Business
Sam Altman’s Return as OpenAI CEO
UNITED STATES: In a surprising twist of events, Sam Altman is on the verge of reclaiming his role as the CEO of OpenAI, the non-profit research organization he co-founded in 2015. Just days after his abrupt removal on November 18, 2023, a groundswell of support from employees, investors, and the broader tech community has propelled […]
Statista Leadership Change: Marc Berg Takes Over as CEO
GERMANY. Hamburg: In a significant announcement, Statista reveals a leadership transition. Effective January 1, 2024, founders Dr. Friedrich Schwandt (CEO) and Hubert Jakob (COO) will transition to the positions of chairmen, while Marc Berg assumes the role of the new CEO, responsible for steering Statista’s strategic direction and day-to-day management. Marc Berg, with a robust […]
Imagination Technologies Announces 20% Workforce Cut Amidst Business Challenges
UNITED KINGDOM: In a strategic move to navigate a tumultuous business landscape, Imagination Technologies, the U.K.-based chip technology design maker, has revealed plans to lay off 20% of its workforce, according to confidential sources close to the matter. The company, known for supplying chip technology to tech giant Apple since a 2020 agreement, cited a challenging “business […]
Chinese Chipmaker Yangtze Memory Technologies Files Patent Infringement Lawsuit Against Micron Technology
CHINA: In a bold move, Chinese semiconductor manufacturer Yangtze Memory Technologies Co (YMTC) has fired the latest salvo in the ongoing chip industry battle by filing a lawsuit against U.S. rival Micron Technology. The lawsuit, lodged on November 9 at the U.S. District Court for the Northern District of California, accuses Micron of infringing on eight […]
Diwali Muhurat Trading: Stock Market Witnesses Buoyancy
INDIA. Mumbai: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) http://National Stock Exchange (NSE)witnessed a positive start to “Samvat 2080” as the benchmark equity indices surged 0.9% during the customary one-hour special ‘ Diwali Muhurat Trading.’ The trading session, held between 6.15 pm to 7.15 pm at the BSE in South Mumbai, marked […]
Lockheed Martin Secures $33.7 Million Contract for Nuclear-Powered Spacecraft Tech
UNITED STATES: In a significant leap forward for space exploration, Lockheed Martin has been awarded a $33.7 million contract by the U.S. Air Force Research Laboratory (AFRL) to spearhead advancements in nuclear-powered spacecraft technologies. This initiative, named the Joint Emergent Technology Supplying On-Orbit Nuclear (JETSON) effort, aims to mature high-power nuclear electric power and propulsion […]
Popular Video Chat Platform Omegle Shuts Down after 14 years
PHILIPPINES: Omegle, the beloved platform for random and anonymous video chatting, is bidding farewell to its millions of users worldwide. The announcement comes from the platform’s founder, Leif K-Brooks, who cites the relentless struggle against misuse and a recent surge in attacks on communication platforms as the reasons behind this decision. Omegle, initially launched from […]
Ford Unveils Mustang GT4, Ready to Roar in SRO GT4 Category from 2024
UNITED STATES: Ford has unveiled the latest addition to its Mustang race car family, the Mustang GT4. Coming hot on the heels of the Mustang GT3’s debut just a month ago, this remarkable racing machine is all set to roar into the SRO GT4 category, poised to take on competitors starting in 2024. The Mustang GT4, […]
WhatsApp Bans over 71 Lakh Accounts in India in September as per IT Rules 2021 Compliance
INDIA: Meta-owned messaging giant WhatsApp made headlines in September by taking strict action against over 71 lakh problematic accounts in India, all in compliance with the new IT Rules 2021. The move came as part of WhatsApp’s commitment to maintaining user safety and ensuring that its platform remains free from abuse and misuse. Between September […]
Thomson Reuters Pours $100 Million into Generative AI, Unleashing New Era for Professionals
UNITED STATES: Thomson Reuters Corp., a global leader in information services, has announced a game-changing initiative to invest over US$100 million annually in generative artificial intelligence (AI). The company is poised to revolutionize the professional landscape by integrating cutting-edge AI capabilities into its suite of products. One such advancement is set to debut on November 15 […]