Intel has abandoned its $5.4 billion acquisition plan of contract chipmaker Tower Semiconductor due to difficulties in obtaining necessary regulatory approvals. The acquisition, aimed at enhancing Intel's chip-making capabilities and global reach, faced challenges, particularly in China, where concerns about the deal were growing. Despite efforts by Intel's CEO Pat Gelsinger to build relationships and gain support from industry and government in China, regulatory approval from this crucial market couldn't be secured. As a result, Intel will pay a termination fee of $353 million to Tower Semiconductor. The decision highlights Intel's commitment to its broader IDM 2.0 strategy and foundry efforts. #Intel #TowerSemiconductor #Acquisition #Contract #Chip #RegulatoryApproval #China #USA #Canada #Tech #ITW Image: Reuters
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Apple is planning to announce the iPhone 16, Apple Watch Series 10, and two new sets of AirPods during its launch event on September 10th, according to Bloomberg’s Mark Gurman. He reports the new phones will be similar to last year but with larger screens on the Pro models. Although the hardware itself will mostly be the same, Apple is expected to release new Apple Intelligence features in iOS 18.1 after the launch of the new phones. Mark Gurman also reports that Apple is working on a new “iPhone 17 Slim,” which would come next year. #Apple #iPhone16 #AI #Tech #InsideTechWorld Image: Getty
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Meta is reportedly canceling its plans to build a high-end competitor to Apple’s Vision Pro, according to The Information. The headset, codenamed La Jolla, was previously rumored to arrive sometime in 2027. The Information now reports that Meta has told its employees to stop working on the device last week. Purportedly, Meta’s plan was to keep the cost of the headset under $1,000, but the use of expensive MicroOLED displays made it increasingly difficult to reduce the cost. “We move forward with some [prototypes], we pass on others. Decisions like this happen all the time, and stories based on chatter about one individual decision will never give the real picture,” Meta CTO Andrew Bosworth posted on Threads. #Meta #QuestVR #VisionPro #Tech #InsideTechWorld Image: Meta
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Telegram CEO Pavel Durov has been arrested at Le Bourget airport north of Paris, reports Reuters. The Russian-born billionaire was placed in custody under a warrant related to his messaging app. French authorities allege that a lack of moderation on Telegram has “allowed criminal activity to go on undeterred on the messaging app.” The Russian embassy in France has called for consular access to Durov and for his rights to be safeguarded. “Telegram’s CEO Pavel Durov has nothing to hide and travels frequently in Europe,” Telegram said in a statement. “It is absurd to claim that a platform or its owner are responsible for abuse of that platform.” #Telegram #Privacy #Messaging #Tech #InsideTechWorld Image: Getty
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US intelligence issued an official statement on Monday confirming that Iran hacked into Republican and Democratic presidential campaigns. The statement emphasized that Iran succeeded in compromising Donald Trump’s campaign. “We have observed increasingly aggressive Iranian activity during this election cycle, specifically involving influence operations targeting the American public and cyber operations targeting presidential campaigns,” said the joint statement from the Federal Bureau of Investigation (FBI) and two other intelligence agencies. Iran’s Mission to the United Nations called the allegations “unsubstantiated and devoid of any standing” and challenged the US to provide evidence. The US did not detail how it reached the conclusion that Iran was responsible. #Elections2024 #Cybersecurity #Trump #Iran #InsideTechWorld #Tech #Kamala 📷 Getty
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NVIDIA AI-powered NPC engine, called Nvidia ACE, is set to debut its first AI NPC in 2025 with MechaBREAK, an upcoming multiplayer mech battle game. ACE is a custom AI model that gives voices and conversation skills to in-game non-playable characters. Nvidia says that players will be able to “interact via natural language with game characters.” They also mention that in-game characters will be able to see and identify users or objects around them through webcams, using GPT-4o. Although Nvidia plans to use the AI system across the entire games in the future, Mecha BREAK will only feature a single AI-powered character. This will allow the game to handle AI processing locally using only 2 GB of VRAM. #Nvidia #AI #NPC #Tech #InsideTechWorld 📷: MechaBREAK
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Google must face a class action lawsuit that alleges the tech giant misled Chrome users into thinking the browser was not collecting their activity data. The lawsuit was first filed in 2020 but Google argued that users consented to this by accepting the company’s privacy policy. At the time, judge Yvonne Gonzalez Rogers agreed, saying that “Google adequately disclosed, and plaintiffs consented to, the collection of the at-issue data.” A panel of federal judges reversed the decision this Tuesday, saying that Judge Gonzalez Rogers did not assess whether users actually understood this agreement. The case will now return to the lower courts for reconsideration. #Google #Privacy #Chrome #Tech #InsideTechWorld Image: Getty
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Apple has launched a web app for its Podcasts service, which is now available on all major web browsers in over 170 countries. Although Apple users could technically listen to podcasts on the web previously, there was no dedicated app for it. Now, Apple has launched the web app with a clean interface, allowing users to access features that were previously only available on the mobile app. The web app contains sections, similar to the iOS app, including a Browse tab that lists featured podcasts, a Home tab, a Top Charts tab, and more. #Apple #Podcasts #iOS #Tech #InsideTechWorld Image: Apple
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Zoom has announced that its webinars can now support up to 1 million attendees, marking a groundbreaking milestone for the company. This feature comes after various political groups used the platform to raise money for Kamal Harris’ election campaign. Customers can now choose webinars with maximum capacities of 10K, 50K, 100K, 250K, 500K, and 1M attendees. “Now event organizers have the flexibility and power to host truly interactive experiences on an unprecedented scale and the ability to purchase large single-use webinars,” said Smita Hashim, chief product officer at Zoom. #Zoom #Webinars #VideoConference #Tech #InsideTechWorld Image: Zoom
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@GM announced on Monday that it would lay off more than 1,000 salaried employees from its global workforce, according to multiple reports. The layoffs will impact GM’s software and services division as the company moves to streamline its operations. The layoffs come amid GM navigating issues with its latest Blazer EV and its competitor to Tesla’s Full Self-Driving, called “Ultra Cruise.” GM put out a stop sale notice in December for its Blazer EV, citing software issues, and has not been able to resume sales since. As for Ultra Cruise, GM has now merged it with its regular Super Cruise team and is now working to expand its system by 2025. #GM #BlazerEV #Layoffs #Tech #InsideTechWorld Image: Getty
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Apple is reportedly working on a tabletop robot arm with an iPad-like display attached to it, according to a report by Bloomberg’s Mark Gurman. The report mentions that the tech giant has “a team of several hundred people” working on the project and is aiming for a launch in 2026 or 2027 and that it may cost around $1,000. The tabletop home robot could serve multiple purposes, including letting users attend video conferences, monitor home security, control smart homes, and more. Apple is currently testing a customized version of iPadOS to go with it, allowing it to respond to voice commands using Siri or Apple Intelligence. #Apple #Robot #AI #Tech #InsideTechWorld Image: Apple
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