The recent vote against Salesforce’s compensation plan for top executives, including CEO Marc Benioff, reflects widespread shareholder disapproval of the company’s equity awards. The board had urged shareholders to support the resolution, but shareholder advisory groups Glass Lewis and Institutional Shareholder Services recommended against it. This discrepancy, with 404.8 million votes against and 339.3 million
Enterprise
Meta, the parent company of Facebook, is facing accusations from EU regulators of violating antitrust rules through its ad-supported social networking service. The European Commission has raised concerns about the new subscription model introduced by Meta, which gives users a “pay or consent” choice – either pay for an ad-free experience or consent to their
Generation Z in Asia-Pacific is reshaping the fashion industry by taking cues from idols and influencers, as revealed in a recent report by KPMG. Unlike previous generations who visited brick-and-mortar stores for shopping, Gen Z is now turning to online platforms to stay ahead of the latest trends and styles. By following idols and influencers
The collapse of Mt. Gox, a Japanese bitcoin exchange, sent shockwaves through the cryptocurrency world a decade ago. The exchange fell victim to a major hack in 2011, resulting in the loss of up to 950,000 bitcoins. This incident occurred when bitcoin was still in its nascent stages and traded for a fraction of its
In a strategic move to compete with Microsoft in the realm of artificial intelligence services, Amazon has decided to double the value of credits it offers to select startups utilizing its cloud infrastructure. Beginning on July 1, startups that have recently secured a Series A round of funding will now be eligible to receive $200,000
In a recent exclusive interview with CNBC, George Zhao, CEO of Chinese smartphone company Honor, emphasized the essential role that artificial intelligence (AI) plays in transforming technology. However, Zhao made it clear that the true value of AI lies in protecting user data. This stance comes in the wake of Apple’s announcement regarding personalized AI
The advent of artificial intelligence (AI) has ushered in a new era of innovation and transformation across various industries, including the news sector. However, the integration of AI technologies in newsrooms has also raised significant concerns regarding copyright infringement and intellectual property rights. In recent years, the news industry has found itself embroiled in legal
In a recent statement to CNBC, Qatari telecoms provider Ooredoo announced its new partnership with Nvidia, assuring that the collaboration is fully compliant with all U.S. regulations. This strategic tie-up marks Nvidia’s significant entry into the Middle East market, with thousands of its GPUs set to be deployed in 26 data centers across Qatar and
Recently, Tesla has faced additional challenges with its Cybertruck pickups in the United States, leading to two new recalls. These recalls, which mark the third and fourth instances for the Cybertruck, involve necessary physical repairs that require customers to book appointments with Tesla service centers. The issues range from problems with trim pieces coming loose
European Union regulators have recently accused Apple of violating new tech rules by restricting customers of its App Store from being directed to alternative options. The European Commission, the EU’s executive arm, has launched a probe into Apple over its contractual terms with developers, as well as its compliance with the Digital Markets Act (DMA).