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Meta will develop its own custom AI chip and deploy them at their local data centres to power their AI tools. All of this, including the development and deployment of these new AI tolls could cost as much as $30 billion each year…

Shoppers walks past advertisements on the opening day of fast-fashion e-commerce giant Shein, which hosted a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario on Oct. 19, 2023.Allen J. Schaben | Los Angeles Times | Getty ImagesORLANDO, Fla. — Little is known about how much revenue Shein draws or just how profitable it is.But the fast fashion company's sales are "a lot more" than the $30 billion that it reportedly brings in annually, one of the retailer's key partners said Monday."Shein is the…

Under his contract with the Dodgers, Shohei Ohtani will have $68 million of his $70 million salary deferred each season, according to a person with knowledge of the deal unauthorized to speak publicly.That means, for the duration of his 10-year, $700 million deal, Ohtani will receive just $2 million per year, then get the rest of the money in payments to be made from 2034 to 2043.Also, because of the unique structure of the contract, Ohtani will count for about only $46 million annually against the Dodgers’ payroll for…

Image Source : FILE Representational Image A recent report revealed that Apple aims to produce more than 50 million iPhones each year in India, a move to diversify its production away from China. The tech giant has set a target to achieve this within the next two to three years, with plans for even more units in the following years, reports the Wall Street Journal.  …

Credit: CC0 Public Domain Each year, Philadelphia's waterways are forced to swallow a dirty mix containing 15 billion gallons of untreated sewage and rainwater during storms because of an antiquated city system, according to a report released Thursday by PennEnvironment. The waterways include the Delaware and Schuylkill Rivers, as…

Google employees were reported to…

Google employees were reported to…

The House of Representatives has resolved to set up an ad hoc Committee to investigate alleged abuse of tax incentives, breaks and waivers by public officials and benefiting companies. This was the sequel to a unanimous adoption of a motion by Oluwole Oke (PDP-Osun) at plenary on Thursday. Moving the motion earlier, Mr Oke said it is within the ambits of the federal government’s powers to exercise executive and legislative jurisdiction over items in the Exclusive Legislative list as contained in the second…

Here are some of the key forecasts on the impact of generative AI from the McKinsey report:McKinsey's latest research estimates that generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually across the 63 use cases analyzed by McKinsey -- by comparison, the United Kingdom's entire GDP in 2021 was $3.1 trillion. This would increase the impact of all artificial intelligence by 15 to 40%.About 75% of the value that generative AI use cases could deliver falls across four areas: Customer operations,…

A new study reveals that a new combination of treatments can significantly improve survival rates without major disability for patients suffering from intracerebral hemorrhage (ICH), a type of stroke. The treatment involves rapid control of high blood pressure, among other interventions, and led to improved recovery, reduced death rates, and a better quality of life for patients; the study suggests that this protocol could save tens of thousands of lives globally if universally adopted.Accessible treatment combinations…