Israel’s OurCrowd AI Fund to Fast Track Startups Into Nvidia Programme

[ad_1] JERUSALEM (Reuters) – Israeli venture capital fund OurCrowd said on Tuesday its new artificial intelligence (AI) fund was collaborating with Nvidia to fast track some of its AI startups into the Nvidia Inception programme. Inception helps startups evolve faster through cutting-edge technology, connecting with venture capitalists, and having access to the latest technical resources and tools from…

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SoftBank’s Son Is Seeking About $100 Billion for AI Chip Venture, Bloomberg Reports

[ad_1] (Reuters) -SoftBank Group Chief Executive Officer Masayoshi Son is looking to raise up to $100 billion for a chip venture that will rival Nvidia Corp, Bloomberg News reported on Friday, citing people with knowledge of the matter. The project, code named Izanagi, will supply semiconductors essential for artificial intelligence (AI), the report added. SoftBank…

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EU Countries Did Not Back Political Deal on Gig Workers’ Rights, EU Presidency Says

[ad_1] BRUSSELS (Reuters) – A watered-down political deal giving workers at Uber, Deliveroo and other online companies more social and labour rights failed to get sufficient support from EU governments, Belgium’s presidency of the European Union said on Friday. EU lawmakers and Belgium, the current holder of the rotating EU presidency, had clinched the deal…

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Applied Materials Sees Quarterly Revenue Above Estimates on AI Boom

[ad_1] (Reuters) -Semiconductor equipment supplier Applied Materials forecast second-quarter revenue above Wall Street estimates on Thursday, on strong demand for AI chips and a recovery in the personal computer market, sending its shares up 8% in extended trading. AI-embedded personal computers are the latest rage, pulling the PC market out of a post-pandemic slump and…

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Japan’s Ruling Party Pushes for AI Legislation Within 2024, Nikkei Reports

[ad_1] TOKYO (Reuters) – Japan’s ruling party will propose that the government introduces a new law regulating generative artificial intelligence technologies within 2024, the Nikkei business daily reported on Thursday. To address issues surrounding AI such as disinformation and rights infringement, the Liberal Democratic Party’s AI project team will draft preliminary rules, including penal regulations,…

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EU Regulators Mull Easing Merger Rules for Telcos and Big Tech to Help Pay Network Costs

[ad_1] BRUSSELS (Reuters) – EU regulators may ease their rules against mobile telecoms mergers and also broaden telecoms rules to get Big Tech and others to help fund the rollout of 5G, according to a European Commission document seen by Reuters. “The fragmentation of the EU market for electronic communications networks and services along national…

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