A Chinese foreign ministry official criticised a bill in the United States that would require TikTok to divest or ban the platform, saying there is “no fairness to speak of” in using national security as an excuse to lessen other nations’ economic edge. The action is the most recent in a slew of steps taken…
Three writers have sued Nvidia, a company whose processors enable artificial intelligence, claiming that the company utilised their copyrighted writings without their consent to train its NeMo robot and launch a new AI platform. The works of Brian Keene, Abdi Nazemian, and Stewart O’Nan were removed in October “due to reported copyright infringement.” The dataset,…
In order to better evaluate any supply chain risks, investors want Inditex, the company that owns Zara, to follow competitors H&M and Primark in disclosing the whole list of its suppliers. Among the major apparel retailers, Inditex stands out for not disclosing the manufacturers it sources from. Investors and regulators desire improved disclosure and increased…
Oracle announced that it would be releasing a new tab in conjunction with Nvidia and that it exceeded quarterly earnings projections. Riding high on the surge in demand for generative AI, Oracle’s shares surged by about 14% during extended trading. Oracle’s stock market worth increased by almost $40 billion as a result of the late-day…
A law that would require TikTok’s parent business, located in China, to sell the app within six months of its approval or face a ban, was approved by a US congressional panel. Citing national security concerns, the White House supports a House of Representatives committee that introduced the proposal. According to TikTok, small companies that…
Due of the hype around artificial intelligence, investors have flocked to Nvidia-focused exchange-traded funds (ETFs) this year; on Wednesday, inflows into a bullish fund that tracks the chip maker’s shares reached a record high. LSEG Lipper data shows that net daily inflows into the GraniteShares 2x Long NVDA Daily ETF reached a record of $197…
Following the Chinese online retailer’s announcement that it would expand its share repurchase programme and report fourth-quarter revenue above predictions, JD.com shares surged 12% in premarket trade in the United States. Aggressive price reductions helped stimulate demand from consumers facing an uncertain economy in the last three months of 2023, coinciding with the biggest annual…
Amazon lost an appeal against a decision that found that by focusing on British customers on its American website, it had violated UK trademarks. This decision could have a big impact on other online retailers. The London Court of Appeal determined in 2022 that the American tech giant had violated the trademarks. After an appeal…
According to Intel CEO Sandra Rivera, artificial intelligence presents a developing and potentially profitable possibility for the company’s recently independent programmable chip segment. The programmable chip division of Intel started working independently at the beginning of the year. On Thursday, the company revealed its future goals and adopted the moniker “Altera, an Intel company.” For…
Reckitt, the owner of Durex, is hoping that Chinese customers’ love of livestream shopping would translate to condom purchases, but in order to increase its share of the over $5 billion condom industry, the company will need to walk a “delicate line”. The excitement surrounding livestreaming, which has emerged as a key factor propelling the…
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