to have chief AI officer
All U.S. federal agencies are required to have a designated “Chief AI Officer” who oversees AI technology used by the agency.
North America Institutional Trends
Coinbase partially wins appeal, but still faces US regulator’s lawsuit
US Securities and Exchange Commission filed a lawsuit against Coinbase to move forward, but dismissed one of the regulator’s charges.
North America Cloud Services Trends
Banks told to expand risk management to cover AI
A report from the US Treasury has called on banks to bolster their risk management frameworks to avoid being overwhelmed by AI-powered fraudsters and cybercriminals. Cybersecurity concerns are raising The report, which was the result of an executive order issued by Joe Biden in…
North America Cloud Services Trends
Huawei posts 9.63% rebound in sales for 2023
Huawei Technologies reported a rebound in sales growth in 2023, with revenues rising 9.63% to 704.2 billion yuan (US$97 billion) in 2023, boosted by its high-end 5G products in the Mate 60 series. Profit of the year Net profit for the year was 87 billion yuan, up 144.5%…
North America Cloud Services Trends
Amazon loses court case to suspend EU tech rules’ ad clause
On March 27 in Brussels, Amazon sided with EU regulators at Europe’s highest court, saying the EU’s interests outweighed the US online retailer’s material interests. It lost its battle to get a stay on EU tech regulations for its online advertising requirements. Why CJEU rejected…
North America Institutional Trends
Amazon fined $7.8m by Polish consumer regulator
E-commerce giant Amazon has been hit with a hefty fine of 31 million zlotys (US$7.8 million) by Poland’s consumer protection watchdog, UOKiK, for deceptive practices related to product availability and delivery commitments. Amazon offers misleading dates “The average consumer has…
North America Cloud Services Trends
US offers $10 million bounty for information on ‘Blackcat’ hackers
The State Department announced Wednesday it would provide a $10 million reward for information about the Blackcat ransomware group that hacked UnitedHealth Group in February. The cyberattack Change Healthcare, a subsidiary of UnitedHealth Group that manages payment systems for…
North America Institutional Trends
Over $1B in US Treasurys have now been tokenized on-chain
The new milestone was reached shortly after the launch of BlackRock’s first tokenized asset fund — BUIDL, which joined 16 other tokenized government securities funds last week. About BUIDL More than $1 billion worth of United States Treasurys now exist across Ethereum, Polygon…
North America Cloud Services Trends
After the collapse: FTX trys to compensate by selling shares
Selling stakes FTX has agreed to sell its 29.4 million shares of the AI developer Anthropic, valued at $884,109,327, to repay losses. The sale was approved by U.S. Federal Judge John Dorsey, with various entities, including ATIC Third International Investment Company and Jane…
North America Cloud Services Trends
Eliyan raises US$60million for chiplet interconnects that speed up AI chips
Eliyan has raised $60 million in funding for its chiplet interconnect technology that speeds up the processing for AI chips. Funding from other compannies Samsung Catalyst Fund and Tiger Global led the Series B round. They were joined by several other institutional backers…
North America Cloud Services Trends
Top tech news stories today: March 27, 2024
From the web3 infrastructure firm 0G Labs build their modular AI blockchain to America’s FCC introduces IoT cybersecurity labelling, here’s the technology news you need to know today. 1. 0G Labs launches with whopping US$35M pre-seed to build a modular AI blockchain According to…
North America Cloud Services Trends
0G Labs raises US$35M pre-seed funding from crypto leaders
0G Labs, a web3 infrastructure firm, secured $35m in pre-seed funding from over 40 leading crypto institutions, including Hack VC and Stanford Builders Fund. Fundings from other companies As the crypto space heats back up, so has funding for new startups. 0G Labs, known as the…
North America Cloud Services Trends
Meta, allies oppose Nevada’s child online protection rollback
US state Nevada’s push to relax online protections for children has sparked opposition from internet safety advocates. Led by Meta‘s Internet Technology Director, Dan York, a coalition of organisations is contesting Nevada’s bid to prevent Meta from implementing end-to-end…
North America Cloud Services Trends
FTX to sell majority of stake in Anthropic for US$884 million
The estate of bankrupt crypto exchange FTX is offloading about two-thirds of its 8% stake in artificial intelligence startup Anthropic for $884 million. Buyers Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in…
North America Cloud Services Trends
Top tech news stories today: March 26, 2024
No need to search through various websites for your daily tech roundup. We have it right here all in one place. 1. FTX estate selling majority stake in AI startup Anthropic for US$884 million, with bulk going to UAE Bankrupt crypto exchange FTX has struck a deal with a consortium…
North America Cloud Services Trends
BRICS announces blockchain payment system as US$ alternative
Russia has announced to utilise a new blockchain-based payment system within the BRICS alliance, intending to be user-friendly. A new blockchain-based payment system will be utilised in BRICS BRICS member Russia on Tuesday announced the creation of a new blockchain-based payment…
North America Cloud Services Trends
Chinese chip maker SMIC may have violated US law to make Huawei chip
Chinese chip maker Semiconductor Manufacturing International Corporation (SMIC) “potentially” broke American law if it manufactured a processor for sanctioned telecoms giant Huawei Technologies, a senior US official has said. The Chinese chip When asked by Representative Michael…
North America Cloud Services Trends
Micron hits record high as AI demand powers strong forecast
Micron Technology shares surged Thursday, reaching US$113.50, an all-time high, based on data back to 1984, aided by a faster-than-expected recovery in the memory-chip market. Values Micron’s high-bandwidth memory (HBM) chips, which refer to ultrafast semiconductors used in the…
North America Institutional Trends
Biden to give $8.5billion to Intel to build more chip factories
Intel expects to receive $8.5 billion in funding from the U.S. government and an $11 billion loan to expand its chip manufacturing capacity.