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The matrix, decoded: How QR codes are transforming payments in India
That may not have been the application QR code's Japanese founder had in mind when he was looking for a better alternative to barcodes in manufacturing setups. But today, if there is a ubiquitous face of the digital world, it could well be a pixelated one: the QR code.
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Japan's SoftBank to take $2 billion stake in computer chip maker Intel
Japanese technology giant SoftBank Group plans to take a $2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing and other advanced technology in the United States, the companies said Monday. Shares in both companies fell Tuesday after the announcement, which coincided with unconfirmed reports that President Donald Trump is considering having the U.S. government buy a stake in the chip maker. SoftBank invests in an array of companies that it sees as holding long-term potential. It has been stepping up investments in the United States since Trump returned to the White House. In February, its chairman Masayoshi Son joined Trump, Sam Altman of OpenAI and Larry Ellison of Oracle in announcing a major investment of up to $500 billion in a project to develop artificial intelligence called Stargate. SoftBank plans to buy $2 billion of Intel's common stock, paying $23 per share. "Semiconductors are the foundation of every industry, Son said in a statement. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role." Intel helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. and Advanced Micro Devices Inc. and is shedding thousands of workers and slashing costs under its new CEO, Lip-Bu Tan. Intel plans to end the year with 75,000 "core" workers excluding subsidiaries, through layoffs and attrition, down from 99,500 core employees at the end of 2024. The company previously announced a 15% workforce reduction. Trump recently said Tan, who was made CEO in March, should resign but after meeting with him last week said he had an "amazing story." SoftBank's shares were down 2.2% Tuesday in Tokyo, while Intel's dropped 3.7% on Monday in New York.
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OpenAI CEO Sam Altman makes fun of Elon Musk's Grok, says ‘some companies go…'
OpenAI CEO Sam Altman has poked fun at Elon Musk 's AI chatbot Grok . In a conversation with The Verge and other reporters, Altman said 'You will definitely see some companies go make Japanese anime sex bots', adding that OpenAI wants to make useful apps and not exploit 'those in fragile mental states.' Sam Altman: AI is in a bubble During the conversation, Altman said that we are in an AI bubble. He said: 'Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes', adding 'Is AI the most important thing to happen in a very long time? My opinion is also yes.' He also compared the market reaction to AI to be similar to that of dot-com bubble in the 90s. 'When bubbles happen', Sam Altman said 'smart people get overexcited about a kernel of truth. If you look at most of the bubbles in history, like the tech bubble, there was a real thing. Tech was really important. The internet was a really big deal. People got overexcited.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Knee Pain Keeping You Up at Night? This Trick Could Help Instantly Read More Undo Sam Altman's warning for startups He further issued a warning for the startup community saying that given the present frenzy of investment in AI 'someone's gonna get burned'. Altman emphasised that the frenzy of investment and sky-high valuations is unsustainable. 'Someone is going to lose a phenomenal amount of money. We don't know who, and a lot of people are going to make a phenomenal amount of money,' Altman said. 'My personal belief, although I may turn out to be wrong, is that, on the whole, this would be a huge net win for the economy.' 'You should expect OpenAI to spend trillions of dollars on data center construction in the not UPI Transactions Getting Safer: Big Change Explained
