The artificial intelligence landscape in China witnessed a watershed moment this week as Alibaba unveiled its most ambitious AI model to date, while DeepSeek simultaneously disrupted the market with unprecedented cost efficiencies. These parallel developments, announced on the same day, have sent shockwaves through the global technology sector and reinforced China's determination to compete at …
Despite the new data, which shows that the overwhelming majority of teenagers are using social media platforms months after the laws to ban their use by minors under 16 came into effect, the Australian government remains adamant that the policy was ahead of its time. With the restrictions in place for three months, the nation's …
Consumers are alleging Amazon has been deceptive regarding its environmental claims on seafood items on its platform, and have brought forth a proposed class action suit. The suit alleges Amazon is greenwashing with its labels, including “dolphin safe,” “responsibly sourced,” “sustainable,” “wild caught” and “MSC Certified Sustainable Seafood,” on tuna, salmon and other seafood products, …
When SpaceX hosts its inaugural earnings call as a publicly traded company this Tuesday, Wall Street analysts will likely be zeroed in on the financial performance of its Starlink satellite network and the capital expenditure required for its ambitious AI infrastructure projects. But if the company’s newly launched online question portal is any indication, the …
The company has found itself in a precarious situation as it could lose almost half a trillion dollars in value in the wake of a disappointing forecast that has left investors in doubt and has thrown into question the viability of its growth path. The Cupertino-based tech giant plunged nearly 10 percent in one trading …
AI is the first line of defense against numerous forms of marketplace deceit in the speedily evolving realm of e-commerce. However, a recent study from Columbia Law School's Center for Law and the Economy shows that there is a troubling disconnect between technology and action at the corporate level. The study is the first from …
To bring about a major strategy change in the pricing landscape of the AI industry, OpenAI has introduced price cuts for its mid-sized and smaller AI models from July 30, 2026. The ChatGPT developer has also slashed the price of its GPT-5.6 Luna model by an incredible 80 percent, and its mid-tier GPT-5.6 Terra by …
The rapid expansion of artificial intelligence infrastructure is colliding with environmental regulations in America's South, where communities are raising alarms about the health implications of unpermitted industrial development. Representative Frank Pallone, the ranking Democrat on the House Energy and Commerce Committee, has formally requested documents and answers from Elon Musk regarding the environmental and public …
It's a humbling and maybe even a game-changing moment for a company that was once valued at an astounding $360 billion and the undisputed king of U.S. financial technology. PayPal's transformation from a pandemic-era darling to a company being put up for grabs at a reduced price is one of the most closely watched turnarounds …
The fallout from Google's record-breaking €1 billion fine by the European Union's Digital Markets Act is quickly turning into a steep legal bill for the tech giant. The first shockwaves to rip across the corporate world were the initial penalty, but the real financial danger for the search and advertising giant may just be starting. …
When Shein confidentially submitted its draft prospectus to the Hong Kong Stock Exchange in late 2023, the online fast-fashion giant was still riding the wave of pandemic-era e-commerce euphoria. The company had reportedly been targeting a valuation that would cement its status as one of the world's most valuable privately held startups. Fast forward to …
In a move that underscores the rapidly evolving dynamics of the video streaming industry, NBCUniversal and Google's YouTube have forged a significant partnership designed to expand the reach of the Peacock streaming service. This deal, which is set to take effect in early 2027, will make Peacock’s extensive library of original content and live sports …
In a landmark ruling that carries substantial implications for the future of technology licensing, Tesla has successfully revived its London lawsuit against InterDigital and the patent licensing platform Avanci. The case, which centres on obtaining a licence for 5G patents ahead of the automaker's planned launch of next-generation vehicles in Britain, was greenlit by the …
This week saw the world's artificial intelligence landscape change in a major way, with South Korea announcing a massive $950 billion in new AI projects with the world's largest tech companies, including Samsung Electronics, SK Group and even big American tech giants. The announcements were part of a South Korean president's "AI summit" in San …
