ByteDance, the owner of short video app TikTok and its Chinese version Douyin, has denied a news report saying the company’s profits jumped 60 per cent last year, as it plans two new apps – one to rival Instagram and another targeting European users –...
Amazon.com says it is investing an additional US$2.75 billion in Anthropic, completing a deal it made last year to back the artificial intelligence (AI) start-up and expand a partnership between the companies.The infusion brings Amazon’s total investment in Anthropic, a well-regarded builder of AI tools...
The iPhone maker announced the timing on Tuesday, saying the event will run through June 14. Though Apple did not say what it plans to unveil – in usual fashion – people familiar with the matter have said that the presentation will focus heavily on...
Apple, Alphabet’s Google and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act (DMA), European antitrust regulators said on Monday, potentially leading to hefty fines for the companies.The European Union law, effective from March 7, aims to challenge the...
We should be asking much deeper questions now than simply about whether and when another stock market bubble burst might come. We should be re-examining the role of private and public sectors in allocating financial resources to the global economy. Failure to do this could...
It is hard to overstate the importance of this septet. With the exception of Tesla, all the companies figure among the world’s top seven firms by market capitalisation. Moreover, the group’s combined weighting in the S&P 500 is 29 per cent while its share of...
Nations including India, Japan, France and Canada are talking about the importance of investing in “sovereign AI capabilities”, Huang said in an interview on Thursday with Bloomberg Television. “Their natural resource – data – should be refined and produced for their...
Microsoft, Alphabet’s Google and Advanced Micro Devices – three companies working harder than nearly anyone to weave artificial intelligence into their products – are finding that, when it comes to AI, investors are hard to please.Shares of the tech giants slipped in...
“Throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a spokesperson for the Mountain View, California-based company said in a statement. “Some teams are...