Business News
A high-ranking Tesla Inc. executive noted that the electric car manufacturer evaluates its suppliers according to their technological merits instead of their geographic location, underscoring the organization’s robust collaborations with Chinese producers in light of escalating geopolitical tensions that are
HP Inc announced on Tuesday its intention to reduce its workforce by 4,000 to 6,000 jobs globally by the end of fiscal 2028. This decision is part of the company’s strategy to streamline operations and leverage artificial intelligence to accelerate
Apple Inc has announced the reduction of numerous positions as part of a significant reorganization of its sales division. According to the reports, the company is redefining its strategy for engaging with business, education, and government clients, resulting in the
Alibaba Group Holding announced on Monday that its new artificial intelligence assistant app, Qwen, achieved over 10 million downloads in just the first week of its public beta launch, with the South China Morning Post reporting that Qwen’s early performance
Meta has halted its internal research regarding the mental health impacts of Facebook and Instagram after uncovering causal evidence indicating that its products negatively affect users’ mental well-being, as revealed in unredacted documents from a class action lawsuit filed by
Mark Zuckerberg and other directors of Meta Platforms Inc. have reached a $190 million settlement regarding allegations that they did not address ongoing violations of Facebook users’ privacy and crafted an agreement to protect the billionaire CEO from personal liability,
OpenAI is collaborating with Hon Hai Precision Industry Co. to design and manufacture hardware for data centres, marking the latest initiative by the ChatGPT-maker to address its increasing demand for infrastructure to support artificial intelligence systems. Hon Hai, also referred
Paramount Skydance Corp., Comcast Corp., and Netflix Inc. are all considering offers for Warner Bros. Discovery Inc., with each endeavoring to differentiate their proposals and steer clear of overpaying for the assets. Comcast and Netflix are particularly focused on the
According to a report, Anthropic’s valuation has surged to approximately $350 billion, a significant increase from $183 billion in September, following a combined investment of $15 billion from Microsoft and Nvidia in the AI company. On Tuesday, Microsoft announced a
Samsung Electronics has significantly increased prices for certain memory chips, with hikes reaching up to 60 per cent since September, driven by a surge in demand from companies eager to establish AI data centres, according to the reports. Server manufacturers