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X Agrees to Pay $10 Million in Settlement Over Trump Lawsuit

February 13 2025 | TW News Correspondent

Social media platform X, formerly known as Twitter and owned by Elon Musk, has agreed to pay $10 million in damages in a lawsuit filed by former U.S. President Donald Trump, according to a report by The Wall Street Journal. Reuters also reported the...
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Adobe Unveils Firefly Video Model to Rival AI Video Tools

February 13 2025 | TW News Correspondent

Adobe has introduced an AI-powered video generation tool called Firefly Video Model, aiming to compete with OpenAI’s Sora and startup Runway, according to a report by Reuters.

The AI model is designed to integrate with Adobe’s Premiere Pro software, assisting filmmakers and television producers in enhancing and refining video cont...
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OpenAI's board has not received Musk's takeover bid, source says

February 12 2025 | TW News Correspondent

OpenAI's board has not yet received a formal bid from an Elon Musk-led consortium, although a lawyer for the billionaire said the offer had been sent to OpenAI's outside counsel.

A day after Musk publicized a bid to offer $97.4 billion to buy the nonprofit that controls ChatGPT maker OpenAI, the two si...
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Baidu CEO says more AI spend still needed despite DeepSeek's success

February 11 2025 | TW News Correspondent

Investment in data centres and cloud infrastructure is still needed despite DeepSeek challenging the cost efficiency of large AI models, Baidu (9888.HK), opens new tab CEO Robin Li said on Tuesday.

"The investment in cloud infrastructure is still very much required. In order to come up with models that are smarter than everyone else, you have to use more compute," Li tol...
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Musk-led group makes $97.4 billion bid for control of OpenAI

February 11 2025 | TW News Correspondent

A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm.

Musk's bid is likely to ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the ChatGPT maker at the heart of a boom in generative AI te...
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Apple and Google Remove Malware-Infected Apps from App Stores

February 11 2025 | TW News Correspondent

Apple and Google have removed 20 malware-infected apps from their respective app stores, which had been used for data theft for nearly a year. Cybersecurity firm Kaspersky reported that the malware, known as “SparkCat,” had been active since March 2024. The information was first reported by TechCrunch.

I...
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Macron unveils a $112B AI investment package, France’s answer to Stargate

February 10 2025 | TW News Correspondent

French President Emmanuel Macron announced a total of €109 billion in private investments in the AI ecosystem (around $112 billion at current exchange rates) on Sunday evening.

This week, Paris is hosting the Artificial Intelligence Action Summit-the third international summit focused on AI after the one in Bletchley Park in the U.K.,...
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South Korea spy agency says DeepSeek 'excessively' collects personal data

February 10 2025 | TW News Correspondent

South Korea's spy agency has accused Chinese AI app DeepSeek of "excessively" collecting personal data and using all input data to train itself, and questioned the app's responses to questions relating to issues of national pride.

The National Intellige...
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Nokia picks Intel's AI and data centre leader Hotard as new CEO

February 10 2025 | TW News Correspondent

Finnish telecoms company Nokia (NOKIA.HE), opens new tab on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.

Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Gr...
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