Japanese beauty giant Shiseido is expanding its fragrance portfolio. On Thursday, the Tokyo-based company announced a “long-term” agreement with Italian fashion house Max Mara to develop, produce, market, and distribute branded fragrances. This marks Max Mara’s return to the fragrance market after discontinuing its scent line in the mid-2000s. Shiseido’s Licensing Strategy This collaboration adds […]
The surge in AI technology investment has propelled U.S. venture capital (VC) funding to unprecedented heights. In the second quarter of 2024, U.S. venture capital funding reached a remarkable $55.6 billion. This surge, primarily driven by the AI boom, has set the stage for significant transformations across multiple sectors. A pivotal factor behind the spike […]
Meta has unveiled a formidable shift in strategy, steering its focus towards AI-powered gaming experiences to bolster its metaverse ambitions. By integrating Generative AI into Virtual Reality (VR), Augmented Reality (AR), and mixed reality games, Meta aims to revolutionize the user experience, particularly within its Horizon worlds. The integration of AI is set to heighten […]
In a significant move in the artificial intelligence sector, Kyutai has announced its new AI platform, Moshi, as a direct competitor to OpenAI’s ChatGPT. This strategic development is backed by considerable investment, amounting to €300 million from notable figures such as Niel, Rodolphe Saadé, and Eric Schmidt. Moshi’s models and research will be released as […]
A new study explores how integrating social media with artificial intelligence (AI) can transform disaster response and aid communication for victims. Social media’s reach is unparalleled, offering real-time updates and a wealth of user-generated data. When combined with AI, it can significantly enhance disaster management efforts. AI’s power to analyze vast amounts of data means […]
Three of the UK’s leading universities are collaborating to develop cutting-edge quantum technologies aimed at solving one of science’s biggest enigmas – dark matter. This initiative emphasizes the UK’s commitment to positioning itself at the forefront of quantum research and technological advancements. University College London, the University of Oxford, and the University of Cambridge are […]
China is advancing its smart vehicle initiatives with a pilot program across 20 cities. This ambitious plan includes issuing 100 million mobile network numbers to enhance communication among connected vehicles. The strategy aims to boost data sharing and improve traffic management, safety, and energy efficiency. For example, smart traffic lights could adjust in real time […]
In a groundbreaking move, the European Union is contemplating imposing tariffs on inexpensive Chinese online goods. This development is significant for both the business and consumer markets in the EU. The proposal targets the influx of low-cost products from China, which many believe disrupts fair competition. Germany, a heavyweight in the bloc, backs the reform, […]
The integration of artificial intelligence (AI) within Google’s ecosystem has significantly increased the company’s energy consumption. According to recent reports, Google’s greenhouse gas emissions have escalated by nearly 50% over the past five years. This surge is primarily driven by the growing energy demands of data centers and supply chain operations. One concrete example is […]
Navigating The Challenges of Generative AI: Insights from Google’s Latest Report Google has once again emphasized the critical need for comprehensive, regulation-focused discussions on the impacts of generative AI. In its recent report, the tech giant delved into the nuanced threats posed by this powerful technology. Generative AI, lauded for its creativity and efficiency, also […]
