Microsoft has unveiled the latest iteration of its lightweight artificial intelligence (AI) model, Phi-3 Mini, marking the initial release in a series of three compact models. With 3.8 billion parameters, Phi-3 Mini is trained on a relatively more minor dataset than behemoths like GPT-4 and is now accessible on Azure, Hugging Face, and Ollama platforms. …
On Monday, cocoa prices plummeted on long liquidations triggered by short-term profit-taking despite the ongoing global supply crunch. US cocoa July futures slumped 6.85% to $11,064.00 per metric ton (MT) on April 22, snapping a three-day rally. Moreover, industry watchers predict a 0.10% drop to $10,910.00 per MT in the coming market session. The unexpected …
Cocoa Prices Decline Despite Global Supply Crunch Read More »
US software company Salesforce Inc.’s negotiations to acquire software-as-a-service firm Informatica Inc. have reportedly collapsed, citing failure to agree on the terms of the arrangement. People familiar with the matter stated that talks between the two companies had fallen apart after they were unable to see eye to eye on a takeover price. The business …
Salesforce’s Informatica Takeover Talks Reportedly Collapsed Read More »
On Friday, oil prices surged following reports of an Israeli attack on Iran, causing market turbulence and raising fears of potential disruption in Middle Eastern oil supply. In the Asian afternoon session, Brent futures for June contracts increased by 0.38% to $87.44 per barrel. Furthermore, West Texas Intermediate (WTI) climbed by 0.46% to $83.11 a …
Oil Prices Surge Amid Reports of Israel Strike on Iran Read More »
South Korean chipmaker SK Hynix Inc. announced on Friday its team-up with Taiwan Semiconductor Manufacturing Co. (TSMC) Ltd., the world’s largest contract chip manufacturer, to build sixth-generation memory chips to meet the artificial intelligence (AI) industry’s vital need for the product. SK Hynix stated that the partnership will focus on developing premium HBM4 high-bandwidth memory …
SK Hynix Partners with TSMC to Build Sixth-Gen HBM4 Chips Read More »
US computer memory chip maker Micron Technology Inc. is reportedly set to accept $6.1 billion grants from the Commerce Department to fund its domestic chip plants in a bid to revitalize semiconductor output in the country. Sources familiar with the matter said the subsidies have yet to be finalized and may be officially confirmed next …
US Reportedly Set to Award Micron $6.1B in Chip Grants Read More »
On Wednesday, oil prices dropped due to worries about global demand amid China’s economic slowdown and anticipated US commercial stock increases, despite Middle East tensions. In the Asian afternoon session, Brent futures for June delivery dipped by 0.34% to $89.69 a barrel. Moreover, West Texas Intermediate (WTI) declined by 0.39% to $85.03 per barrel. Furthermore, …
Oil Prices Dip as Demand Concerns Offset Mideast Stock Fears Read More »
US video game giant Take-Two Interactive Software Inc. is set to conduct a new round of job cuts and call off a few projects as part of its push to trim costs amid uncertainty over consumer spending in games following a pandemic-driven boom. The Rockstar Games Inc. parent stated it will lay off 5% or …
Take-Two Plans New Round of Layoffs, Cancels Few Projects Read More »
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