Webtagr - Technology News Summarizer

The Reclusive Billionaire Behind Tether: A Battle in the Crypto World

2025-03-04

Giancarlo Devasini, one of the world's newest billionaires, leads a reclusive life in Lugano, Switzerland. He lives modestly, but fiercely contends with an American rival he believes is trying to destroy his business. Devasini is the main owner of Tether, whose digital dollar is crucial to the cryptocurrency industry. Tether's importance has made him incredibly wealthy and influential, backed by a top Trump ally.

(www.wsj.com)

Tech Billionaire

TSMC to Invest $100B in US Chip Plants

2025-03-03

Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest $100 billion in building state-of-the-art chip manufacturing plants in the U.S. over the next four years. This massive investment aims to bolster the U.S.'s efforts to revive its domestic semiconductor industry, a goal pursued for decades as manufacturing shifted largely to Asia.

(www.wsj.com)

Tech US Investment

The Unexpected Boom in American High School Shop Classes

2025-03-03

US school districts are investing tens of millions of dollars to revamp and expand high school shop classes, focusing on hands-on work with wood, metal, and machinery. These programs emphasize practical skills, offering students access to lucrative, often overlooked, careers in a digital age. School officials believe this vocational training broadens career prospects for students, regardless of their college plans.

(www.wsj.com)

Tech vocational education shop class revival manual skills

Microsoft Pushes Trump Admin to Relax AI Chip Export Restrictions

2025-02-27

Microsoft is pressing the Trump administration to loosen and simplify a new system restricting sales of cutting-edge U.S. AI chips to much of the world. In a blog post, Microsoft called for easing limits on chips used in data centers for training AI models, exempting U.S.-friendly nations like India, Switzerland, and Israel. These countries fall under the second tier of a three-tier export control system.

(www.wsj.com)

Tech

OpenAI's GPT-5 Project Hit by Delays and High Costs

2024-12-23

OpenAI's highly anticipated GPT-5 project, codenamed 'Orion,' is significantly behind schedule and facing substantial cost overruns, according to the Wall Street Journal. Intended as a major leap forward for the technology powering ChatGPT, the project is encountering challenges, including concerns about insufficient data to reach its ambitious intelligence goals. Microsoft, OpenAI's largest investor, had expected the new model by mid-2024, but that timeline is now uncertain. The project, underway for over 18 months, faces an unclear future.

(www.wsj.com)

AI