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What's New In Consumer Tech World Last Week? News That You Should Know (May 19-May 25)

The European Council has given the final nod to the Artificial Intelligence (AI) Act, a pioneering law that will establish global standards for AI regulation. South Korea has announced a 26 trillion won ($19 billion) support package to keep its semiconductor sector competitive. In the face of growing threats from China’s Xi Jinping administration, Taiwan’s new minister of science and technology, Wu Cheng-wen, is confident that the island’s most crucial company, Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), will be able to protect its proprietary advanced technology as it expands overseas. Also Read: Jeff Bezos Was One Of Google’s Early Investors: Here’s How Much His $250K Investment Would Be Worth Today China’s leading internet company Tencent (OTC:TCEHY) and AI firm iFlytek have significantly reduced the prices of their large-language models (LLMs). Gaming Microsoft Corp. (NASDAQ:MSFT) Activision initiated the marketing campaign for “Call of Duty: Black Ops 6” with the release of its first teaser. Also Read: Marvel’s ‘What If…? – An Immersive Story’ To Debut On Apple Vision Pro: Here’s What Fans Can Expect On May 30 Sony Group Corp. (NYSE:SONY) is developing a PlayStation mobile platform to join the $90 billion mobile gaming market. It also recently released a YouTube video titled "Sony’s Creative Entertainment Vision," offering a glimpse into what gaming might look like in the next decade. Related: GTA 5 And 11 Other Games Leaving PlayStation Plus Extra Tier In June Nintendo ADR (OTC:NTDOY) has announced the acquisition of Shiver Entertainment, the team responsible for the Nintendo Switch ports of popular games like “Hogwarts Legacy” and “Mortal Kombat 1.“ Also Read: Larian Studios, Creator Of Baldur’s Gate 3, Launches Seventh Studio For ‘Very Ambitious’ RPGs Tech Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang has highlighted the significance of the its partnership with Dell Technologies Inc. (NYSE:DELL) in expanding the reach of its artificial intelligence technology. Related: Jensen Huang Reveals That Demand For Nvidia GPUs Is ‘Just So Strong’ That Supply Takes A Hit Also, Jensen Huang is upbeat about the latest Blackwell chips after it delivered better-than-expected results in the March 2024 quarter. Also Read: While Jensen Huang Is Bullish About Nvidia’s Future, Report Says His $2.5 Trillion Booming AI Business Faces Challenges From Rivals And Market Dynamics Samsung Electronics' latest high bandwidth memory (HBM) chips have reportedly failed the tests conducted by Nvidia for use in its AI processors. The failure is attributed to issues related to heat and power consumption. LG Corporation is reportedly pausing its partnership with Meta Platforms Inc (NASDAQ:META) to develop an extended ...