Finance
Samsung Semiconductor Sets Ambitious Operating Profit Target for 2024
January 02, 2024 – According to reports from South Korean media outlet Hankyung, Samsung Semiconductor (DS) division has set ambitious business targets for the year. The department aims to achieve an operating profit goal of 115 trillion Korean Won (approximately 63.02 billion Chinese Yuan), signaling an impressive leap. Financial analysts also estimate Samsung Electronics’ total…
Regulatory Storm: Apple Faces Legal Challenges in 2024
January 02, 2024 – In the coming months, regulatory authorities in the United States and the European Union are gearing up to implement a series of decisions that could lead to legal ramifications for Apple in 2024, impacting its service business with an annual revenue of $85 billion. Antitrust Investigation against Google Reports reveal that…
CNN Business Names Microsoft’s Satya Nadella CEO of the Year for 2023
December 28, 2023 – As the year 2023 draws to a close, it has undeniably been a remarkable year for the rise of AI and large-scale models. Many companies have aggressively pursued artificial intelligence, integrating the technology into their products and services, with Microsoft leading the charge. Given Microsoft’s unwavering focus on emerging AI trends,…
Yann LeCun’s Critical Assessment of OpenAI’s Evolution Under Microsoft’s Influence
December 28, 2023 – In a recent interview with Wired magazine, Yann LeCun, Chief AI Scientist at Meta, launched a scathing critique of OpenAI under the leadership of Sam Altman. LeCun was candid in his assessment, stating that OpenAI has deviated from its original non-profit mission and has become a “contract research organization” for Microsoft….
Samsung Electronics Delays Production Start at Texas Semiconductor Plant to 2025
December 26, 2023 – Samsung Electronics Delays Start of Production at Texas Semiconductor Plant According to a report from Businesskorea, Samsung Electronics has postponed the start of production at its new semiconductor factory in Taylor, Texas, USA, to 2025, delaying the original target of commencing production next year. The delay is speculated to be related…
Google’s Ambitious Restructuring: 30,000 Jobs at Risk Amid AI Integration
December 26, 2023 – In a recent development, following a significant layoff of 12,000 employees earlier this year, Google is reportedly planning a restructuring of its advertising sales department, putting as many as 30,000 employees at risk of losing their jobs. Google’s restructuring plans have shed light on a new concern for the workforce, indicating…
Microsoft’s Xbox Teams Up with Inworld AI to Revolutionize NPC Interaction in Games
December 25, 2023 – Microsoft’s Xbox Gaming AI General Manager, Haiyan Zhang, has recently announced a partnership with the digital humans development company, Inworld AI. This collaboration is set to introduce a range of development tools that will allow game developers to create AI-based NPCs (Non-Player Characters). Currently, NPCs in games often rely on pre-scripted…
Voghion Online Shopping Unveils Trendsetting Accessories Collection to Elevate Customers’ Style
In the vast landscape of eCommerce, where variety meets innovation, Voghion stands as a digital colossus, offering an all encompassing, one stop destination for a myriad of product categories. While its digital shelves are a testament to versatility, it’s in the realm of fashion that Voghion truly shines, establishing itself as a global tastemaker and…
Elon Musk’s Philosophy: More Investors, More Valuable Alliances
December 22, 2023 – Elon Musk recently engaged in a conversation with Cathy Wood, the founder of Ark Investment Management, on his social media platforms, discussing a range of topics. Musk revealed that over the years, all the companies under his name have gone through more than a hundred rounds of funding, and he has…
Nokia Divests Management Platform Business to Lumine Group for €185 Million
December 21, 2023 – Nokia today announced its decision to sell its device and service management platform business to Lumine Group for a sum of €185 million (approximately 1.447 billion yuan). The sale is expected to be finalized in the first quarter of the following year. Lumine Group, recently spun off from Constellation Software, specializes…