NewsFeed

April 22, 2025

Justice Dept Sues Google Over Search Dominance

The US Department of Justice is seeking strong measures against Google, alleging the company's artificial intelligence products could extend its dominance in online search, potentially unseating it as the go-to portal for information online. The trial began on Monday, with a judge finding Google had a monopoly in online search. The Justice Department wants Google to sell its Chrome browser and take other measures to address this issue.

https://www.deccanchronicle.com/technology/google-could-use-ai-to-extend-search-monopoly-doj-says-as-trial-begins-1874375

April 22, 2025

SEMCAP AI Invests in Transformative Tech Businesses

SEMCAP AI believes AI has the potential to be a transformative force, citing decades of experience investing in tech businesses. The firm focuses on high-growth companies with established product-market fit, strong ROI, and market leadership potential. It works closely with management teams to maximize performance through active governance and value creation.

https://www.manilatimes.net/2025/04/22/tmt-newswire/globenewswire/semcap-launches-semcap-ai-to-capitalize-on-the-transformative-power-of-artificial-intelligence/2096766

April 22, 2025

Sitharaman Meets Tech Leaders in San Francisco Talks

Indian Finance Minister Nirmala Sitharaman met with business leaders in San Francisco, including Anjney Midha from a16z and Raghu Raghuram from VMware, to discuss potential collaboration on AI projects. She also spoke with Google Cloud CEO Thomas Kurian about India's digital infrastructure and encouraged local linkages for territorial collaboration. Sitharaman met with DataRobot CEO Debanjan Saha to discuss the proposed private sector-driven research scheme and India's ranking as a leader in AI skill penetration. Additionally, she attended a luncheon roundtable with pension fund managers and institutional investors, where they shared their views on India's reforms and policy framework for AI.

https://www.deccanchronicle.com/nation/fm-sitharaman-meets-business-leaders-in-san-francisco-discusses-bilateral-cooperation-investment-opportunities-1874343

April 22, 2025

US Unveils 'Moonshot' Plan for Safer Future

The US government has unveiled a plan to create a safer and smarter future with advancements in technology such as AI, drones, robotics, and immersive training. The initiative aims to reduce the use of lethal force and achieve its "Moonshot goal".

https://www.prnewswire.com/news-releases/axon-announces-new-fixed-alpr-camera-solutions-and-next-gen-ai-advancements-to-expand-real-time-public-safety-ecosystem-302434665.html

April 22, 2025

Weill Cornell Partners with Biostate on AI Prognosis Tech

Weill Cornell Medicine Enterprise Innovation has partnered with Biostate AI to develop a new disease prognosis technology using artificial intelligence (AI). The partnership aims to translate academic research into real-world impact, building on Biostate AI's existing technologies and partnerships. Dr. Lisa Placanica and Ashwin Gopinath, co-founder of Biostate AI, believe this approach has the potential to improve outcomes for patients with all diseases, unlike traditional RNA biomarker discovery methods that have only been successful in breast cancer cases.

https://www.prnewswire.com/news-releases/biostate-ai-and-weill-cornell-medicine-collaborate-to-develop-ai-models-for-personalized-leukemia-care-302434000.html

April 22, 2025

US DOJ Targets Google Over AI Dominance

The US Department of Justice is seeking strong measures against Alphabet's Google in a historic antitrust case, citing concerns over its use of artificial intelligence to maintain dominance in online search. The trial marks a significant challenge to Google's position as the primary portal for information online, with the outcome potentially reshaping the internet landscape.

https://www.manilatimes.net/2025/04/23/business/foreign-business/stronger-measures-eyed-to-curb-google-dominance/2096471

April 21, 2025

CFOs Embrace GenAI for Financial Decision-Making

A recent survey by PYMNTS found that US firms with over $1 billion in annual revenue are increasingly adopting generative artificial intelligence (GenAI) to enhance strategic decision-making, particularly for high-impact tasks such as data visualization and financial reporting. CFOs reported a significant increase in confidence in GenAI's importance across various financial functions, with 68% viewing it as important for financial reporting in June, up from 37% in March. The survey also found that over 98% of CFOs anticipate a positive impact of GenAI on their industry within the next three years, and Microsoft, Google, and Meta have seen increased perceptions as dominant players in the GenAI market.

https://www.pymnts.com/artificial-intelligence-2/2025/45-percent-of-middle-market-firms-report-increased-use-of-genai/

April 21, 2025

Data Centers' Electricity Demand Skyrockets with AI Boom

Global data centers are projected to consume 945 TWh of electricity by 2030, primarily due to the increasing demand for artificial intelligence (AI), which could lead to higher emissions. This growth is expected to be offset by advancements in AI technologies and energy-efficient innovations.

https://www.thailand-business-news.com/tech/209593-electricity-consumption-of-global-data-centres-expected-to-hit-945-twh-by-2030

April 21, 2025

Quantum Computing Sued Over Misleading Tech Claims

Quantum Computing is facing a class action lawsuit alleging that the company made false and misleading statements about its quantum computing technologies, NASA partnerships, and business dealings. The lawsuit claims that Quantum Computing overstated its capabilities, progress on a thin film lithium niobate foundry, and revenues from related party transactions with Quad M Solutions, Inc. and millionways, Inc. Investors who suffered damages are invited to join the class action by contacting Phillip Kim, Esq., or visiting specific websites for more information.

https://www.prnewswire.com/news-releases/qubt-deadline-qubt-investors-have-opportunity-to-lead-quantum-computing-inc-securities-fraud-lawsuit-302432574.html