Tag:
Investment
Business
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.
Business
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.
Business
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.
Business
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.
Business
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.
Business
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.
Technology
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.
Business
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.
