Salesforce investors recently made a bold statement by voting against the company’s compensation plan for its top executives. The resolution to approve the compensation received mixed reactions at the annual meeting, with 404.8 million votes against and 339.3 million in favor. Despite the board’s recommendation to vote in favor of the plan, two influential shareholder
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EU regulators have accused Meta, the parent company of Facebook, of failing to comply with the bloc’s antitrust rules regarding its ad-supported social networking service. This accusation comes after the introduction of an ad-supported subscription option that presents users with a “pay or consent” model, giving them the choice to pay for an ad-free experience
Generation Z in Asia-Pacific is revolutionizing the fashion industry by taking cues from idols and influencers, according to a recent report by KPMG. Unlike past generations who relied on department stores and shopping malls for fashion inspiration, Gen Z is turning to online platforms, particularly TikTok, to discover new trends and styles. The report, based
Mt. Gox, once a prominent Japanese bitcoin exchange, faced a major hack a decade ago, resulting in the loss of up to 950,000 bitcoin. However, after years of waiting, creditors are finally set to receive a payout that could amount to roughly $9 billion. Among the claimants is Gregory Greene, who stands to gain substantially
In a strategic move to combat rising competition in the field of artificial intelligence services, Amazon has decided to double the value of credits it offers to some startups to leverage its cloud infrastructure. Starting July 1, startups that have raised a Series A round of funding in the past year will now be eligible
The CEO of Chinese smartphone company Honor, George Zhao, emphasized the importance of data protection in the realm of artificial intelligence during an exclusive interview with CNBC. While discussing the integration of AI functions in smartphones, Zhao highlighted the need to limit AI operations involving personal data to the smartphone itself, known as on-device AI.
The Center for Investigative Reporting, a long-standing nonprofit newsroom, has filed a lawsuit against OpenAI and Microsoft, accusing them of copyright infringement. The lawsuit, which was filed in federal court, alleges that OpenAI used CIR’s content without permission or compensation, specifically pointing to the ChatGPT chatbot’s reliance on news stories for providing answers to user
In a recent announcement, Qatari telecoms provider Ooredoo revealed its new partnership with Nvidia, marking a significant entry for the chipmaker into the Middle East market. The collaboration will involve the deployment of thousands of Nvidia’s GPUs in data centers across several countries, including Qatar, Kuwait, Oman, Algeria, Tunisia, and the Maldives. Despite concerns over
Tesla has issued two more recalls for its Cybertruck pickups in the U.S., adding to the ongoing challenges the automaker faces with its newest electric vehicle. These latest recalls mark the third and fourth for the Cybertruck and involve physical repairs that must be handled by Tesla service appointments. One of the recalls addresses issues
Recently, European Union regulators have raised concerns about Apple’s App Store policies, specifically highlighting the anti-steering rules that prevent customers from being directed to alternative options. The European Commission has initiated an investigation into Apple under the Digital Markets Act, which aims to regulate the power of Big Tech companies. One of the key areas