Business News
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
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