Latest News
UK Competition and Markets Authority opens investigation into Microsoft’s partnership with OpenAI
By Globe Banner | Dec 11, 2023
The Competition and Markets Authority (CMA) disclosed on Dec. 8 that it would be probing the partnership between a software company and an AI firm, which they believe has created a merger under the Enterprise Act of 2002. The authority will also examine how this situation might impact competition in UK markets for goods or services.
Columbia professor: ‘Binance's net contribution to a more inclusive financial system is something to be commended’
By Globe Banner | Nov 29, 2023
Omid Malekan, an author and adjunct cryptocurrency professor at Columbia Business School, said in a Nov. 22 post on X that Binance, the largest crypto exchange in the world, has been more successful than many traditional financial institutions in expanding financial inclusion to underserved populations. The platform's wide reach and user-friendly tools are key components of this success.
OpenAI reverses course on CEO Altman ouster
By Globe Banner | Nov 22, 2023
Following intense internal negotiations, Sam Altman will resume his role as CEO at OpenAI. This change is in response to pressure from employee dissatisfaction and Microsoft's proposal to Altman. OpenAI's posted to X late November 21 and confirmed Altman's return and a revamped board.
Broadcom finalizes acquisition of VMware
By Globe Banner | Nov 22, 2023
Broadcom finalized a deal with VMware that acquires the cloud computing software provider into the ownership of Broadcom for $69 billion. This landmark deal, completed in 2022, saw one of the world's leading infrastructure technology companies significantly expand its portfolio.
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Sam Altman reinstated to OpenAI as CEO
By Globe Banner | Nov 22, 2023
With an artificial intelligence boom on the verge, OpenAI finally reinstates former CEO Sam Altman to the head of the company only days after his initial firing. This recent development has been brought forward amidst speculation and scant transparency regarding Mr. Altman's dismissal.
Emmett Shear named interim CEO for OpenAI, while the board regrets the ousting of Altman
By Globe Banner | Nov 20, 2023
``` Reuters reports that OpenAI recently called Emmett Shear, the former CEO of Twitch, to be the interim chief executive in place of Sam Altman. This change was necessitated due to a controversy surrounding Mr. Altman's exit from the company. The departure of Sam Altman from OpenAI has sparked notable reactions within the company. According to a Thomson Reuters article, today, almost every...
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Sam Altman unlikely to return to his position as CEO at OpenAI
By Globe Banner | Nov 20, 2023
``` BBC reports that the former CEO of OpenAI, Sam Altman, has recently posted a photo of himself at the company's headquarters; however, it is unlikely that he will make his way back ever again. This recent development has emerged amidst significant leadership changes at OpenAI. Altman's controversial departure from the company he helped establish has been closely monitored by various media outlets. According to a BBC article, Sam Altman posted on X a picture of...
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OpenAI board called to resign and reinstate CEO Sam Altman
By Globe Banner | Nov 20, 2023
BBC reports that employees of the artificial intelligence company OpenAI are calling for the board of the company to resign after the firing of former CEO Sam Altman. This comes in light of allegations that his dismissal was a deliberate attempt by the board to undermine the company.
Sam Altman, OpenAI CEO, explains new returns for the ChatGPT bot
By Globe Banner | Nov 19, 2023
Reuters reports that the CEO of OpenAI, Mr. Sam Altman, who was recently fired from the position, is now saying there is a possible return for the ChatGPT bot. The turmoil at OpenAI has left investors and employees alike anxious about the future of the company.
At a CAGR of 6.61%, the aircraft engine compressor market grows
By Globe Banner | Nov 18, 2023
Technavio reports that the aircraft engine compressor market is to grow by $11.73 billion from 2023 to 2028, driven by an increase in aircraft deliveries. This growth rate is largely attributed to the increased demand for new aircraft engines amidst a surge in air traffic and aviation expansion in key economic countries.
The global AI in patient engagement market to grow by astonishing 21% CAGR
By Globe Banner | Nov 18, 2023
Research and Markets released a report saying that the Global AI In Patient Engagement market is predicted to grow exponentially in the coming years, reaching $23.1 Billion by 2030. The study predicts the surge due to the increasing utilization of AI technologies in the healthcare sector.
Global Business and Government Align on AI Governance Amid Market Expansion
By Globe Banner | Nov 17, 2023
In an era marked by rapid advancements and significant market growth in artificial intelligence (AI), global leaders from both government and industry sectors are increasingly advocating for a unified international framework to govern AI development and application. This movement is catalyzed by the recognition of AI's escalating influence across industries and its potential economic impact.
Google & Alphabet Introduce ‘AI Opportunity Agenda’
By Globe Banner | Nov 15, 2023
Google & Alphabet recently released what they are calling the ‘AI Opportunity Agenda,’ targeting global business and government leaders with policy recommendations for artificial intelligence development and application.
The starch derivatives market is expected to reach $68.4 billion by 2028
By Globe Banner | Nov 12, 2023
Markets and Markets released a report detailing the rapid growth of the global starch derivatives market, which is at $57.9 billion as of 2023 and is projected to reach $68.4 billion by 2028, expanding at a CAGR of 3.4%.
Exxon plans to start lithium production in Arkansas
By Globe Banner | Nov 11, 2023
Thomson Reuters reports that Exxon Mobil has recently announced a plan to begin electric vehicle battery metal, or lithium, production in Arkansas in 2026.
Vancouver-based tech companies are reshaping vendor sourcing
By Globe Banner Report | Nov 10, 2023
Olive, a tech evaluation program, and Procurify, a spend management software, are partnering to offer a new solution for streamlining vendor sourcing, selection, and procurement processes for businesses worldwide. Through the partnership, the companies aim to simplify the vendor selection process for IT managers.
Leading crypto exchange presents ‘case studies on tackling money laundering’ for Brazilian law enforcement
By Globe Banner | Nov 7, 2023
Binance, the largest cryptocurrency exchange in the world, recently participated in the first State Financial Intelligence Workshop hosted by law enforcement in Brazil. The workshop aimed to provide law enforcement officials with insights and strategies to tackle money laundering in the crypto space. Binance, which launched its law enforcement training program in September 2022, has been actively involved in training sessions and sharing best practices with law enforcement agencies worldwide.
The image recognition market is expected to grow rapidly, boasting a CAGR of 18.53%
By Globe Banner | Nov 5, 2023
The image recognition market is anticipated to experience substantial growth, expected to increase by $59.81 billion from 2022 to 2027, according to a report released by Technavio. "The image recognition market is expected to grow rapidly," the company said.
Despite rising oil prices, BP still struggles to increase profit
By Globe Banner | Oct 31, 2023
BP, the energy giant, has reported lower than expected profits despite the recent rise in global oil prices, according to a report by BBC. The company was predicted to make $4 billion between July and September of this year, but instead, they came out with only $3.3 billion.
The multimodal AI market show opportunities for growth
By Globe Banner | Oct 27, 2023
Research And Markets released a report detailing the growth of the multimodal AI market in enterprise applications. According to Cision's PR Newswire, the report titled "Multimodal AI Growth Opportunities in Enterprise Applications" provides an inclusive overview of the emerging multimodal AI use cases across industry verticals and horizontal business functions. It also highlights the key drivers and restraints impacting the AI market, making it a valuable resource for technology vendors and service providers.