Like the rest of the world, Singapore has seen layoffs in the tech industry. Online marketplace Carousell and Shopee cut 10% of their staff in December and November, respectively. However, despite the downsizing, Singapore continues to invest in tech skills. Efforts to hire and train tech talent in both tech and non-tech sectors are still
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Margrethe Vestager, the European Commission’s vice president, has called for urgent action to regulate artificial intelligence (AI) use. She warned that there is no time to waste in controlling the risks that come with the technology. Vestager made these comments while speaking to reporters in Berlin. The European Commission had proposed regulatory measures early this
Artificial intelligence (AI) has already made its way into the workplace, with many individuals using tools that incorporate AI technology. The potential of AI in advertising is immense, especially in email writing, researching, generating comps, writing social copy, and HR functions like hiring and reviews. However, while proponents argue that AI can take care of
The US Federal Trade Commission (FTC) has accused Facebook, owned by Meta, of misleading parents about children’s protection and deceptive collection of user data. The FTC found that Facebook misled parents by providing misinformation about control over who their children contact in the Messenger Kids app, thereby breaching the 2019 agreement on privacy. The proposed
According to Elliot Han, who leads Cantor Fitzgerald’s crypto, blockchain, and digital assets investment banking, institutional investors may have lost interest in crypto, but their interest is still there and may even be maturing. Han believes that those who have remained in crypto are exploring its different use cases, and there is a lot of
Palantir Technologies, a software company known for its work with the US government, reported a revenue of $525 million for Q1 2021, up 18% YoY and exceeding analysts’ expectations. Palantir’s US commercial revenue grew 26%, with the number of US commercial customers increasing 50% YoY from 103 to 155. Adjusted earnings per share (EPS) for
Large language models (LLMs) are becoming increasingly popular, with companies like OpenAI and Microsoft releasing new impressive natural language processing (NLP) systems. However, recent research by Epoch shows that we might soon need more data for training AI models. The team investigated the amount of high-quality data available on the internet, and the analysis shows
Ispace, a Japanese start-up, has failed in its attempt to carry out the first private moon landing. The Hakuto-R Mission 1 (M1) lander lost contact and is believed to have crashed on the lunar surface. The cause of the failure is unknown, but the startup has suggested that the lander’s altitude measurement system miscalculated the
Tesla CEO Elon Musk has been urged by a group of Democratic Senators to end the company’s use of forced arbitration clauses in employee and customer contracts. The senators, including Richard Blumenthal, Sherrod Brown, Dick Durbin, Ed Markey, Jeff Merkley, Bernie Sanders, and Elizabeth Warren, claim that such clauses have allowed workers’ complaints of racist
Meta Platforms has hired a team of engineers from Oslo who were previously working on artificial intelligence (AI) networking technology at Graphcore, a British chip company. The move will strengthen Meta’s infrastructure team and help support AI and machine learning at scale in its data centers. Meta, which owns Facebook and Instagram, is increasingly reliant