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 the carmaker’s revenue. During his visit, Elon...
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 Apple had earlier discussions with OpenAI this...
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 to the EU’s top court has recommended...
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 a remarkable 17% increase, reaching an unprecedented...
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 much as 22%, making it the third...
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 bitcoins, is now closer to disbursing its...
