Finance
Sony Faces Legal Challenge in UK Over Allegedly Excessive Game Pricing
September 29, 2024 – A collective lawsuit targeting Sony, scheduled to commence trial on March 2, 2026, with an estimated duration of eight weeks, has been finalized in the UK. The lawsuit alleges that Sony engaged in unlawful pricing practices for digital content, including add-ons, resulting in excessively high costs. The case was initiated by…
Volkswagen and German Unions Enter Critical Labor Talks Amid Layoff, Plant Closure Concerns
September 26, 2024 – Negotiations between Volkswagen executives and labor unions commenced on Wednesday, addressing salary issues that could potentially determine the extent of layoffs and possible plant closures at Europe’s largest automaker in Germany. Thorsten Gröger, the chief negotiator for the union, stated unequivocally, “We will not negotiate on plant closures or massive layoffs.”…
Google Files Complaint Against Microsoft for Anti-Competitive Practices in Cloud Computing Market
September 26, 2024 – Google has officially filed a complaint with the European Commission on September 25th, accusing Microsoft of anti-competitive practices in the cloud computing market. According to Google, Microsoft has utilized unfair licensing terms through its dominant Windows Server and Microsoft Office products, making it difficult for a significant number of customers to…
Nintendo Takes Action: AI-Generated Mario Images Face Massive Takedown
September 25, 2024 – Recently, a significant number of X posts containing AI-generated images of Mario were successfully removed by a copyright tool powered by artificial intelligence. This tool belongs to a company named Tracer, which utilized AI to identify these images and issued takedown notices to the X platform on behalf of Nintendo. According…
TikTok Bids Farewell to Music Streaming: TikTok Music to Shut Down on November 28
September 25, 2024 – TikTok has announced that it will be shutting down its music streaming service, TikTok Music, on November 28, 2024. After this date, access to TikTok Music, including login, subscriptions, and all other features, will no longer be available. The company has stated that user account information and personal data will be…
Germany Aims for Quantum Leap with €35M Investment in Mobile Quantum Computer by 2027
September 24, 2024 – The German Cybersecurity Innovation Agency has announced the signing of contracts with four companies, namely Quantum Brilliance, ParityQC, Oxford Ionics, and neQxt, in a joint effort to unveil the world’s first mobile quantum computer by 2027. With a bid value of €35 million, this marks the largest research grant awarded by…
Anthropic, OpenAI’s Rival, Eyes $30-40 Billion Valuation in Potential Funding Round
September 24, 2024 – Reports from The Information indicate that Anthropic, a US-based AI startup, has initiated discussions with investors for a new round of funding. According to an existing investor, Anthropic’s valuation could potentially reach between 30to40 billion after this new funding round, which is approximately twice the valuation it had after completing a…
Northvolt Announces Global Layoff of 20% Amid Funding Challenges
September 24, 2024 – Northvolt AB, a prominent Swedish battery manufacturer, has announced plans to reduce its global workforce by 20% and halt the expansion of its main factory in northern Sweden. This decision comes as a response to a funding crisis triggered by the slowing demand for electric vehicles. The layoffs, affecting 1,600 positions,…
Huawei and du Launch Middle East’s First Indoor 5G-A Network, Achieving 5.1 Gb/s Speed”
September 23, 2024 – Huawei, in partnership with UAE-based operator du, has recently accomplished a notable feat in the Middle East region. Utilizing the LampSite X digital solution, they have successfully deployed the area’s first indoor network based on Three-Component Carrier (3CC) technology. This network stands out with a peak speed of 5.1 Gb/s, marking…
Apollo Eyes Potential $5 Billion Investment in Intel
September 23, 2024 – According to Bloomberg, asset management company Apollo is considering a potential equity investment in Intel, with a maximum amount reaching 5billion.Thisinvestment,whichequatestoapproximately5.493.19 billion, reflects Apollo’s confidence in Intel’s strategic transformation plan. However, informed sources have indicated that Intel executives are still weighing Apollo’s proposal, and no final decision has been made. Not…