Finance
OpenAI’s Landmark $6.5B Deal for Jony Ive’s io Sparks AI Hardware Revolution
May 22 2025 – Bloomberg has just unveiled a report highlighting a monumental move by OpenAI, which has agreed to acquire the AI device startup io, co-founded by former Apple Chief Design Officer Jony Ive, in an all-stock deal valued at nearly $6.5 billion. This acquisition marks the largest in OpenAI’s corporate history. Upon reviewing…
Nvidia Forges Strategic Alliance with Saudi Arabia, to Supply Massive AI GPUs to PIF-Backed Firms
May 14 2025 – Nvidia unveiled a strategic collaboration with Saudi Arabia yesterday, aiming to significantly contribute to the nation’s sovereign digital infrastructure development while nurturing local tech talent, with the ambition of elevating Saudi Arabia to a prominent position in the global AI leadership landscape. HUMAIN, a subsidiary specializing in AI under Saudi Arabia’s…
Intel Prioritizes AI Ambitions Over Short-Term Business Split, IFS Faces Production Hurdles
May 14 2025 – Following the appointment of Lip-Bu Tan as Intel’s new CEO, the market has been abuzz with speculation about potential shifts in the chip giant’s strategic direction. However, during the JPMorgan Technology Conference (held on May 13 local time), Intel’s Chief Financial Officer, Dave Zinsner, clarified that Tan’s focus would be on…
Breaking the Chains: U.S. Senator Challenges Apple’s App Store Dominance with New Legislation
May 7, 2025 – Today, tech media outlet The Verge highlighted a new legislative move in the United States, as a Florida congresswoman introduced a bill that could reshape the mobile app ecosystem. Republican Representative Kat Cammack from Florida has put forward the “App Store Freedom Act,” a proposal aimed squarely at major app store…
TikTok Eyes Japan’s E-Commerce Arena: Live Shopping Blitz Slated for Launch in Months
April 27, 2025 – According to a report from Nikkei News released earlier today, TikTok is gearing up to make a strategic entry into Japan’s burgeoning e-commerce sector within the coming months. Insider sources reveal the company is actively finalizing preparations to onboard sellers for its localized shopping platform, TikTok Shop, in the country. TikTok…
Threads Accelerates Monetization: Meta’s Social Platform Expands Ad Integration for Global Rollout
April 25, 2025 – Instagram’s head Adam Mosseri announced via a post on Threads yesterday that the platform is gearing up to expand its advertising services globally. The move comes as Meta’s proprietary ad-serving tool, Advantage, now includes an option to automatically route campaigns to Threads alongside Facebook and Instagram—a strategic pivot aimed at consolidating…
Discord Taps Gaming Veteran to Reignite Focus on Core Community
April 24, 2025 – Discord has recently announced a major leadership shake-up, appointing Humam Sakhnini, former Vice President of Activision Blizzard, as its new CEO, amidst ongoing rumors of an impending Initial Public Offering (IPO). This strategic pivot comes as Discord co-founder Jason Citron steps down from the CEO role after 13 years at the…
LG & Samsung Sue Indian Govt Over E-Waste Rules: Costs to Triple, Firms Claim
April 22, 2025 – Legal documents filed in the Delhi High Court reveal that LG Electronics and Samsung Electronics have jointly filed a lawsuit against the Indian government this month, challenging a provision in the “2024 E-Waste Management Amendment Rules” related to “minimum recycling payout standards.” The move marks the eighth foreign-owned corporation to contest…
Tech Moguls Cash Out Ahead of Trump’s Tariff Turmoil: Zuckerberg Leads with $733M Haul
April 21, 2025 – A wave of significant stock sales by top corporate executives emerged just prior to President Donald Trump’s announcement of tariff policies, as reported by Bloomberg. Executives from major companies, including Meta CEO Mark Zuckerberg, Oracle CEO Safra Catz, and JPMorgan Chase CEO Jamie Dimon, collectively divested billions of dollars in company…
Apple Eyes Autumn Rollout of Revamped Siri with AI-Powered Features
April 12, 2025 – Recent reports from The New York Times suggest Apple is doubling down on its efforts to launch the much-anticipated Apple Intelligence Siri feature this fall, despite earlier delays. In early March, Apple had acknowledged that refining Siri’s personalization capabilities would take longer than anticipated, originally targeting a rollout “within the next…