Google is pausing an AI tool that creates images of people following inaccuracies in some historical depictions the model generated, the latest hiccup in the Alphabet-owned company’s efforts to catch up with rivals OpenAI and Microsoft. Company has been racing to produce AI software rivalling OpenAI, Microsoft. Google is pausing …
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Thanks to AI, and its head start making graphics cards, Nvidia’s value has already hit $2T
Technology giant Nvidia is hitting new heights thanks to demand for products connected to artificial intelligence, leading the chip maker to a market value that this week approached that of the entire Canadian economy. Chipmaker’s market capitalization briefly rivalled Canada’s GDP. Technology giant Nvidia is hitting new heights thanks to …
Read More »Shein, Temu and other e-commerce retailers are upending global air cargo industry
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. E-commerce has biggest impact on air cargo, not Red Sea crisis, says expert. …
Read More »Dollarama reaches $2.5M settlement in class-action suit over pricing
A proposed national settlement has been reached in a class-action lawsuit about prices advertised and charged by Dollarama for products subject to an Environmental Handling Fee. The settlement still has to be approved before any compensation is paid. If approved, members of class-action lawsuit may be able to claim $15 …
Read More »Lynx Air to cease operations Monday, obtains creditor protection
The low-cost airline, based in Calgary, says it will cease operations at 12:01 a.m. on Feb. 26, though flights will continue until that time. Calgary-based, ultra low-cost airline launched in 2022 but faced ‘significant headwinds,’ company says. Lynx Air, a Calgary-based airline that launched less than two years ago with …
Read More »JAZA confident Philippines’ economic growth among fastest in Asia
Billionaire Jaime Augusto Zobel de Ayala (JAZA), chairman of the country’s oldest conglomerate Ayala Corporation, is optimistic the Philippines has the momentum to “maintain its position as one of the region’s fastest growing economies this year.” “We enter 2024 optimistic that inflation will continue to slow down and catalyze the …
Read More »PH vehicle sales sustained strong growth in January
Department of Trade and Industry (DTI) Secretary Alfredo Pascual recognizes the significant role of public and private partnerships in propelling the country’s automotive industry during the ceremonial turnover of Toyota Motor Philippines Corp.’s (TMP) presidency on Feb. 20, 2024. He also recognized TMP and the broader automotive industry’s contribution to …
Read More »TikTok is becoming a popular source for news. Can it help fill the gaps left by local TV news cuts?
Frank Cirinna didn’t necessarily set out to become someone people turn to for news headlines, but that’s exactly what has happened with his popular TikTok account, something that’s also indicative of shifting news viewership habits. Media experts say loss of news programming, journalism jobs not easily replaced. Frank Cirinna didn’t …
Read More »Metro Pacific keen on acquiring Ayala’s 35% stake in LRT 1 firm
MPIC chairman Manuel Pangilinan Metro Pacific Investments Corp. said Tuesday it is keen on acquiring the 35-percent stake of Ayala Corp. in Light Rail Manila Corp. (LRMC), the private operator of Light Rail Transit (LRT) Line 1. “I think in principle, we are [interested] for a number of reasons. One …
Read More »Renting? You probably report lower quality of life than homeowners
Statistics Canada says survey results over the last few years show renters are more prone to reporting a lower quality of life than homeowners, especially in Vancouver and Toronto. Renters also more likely to report loneliness, Statistics Canada notes. Renters are more likely to report a lower quality of life …
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