Enterprise

China’s sudden announcement of new regulations aimed at curbing excessive gaming and spending sent shockwaves through the financial markets. As a result, Tencent, NetEase, and Bilibili, some of the largest online gaming-related companies, collectively lost about $43.5 billion in market value on Friday. This unexpected move by China’s National Press and Publication Administration had a
0 Comments
Artificial intelligence (AI) continues to revolutionize various industries, including intellectual property rights and patent law. However, the recent ruling by the U.K.’s highest court has highlighted a significant barrier for AI. In a decision that will have far-reaching implications for the future of AI tools, the court ruled that AI cannot be listed as an
0 Comments
Taiwan Semiconductor Manufacturing Company (TSMC) has recently made a significant announcement regarding its leadership structure. Chairman Dr. Mark Liu has revealed his decision to retire from the company after the 2024 annual shareholders meeting. This strategic move presents an opportunity for a successor to take the helm and steer the world’s leading semiconductor producer into
0 Comments
In a recent development, Microsoft-owned video game publisher Activision Blizzard has reached a settlement agreement with a California state agency over allegations of gender discrimination. The California Civil Rights Department accused the company of denying promotions and paying women less than their male counterparts. As part of the settlement, Activision Blizzard will pay approximately $55
0 Comments
General Motors’ Cruise is facing yet another setback as the company announced internally that it will be laying off 900 employees, accounting for 24% of its workforce, according to a confirmation from the company to CNBC. The layoffs primarily targeted commercial operations and related corporate functions, further adding to the turmoil that the robotaxi startup
0 Comments
Adobe, the software maker, saw a sharp drop in its shares during extended trading on Wednesday following the release of a forecast for 2024 that fell short of expectations. While the company’s earnings per share of $4.27 and revenue of $5.05 billion exceeded consensus estimates for the fiscal fourth quarter, its projection for the new
0 Comments