Alibaba Group Holding Ltd. has recently announced a $25 billion stock repurchase program, in a bid to reassure concerned investors amidst challenges in the Chinese e-commerce sector. The move comes as Alibaba faces increasing competition from emerging rivals like PDD Holdings Inc. Despite this significant buyback initiative, the company's...
Read moreMeta Platforms Inc. is ramping up its efforts to combat misinformation ahead of the critical election year, announcing plans to label more posts created using artificial intelligence tools on its platforms Facebook, Instagram, and Threads. The move comes as part of Meta's broader initiative to prevent the spread of...
Read morePotential investors in Elon Musk’s new artificial intelligence startup, xAI, are closely eyeing the achievements of its biggest competitor, OpenAI, as a key factor in their decision-making process. The early success of OpenAI is serving as a benchmark for xAI as it aims to carve out its own space...
Read moreApple's latest product, the Vision Pro, went on sale recently, introducing a distinctive customer shopping experience. Unlike the typical purchase process for iPhones, iPads, or Macs, buying the Vision Pro involves a more complex and orchestrated sales approach. Customers interested in the Vision Pro start by undergoing a face...
Read moreSurging past market expectations, Meta Platforms Inc. (META) witnessed an impressive stock rally on Friday, catapulting over 20% following the release of stellar earnings, robust guidance, and the announcement of strategic initiatives for shareholder returns. This extraordinary surge translated into a substantial addition of nearly $200 billion to Meta's...
Read moreTikTok is committing to allocate $2 billion (S$2.7 billion) in 2024 to enhance the safety of children and other users on its platform, surpassing 170 million monthly active users in the United States. CEO Chew Shou Zi is slated to unveil this initiative during a testimony before the Senate...
Read moreA Delaware judge invalidated Tesla CEO Elon Musk's $56 billion pay package on Tuesday, asserting that the company's board failed to demonstrate the fairness of the compensation plan and lacked sufficient evidence of negotiation with Elon Musk. Following this decision in a lawsuit filed by shareholder Richard Tornetta, Tesla's...
Read moreBitcoin appears set to extend its winning streak for a fifth consecutive month, marking its longest positive run since the pandemic-triggered rally. Amidst January's notable volatility, driven by the debut of the first US spot BTC exchange-traded funds and shifting views on monetary policy, the largest digital asset has...
Read moreIn a strategic move to enhance its presence in China, Samsung Electronics has announced a key partnership with Baidu, featuring the integration of Baidu's Ernie Bot in its upcoming Galaxy S24 smartphone series. Samsung aims to position the Galaxy S24 as a trailblazer in AI smartphones, leveraging Baidu's artificial...
Read moreInterest in the highly anticipated spot Bitcoin Exchange-Traded Funds (ETFs) appears to be waning, as Wednesday witnessed the lowest single-day of investor gross inflows for the group since trading commenced on January 11. As per a report from JPMorgan Chase & Co, the nine recently introduced funds attracted approximately...
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