Top tech stories today: October 16, 2024

Ripple challenges giants with new stablecoin

Ripple is launching a stablecoin to compete with other major cryptocurrency players, marking a significant expansion in its financial services. This could reshape the digital payments landscape.

Blackstone to invest $8.2 billion in Spanish data centres

Blackstone is set to invest $8.2 billion in data centres in northeastern Spain, aiming to enhance digital infrastructure and expand its footprint in the tech-heavy sector.

Wolfspeed secures $750 million US chips grant

EV chipmaker Wolfspeed will receive $750 million from the US CHIPS Act, accelerating its manufacturing capabilities to support electric vehicle innovation and domestic chip production.

Italy, Google discuss submarine network in Sicily

Italy is in talks with Google to establish bases for a submarine cable network in Sicily, boosting the region’s digital connectivity and strategic significance.

Italy to trial Starlink satellites for internet coverage

Italy will begin testing Starlink satellites to improve internet penetration, especially in remote areas, leveraging Elon Musk’s satellite network for greater connectivity.

Intel, AMD unite to tackle ARM’s market challenge

Intel and AMD have partnered to address the growing competition from ARM-based chipmakers, seeking to strengthen their position in the evolving semiconductor industry.

Chip stocks fall as ASML cuts forecast, US export ban looms

Chip stocks plunged after ASML reduced its growth forecast and concerns emerged over a potential US ban on AI chip exports, further impacting the tech sector.

New York Times warns AI startup to stop using content

The New York Times has told an AI startup, backed by Jeff Bezos, to cease using its content without permission, highlighting legal battles over AI-generated content.

Apple launches iPad Mini with AI enhancements

Apple has unveiled its new iPad Mini, featuring advanced AI capabilities aimed at boosting productivity and personal use, marking another step in AI integration for consumer tech.

Microsoft’s GenAI VP to join OpenAI

Microsoft’s Vice President of GenAI research is moving to OpenAI, a key development for AI leadership transitions in the fast-evolving field of artificial intelligence.