China Dominates Global Generative AI Patent Filings, Leading Technological Innovation
China leads the world in generative AI patent filings, with over 38,000 applications between 2014 and 2023, significantly outpacing the United States and other countries, according to the World Intellectual Property Organization. This rapid growth in generative AI patents, which span various sectors, highlights the technology’s potential to transform numerous industries. 3 July 2024 – China is significantly ahead in...
Bahamas Mandates Bank Integration to Boost Sand Dollar CBDC Adoption
The Bahamas will require commercial banks to facilitate access to its “Sand Dollar” CBDC to boost adoption, aiming to enhance its use in everyday transactions. This regulatory move underscores the country’s leadership in the global shift towards digital currencies. 1 July 2024 – The Bahamas, the first country to issue a central bank digital currency (CBDC), is set to introduce regulations requiring commercial banks...
Huawei’s AI-Powered Network Transformation Plan Unveiled at MWC Shanghai 2024
Huawei has announced a plan to integrate AI into networks through RAN Intelligent Agents, aiming to enhance network productivity and transform O&M, user experience, and services. This initiative is set to begin with 10,000 sites and 1,000 engineers across five cities within six months. 28 June 2024 – At the MWC Shanghai 2024, during the 5G-A & AI Roundtable, Eric Zhao, Vice President and Chief Marketing Officer of Huawei...
Baidu Launches Ernie 4.0 Turbo AI Model Amidst OpenAI API Restrictions in China
Baidu has introduced Ernie 4.0 Turbo, an upgraded AI model, aiming to strengthen its foothold in China’s AI market, while OpenAI’s impending API block in China prompts domestic AI firms to offer migration incentives. 28 June 2024 – Chinese search engine giant Baidu has unveiled an enhanced version of its artificial intelligence (AI) model, Ernie 4.0 Turbo, on Friday. This strategic move is aimed at solidifying...
Booking.com Warns of AI-Driven Phishing Surge Targeting Travelers and Hosts
Booking.com’s CISO, Marnie Wilking, warns of a surge in AI-driven phishing scams targeting the hospitality industry, emphasizing the importance of two-factor authentication and caution when dealing with suspicious emails. The company is utilizing AI to detect and block fraudulent activities on its platform. 21 June 2024 – As travelers eagerly book their summer vacations, Booking.com’s Chief Information Security...
Snap Inc. Introduces Cutting-Edge Generative AI Tools to Revolutionize AR on Snapchat
Snap Inc. has launched new generative AI tools to enhance its AR capabilities, enabling more realistic and complex special effects for Snapchat users and developers. The upgraded Lens Studio platform significantly reduces AR creation time and introduces advanced AI features, expanding creative possibilities. 19 June 2024 – Santa Monica-based Snap Inc. has unveiled its latest iteration of generative AI technology, which promises...
Hikvision Unveils Cutting-Edge LED Display Solutions at 2024 Launch Event
Hikvision unveiled its advanced LED display solutions at the 2024 Launch Event, showcasing new products and significant upgrades in technology and manufacturing. The event highlighted the debut of the 5th generation LED cabinets and comprehensive ecosystem enhancements, positioning Hikvision as a key player in the global LED market. 18 June 2024 – Hikvision, a global leader in video security solutions, marked a significant...
Hisense Secures No. 2 Global TV Shipment Rank with 6.32M Units in Q1 2024
Hisense solidifies its global market position with 6.32 million TV shipments in Q1 2024, ranking second worldwide and leading in 100-inch TVs and Laser TVs. The Hisense Mini-LED ULED U7N, the Official Television of UEFA EURO 2024™, highlights the brand’s commitment to innovation and quality. 14 June 2024 – Hisense, a leading global home appliance and consumer electronics brand, has reinforced its competitive strength in...
Amazon Invests US$230 Million in AI Startups with AWS Credits
Amazon is investing US$230 million in AWS credits to support early-stage generative AI startups, offering free access to computing power and AI models. This initiative aims to bolster the AI ecosystem on AWS, reflecting the competitive strategies among cloud providers to attract AI clients. 13 June 2024 – Amazon has announced a substantial investment of US$230 million in Amazon Web Services (AWS) credits aimed at supporting...
Musk to Ban Apple Devices at Tesla, SpaceX if OpenAI is Integrated
Elon Musk has threatened to ban Apple devices at his companies if Apple integrates OpenAI technology at the operating system level, citing security concerns. This follows Apple’s announcement of new AI features and a partnership with OpenAI, which Musk criticized for privacy issues. 11 June 2024 – Billionaire Elon Musk announced on Monday that he would prohibit Apple devices within his companies if the iPhone maker...
Apple to Unveil AI Integration and Revamped Siri at WWDC 2024 Amid Rising Competition
Apple is set to showcase its AI integration, including a revamped Siri and potential OpenAI partnership, at WWDC 2024, aiming to reassure investors and enhance user experience amid rising competition. 10 June 2024 – At its annual Worldwide Developers Conference (WWDC) 2024, Apple (AAPL.O) is set to unveil significant advancements in artificial intelligence across its software suite, including a revamped Siri voice assistant and...
Meta Platforms Develops Europe-Specific AI Technology Using Public Facebook and Instagram Content
Meta Platforms is developing AI technology specifically for Europe, using publicly shared content from Instagram and Facebook to train its models while excluding private posts to respect user privacy. 10 June 2024 – Meta Platforms Inc. announced on Monday that it is developing artificial intelligence (AI) technology specifically tailored for Europe, taking into account the continent’s diverse linguistic, geographic, and...
Microsoft Unveils New All-Digital Xbox Consoles and Game Trailers at Annual Showcase
Microsoft’s Xbox Games Showcase unveiled new all-digital versions of the Xbox Series X and S consoles and trailers for over a dozen games, including “Call of Duty: Black Ops 6” and “Doom: The Dark Ages,” aiming to bolster sales and promote Xbox Game Pass amid industry challenges. 10 June 2024 – Microsoft kicked off its annual Xbox Games Showcase on Sunday, unveiling a new all-digital version of its...
Facemoji Keyboard Introduces AI-Driven Cutout Effect for a Dynamic Typing Experience
Facemoji Keyboard has launched the Cutout Effect, an AI-driven feature that uses generative AI to create a dynamic typing experience by highlighting main figures in user-uploaded images. The keyboard app, with over 550 million downloads, continues to enhance personalization and self-expression for its global user base. 7 June 2024 – Facemoji Keyboard, renowned as the world’s first content-creation keyboard with extensive...
Meta Unveils AI-Driven Ad Targeting and New Payment Features on WhatsApp
Meta has introduced AI-driven ad targeting on WhatsApp, aiming to enhance business marketing by leveraging user behavior on Facebook and Instagram. Additionally, Meta launched an AI chatbot for business inquiries and integrated Brazil’s PIX payment method into WhatsApp’s payment tool. Meta has launched its first AI-driven ad targeting program for businesses on WhatsApp, marking a significant shift for the popular chat...
Netflix Unveils First Major TV App Revamp in a Decade to Boost User Engagement
Netflix is rolling out its first major television app revamp in a decade to help users more quickly decide what to watch, aiming to increase engagement and attract subscribers to its new ad-supported plans. The update includes larger title cards, reorganized information, and a new “My Netflix” tab, while maintaining the current recommendation algorithm. 7 June 2024 – Netflix began rolling out a major revamp of its...
Vivo Launches A Revolutionary Foldable Smartphone with ZEISS Camera and AI Enhancements
Vivo has launched the X Fold3 Pro, a foldable smartphone featuring a lightweight design, advanced durability, and exceptional camera capabilities co-engineered with ZEISS. The device also boasts powerful performance, immersive displays, and AI-powered productivity tools. 6 June 2024 – Vivo has officially launched the X Fold3 Pro, the latest addition to its groundbreaking foldable smartphone series. The X Fold3 Pro combines a...
DJI’s Groundbreaking Drone Deliveries on Mount Everest Revolutionize Mountaineering Logistics
DJI’s groundbreaking drone delivery trials on Mount Everest demonstrated the DJI FlyCart 30’s ability to transport supplies and waste in extreme conditions, potentially revolutionizing mountaineering logistics and enhancing safety for Sherpas. This innovation highlights the future potential of drone technology in high-altitude operations and environmental conservation. 5 June 2024 – DJI has successfully completed the...
Visa’s Tokenization Technology Boosts E-commerce by $40 Billion and Slashes Fraud by $650 Million
Visa’s tokenization technology has driven $40 billion in incremental e-commerce revenue and prevented $650 million in fraud over the past year, with over 10 billion tokens issued since 2014. This technology enhances payment security and offers a future where consumers have greater control over their data. 5 June 2024 – Visa has announced a significant milestone with its tokenization technology, reporting that Visa tokens...
Tencent Cloud Dominates CPaaS Market with $559 Million Revenue, Leading Digital Transformation in Asia-Pacific
Tencent Cloud has solidified its leadership in the CPaaS market in Asia-Pacific and China, achieving $559 million in revenue with the highest growth rate globally. Its comprehensive CPaaS solutions, including Chat, TRTC, and TCCC, are driving digital transformation and supporting global enterprise expansion. 1 June 2024 – Tencent Cloud, the cloud division of global technology giant Tencent, announced its leadership position in...
