BUSINESS

Within the Business category, you can find the most recent news, reports, studies, and articles pertaining to Business.

4 December, 2023 - 4:44 pm (8 hours ago)

Xbox Game Pass represents a significant financial commitment in excess of $1 billion annually

Microsoft’s Xbox Game Pass, a central pillar of its gaming strategy, represents a substantial financial commitment, exceeding $1 billion annually. This investment primarily supports third-party games, ensuring a diverse catalog that ranges

FINANCE

Tokyo Exchange spurs corporate strategy shifts

The Tokyo Stock Exchange’s push for improved capital efficiency is prompting significant strategic shifts among Japanese companies, as highlighted by Mizuho Financial Group’s trust banking chief, Kei Umeda. In anticipation of the TSE publishing a list of compliant companies in

4 December, 2023 - 12:49 pm (12 hours ago)

Gravel, a Jakarta-based startup, has received a new $14 million funding round

STARTUPS

Gravel, a Jakarta-based startup, is making significant strides in transforming Indonesia’s rapidly growing construction industry. With a fresh injection of $14 million in funding,

CoreWeave Secures $7 Billion Valuation Through Minority Share Sale

AI·BUSINESS

CoreWeave Inc., a prominent player in the cloud computing and artificial intelligence (AI) sector, has recently marked a significant milestone by selling a minority

Walmart announced its decision to reduce its advertising on X

3 December, 2023 - 10:10 am (2 days ago)

SOCIAL MEDIA·BUSINESS

In a strategic move, retail giant Walmart has announced its decision to reduce advertising on the social media platform X, formerly known as Twitter. This development comes as a response to mounting

Amazon taps SpaceX for satellite launch even though Jeff Bezos has his own rocket company

2 December, 2023 - 1:32 pm (2 days ago)

Space·BUSINESS

In an unexpected turn of events, Amazon has signed a contract with SpaceX to launch three of its Project Kuiper satellites on the Falcon 9 rocket. This is despite the fact that

OpenAI delays GPT Store launch until early 2024

2 December, 2023 - 10:29 am (3 days ago)

AI·BUSINESS

OpenAI, the company behind the popular ChatGPT language model, has announced that it is delaying the launch of its custom GPT store until early 2024. The store was originally scheduled to launch

TikTok invests €12 billion to address data security concerns in Europe

1 December, 2023 - 10:00 pm (3 days ago)

BUSINESS

TikTok, the globally popular short-form social video platform, has announced a significant €12 billion investment over the next decade to enhance data security in Europe. This move is part of TikTok’s ongoing

Linda Yaccarino, CEO of X, openly supports Elon Musk

1 December, 2023 - 9:44 pm (3 days ago)

BUSINESS

Linda Yaccarino, the CEO of social media platform X, has publicly backed the company’s owner and CTO, Elon Musk, amidst a growing advertiser exodus due to his controversial statements. Recently, Musk made

Valid8 Financial secures $8.5 million to revolutionize forensic accounting with AI

1 December, 2023 - 8:18 pm (3 days ago)

AI·BUSINESS

Valid8 Financial Inc., a rising star in the forensic accounting software sector, has successfully secured $8.5 million in a Series A funding round. The round was led by Silverton Partners, with notable

Kognitos Raises $20 Million in Series A Funding

1 December, 2023 - 7:43 pm (3 days ago)

FINANCE·STARTUPS

Kognitos Inc., a startup revolutionizing task automation, recently completed a successful Series A funding round, raising $20 million. Led by Khosla Ventures, this round saw participation from Clear Ventures, Engineering Capital, and

Amazon CTO Vogels advocates for cost-conscious cloud architecture

1 December, 2023 - 7:19 pm (3 days ago)

BUSINESS·AI

Werner Vogels, Amazon.com Inc.’s Vice President and Chief Technology Officer, delivers a critical message for businesses: embracing frugality in managing cloud costs is essential. Vogels, with his extensive experience in developing Amazon’s

Aviz Networks secures $10 million investment to boost AI-driven networking

1 December, 2023 - 6:42 pm (3 days ago)

BUSINESS·AI

Aviz Networks Inc., an emergent leader in open networking software, today announced a significant boost to its funding, securing $10 million from Cisco Investments LLC. This strategic investment aims to propel the

Microsoft invests £2.5 billion in UK’s AI future

1 December, 2023 - 6:30 pm (3 days ago)

BUSINESS·AI

Microsoft has announced a groundbreaking investment of £2.5 billion ($3.2 billion) in the United Kingdom, marking a significant step in advancing the country’s Artificial Intelligence (AI) capabilities. This investment, intended to drive

Apple partners with Amkor to package silicon chips in a new facility in Arizona

1 December, 2023 - 6:12 pm (3 days ago)

TECHNOLOGY·BUSINESS

Apple has announced a significant move in its U.S. manufacturing efforts by partnering with Amkor to package Apple Silicon chips in a new facility in Peoria, Arizona. This facility, close to the

UAW launches unprecedented drive to unionize nonunion auto sector

1 December, 2023 - 4:57 pm (3 days ago)

BUSINESS·TECHNOLOGY

The United Auto Workers (UAW) union announced an ambitious initiative to unionize nearly 150,000 workers across 13 nonunion automakers in the U.S., including industry giants like Tesla, Toyota, Volkswagen, and BMW. This

Tech Giants Grapple with Online Child Safety

1 December, 2023 - 4:29 pm (3 days ago)

BUSINESS

On January 31st, 2024, the U.S. Senate Judiciary Committee will conduct a critical hearing on online child exploitation, summoning the CEOs of major tech firms – Meta, X (formerly Twitter), TikTok, Snap,

US government agencies stop sharing vital information with Meta’s security researchers

1 December, 2023 - 3:27 pm (3 days ago)

BUSINESS

In a recent development that raises concerns about the efficacy of combating foreign election interference, Meta, the parent company of Facebook and Instagram, disclosed a significant setback. U.S. government agencies, a crucial

Evernote to limit free accounts to one notebook and 50 notes

1 December, 2023 - 2:01 pm (3 days ago)

BUSINESS

Evernote has recently announced significant changes to its free plan, effective from December 4. The popular note-taking application will now limit free accounts to a single notebook and 50 notes. Users who

Meta filed a lawsuit against the Federal Trade Commission

1 December, 2023 - 1:03 pm (4 days ago)

BUSINESS

In a significant legal development, Meta, the parent company of Facebook and Instagram, has initiated a lawsuit against the Federal Trade Commission (FTC). This move comes as a response to the FTC’s

AMD inaugurated its largest global design center in Bengaluru, India

30 November, 2023 - 8:02 pm (4 days ago)

BUSINESS·Computing

Advanced Micro Devices (AMD), a renowned semiconductor company, has inaugurated its largest global design center in Bengaluru, India, marking a significant expansion in its research, development, and engineering operations. This state-of-the-art campus,

Okta’s shares fell by 2.3%

30 November, 2023 - 6:20 pm (4 days ago)

Cybersecurity·FINANCE

Okta Inc., a leading provider of cloud-based identity verification solutions, is navigating a complex period marked by both a cybersecurity breach expansion and financial fluctuations. Despite posting better-than-expected earnings, the company’s shares

Synopsys has firmly positioned itself for 2024, outperforming market expectations

30 November, 2023 - 5:02 pm (4 days ago)

AI·FINANCE

Synopsys Inc., a trailblazer in electronic design automation, has outshined market expectations with record-breaking quarterly and annual revenues, coupled with innovative strides in AI and leadership transitions, positioning itself firmly for 2024.

Canadian news will continue to be available on Google services

30 November, 2023 - 2:48 pm (4 days ago)

BUSINESS

Google has averted a significant confrontation with the Canadian government by agreeing to conform to the country’s Online News Act (Bill C-18). Initially, Google had planned to remove links to Canadian news

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