May 25, 2024
Tech News
LVMH has extended its partnership with Alibaba Group to enhance luxury retail experiences in China using AI and cloud technologies. This includes integrating Alibaba Cloud’s generative AI capabilities to create new applications and services, aiming to optimize business operations and enhance customer insights. The partnership, initiated in 2019, has been extended for an additional five years, with LVMH introducing around 30 of its brands to Tmall Luxury Pavilion.
Singapore has partnered with Microsoft to assist small and medium-sized enterprises (SMEs) in boosting their productivity. This collaboration focuses on leveraging Microsoft’s technology and platforms to provide SMEs with tools and resources to enhance their operations and competitiveness.
Samsung Electronics has appointed a veteran executive to address the ongoing chip crisis, signaling the company’s proactive approach to navigating the challenges in the semiconductor industry. This move is part of Samsung’s strategy to strengthen its position and ensure stability in the supply chain.
The National University of Singapore has unveiled a new chip technology, marking a significant advancement in the field of semiconductor research and development. This innovation is expected to contribute to the global tech industry by offering more efficient and powerful chip solutions.
Tech Explained
Generative AI – Generative AI refers to AI systems that can create new content, such as images, text, or audio, based on patterns and data it has been trained on.
Semiconductor – A semiconductor is a material that has electrical conductivity between that of a conductor and an insulator. It is a crucial component in the production of electronic devices like chips and transistors.
Supply Chain – A supply chain is a network of organizations, resources, activities, and technologies involved in the creation and distribution of a product or service to the end consumer.
To stay ahead in the competitive tech industry, it is essential for businesses to establish a strong online presence. Register a domain name and sign up for a reliable web hosting service to showcase your products and services effectively. Visit here to get started.
