Thursday, 21 November 2024
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Tag: Investment

Take-Two Interactive sells Private Division to focus on core and mobile games

Take-Two Interactive sells the indie label Private Division to refocus on core and mobile games; the buyer remains undisclosed but has gained major titles.

New study reveals 95% of CEOs prioritise tech investments amid hybrid work boom

95% of CEOs prioritise tech investments to support hybrid work, with focus areas in AI, cloud, and security, driving productivity and employee satisfaction.

Intel reportedly declines ARM’s offer to purchase product division

Intel turned down ARM’s offer to buy its product division as financial struggles continue, rivals circle, and investment options remain on the table.

TSMC dismisses Sam Altman’s US$7 trillion chip manufacturing proposal

TSMC rejects OpenAI CEO Sam Altman’s US$7 trillion plan to build chipmaking plants, raising concerns over its feasibility and financial risks.

Osom Products, founded by former Essential staff, is closing down

Osom Products, founded by former Essential employees, is closing down. It cites financial difficulties and the inability to secure new investments.

Apple and Nvidia are considering joining the OpenAI funding round

Apple and Nvidia are reportedly in talks to invest in OpenAI, joining Microsoft in a funding round that could value OpenAI at over US$100 billion.

ChatGPT sees rapid growth, doubling its weekly users in under a year

ChatGPT's weekly users have doubled to over 200 million in less than a year, with widespread use among Fortune 500 companies and new AI safety measures.

Yelp takes Google to court over alleged antitrust violations

Yelp files an antitrust lawsuit against Google, alleging unfair local search practices that harm competition and degrade service quality.

Meta settles with Texas for US$1.4 billion over a facial recognition dispute

Meta agrees to pay US$1.4 billion to settle a Texas lawsuit over Facebook’s facial recognition technology, resolving privacy violations.

Digital Domain invests US$26 million in a Hong Kong R&D centre for visual effects and AI videos

Digital Domain is investing US$26 million in a Hong Kong R&D centre for advanced visual effects and AI video production, boosting tech innovation.

Meta eyes 5% stake in the sunglasses giant EssilorLuxottica

Meta may buy a 5% stake in EssilorLuxottica, signalling a potential fashion crossover with Supreme and securing its future with AR glasses.

Zhihu introduces an AI-powered feature to boost user engagement

Zhihu introduces the AI-powered feature Zhida to enhance user engagement, joining other Chinese tech giants in leveraging AI for online services.