Search results for "new ai"

Wall Street Tumbles with Nasdaq Leading Declines

Wall Street’s main indexes tumbled on Monday with Nasdaq leading the declines as technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37 percent below its intraday record […]

Gaming titan Take-Two Interactive to acquire Zynga for $12.7 billion

In the upcoming days, the gaming world will witness an altering event as Take-Two Interactive Software Inc. announced plans to acquire Zynga Inc in a $12.7 billion deal. The deal, which would heighten Zynga Inc’s valuation, also incorporated that the gaming firm’s shareholders will also get compensation of almost $9.68 per share owned by the […]

EU plans law requiring tech firms to do more to combat child abuse

The European Union plans to legislate in the coming months to require technology companies to do more to tackle child sexual abuse, beefing up current voluntary arrangements, a top official said in a newspaper interview. EU Home Affairs Commissioner Ylva Johansson told Germany’s Welt am Sonntag that internet service providers and social media firms had […]

Google Launches Ripple Project, as Automakers League Rears to Challenge Tesla

Google uncovered plans to bring forth an open-source application programming interface (API) standard called Ripple Project that would help bring multi-functional small chips to various devices, including electric vehicles (EV). Since 2015, Google openly revealed that it was entering the gates of chip-making with its tiny radar chips that can keep score of sleep schedules, […]

Reddit taps Morgan Stanley, Goldman Sachs for IPO

Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is aiming […]

GameStop Soars on Building NFT Trading Hub, Crypto Partnerships

GameStop Corp’s plans to expand its non-fungible tokens (NFTs) marketplace and partner with crypto firms boosted the video game retailer’s shares by 17.5 percent in premarket trading and also lifted other meme stocks. GameStop shares have been languishing for a while, like several other meme stocks, as interest from retail investors dwindled. The lot, which […]

Sounding Alarm on China, Japan and U.S. Vow to Collaborate More on Defense

The United States and Japan on Friday voiced strong concern about China’s growing might and pledged to work together to push back against attempts to destabilize the region, including against emerging defense threats. The comments from the two allies, in a joint statement that followed a virtual “two-plus-two” meeting of their foreign and defence ministers, […]

Tesla opens showroom in China’s Xinjiang region

In a region fraught with controversy, Tesla has opened a new dealership in China, Xinjiang, the same area where the Chinese government was accused of human rights violations against the Uyghur Muslim minority.  This move strangely comes just after U.S president Joe Biden signed the Uyghur Forced Labor Prevention Act to protect said minority from […]

Sony Looks to Electric Cars for its Next Big Hit

Japan’s Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, Sony Mobility Inc, comes as the Japanese tech giant is “exploring a commercial launch” of electric vehicles, […]