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Business

SoftBank Eyes $40 Billion Investment in OpenAI, Valuing AI Startup Over $300 Billion

SoftBank Corp. is reportedly investing $40 billion in OpenAI, potentially valuing the AI startup over $300 billion. Part of the investment may fund the Stargate AI project, highlig...

Business

Paris Launches Investigation into X Corporation Over Alleged Algorithm Manipulation

The Paris Prosecutor's Office investigates X Corporation over claims of algorithmic distortion, with the cybercrime department analyzing potential impacts on automated data process...

Business

Amazon Faces Legal Hurdle: German Court Rules Infringement of Nokia's Streaming Patent

The Duesseldorf Regional Court ruled that Amazon infringed on a Nokia patent related to streaming services, ordering Amazon to stop using it. Nokia welcomes the decision and hopes ...

Business

Uber's Stock Skyrockets 8% Following Bill Ackman's High Praise and Investment

Uber Technologies Inc. shares surged 8% after billionaire hedge fund manager Bill Ackman disclosed a 33.3 million-share stake, praising the company's management and transformation ...

Business

Toyota Eyes Expansion in US: A Strategic Move Amid Trade Talks

Japanese Prime Minister Shigeru Ishiba and US President Donald Trump discussed Toyota's potential investment in the US, trade deficits, and the US Steel deal, signaling a possible ...

Business

Meta Platforms Inc. Announces Major Workforce Reduction: What You Need to Know

Meta Platforms Inc. is set to announce significant staff layoffs, affecting around 3,600 employees identified as low-performing. Employees will be notified via email about their se...

Business

Elon Musk Dismisses Rumors of TikTok Acquisition, Sparking Industry Speculation

Elon Musk has denied any plans to buy TikTok, contradicting speculations and former President Trump's conditional support for the deal. This decision has led to industry-wide specu...

Business

Meta and UNESCO Join Forces to Revolutionize AI Translation for Rare Languages

Meta Platforms Inc. partners with UNESCO to develop AI that can translate rare languages by using human reasoning, seeking contributions for its Language Technology Partner Program...