Top tech news stories today: May 11, 2024

The industry’s giants are forging new paths with exciting developments. Apple advances AI with new chip deployments and potential iOS transcription features while OpenAI is set to unveil a Google-rivaling search engine.

Fintech

1. Crypto group with 440,000 members launches PAC to target House, Senate elections

The cryptocurrency industry, through the new PAC Stand With Crypto, is strategically bolstering support for crypto-friendly candidates across the U.S. Amidst regulatory scrutiny following high-profile legal cases, these PACs, including others like Fairshake and Protect Progress, have collectively raised over $110 million. (The Star)

IT infrastructure

2. Apple plans to use M2 Ultra chips in the cloud for AI

Apple is initiating its move into generative AI by first employing M2 Ultra chips to handle complex queries in data centres, with plans to later upgrade to the more advanced M4 chips. (The Verge)

Tech trends

3. Apple might bring AI transcription to Voice Memos and Notes

Apple’s integration of real-time transcription in Voice Memos and Notes, expected with iOS 18, promises significant enhancements for users such as students and journalists by simplifying audio transcription tasks. (The Verge)

4. Microsoft’s new Xbox mobile gaming store is launching in July

Microsoft plans to launch its Xbox mobile gaming store in July, starting with a web-based approach to bypass Apple’s App Store restrictions. The store will initially feature first-party games such as Candy Crush and Minecraft. (The Verge)

AI

5. OpenAI plans to announce Google search competitor on Monday, sources say

OpenAI is poised to announce a new AI-powered search product on Monday, expanding its ChatGPT capabilities to directly fetch and cite web information. (Reuters)

6. CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centres

CoreWeave, following a substantial funding boost, is aggressively expanding its global footprint with a new European headquarters in London and plans to open two U.K. data centres. (Tech Crunch)

Sylvia-Shen

Sylvia Shen

Sylvia Shen, a news reporter at BTW media dedicated in Fintech and Blockchain. She graduated from University of California, Davis. Send tips to s.shen@btw.media.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *