As the South Asian country struggles to satisfy the rising demand for energy, India has requested power providers to acquire equipment worth $33 billion this year in order to expedite capacity increases of coal-fired power in the years ahead, according… Read More ›
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Microsoft And OpenAI, Google And Samsung’s AI Deals Are Under EU Scrutiny
Regulators have singled out Microsoft and OpenAI’s exclusive provisions, prompting the possibility of an EU antitrust inquiry into their cooperation. Google’s artificial intelligence agreement with Samsung has also drawn attention. Additional third-party perspectives will be sought by EU antitrust regulators,… Read More ›
OpenAI, And Time Establish A Multiyear Content Contract
The firms announced on Thursday that Time magazine and OpenAI have inked a multi-year content agreement that would provide the ChatGPT creator access to Time magazine’s news archive. The firms stated in a statement that the chatbot will cite and… Read More ›
Centre for Investigative Reporting sues Microsoft and OpenAI as the news industry intensifies its fight on AI
The news business has a new and strong friend in the fight against OpenAI. The nation’s oldest nonprofit newsroom, the Centre for Investigative Reporting, filed a lawsuit against OpenAI and its principal sponsor, Microsoft, in federal court on Thursday, citing… Read More ›
Nike Is Planning A $100 Sneaker Range As Its Stock Plummets To An All-Time Low
According to the company’s chief financial officer, Nike will introduce new trainers priced under $100 in several regions on Thursday. This move is part of the sportswear giant’s strategy to restructure its product selection and boost sales. The advertised price… Read More ›
Chinese Capital Pours Into Bonds Despite The Central Bank’s Cautions About Dangers
Treasury futures in China surged to all-time highs on Thursday, while long-dated rates just missed record lows as investors kept buying bonds despite the central bank’s constant cautions about risk. According to official figures, the assets of Chinese bond mutual… Read More ›
US Prosecutors Suggests Filing Criminal Charges Against Boeing
US prosecutors have suggested that Boeing be charged criminally by the Department of Justice (DoJ). It comes after the Department of Justice said the manufacturer had broken a settlement over two deadly incidents involving its 737 Max aircraft, which claimed… Read More ›
Disappointing Number For Factory Output In China, Property Sector Still In A Slump
Beijing is under increased pressure to maintain development after China’s industrial production in May fell short of forecasts and the property sector’s slump did not appear to be abating despite policy support. Aside from retail sales that exceeded expectations because… Read More ›
Does Elon Musk Merit His $56 Billion Salary From Tesla?
It’s possible that Elon Musk may get his way once more. His Tesla pay plan, which has now received shareholder support, is worth up to $56 billion depending on the company’s share price. It accounts for almost 25% of the… Read More ›
Ghana Will Postpone Further Supplies Of Cocoa As The Shortage Deepens
The prognosis for the global chocolate market continues to deteriorate as Ghana, the second-largest producer of cocoa in the world, is considering delaying the delivery of up to 350,000 tonnes of beans until the next season as a result of… Read More ›