Alibaba Group Announces September Quarter 2023 Results
HANGZHOU, China–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter ended September 30, 2023. “Alibaba Group delivered a solid quarter, marked by renewed momentum and energy across multiple businesses as a result of our strategic reorganization….
Intel Taps Navid Shahriari as New Head of Process Technology Development
October 26, 2024 – According to a report by Oregon Live, Intel has notified its employees on Wednesday local time that Navid Shahriari has been selected to succeed Ann Kelleher as the head of the Technology Development (TD) department. In a statement, Intel clarified, “Ann is not leaving. Given the significance of Technology Development, we…
Altman: Meta’s $100M Offers to Poach OpenAI Talent Fall Flat
June 18, 2025 – Meta CEO Mark Zuckerberg is ramping up recruitment efforts to lure top AI researchers from OpenAI and Google DeepMind into his newly formed superintelligence unit, TechCrunch reported today. The company is said to be offering eye-popping compensation packages—including salaries and signing bonuses totaling up to $100 million—to entice talent to join…
NVIDIA Loses ‘Global Number One’ Status as Market Cap Falls Below $3 Trillion
June 25, 2024 – In a stunning reversal of fortunes, NVIDIA, which had recently been crowned the world’s most valuable company with a market capitalization of 3.34trilliononJune18th,hasseenitsvalueplummetbyalmost400 billion in less than a week. As of this writing, NVIDIA’s shares have fallen by approximately 5% (after dipping to 6.44% earlier in the day before recovering slightly),…
ByteDance Reports 35% Year-on-Year Revenue Growth to $73 Billion in First Half of 2024, with International Revenue Surging Over 60%
November 05, 2024 – According to a report by The Information, ByteDance has achieved remarkable growth in its international revenue, increasing by over 60% in the first half of this year to reach approximately $17 billion. Furthermore, the company’s total revenue for the same period was primarily driven by advertising and e-commerce businesses from its…
Nintendo’s Customer Support Outsourcing to South America: 200 Long – Term U.S. Contract Workers Lose Jobs
September 22, 2025 – According to a report from IGN yesterday, Nintendo of America has made the decision to outsource its customer support operations to South American countries, including Argentina, Brazil, and Nicaragua. This move has led to the loss of jobs for approximately 200 contract workers in the United States who had been handling…
Pichai’s Retrospective: How OpenAI’s ChatGPT from a “Small Firm” Shaped Google
October 17, 2025 – In late 2022, OpenAI, then a relatively obscure player, unleashed ChatGPT onto the world, setting off a seismic shift in the AI landscape and ushering in the current era of artificial intelligence. For Google, a tech behemoth with a long – standing commitment to AI research and development, this “ChatGPT moment”…
Intel’s New CEO Sets 50% Gross Margin Threshold for Project Approvals
June 7, 2025 – During the Bank of America Global Technology Conference, Michelle Johnston Holthaus, the product chief executive at Intel, revealed that the company’s newly appointed CEO, Lip-Bu Tan, is advocating for a mid-term goal of restoring the company’s gross margin to 50%. According to Johnston Holthaus, any new projects that fail to meet…
German Antitrust Chief Warns: AI Could Bolster Corporate Dominance
October 10, 2023 – Andreas Mundt, the head of Germany’s antitrust office, has issued a warning that artificial intelligence (AI) could further reinforce the market dominance of large tech companies, and regulatory authorities should closely monitor any anti-competitive behavior. Mundt’s remarks underscore the general concern among regulatory agencies that tech giants with vast user data…
Transforming the Landscape: South Korea’s Bold Plans to Lead the Panel Market
May 18, 2023 – In a recent development, South Korean panel manufacturers, driven by Samsung Display and LG Display, are gearing up to regain their dominance in the global panel market by making substantial investments in the next five years. According to reports from international sources, the South Korean Ministry of Trade, Industry, and Energy…