Business News

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...

Business

SoftBank Eyes a $40 Billion Investment in OpenAI, Valuing the AI Giant Over $300 Billion

SoftBank Corp. is reportedly set to invest $40 billion in OpenAI, potentially valuing the AI startup at over $300 billion. This investment could fund the Stargate AI project among ...

Business

Paris Launches Probe into Elon Musk's X Corporation Over Algorithm Bias Allegations

The Paris Prosecutor's Office is investigating Elon Musk's X Corporation over allegations of algorithmic distortions affecting data processing. French lawmaker Eric Bothorel report...

Business

Amazon Faces Legal Setback as German Court Rules in Favor of Nokia's Streaming Patent

The Duesseldorf Regional Court ruled that Amazon infringed on a Nokia streaming service patent, ordering a halt to its use. Nokia seeks a fair licensing agreement, amidst a global ...

Business

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

Billionaire Bill Ackman's investment and praise for Uber Technologies Inc. led to an 8% surge in its stock price. Ackman commended CEO Dara Khosrowshahi for transforming Uber into ...

Business

Toyota Eyes Expansion in the US, Says Japanese PM Amid Trade Talks with Trump

Japanese Prime Minister Shigeru Ishiba announced Toyota's plans to increase investments in the US during a meeting with President Trump, who also discussed trade deficits and the U...

Business

China Launches Groundbreaking Pilot Program for Insurance Funds to Invest in Gold

China's NFRA has initiated a pilot program allowing insurance funds to invest in gold, aiming to diversify investment channels and improve asset management in the insurance sector.