Group 1 - Shares of Ubisoft increased by over 30% following reports of Tencent and the Guillemot family considering a buyout of the company [1][2] - Ubisoft's shares surged 33.5% to approximately $15.57, as reported by FactSet [1] - The company has experienced a significant decline in market value, losing more than half of it this year [1] Group 2 - Ubisoft is known for popular franchises such as "Assassin's Creed" [2] - The company's shares fell to their lowest point in over a decade due to the underperformance of its latest title "Star Wars Outlaws" and the delay of a new "Assassin's Creed" game [2] - CEO Yves Guillemot acknowledged that the company's second quarter performance did not meet expectations [2]

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Privacy activist Max Schrems contested what he called the "unlawful" processing of personal data. Social media platforms such as Meta's Facebook must limit the use of personal data including someone's sexual orientation for targeted advertising, the European Union's top court ruled Friday. Austria's Supreme Court had asked the ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: People arrive at Parliament in Wellington, New Zealand, Wednesday, July 24, 2024. Credit: AP Photo/Charlotte Graham-McLay, File Google said Friday it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displaye ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Amazon plans to hire 250,000 seasonal employees to staff its U.S. warehouses and fulfillment network for the holiday season. That increase matches its national holiday hiring spree last year, though it falls short in Washington. Last year, Amazon hired 250,000 workers nationally to prepare fo ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Revolut report said Meta needed to do more when it came to tackling instances of cyber fraud. British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "woefully" inadequate. "Revolut is ...

Core Insights - Google is developing artificial intelligence software that mimics human reasoning, similar to OpenAI's o1, indicating a competitive landscape in AI technology [1][2] - The company is utilizing chain-of-thought prompting to enhance its AI reasoning capabilities, allowing the software to process multiple related prompts before generating a response [2] - Despite a slower rollout of AI products due to ethical considerations and brand trust, Google remains a strong competitor in the AI field [3][4] Company Developments - Google has merged its research labs to form the Google DeepMind unit, aiming to strengthen collaboration between researchers and product teams [3] - The company has introduced AI models like AlphaProof and AlphaGeometry 2, which excelled in solving problems from the International Mathematical Olympiad [4] - At its developer conference, Google previewed an AI assistant named Astra, which utilizes a phone's camera for contextual assistance, with features expected to integrate into its flagship AI model, Gemini [5] Competitive Landscape - The rivalry between Google and OpenAI has intensified since the launch of OpenAI's ChatGPT, raising concerns about the future of Google Search [2][3] - Industry experts note that while Google has been conservative in product rollouts, its technical capabilities remain top-notch, making it a formidable player in the AI race [4]

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Oracle is the latest global tech titan to announce major digital investments in Southeast Asia. Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia. The firm said the clou ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain As is their tradition at this time of year, Apple announced a new line of iPhones last week. The promised centerpiece that would make us want to buy these new devices was AI—or Apple Intelligence, as they branded it. Yet the reaction from the collective world of consumer technology has been mut ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Facebook parent Meta will produce its next-generation virtual and augmented reality headsets in Vietnam, creating more than 1,000 jobs, the company said Tuesday. The announcement comes as Vietnam looks to boost its attractiveness as a destination for investment by the world's biggest companies ...

Group 1 - Google plans to invest $1 billion to build digital infrastructure in Thailand, including a new data center, which is expected to support 14,000 jobs in the country [1][2] - The new data centers will be located in Bangkok and Chonburi, aimed at meeting the growing demand for cloud computing in Southeast Asia [1][2] - This investment is projected to add $4 billion to Thailand's GDP by 2029, according to a report from consultancy Deloitte [2] Group 2 - The Thai government views this investment as a step towards diversifying and modernizing the economy, which has traditionally focused on manufacturing, agriculture, and tourism [3][4] - The digital economy in Thailand could contribute as much as 30 percent of GDP by 2027, as stated by the Office of the National Digital Economy and Society Commission [4] - Other Southeast Asian countries, like Vietnam, are also competing for US tech investments, indicating a regional trend towards enhancing digital infrastructure and reducing dependency on traditional manufacturing [4]