Money

Intel’s Russia business made no money last year – and only has one employee

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Intel’s Russian operations resulted in nil profit last year as a result of sanctions and restrictions imposed within the country by Western governments following Russia’s invasion of Ukraine more than two years ago, according to a recent Abachy report. In a similar vein to its rocky year globally, the company’s two Russian entities, Intel AO … Read more

Chip firm founded by ex-Intel president plans massive 256-core CPU to surf AI inference wave and give Nvidia B100 a run for its money — Ampere Computing AmpereOne-3 likely to support PCIe 6.0 and DDR5 tech

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Ampere Computing unveiled its AmpereOne Family of processors last year, boasting up to 192 single-threaded Ampere cores, which was the highest in the industry.  These chips, designed for cloud efficiency and performance, were Ampere’s first product based on its new custom core leveraging internal IP,  signalling a shift in the sector, according to CEO Renée … Read more

Scientists urged to collect royalties from the ‘magic money tree’

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Credit: Richard Drury/Getty “Lots of our members call us ‘the magic money tree’,” says Alison Baxter, head of communications for the Authors’ Licensing and Collecting Society (ALCS), based in the United Kingdom. “They don’t really understand where the payments come from,” she says, “but they like getting them.” The ALCS is one of a global … Read more

Report: Most Subscription-Based Apps Do Not Make Money

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Most mobile apps with subscriptions do not make money, a new in-depth analysis finds. The “State of Subscription Apps” report comes from RevenueCat (via TechCrunch), a prominent mobile subscription toolkit provider. With nearly 30,000 apps utilizing its platform for monetization management, RevenueCat is able to provide a reliable overview of the subscription app landscape thanks … Read more

Rivian is halting construction of its $5 billion Georgia plant to save money

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Rivian generally had a good day yesterday, launching the R2 SUV along with the surprise R3 crossover and dune buggy-esque R3X that were met with general acclaim. Buried in that press release, however, was the news that the automaker is halting production of its $5 billion Georgia plant in order to save money. Instead of … Read more

China promises more money for science in 2024

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President Xi Jinping at the opening of the second session of the 14th Chinese People’s Political Consultative Conference.Credit: Lintao Zhang/Getty China’s spending on science and technology is set to rise this year, despite the country’s sluggish economic growth. The government will spend 371 billion yuan (US$52 billion) on science and technology in 2024 — a … Read more

5 Awesome ChatGPT Side Hustles: Make Money with AI

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If you’re considering diving into the world of side hustles, AI tools such as ChatGPT can significantly streamline the operation and management of your venture. In the contemporary digital landscape, the application of artificial intelligence (AI) technology, with a special focus on tools like ChatGPT, for generating supplementary income is not only becoming increasingly feasible … Read more