Business News
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
The excitement around Labubu toys is beginning to mirror the rise and fall that led to the Beanie Babies crash in the 1990s, signaling caution for investors, according to an analyst. The excitement surrounding the sharp-fanged monster dolls is reaching
Apple has expedited its succession plans as the company readies for Chief Executive Tim Cook to possibly resign as soon as next year, according to the reports. Apple’s board and senior leaders have recently intensified their efforts to ensure a
Nike Inc. has concluded a program that provided employees with an additional week off annually to support mental health and wellness. Nike’s annual “Wellness Week,” initiated in 2021, has taken place every August, during which the world’s largest sportswear company