The relationship between the U.S. and China has been in flux for some time now, with the U.S. taking steps to limit the influence of Chinese companies within its borders. Steven Okun, founder and CEO of consultancy APAC Advisors, highlighted that “the decoupling is really in full force,” indicating a clear trajectory towards stricter measures
Enterprise
Former U.S. President Donald Trump recently expressed concerns about the potential ban of Chinese-owned social media app TikTok in the United States. He argued that banning TikTok would only serve to benefit Meta’s Facebook platform, which he considers to be “an enemy of the people.” Despite acknowledging the national security and data privacy issues associated
Walmart, a major player in the retail space, is making waves with its use of generative AI to enhance the shopping experience for customers. CEO Doug McMillon highlighted how the company’s gen AI search capabilities have significantly improved, positioning Walmart as a leader in innovative search solutions. This move towards a more comprehensive approach to
In a groundbreaking move, a group of around 600 software testers at Activision made history by establishing the largest union in the U.S. video game industry. This monumental union, known as Activision Quality Assurance United-CWA, represents a pivotal moment for labor rights within the gaming sector. The formation of this union comes following Microsoft’s $69
The retirement of Sony Interactive Entertainment president and CEO Jim Ryan in March 2024 marks the end of an era for the gaming industry. Ryan’s tenure began in 1994, coinciding with the launch of the iconic PlayStation console in Japan. His leadership played a significant role in shaping the success of the brand over the
UnitedHealth Group recently announced that they expect to restore Change Healthcare’s systems by mid-March following a ransomware attack that disrupted operations in the U.S healthcare system. This attack was discovered on February 21st when a cyber threat actor breached part of Change Healthcare’s information technology network. As a response, UnitedHealth isolated and disconnected the affected
House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, have taken a bold step by sending a letter to SpaceX, demanding transparency from the defense contractor. This action comes in response to reports of potentially illegal purchases and use of Starlink satellite internet equipment by Russia in occupied territories of Ukraine. The move also includes
Over the past year, Asia-Pacific’s tech sector has experienced significant growth, largely driven by the semiconductor boom. While many industries have struggled amidst global macro uncertainty, the tech sector has shown resilience and continued expansion. According to JPMorgan’s chief economist, Bruce Kasman, the tech sector in the region has been recovering, leading to a relatively
Sea Limited, a prominent tech company in Southeast Asia, announced its first profitable year in 2023. This marked a significant turnaround for the company, considering it had previously experienced substantial losses. The net income for the year amounted to $162.7 million, a stark contrast to the $1.7 billion net loss incurred in 2022. However, the
The European Commission recently imposed a hefty 1.8 billion euro fine on Apple for abusing its dominant position in the market for music streaming apps. This antitrust violation stems from Apple’s alleged restrictions on app developers, preventing them from informing iOS users about alternative and cheaper music subscription services outside of the app store. Violation