AI Reduces Software Engineering Costs By 70% In Japanese Company's Trial
NEC, a Japanese company, has successfully employed AI to reduce labor costs for certain software engineering tasks by up to 70%. The trial, which began in May last year, has already shown promising results, with document preparation time being cut in half and meeting minute transcription reduced from 30 minutes
NEC, a Japanese company, has successfully employed AI to reduce labor costs for certain software engineering tasks by up to 70%. The trial, which began in May last year, has already shown promising results, with document preparation time being cut in half and meeting minute transcription reduced from 30 minutes to just five.
Amazon's Prime Video Watch Party feature on Twitch will be discontinued on April 2 due to declining usage, despite its popularity during the COVID-19 pandemic lockdowns. The feature allowed users to watch Prime Video shows together with friends on Twitch.
India has announced a policy shift to lower import taxes on electric vehicles (EVs) for companies investing at least $500 million and setting up local manufacturing within three years. Companies must invest a minimum of $500 million in India, establish local EV manufacturing with at least 25% domestic components, and will be allowed to import 8,000 EVs annually at a reduced 15% import duty on cars costing $35,000 and above. This move could potentially support Tesla's plans to enter the South Asian market.
Amazon workers at an air hub in Kentucky have won a significant victory after federal labor regulators found that Amazon violated labor laws by attempting to prevent workers from unionizing. The National Labor Relations Board's (NLRB) complaint requires Amazon to read a notice to workers and follow other instructions, which is seen as a significant penalty by union organizers.
Japan intends to introduce a new residency program for angel investors, aiming to attract investment funds for the nation's startups. The residency visa will be applicable within 13 designated national strategic special zones and is set to commence in the upcoming fiscal year starting in April.
Pornhub, a subsidiary of Aylo, has lost an appeal against Texas' age verification requirements for adult websites. Users in Texas will now be required to verify their age before accessing Pornhub and other adult entertainment websites owned by Aylo.
Apple has reportedly acquired DarwinAI, a Canada-based AI startup specializing in vision-based technology for manufacturing efficiency. Several members of the startup's team joined Apple's machine learning teams in January, according to their LinkedIn profiles.
Chinese scientists have successfully transplanted the first gene-edited whole pig liver into a human, in a breakthrough that could help alleviate organ shortages. The pig liver was edited to delete multiple genes associated with proteins that cause organ rejection and was transplanted into a brain-dead patient on Sunday, with no signs of organ rejection 96 hours after the surgery.
