Author: Riya M
It has also reaffirmed the global tech giant Microsoft to invest $1.3 billion in Mexico in its emerging tech hub market. This massive investing plan is to improve the AI base, skill up millions in the digital field, and promote SME’s digitalization across Mexico. The investment, unveiled in collaboration with Microsoft’s officials and Mexican government counterparts, is one of the biggest high-tech investments in the country’s history. This means a lot for supporting Mexico as an ideal destination for technical development and digital Leadership in Latin America. Indeed, at the center of Microsoft’s investment strategy is the contemporary artificial intelligence…
, in an attempt to lure foreign investment, Mexico’s newly created digital agency has pledged to cut the time it takes to establish manufacturing operations in the country considerably. The simplified system is expected to reduce the average waiting time from close to three years to over a year and can boost Mexico’s nearshoring proposition. The government digital agency, launched by President Claudia Sheinbaum’s administration on a national level, has set its goal to streamline and consolidate about 7,000 governance procedures through a unified online platform. In the future, this is thought to drastically lessen organizational obstacles and lengthen time…
Spanish multichannel delivery platform Glovo has unveiled a major update to its application, adding new social elements and a video feed for the users of Madrid and Barcelona. The change that commenced today is a significant one for the company, part of a general new focus on the delivery market in an attempt to increase usage rates and further establish itself. The new social features enable people to sign up for the profiles, add friends, and simultaneously share restaurants and delivery experiences within the application. By doing so, Glovo shifts from a delivery app to a social network focused on…
The Madrid TECH Show 2024 officially commenced today at IFEMA facilities, with stakeholders in the technology market attending from across Europe and globally. The two days’ conference, which takes place on the 16th and the 17th of October, addresses such topics as cloud computing, artificial intelligence, cybersecurity, and data management. The participants of this year’s show expect more than 15 thousand visitors to check the exhibition presentations of more than 300 companies. The event’s organizers put this growth down to the increased prominence of digitalization after the pandemic and Madrid’s gradual ascension to the ranks of tech city hubs in…
Today, the City of Chicago announced a new bold plan for reducing digital inequalities and expanding Internet connectivity across every community in the city. The predecessor of the program is “Chicago Connected,” and the new version is “Chicago Connected 2.0.” it is a greatly expanded project and represents a major step forward in the city’s attempts to deliver fast internet connections and digital skills to the forgotten communities. Standing with city officials and representatives of the technology industry, Mayor Brandon Johnson unveiled the $50 million plan at a community center on the South Side’s Englewood neighborhood. The goal of the…
Another boost for Chicago’s developing technological landscape TechNova, a Chicago-based startup company, revealed today that the firm has already closed its Series C at $150m. Sequoia Capital spearheaded the funding round, a record for any single funding round for a Chicago headquartered tech firm in 2024. TechNova based in Chicago was established in March, 2020 by University of Chicago former student, Sarah Chen and Michael Rodriguez, has grown to be among the most promising companies in artificial intelligence especially by virtue of a natural language processing. About Less Than, the company’s primary offering, an AI-based language translation tool, has found…
In a highly-charged, jubilant launch in Tokyo today, Tesla and its chief, Elon Musk showcased two marvelous products Cybercab and Robovan. The presentation which was held at the recently inaugurated Institute of Science Tokyo is a signal of the evolution of Tesla’s product strategy towards the future of automated transport solutions. Other focal attractions bespoke to the design approach included the Cybercab, an intelligent and futuristic autonomous taxi car in the cylindrical angular body design of Cybertruck. The Cybercab was said to be going into production in 2026, and the vehicle will then retail at below $30,000. With this intense…
Tokyo Institute of Technology and Tokyo Medical and Dental University have now merged to become the Institute of Science Tokyo or Science Tokyo, which will be a turning point for higher education institutions in Japan. As a result of the merger that began on October 1, 2024, the country has attained another important step in improving research capacity and competitiveness for science and technology. The establishment of the Institute of Science Tokyo is to combine the two institutions in order to provide the best both research and education institutions in the world. Science Tokyo with its focus on engineering and…
A team of researchers at the Florida Institute of Technology has risen to the challenge and created an artificial intelligence system that can accurately predict the intensity and, arguably, the course of hurricanes. Announced at a press conference held at the University’s Melbourne campus today the new technology has the capability of changing the face of storm forecasting that will enhance emergency planning in the state. This ground-breaking new AI based weather prediction system was spearheaded by Dr. Ashok Pandit, a meteorologist who retired from Florida Tech after 42 years of service. The computer system, which is called ‘HurricanAI’, involves…
Tesla today introduced the robotaxi at a live event in Miami Beach as the company takes another step towards the realization of autonomous vehicles. The stylish and modern vehicle, referred to as the ‘Cybercab’ is an example of what Tesla believes the city car of the future will look like. Introducing the new Cybercab, presented by Elon Musk, CEO of Tesla, the latter is a life-changer as it will eliminate the need for ride-hailing and offer people a unique full-electric automobile environment. The electric rover robotaxi is styled for passengers, has large doors like a car’s but there is no…