Nvidia's stock dipped slightly from its all-time high on Wednesday ahead of its critical Q1 earnings report. Investors expected the company to show 200% revenue and profit growth driven by high demand for its AI chips.
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Meta's AI chatbot, Meta AI, now uses news content for summaries within its platform, potentially impacting news traffic and raising concerns about copyright, fair use, and misinformation.
Former Cisco CEO John Chambers says AI will be the reason for the stock market's surge in the next decade, citing Nvidia's success following their AI-driven projects.
Luxury brands like Chanel, Hermes, and Louis Vuitton reported a record-high stock decline as consumers hesitate to spend more due to rising prices caused by inflation.
American households still feel inflation's effects on increasing goods, especially with rent, as parents struggle to make ends meet.
China will invest billions in the Cyberspace Administration's language model, based on Xi Jinping's ideology. They boast that it is more "secured and reliable" as ChatGPT remains inaccessible in China.
Dubai Airports expects a record surge in passenger traffic this year, projecting over 100 million travelers by 2027, with 91 million anticipated by the end of 2024, despite recent disruptions from severe flooding.
Pixar Animation Studios initiated layoffs affecting 14% of its workforce, approximately 175 employees, as part of a strategic shift away from original streaming series development following a period of expansion for Disney+.
Microsoft, Amazon, OpenAI, and other tech giants have committed to a landmark international AI safety agreement at the Seoul AI Safety Summit, including a "kill switch" to halt AI development if risks cannot be mitigated.
Apple is aggressively discounting select iPhone models in China, offering up to a $360 price reduction on its official Tmall site. It aims to compete with local rivals like Huawei, which is under pressure from its new smartphone series, the Pura 70.
Saudia Group has placed a historic order for 105 Airbus narrow-body aircraft, valued at $19 billion. Deliveries will start in 2026 and conclude in 2032.
Red Lobster has filed for Chapter 11 bankruptcy protection, citing high operational costs and an unprofitable unlimited shrimp promotion. It plans to transfer control to its lenders with $100 million in financing from Fortress Investment Group.
AstraZeneca will build a $1.5 billion manufacturing facility in Singapore to produce antibody-drug conjugates (ADCs) and targeted cancer therapies. This will be the company's first end-to-end ADC production site and will receive support from the Singapore Economic Development Board (EDB).
Meta and Google are leading a lobbying effort to block New York legislation aimed at online child safety, arguing the bills would stifle free speech and infringe on privacy, with the campaign's spending expected to surpass $1 million.
Google is investing an additional €1 billion ($1.1 billion) to expand its data center campus in Finland, using the region's renewable energy to drive AI growth in Europe.
"AI Godfather" Geoffrey Hinton advocates for universal basic income to address job displacement caused by AI advancements and the need for global regulations to ensure ethical AI use.
South Korea's financial regulator assured investors in New York of the government's dedication to corporate reform.
Elon Musk recently arrived in Bali to inaugurate the Starlink satellite internet service, aiming to provide reliable internet access to Indonesia's remote areas.
Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon.
Boeing shareholders vote to retain the departing CEO amid ongoing challenges. The company is searching for a new chief executive to address the safety crisis and declining share prices, with potential candidates including industry experts like Patrick Shanahan, David Gitlin, and Greg Smith.
Silver has surged past $30 an ounce, outpacing gold with a 29% increase this year, driven by strong financial and industrial demand and a projected market deficit.
OpenAI has disbanded its AI safety team less than a year after its creation, following the recent departures of influential company leaders.
Chinese companies are optimistic about global trade, posing challenges to complete separation, especially as European firms, notably Germany, Spain, and France, express confidence in expanding their presence in China.
The Chinese government announced measures to stabilize the struggling real estate market. It allocated $42.25 billion to help state-owned enterprises purchase unsold apartments, aiming to provide liquidity and promote affordable housing.
Microsoft's aggressive push into artificial intelligence (AI) faces criticism as its carbon emissions surge, challenging its climate objectives despite commitments to become carbon negative by 2030.
Analysts believe a full-blown trade war is unlikely as both sides show reluctance to escalate tensions, although some retaliatory measures from China are anticipated.
China implements 15-day visa-free stays for international cruise travelers, while expanding visa-free transit and digital payment options to boost post-pandemic tourism numbers.
The Supreme Court has upheld the Consumer Financial Protection Bureau (CFPB) 's funding mechanism despite a challenge from conservative groups, ruling 7-2 in favor of the agency's funding structure.
Singapore introduces Checkmate, a service supported by the new Centre for Advanced Technologies in Online Safety (Catos), allowing users to verify suspicious text messages for scams or misinformation, as part of efforts to combat online harms.
China reiterated its call for a political resolution to the Ukraine war during Russian President Vladimir Putin's visit. President Xi Jinping recognized the need for any settlement to respect the security and sovereignty of all parties involved.