Elon Musk Blames Anti-Defamation League for X’s US Ad Revenue Slump
The owner of the social network X, formerly known as Twitter, Elon Musk has announced that he may sue the Anti-Defamation League (ADL) for defamation.
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Barclays Reportedly Considers Selling of Stake in Its Merchant-Acquiring Business
Barclays Plc is currently exploring the prospects of implementing a potentially possible decision to sell a stake in its merchant-acquiring business in the United Kingdom.
Big Tech Braces for European Union’s Clampdown on Anti-Competitive Practices
Big technology companies are preparing for the largest and most significant tightening clampdown on anti-competitive practices in the history of the European Union.
China Reportedly Seeks Money to Drive Chipmaking
The media, citing persons who provided information on condition of anonymity, reported that China is currently seeking to raise funds in the amount of more than $40 billion to create a kind of investment base for the development of the local industry sector specializing in the production of chips and research in the relevant sphere.
International Grocery Chain Aldi Invests in Bigger Stores
The business of the international grocery store chain Aldi is in a state of growth in several directions.
Robinhood Reaches Agreement with U.S. Marshal Service to Repurchase Shares from Emergent Fidelity Technologies
Virtual brokerage company Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to buy back shares of Sam Bankman-Fried’s Emergent Fidelity Technologies.
Apollo Global Management Reportedly Doubts in Investment in Brand Aggregator Perch
The media reported that the private company Apollo Global Management is currently reviewing its investment in the brand aggregator Amazon Perch.
IBM and Salesforce Cooperate to Help Clients Adopt AI
IBM and Salesforce announced the beginning of a partnership in which these companies will assist businesses in the process of implementing artificial intelligence in the segments of activities related to customer interaction.
Japanese Startup Rapidus to Challenge Taiwan Semiconductor Manufacturing
Japanese startup Rapidus, which receives support from the government of this country, announced the hiring of more than 200 people as part of efforts to create an ultra-modern chip manufacturing plant by 2027.
Intel CEO Says About Good Prospects of Company
Intel Corporation Chief Executive Officer Pat Gelsinger said that the company is currently on track to achieve indicators that are in line with forecasts for the third quarter.
Klarna Reports Earnings Results for First Half of 2023
Klarna has released the financial results of its operations for the first six months of 2023, which testified to the positive dynamics of the second quarter, which exceeded initial expectations.
UAE Launches Bilingual AI Model
Inception, a subsidiary of Abu Dhabi-based G42 firm specializing in machine intelligence, the California-based Cerebras research company, and the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) have developed a large language model called Jais.
Morgan Stanley Downgrades Palantir Technologies
Palantir Technologies has been downgraded at Morgan Stanley, which is the latest signal of Wall Street’s skepticism about this company specializing in software development and positioning itself as a major player in the sphere of artificial intelligence.
Praso Acquires Floki’s IP
The Brazilian company Praso, which provides a distribution platform for small retailers, announced the raising of $9.3 million in investment funds and announced the acquisition of the intellectual property of Floki, a brand that uses AI to automate purchases in small bars and restaurants.
Amazon Acquires Company Fig
Amazon has expanded its ownership structure as a result of the acquisition of Fig, which is a manufacturer of an autocomplete tool for terminals used by developers.
OpenAI Approaches $1 Billion of Annual Sales
The media reported that the annual revenue of OpenAI is approaching the landmark mark of $1 billion.
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