In a recent public appearance, SoftBank CEO Masayoshi Son shared his vision for the future of artificial intelligence (AI), predicting the arrival of artificial super intelligence (ASI) within the next decade. Son believes that ASI, which will be 10,000 times smarter than humans, will revolutionize the way we live and interact with technology. This bold
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Apple’s foray into the artificial intelligence (AI) space with Apple Intelligence faces a multitude of challenges in China, known for its stringent rules around this innovative technology. With Beijing enacting various regulations focusing on data protection and large language models, Apple finds itself at a crossroads in one of its most critical markets. The Chinese
Elon Musk recently attended the Cannes Lions advertising festival in Cannes, France where he clarified his previous remarks regarding advertisers abandoning his X social media platform. He was questioned by WPP CEO Mark Read about his previous statement telling advertisers threatening to pull ads from the platform to “go f— yourself.” During the event, Musk
Apple, along with other tech giants such as Alphabet and Meta, is currently under investigation by the European Commission for potential violations of the Digital Markets Act (DMA). Margrethe Vestager, the EU’s competition chief, has expressed serious concerns about Apple’s conduct, specifically regarding the blocking of businesses from informing users about cheaper alternatives to products
Starboard Value, an activist fund managed by Jeff Smith, has acquired a substantial stake in the graphics-design firm Autodesk. The fund has engaged in discussions with the company’s board regarding several serious concerns related to its disclosures surrounding an internal investigation that led to the removal of its chief financial officer. Sources familiar with the
The introduction of bitcoin exchange traded funds has been highly anticipated in the financial industry. BlackRock’s Samara Cohen mentioned at the Coinbase State of Crypto Summit in New York City that financial advisors are gradually moving towards adopting these new products. Currently, it is estimated that approximately 80% of bitcoin ETF purchases are being made
In the competitive world of financial technology, CleverCards has managed to secure an impressive 8 million euros ($8.6 million) in funding from investors. This Dublin-based startup is making waves by using innovative technology to address the issue of employees misusing corporate expenses. The traditional practice of handing out corporate credit cards to employees without any
Tesla CEO Elon Musk is known for his extravagant claims and visions for the future. At the 2024 annual shareholder meeting in Austin, Texas, Musk displayed his optimism by stating that Tesla is about to embark on a new chapter with its humanoid robot, Optimus, playing a starring role. Despite facing criticism for deceptive demonstrations
The stock market reaction to the European Union’s announcement of higher tariffs on Chinese electric vehicles (EVs) was evident on Thursday morning. Shares of Chinese EV companies mostly surged, with market indices such as Hong Kong’s Hang Seng index rising by 1.23% at the opening bell. The gains were mostly driven by the performance of
Apple made a significant announcement on Tuesday regarding the launch of its flagship virtual reality headset, the Apple Vision Pro, in China, Hong Kong, Japan, and Singapore on June 28. This move marks the expansion of the gadget beyond the borders of the United States for the first time. Pre-orders for the Vision Pro will