Technology - CybAI news

13 Aug

US Considers a Rare Antitrust Move: Breaking Up Google

stp2y0 CommentsRAG modelsadvertising, ALPHABET INC-CL A, android, apps, artificial intelligence, AT&T INC, business, Government, justice department, MICROSOFT CORP, politics, Technology, Washington

A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations.The move would be Washington’s first push to dismantle a company for illegal monopolization since unsuccessful efforts to break up Microsoft Corp. two decades ago. Less severe options include forcing Google to share more data with competitors and measures to prevent it from gaining an unfair advantage in AI products, said the people, who asked not to be identified…

13 Aug

Nvidia Rebound Adds $400 Billion in Market Value Over Four Days

stp2y0 CommentsRAG modelsAMAZON.COM INC, artificial intelligence, Earnings, Hedge Funds, JULY SARL/CAEN, Markets, MICROSOFT CORP, NVIDIA CORP, retail, S&P 500 INDEX, Technology, Valuation

It’s been a rough six weeks for Nvidia Corp. shareholders. A historic dip that erased record market value from the company was followed by a four-day stretch of stomach-churning volatility. Now, though, signs are emerging the worst might be over.The chipmaker’s shares have surged nearly 17% in the past four sessions, adding more than $400 billion in market value to one of the biggest companies in the world. The rebound has propelled the broader market higher as well, with Nvidia accounting for about 22% of the S&P 500’s gain over that span, double the contribution of any other single stock.…

13 Aug

Musk’s X Ordered to Pay Compensation to Dismissed Irish Employee

stp2y0 CommentsRAG modelsBarry Kenny, Culture, Elon Reeve Musk, Employment, europe, Ireland, Markets, social media, Social Network, Technology, TWITTER INC, United States

Elon Musk’s X has been ordered to pay compensation to a former staff member of its Irish unit in an unfair dismissal case.The social network platform formerly known as Twitter was ordered to pay out over €550,000 ($602,640) to the former employee, Ireland’s Workplace Relations Commission, the state body responsible for adjudicating employment disputes, said on Tuesday. It is the largest sum the agency has ever awarded, according to Irish broadcaster RTE. Source link lol

13 Aug

Google Launches Pixel 9 Phones, Pixel Watch 3 in Renewed Push to Sell AI

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, APPLE INC, artificial intelligence, design, gadgets, hardware, SAMSUNG ELECTRONICS CO LTD, smartphone, software, Technology

Alphabet Inc.’s Google is rolling out upgraded smartphones, watches and earbuds, aiming to take on Apple Inc. and Samsung Electronics Co. and offer more ways to use artificial intelligence.Google is touting the products — unveiled weeks ahead of Apple’s newest gadgets — as the best way to experience its latest AI technology. The hardware also has outward changes, with Google moving away from the curved design it has used for several years on its Pixel phones. Source link lol

13 Aug

Coinbase Returns to Hawaii Seven Years After Exiting Market

stp2y0 CommentsRAG modelsbitcoin, blockchain, business, COINBASE GLOBAL INC -CLASS A, cryptocurrencies, cryptocurrency, Faryar Shirzad, Hawaii, Markets, policy, regulation, SEVEN, Technology, US Securities and Exchange Commission

After a seven-year absence, Coinbase Global Inc. said it will resume offering crypto services to residents of Hawaii, the only state where it didn’t operate. The biggest US digital-asset exchange credited changes in local regulatory guidance with its decision to return to the Aloha State, which is home to about 1.4 million people. Hawaiians will now be able to trade cryptocurrencies and earn interest on their holdings through staking, a process where tokens are used to facilitate blockchain transactions, the San Francisco-based company said in a blog post Tuesday. Source link lol

13 Aug

Shein Hires Former EU Official to Bolster Lobbying as IPO Nears

stp2y0 CommentsRAG modelschina, Christian Democratic Union of Germany, environment, europe, germany, IPOs, london, Markets, PDD HOLDINGS INC, policy, regulation, Technology

Shein has enlisted a former top European Union official to bolster its lobbying efforts across the region, taking a more active stance toward potential regulatory scrutiny as it plans a stock market debut in London.The online fashion retailer hired former EU budget commissioner Günther Oettinger as a consultant to help it navigate the bloc’s policy environment, a company representative said. Shein faces a raft of issues including a debate whether to impose customs duties on cheap parcels — a potential game-changer for Shein and other low-cost online retailers like PDD Holdings Inc.’s Temu. Source link lol

13 Aug

Mercuria Adds Former IXM Lead and Zinc Chief in Metals Hiring Spree

stp2y0 CommentsRAG modelsCommodity Futures, Futures Markets, Generic 1st 'HG' Future, Markets, science, Technology

Mercuria Energy Group Ltd. is hiring the former head of lead and zinc at rival trader IXM SA, the latest senior addition in a major push into metals in recent months.Xavier-Alexandre Ortiz will join Mercuria in the same role once his gardening leave ends in the next few months, according to people familiar with the matter. He worked at IXM for almost 14 years before leaving the company in June. Source link lol

13 Aug

UK Plans Grid Links to Speed Floating Offshore Wind Farms

stp2y0 CommentsRAG modelsclimate change, Decarbonization, design, ESG Concerns, Government, regulation, renewable energy, Technology, United Kingdom, Wind Energy

The UK’s electricity system operator has designed a plan to connect three proposed floating offshore wind farms with the grid, as the country’s decarbonization drive picks up speed.National Grid ESO has planned the links for 4.5 gigawatts of floating offshore wind in the Celtic Sea, an area of the Atlantic Ocean off the coast of South Wales and southwest England. The connections have been designed before seabed leasing takes place for the wind farms, which will generate enough power to supply 4 million homes. Source link lol

13 Aug

MTN, IHS Reopen Talks to Resolve Stand-Off on Governance Issues

stp2y0 CommentsRAG modelsEmerging Markets, europe, finance, France, MTN GROUP LTD, Ralph Tendai Mupita, South Africa, Technology, Voting Rights, WENDEL, Wireless

MTN Group Ltd., Africa’s largest wireless carrier by footprint, agreed to reopen talks with top continental tower operator IHS Holdings Ltd. in a bid to resolve governance issues that have placed a wedge between the companies for more than a year. MTN, which is IHS’s biggest shareholder, has sought voting rights in line with the 26% economic interest it owns in the tower company and wants more power to nominate board members, which IHS has pushed back on. Following a breakthrough in commercial talks that saw MTN and IHS renew tower leases of 26,000 sites across six African markets, negotiations…

13 Aug

Singapore’s Sea Tops Profit Estimates on Online Shopping Growth

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, artificial intelligence, BYTEDANCE LTD, E-commerce, Earnings, PDD HOLDINGS INC, SEA LTD-ADR, Singapore, Southeast Asia, Stock Futures, Technology

Sea Ltd. raised the outlook for its main online retailing arm, signaling the Southeast Asia e-commerce leader is effectively encountering intense competition from the likes of TikTok and Lazada.The value of goods sold by the Shopee division will rise in the “mid-20%” range this year, Sea said TuesdayBloomberg Terminal, rather than the “high teens” pace predicted in March. Singapore-based Sea also posted second-quarter profit and sales that topped analysts’ estimates. Source link lol