Stalls

Leaders of the U.S. House of Representatives said Tuesday they are forming a bipartisan task force to explore potential legislation to address concerns around artificial intelligence.Efforts in Congress to pass legislation addressing AI have stalled despite numerous high-level forums and legislative proposals over the past year.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM LucknowIIML Executive…

The White House artificial intelligence council is meeting Monday, three months after President Joe Biden signed an executive order that aims to reduce the risks AI poses.White House Deputy Chief of Staff Bruce Reed, who will convene the council meeting Monday, said in a statement the federal government had made significant progress in the prior 90 days on AI, saying Biden's "directive to us is move fast and fix things."Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology…

A number of carmakers, including Volkswagen, are confronting lacklustre sales of electric vehicles. German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its sputtering transition to electromobility.…

Most people with breast and other cancers die not from the primary tumor but from metastasis, when the cancer spreads throughout the body. Researchers have developed a compound that blocks the actions of a metastasis-causing protein, potentially reducing the spread of breast cancer.Metastatic breast cancer – also called metastases, secondary tumors or secondaries – occurs when cancer cells break away from the original tumor and travel through the blood or lymphatic system to another part of the body, commonly the bones,…

The crisis at Byju’s is experienced first-hand by its employees, who now stare at an uncertain future as their employer battles one problem after the other. Indeed, Byju’s blast radius may singe other businesses, like digital lending. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ Startups in the creator economy space struggle to survive■ Sneaker reselling platform Mainstreet Marketplace raises $2 million■ Bribes-for-jobs scandal at TCS ‘tip of the iceberg’Byju's crisis plays up digital lenders’…

Taiwanese contract manufacturing firm Foxconn has started reaching out to large Indian business houses as it seeks to partner with them to further its semiconductor manufacturing ambitions in the country, multiple sources told ET. The year-old joint-venture (JV) that Foxconn had formed with billionaire Anil Agarwal-led Vedanta Group to set up a semiconductor fabrication unit at Dholera in Gujarat may be on the rocks as differences have appeared between the two partners, the sources added.“There are differences between the…

Most crypto platforms roll out new innovative solutions for users. Most of these solutions bring gains for users, while some flop. EOS (EOS) and Tron (TRX) are facing dire times in the market, even with innovative solutions. Uwerx doesn’t seem shaken at all. Investors are content with new developments and anticipate more. EOS (EOS) Is Having A Hard Time Keeping Investors EOS (EOS) is an open-source solutions blockchain. The platform offers faster confirmation time, flexibility, lower transaction fees, throughput, and…

As Spider-Man: Across the Spider-Verse enters theaters to the most rapturous response we’ve seen for a superhero movie for a long while, some think there’s something fishy in the air. Meanwhile, news for the live-action Spider-Verse isn’t as good thanks to some disappointing updates from Tom Holland himself, although it might be worth paying attention to the way he’s lavishing praise on another upcoming Marvel production. Last but not least, Ryan Reynolds could use this sneaky cheat to avoid a Deadpool 3 ban, but…

The ongoing Intel-Tower takeover deal has stalled the plans of a $3 billion semiconductor facility in India. The facility was being built by chip consortium ISMC which added Israeli chipmaker Tower as a tech partner. According to a report by Reuters, India's chip-making plans get delayed as the US chipmaking giant is currently taking over its Israeli counterpart.Another $19.5 billion plan to manufacture semiconductors locally by a joint venture (JV) between India's Vedanta and Taiwan's Foxconn is also progressing slowly.…

Xiaomi reported a 18.9 percent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic.Sales in the first quarter of 2023 reached CNY 59.5 billion (roughly Rs. 4,91,900 crore), down from CNY 73.35 billion (roughly Rs. 6,06,400 core) in the same quarter a year earlier, roughly in line with analyst estimates of CNY 59.43 billion (roughly Rs. 4,91,300 crore).Net income rose to 3.23 billion over the period, an increase of 13.1 percent…