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According To Insiders, TikTok Is Building A US Version Of The App's Main Algorithm

According to people with firsthand knowledge of the project, TikTok is developing a clone of its recommendation algorithm for its 170 million American users. This might lead to a version that runs independently of its Chinese parent and is more acceptable to US politicians who wish to outlaw the...

PlayStation User Interaction Is Emphasized By Sony As Hardware Sales Decline

Japanese electronics firm Sony has highlighted the strength of user engagement with its gaming platform as the PlayStation 5 console sales taper off and businesses in the industry search for recurring revenue stream.   Thanks in part to add-on services and content like PlayStation Plus, PS5...

HP Exceeds Revenue Projections Due To A Rebound In PC Demand

As consumers update their systems, HP Inc.'s second-quarter sales topped Wall Street projections on Wednesday, indicating a rebound in the personal computer (PC) industry.   Similar to other PC manufacturers, HP had a spike in sales during the pandemic as people stocked up on electronic...

The First Strike At Samsung Electronics Is Threatened For Next Week

Next week, a South Korean Samsung Electronics union will stage its first-ever walkout in protest over pay demands, according to union leaders, who made the announcement on Wednesday.   As part of larger protest actions, the National Samsung Electronics Union (NSEU), which has around 28,000...

Anglo Declines BHP's Desperate Attempt To Resume Acquisition Negotiations

Anglo American on Wednesday turned down BHP Group's desperate plea for an extension to review its $49 billion acquisition bid, calling it too complicated and probably signalling the end of the larger rival's five-week chase.   Anglo had rejected a third acquisition bid, which it deemed too...

According To Latest Data, Sale Of iPhone In China Increased By 52% In April

Data from a research organisation associated with the Chinese government shows that Apple's smartphone sales in China increased 52% in April compared to the same month last year, continuing a recent upward trend.   The increase comes after the American tech giant underperformed in the...

Alibaba's Global Subsidiary Arm Appoints David Beckham As Global Brand Ambassador For e-Commerce Business

The commercial subsidiary of Alibaba said on Monday that football player David Beckham will serve as a brand ambassador for AliExpress, the company's worldwide e-commerce platform, in the largest global relationship to date.   The agreement is made against the backdrop of the fast worldwide...

Shareholders Are Advised By Proxy Firm To Oppose Elon Musk's $56 Billion Compensation Proposal

The $56 billion compensation proposal for Tesla CEO Elon Musk, if approved, would be the highest pay package for a CEO in corporate America, according to a statement made on Saturday by proxy consulting company Glass Lewis.   The "excessive size" of the compensation package, the dilutive...

Saudi Arabia Aims To Sell Aramco Shares As Early As June, Say Insiders

Saudi Arabia is preparing to sell billions of dollars' worth of shares in the energy giant Aramco as early as June in what would be one of the largest stock sales in the area, according to a Reuters report based on information from two persons familiar with the situation.   One of the...

Changes In Google’s Search Engine Could Leave Out Airlines, Hotels, And Retailers

Lobbying organisations that speak for airlines, lodging facilities, and stores have asked European Union tech authorities to make sure that Google considers their opinions as well as those of big middlemen when making modifications to conform with historic tech regulations.   Concerns over...

Heat And Power Consumption Issues Resulting Failure For Samsung's HBM Chips In Testing By Nvidia

Due to concerns with heat and power consumption, Nvidia has not yet approved Samsung Electronics' most recent high bandwidth memory (HBM) chips for use in the American company's AI processors, according to three persons briefed on the matter.   According to them, the issues impact both the...

HubSpot Acquisition By Google Would Strengthen Effort To Take On Microsoft

The $31 billion market valuation of HubSpot, a U.S. provider of marketing software, might enable Google parent Alphabet to more effectively compete with Microsoft in the business cloud application market.   According to Reuters last month, Google was considering making a deal for HubSpot....
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