AI-fueled chip shortage to rise smartphone prices
The benefits of artificial intelligence (AI) may come at a high cost for consumers. Surging demand for memory chips is driving up the price of smartphones and computers including in Germany. The use and cost of memory chips in smartphone production has risen sharply over the past five years. According to industry data, memory accounted
US economy adds more jobs
The US economy added 130,000 jobs in January, beating market expectations, in a sign of improvement in the American labour market following a string of bleak data. Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com
AI integration
As artificial intelligence becomes more central to the overall economy, diverse companies have found ways to integrate the technology into their operations. The latest round of earnings conference calls offered an insight into how AI is impacting some major names from a wide variety of industries.For example, Applied Materials executives positioned AI as the primary
EU open gateways to Indian students
The European Union on Wednesday launched the European Legal Gateway Office, a one-stop hub for Indian students and professionals seeking opportunities in EU member states.The Gateway Office is the first of its kind in a partner country and is aimed at facilitating safe and legal migration and mobility from India to EU member states. In
Ransomware Groups May Pivot Back to Encryption
Mere data exfiltration is no longer a lucrative approach for ransomware groups, and threat actors may increasingly rely on encryption to regain leverage. In 2021, the group likely made tens of millions of dollars using this tactic in the Accellion campaign, when over 25% of the impacted organizations likely paid a ransom. Roughly 20% of
Pentagon blacklists Claude AI company
ChatGPT’s biggest rival has exploded in popularity after it was black-listed by the Pentagon.bThousands have reported issues with Claude AI over the last week as users flooded the platform.Since Feb 25, Claude has experienced service interruptions almost everyday which have lasted up to six hours. Many described an inability to access Claude AI and other
China’s Rare Earth Dominance
China’s dominance isn’t in the dirt. It’s in the downstream conversion. And as the U.S. government injects $8.5 billion to reclaim the supply chain, the industry has realized a cold truth: factories don’t run on rocks, they run on metals.While the U.S. defense sector has long been reliant on international processing for these materials, REalloys
Google Home Adds Gemini Live Search
Google Home with Gemini onboard is getting new features, including various tweaks to address annoyances and a brand-new feature to help spot packages and movement live on your home’s cameras.The big new feature is called Live Search, a Gemini-powered option that uses AI to monitor camera feeds in real time and lets you ask questions,
DOnald Trump: “Too Late to Negotiate with Iran”
Donald Trump declared it was “too late” for talks with Iran as the war entered its fourth day.Mr Trump claimed the US military had enough weapons stockpiled to “fight forever” and that his Operation Fury was ahead of schedule. Meanwhile, Britain scrambled to send a warship to Cyprus today after an RAF base was attacked
US warns of Iranian attack on Saudi oil city
Conflict in the Middle East has caused oil and gas prices to jump, but it may also lead to poorer crop yields and higher food prices if it continues to impact global shipping. The continued closure of the Strait of Hormuz would lead to higher global prices of staples like corn, wheat and rice because