EU lists critical tech | Musk to face music with fraud lawsuit

EU lists critical tech

The European Commission published a list of four of the most critical technologies it believes Europe must monitor more carefully so that hostile states can’t aquire it easily.

Technologies include advanced semiconductors; artificial intelligence, including cloud computing; quantum technologies; and biotechnologies, including genetic modification techniques.

The European Commission will carry out risk assessments with member states by the end of the year. They will determine what follow-up measures to take and could include export controls.

“We need to continuously monitor our critical technologies, assess our risk exposure and — as and when necessary — take measures to preserve our strategic interests and our security,” EU Internal Market Commissioner Thierry Breton said.

Europe is “putting an end to the era of naivety”, Breton added. There was no direct mention of China or Russia but the targets of the list are clear, Yahoo news stated.

https://www.irishtimes.com/business/2023/10/03/eu-moves-to-protect-key-tech-as-it-eyes-china-threat/ 

Musk must face music — late disclosure of Twitter stake results in lawsuit

Elon Musk has been ordered to face “most of a lawsuit” by a US judge. It’s claimed that he defrauded Twitter shareholders last year by waiting too long to say he’d invested in the social media company.

Judge Andrew Carter said shareholders in the proposed class action could try to prove that Musk intended to defraud them by waiting 11 days past a US Securities and Exchange Commission deadline to reveal he had bought 5% of Twitter’s shares.

Carter added he could not infer that Musk was “too busy” to comply with SEC rule if he could find the time to buy Twitter shares, meet with company execs, and post online about the social media firm.

https://timesofindia.indiatimes.com/business/international-business/elon-musk-must-face-fraud-lawsuit-for-disclosing-twitter-stake-late/articleshow/104138483.cms?from=mdr

LinkedIn unveils new AI features for recruiters

LinkedIn is preparing to add new artificial intelligence features to its platform that will ease the process of finding candidates. Traditionally, recruiters would need to search LinkedIn’s database by using data filters, keywords, and other search engine techniques. Now they can pose questions naturally and the computer can ask questions back.

It may ask the recruiter whether they are interested in qualified applicants in another city where the company also has offices, or people whose job titles are not an exact match but have similar skills.

The social media platform is also adding similar tools for sales professionals searching for prospects. It will also be introducing a tool that will use AI to read a company’s website and create a marketing campaign for business-to-business products and services that will then run on LinkedIn’s site.

https://www.marketscreener.com/quote/stock/MICROSOFT-CORPORATION-4835/news/LinkedIn-taps-AI-to-make-it-easier-for-firms-to-find-job-candidates-44973594/

Samsung partners with new chip player Tenstorrent

South Korean electronics manufacturer, Samsung, will partner with a new artificial intelligence semiconductor player, Canadian start-up Tenstorrent — one of the companies seeking to challenge Nvidia. The company produces chips and intellectual property (IP) for data centres and markets such as the automotive industry.

As part of the deal, Tenstorrent will use one of Samsung’s advanced manufacturing processes units, known as 4nm, to produce the chips.

The chip Samsung will manufacture has been named Quasar and is not based on RISC-V technology.

In a statement, Tenstorrent’s CEO Jim Keller said “Tenstorrent’s focus is on developing high performance computing and delivering these solutions to customers around the world.”

A figure for the deal has yet to be announced.

https://www.businessworld.in/article/Samsung-To-Manufacture-AI-Chips-With-Canadian-Startup-Tenstorrent/03-10-2023-493557/

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