Tech News

ChatGPT gets more 'human' as AI wave continues

The company behind the ChatGPT app that churns out essays, poems or computing code on command released Tuesday a long-awaited update of its artificial intelligence (AI) technology that it said would be safer and more accurate than its predecessor.. With its update, text responses from GPT-4 will be more accurate, and -- in future -- will come from both image and text inputs in a major leap forward for the technology, though this aspect has not yet been released.

Tue, Mar 14, 2023 3 mins read

Tech News

City of blight: Paris visitors alarmed at trash strike

Portuguese tourist Fabio Figueirado wanted to admire beautiful buildings on a romantic getaway in Paris, but instead he and his girlfriend have found themselves navigating pavements piled high with garbage.. Tourists flock to Paris for fairy-tale walks and iconic monuments, but piles of uncollected trash because of strikes against a pension reform are spoiling the experience for many foreign visitors.

Tue, Mar 14, 2023 3 mins read

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Riyadh Air, Saudia announce big Boeing 787 order

Riyadh Air and Saudia will purchase 78 Boeing 787 Dreamliner planes under agreements announced Tuesday in a giant order that underlines Saudi Arabia's goal to remake itself as a global aviation hub. . - Vision for Riyadh - Under the particulars, Riyadh Air agreed to purchase 39 Dreamliners, with options for 33 more jets, while Saudia will buy 39 Dreamliners with options for 10 more.

Tue, Mar 14, 2023 3 mins read

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Big Tech's job-slashing wave

Facebook owner Meta's announcement on Tuesday that it will shed 10,000 jobs over the next few months is the latest in a series of mass layoffs in the once-unassailable tech sector, which is facing a huge downturn.. - Microsoft - On January 18, Microsoft announced it would lay off 10,000 employees in the coming months.

Tue, Mar 14, 2023 2 mins read

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EU unveils electricity reforms to reduce price spike threat

The EU laid out plans Tuesday to make electricity bills "less dependent" on fossil fuel costs, to limit the risks of price hikes like those seen after Russia invaded Ukraine.. Brussels hopes the moves will bolster investment in non-fossil fuel energy as the EU seeks to meet its climate goals to reach net-zero and keep electricity costs down.

Tue, Mar 14, 2023 2 mins read

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Worker struggles with gig economy giants

In the battle between workers and gig economy giants, Uber notched up a rare win Monday when a court in California upheld a state law letting the company treat its drivers as independent contractors rather than employees.. In 2019 the state voted to recognise gig economy workers as employees but digital giants including Uber and Lyft bankrolled a referendum that effectively overturned it a year later, in a move upheld by an appeals court this week. 

Tue, Mar 14, 2023 3 mins read

Tech News

Meta axes 10,000 jobs in new round of cuts

Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the US tech sector continues to downsize.. The cuts follow a cull of 11,000 jobs announced by the company in November.

Tue, Mar 14, 2023 2 mins read

Tech News

EU unveils electricity reforms to reduce price spike threat

The EU laid out plans Tuesday to make electricity bills "less dependent" on fossil fuel costs, to limit the risks of price hikes like those seen after Russia invaded Ukraine.. Brussels hopes the moves will bolster investment in non-fossil fuel energy as the EU seeks to meet its climate goals to reach net-zero and keep electricity cost down.

Tue, Mar 14, 2023 2 mins read

Tech News

Crypto market resilient after collapse of SVB bank

As the Federal Reserve seeks to calm financial markets following the collapse of Silicon Valley Bank, the cryptocurrency market is showing signs of resilience despite links to the crisis.. The "stablecoin" USDC, which is pegged to the dollar, initially tumbled after its creator Circle said it held a sizeable investment in SVB.  Last week saw also the collapse of US-based Signature Bank and peer Silvergate -- and the combined turmoil marked the biggest banking failures since the 2008 global financial crisis.

Tue, Mar 14, 2023 2 mins read

Tech News

Novo Nordisk to cut US insulin prices by up to 75%

Novo Nordisk announced Tuesday that it will lower the US price of insulin by up to 75 percent, the latest move by a drugmaker to mitigate diabetes treatment costs.. The price for some other Novo Nordisk insulin brands will be lowered by 65 percent, the company said.

Tue, Mar 14, 2023 1 mins read