Business News
Southeast Asian e-commerce industry is set for another year of double-digit growth, driven by video-based retail and AI-driven shopping tools, as reported by Google, Temasek Holdings, and Bain & Co., as cited by Nikkei Asia. The report anticipates that gross
A struggle for dominance over a relatively obscure chip manufacturer has jeopardized global automotive production by disrupting the semiconductor supply chain, although indications suggest that the crisis may be moving closer to a resolution. The ongoing power struggle surrounding Nexperia,
Obesity drug developer Metsera said on Friday that it accepted Pfizer’s $10 billion acquisition offer, in what could be the end of a bidding war between the New York-based pharma giant and rival Novo Nordisk that erupted over the past
Nvidia Corp. Chief Executive Officer Jensen Huang stated that his company is currently unable to sell its AI chips in China, as both Washington and Beijing have implemented restrictions on sales into the world’s largest semiconductor market. Huang arrived in
Amazon.com Inc. is taking legal action against Perplexity AI Inc. in an effort to prevent the startup from assisting users in purchasing items on the world’s largest online marketplace. This lawsuit sets the stage for a confrontation that could influence
On Monday, OpenAI revealed a multi-year strategic partnership valued at $38 billion with Amazon Web Services. This collaboration is designed to grant the ChatGPT creator access to AWS’s sophisticated cloud infrastructure, facilitating the support of its expanding artificial intelligence workloads.
Amazon.com Inc. reported strong cloud growth, providing reassurance to investors that the substantial investments—amounting to tens of billions of dollars—that the company and its competitors are making in artificial intelligence will yield positive returns. In the third quarter, Amazon Web
Netflix is considering the possibility of making an offer for the studio and streaming business owned by Warner Bros. Discovery, according to sources. The company has reportedly engaged a financial advisor and obtained access to financial information. Sources indicate that
Mercedes-Benz, a German automobile manufacturer, made the announcement on Wednesday that its core automobiles business achieved margins that were stronger than that which was anticipated. This was driven by increased sales of premium models. The impact of one-time costs that
Global automakers are urgently seeking chips and consulting with suppliers to assess their stock levels, as an escalating semiconductor supply crisis linked to Dutch company Nexperia jeopardizes car production throughout the industry. Beijing has prohibited the export of Nexperia’s products