OpenAI, a leading force in the artificial intelligence space, has officially introduced the third generation of its text-to-image model, DALL·E. The upgraded version will be available to ChatGPT Plus and Enterprise users starting in October. DALL·E 3 significantly enhances image generation capabilities, allowing users to create high-quality, visually rich outputs even from short and simple text prompts. One of the most notable advancements is its seamless integration with ChatGPT. This feature enables users to request alternative visual descriptions directly within a ChatGPT conversation, select their preferred prompt, and generate detailed images instantly. According to OpenAI, DALL·E 3 is far more...
Charter acquires Cox Communications in $21.9 billion deal, reshaping U.S. telecom landscape
A major shift is underway in the U.S. telecommunications industry. Charter Communications is acquiring its long-time rival, Cox Communications, in a landmark deal worth $21.9 billion. As part of the agreement, Charter will also assume Cox’s $12.6 billion in net debt, bringing the total enterprise value of the deal to $34.5 billion. The newly formed entity will be led by current Charter CEO Chris Winfrey, who emphasized that the merger will boost innovation capacity and enhance the delivery of high-quality, competitively priced services to consumers. Founded in 1898 by former Ohio Governor James Cox, Cox Communications is the largest division...
Microsoft to cut 7,000 jobs globally to fuel AI-focused strategy
In an effort to sharpen its competitive edge in an evolving tech landscape, Microsoft is set to reduce its global workforce by approximately 3%, impacting around 7,000 employees. The decision is part of a broader plan to reallocate resources toward artificial intelligence investments and infrastructure development. The company, which employs over 220,000 people worldwide, is expected to implement these cuts across multiple divisions, including subsidiaries such as LinkedIn and Xbox. This marks Microsoft’s largest wave of layoffs since January 2023, when the company let go of 10,000 employees. As demand for AI-driven products and services accelerates, Microsoft is preparing to...
Coinbase to acquire crypto derivatives platform Deribit for $2.9 billion
In a major move to expand its footprint in the crypto derivatives market, Coinbase has announced its intention to acquire Deribit for $2.9 billion. The deal includes a $700 million cash payment and the transfer of 11 million Class A Coinbase shares to Deribit. This strategic acquisition is expected to strengthen Coinbase’s presence in the European and Asian markets, where demand for crypto options and futures trading continues to rise. U.S.-based financial analysts view the deal as a significant opportunity for Coinbase—especially if crypto options and perpetual futures trading gain regulatory approval in the United States, which could significantly boost...
Microsoft bans DeepSeek over data security and propaganda concerns
Microsoft has officially prohibited its employees from using the China-based AI application DeepSeek, citing serious concerns about data privacy and potential propaganda content. During a recent hearing in the U.S. Senate, Microsoft Vice Chair and President Brad Smith announced the decision, highlighting the risks associated with how DeepSeek handles user data. According to Smith, user information collected by the app is stored on servers located in China — a country where local laws require such data to be shared with intelligence agencies upon request. Another key concern raised is DeepSeek’s content filtering mechanisms. The application reportedly censors information on topics...
