SoftBank CEO, Masayoshi Son, recently shared his vision for the future of artificial intelligence (AI) during a public appearance where he discussed the concept of artificial super intelligence (ASI) that is 10,000 times smarter than humans. Son also introduced the term artificial general intelligence (AGI) which he believes will arrive in the next three-to-five years.
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Apple’s ambitious push into artificial intelligence (AI) is facing significant challenges in China, a crucial market for the tech giant. Beijing’s stringent regulations around AI technology pose a barrier to Apple’s plans to integrate AI features into its devices. In a market where Apple’s market share is already under pressure from local competitors like Huawei,
Elon Musk recently attended the Cannes Lions advertising festival in Cannes, France, where he attempted to clarify his previous remarks directed at advertisers who were considering pulling their ads from his X social media platform. Musk’s comments, which were made in response to WPP CEO Mark Read’s question, had caused quite a stir in the
The European Union’s competition chief, Margrethe Vestager, recently highlighted a number of “very serious” issues regarding Apple under the EU’s Digital Markets Act (DMA). The investigation, which also includes Alphabet and Meta, is focused on whether Apple is blocking businesses from informing users about cheaper options for products or subscriptions outside of the App Store.
Starboard Value, an activist fund led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk. The fund has expressed serious concerns regarding Autodesk’s disclosures surrounding an internal investigation that resulted in the removal of its CFO. The timing of Autodesk’s disclosure of the investigation raised eyebrows as it revealed that executives
The introduction of bitcoin exchange traded funds in January has sparked interest among financial advisors, albeit at a gradual pace. According to Samara Cohen from BlackRock, approximately 80% of bitcoin ETF purchases have been made by self-directed investors through online brokerage accounts. While hedge funds and brokerages have also shown interest in these funds, registered
Managing corporate expenses can be a challenging task for many companies. According to a survey of CFOs, employees have been known to make improper expense requests for things like doggie day spas, dance classes, and even taxidermy services. These requests highlight the issue that sometimes companies cannot trust their employees’ judgment when it comes to
Elon Musk, the CEO of Tesla, is known for his ambitious visions and bold statements. At the 2024 annual shareholder meeting, he introduced the concept of Optimus humanoid robots and claimed that they could potentially boost Tesla’s market cap to $25 trillion. This announcement comes as part of a larger narrative of Tesla entering a
The European Union recently announced higher tariffs of up to 38% on Chinese electric vehicles, causing a surge in the stock prices of Chinese EV makers. Hong Kong’s Hang Seng index saw a significant increase of 1.23% at the open, largely driven by gains in EV stocks. Leading the pack was EV company BYD, which
Apple recently announced the launch of its flagship virtual reality headset, the Apple Vision Pro, in several Asian markets including China, Hong Kong, Japan, and Singapore. This expansion marks the gadget’s first debut outside of the United States, with pre-orders set to begin on Friday. The Vision Pro, which originally became available in the U.S.