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Snapchat’s Spiegel Shifts Focus to AI After Reviving Ad Business
Snap Inc. CEO Evan Spiegel recently announced a strategic shift towards investing more heavily in artificial intelligence (AI) and machine learning for Snapchat. This move comes as the company aims to enhance user...
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Germany Closing In on Huawei 5G Ban as Digital Ministry Resists
Germany is edging closer to a decision on removing key Chinese components from its 5G network infrastructure, with three of the four major government ministries supporting the move due to national security concerns....
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Ingram Micro Ready to Move on Plan for $1 Billion-Plus IPO
Ingram Micro Inc., a technology company backed by Platinum Equity, is gearing up for a significant milestone as it prepares for an initial public offering (IPO) that could potentially raise over $1 billion....
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Crypto Investment Firm BlockTower Capital Suffers Losses in Hack
BlockTower Capital, a prominent crypto investment firm known for managing $1.7 billion in assets, has recently become the target of a sophisticated cyber attack that has resulted in significant losses for the company....
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Uber to Buy Delivery Hero’s Taiwan Business for $950 Million
Uber Technologies Inc. has made a significant move in the Asian market by acquiring Delivery Hero SE's Foodpanda business in Taiwan for a hefty sum of $950 million. This strategic purchase underscores Uber's...
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TSMC Reports Phenomenal 60% Surge in April Sales Driven by AI Chip Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) achieved remarkable growth in April, with sales skyrocketing by 60% to NT$236 billion ($7.3 billion). This surge was primarily fueled by the sustained demand for artificial intelligence (AI)...
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Apple Nears Deal With OpenAI to Put ChatGPT on iPhone
Apple is getting ready to bring more artificial intelligence features to the iPhone. They are close to making a deal with OpenAI, a startup that specializes in AI technology. This agreement would allow...
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Pentagon Teams Up With SpaceX to Block Russia From Using Starlink
Pentagon officials and Elon Musk's SpaceX have stopped the Russian military from using Starlink internet terminals without permission in the war with Ukraine. The Defense Department's space policy chief confirmed this action, which...
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TikTok Places ByteDance Founder Among China Moguls in Singapore
ByteDance, the company behind the popular app TikTok, has been in the news recently due to a lawsuit against the US government. The lawsuit revealed that Zhang Yiming, the billionaire founder of ByteDance,...
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Amazon Commits $9 Billion to Double Singapore Cloud Push
Amazon's cloud computing division, Amazon Web Services (AWS), is planning to invest an additional $9 billion in expanding its cloud infrastructure in Singapore. This significant investment comes after AWS had already allocated over...
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Jack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’
Jack Dorsey has left the board of Bluesky, a social networking service he helped start a year ago. This happened after he felt bad about selling Twitter to Elon Musk. He made this...
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Bitcoin’s Wild Price Swings Point to the Rising Influence of ETF Buyers
Bitcoin is getting more attention from traditional investors who are new to the digital asset world through US exchange-traded funds. The biggest cryptocurrency had a big jump on Friday when a report showed...
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Apple’s $110 Billion Stock Buyback Plan Is Largest in US History
Apple Inc., one of the biggest companies in the world, has made headlines with its latest move. The tech giant recently revealed its plans for a massive stock buyback program, setting a new...
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Microsoft CEO Pledges $2.2 Billion in Latest Asian AI Investment
Microsoft CEO Satya Nadella has promised to invest $2.2 billion in Malaysia for digital infrastructure. This investment is part of Microsoft's strategy to focus on Asia's growing technology market. Over the next four...
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Microsoft to Invest $1.7 Billion in Cloud, AI Tech in Indonesia
Microsoft has announced a big investment in Indonesia to bring cloud services and artificial intelligence (AI) to the country. The company will be investing $1.7 billion over the next four years. This investment...
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Elon Musk Makes Surprise China Visit in Search of Tesla Revenue Boost
Elon Musk, the CEO of Tesla Inc., surprised many by making a sudden visit to China on Sunday. He was there to seek approval for new driver-assistance software that could potentially help boost...
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Apple Intensifies Talks With OpenAI for iOS 18 Generative AI Features
Apple is working with OpenAI to bring new features to the iPhone. The two companies are talking about using OpenAI technology for the next iPhone operating system, iOS 18. This news comes after...
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Meta Gets EU Privacy Warning Over Use of Sexual Orientation Data
In a recent development, Meta Platforms Inc., the parent company of Facebook, has received a stern warning from the European Union regarding the use of data related to users' sexual orientation. An adviser...
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Record Corporate Dollar Bond Offerings
Korean companies are dominating the corporate dollar bond market, surpassing their Chinese counterparts with a record-breaking surge in issuance. Data compiled by Bloomberg reveals that dollar bond offerings from South Korea have seen...
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Google-Backed AI Firm Mobvoi Is Hong Kong’s Latest Stock Debut Flop
Mobvoi Inc., a Chinese artificial intelligence company supported by Google's parent company Alphabet Inc., faced a rough start on its first day of trading in Hong Kong. The stock price plummeted by as...
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Failed Mt. Gox’s $9 Billion of Bitcoin Closer to Being Disbursed to Creditors
In a long-awaited development, creditors of the defunct Mt. Gox cryptocurrency exchanges are finally seeing progress in the return of their funds. The exchange, which famously collapsed in 2014 after losing approximately 850,000...
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Elon Musk’s Robotaxi Dreams Plunge Tesla Into Chaos
In a tumultuous turn of events, Tesla Inc., led by the enigmatic Elon Musk, is facing a challenging year filled with stock market plunges, declining sales, and strategic shifts causing chaos within the...
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