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What Is Known About The Chinese Owner Of The Platform TikTok

In the biggest threat to the app since the Trump administration, the U.S. House of Representatives easily passed a bill this week that would give ByteDance, the Chinese company that owns TikTok, roughly six months to sell off the U.S. assets of the short video app or risk being banned.  ...

Apple Supplier Foxconn Is Optimistic About 2024 And Notes A Significant Demand For AI Servers

Foxconn, the Apple supplier and contract manufacturer, announced on Thursday that it anticipated a sharp increase in income this year due to the surge in demand for artificial intelligence servers. This is a significantly more optimistic outlook than it had previously held.   The...

With No Other Options, Airlines Attempt To Make The Best Out Of Boeing's Problems

The safety problem at Boeing has upset airline officials, and they are furious. But they are forced to work with the American planemaker in a competitive market for large planes provided by two companies.   Carriers are still in the process of negotiating new plane purchases, hoping to take...

US House Approves Bill Mandating That ByteDance Sell TikTok Or Risk Being Banned

In the biggest danger to the short-video app TikTok since the Trump administration, the U.S. House of Representatives overwhelmingly backed a bill that would give ByteDance, the Chinese company that owns TikTok, roughly six months to sell off its U.S. assets or risk having the app banned.  ...

OpenAI Refutes Allegations In Elon Musk Lawsuit And Said No Founding Agreement Was Ever There

Elon Musk, the CEO of Tesla, sued the startup earlier this month, and OpenAI has contested a fundamental assertion he made.   OpenAI is facing numerous legal challenges as it tries to market its ChatGPT chatbot and underlying AI algorithms, including the Musk lawsuit and cases for copyright...

Ikea Is Lowering Prices As Inflation Declines, And Further Reductions May Be Forthcoming

As the rate of inflation around the world decreased, the Swedish furniture and home furnishings company Ikea increased its investments in price reductions and started slashing prices in several nations.   In an effort to moderate price hikes that were implemented in 2022, the corporation is...

Broadcom’s Stocks Fall Even After The Company Forecasts $10 Billion Revenues From In AI Chip Sale In 2024

Although the tech firm Broadcom's full-year prediction failed to excite investors,  it indicated that it anticipates $10 billion in sales this year from semiconductors connected to artificial intelligence. Despite this, the price fell.   Due to lower-than-expected revenue, smaller...

The Revolutionary Huawei Chip Had Utilised Technology From Two US Equipment Companies

According to reports quoting information from persons with knowledge of the situation, Huawei Technologies Co. and its partner Semiconductor Manufacturing International Corp. relied on US technology to develop an advanced chip in China last year.   They asked not to be identified because the...

Target Announces A Paid Membership Tier And Expects Sales To Rebound In 2024

Target's shares increased 12% after the company posted better holiday-quarter earnings on a smaller-than-expected sales fall and forecast that annual comparable sales would come in considerably above Wall Street estimates.   To increase sales at its outlets, the mass merchandiser is counting...

Tesla's Stock Drops Following Lowering Of Price Target By Morgan Stanley Due To Waning Demand For EVs

After a closely followed Morgan Stanley analyst cut his price target on the company, stating that despite significant price reductions, demand for electric vehicles was still declining in important markets, notably China, Tesla's shares saw a third day of declines.   After Tesla's poor...

U.S. Lab Reports Presence Of Cancer-Causing Chemical In Clinique And Clearasil Acne Treatments

Certain acne treatments, such as Clinique by Estee Lauder, Up & Up by Target, and Clearasil by Reckitt Benckiser, have high concentrations of the carcinogen benzene, according to independent U.S. laboratory Valisure.   The lab in New Haven, Connecticut, Valisure said on Wednesday that it...

Microsoft's Specialised 'Copilot' Approach Customises AI For Financial Teams

A preview of an artificial intelligence tool for clients' financial departments was given by Microsoft on Thursday. This is a part of their aim to customise new software for specific professions, sectors, and eventually individuals.   According to the company, their product, Microsoft...
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