Data Leak In Masayoshi Son’s SoftBank-Backed Internet Company Causes Strain In Japan-South Korea Relations
The breaches were attributed to insecure systems at Seoul-based Naver, which co-owns the company.
Tim Cook’s New AI Push To Bring In New Customers For Apple? Analyst Says It ‘Isn’t Enough’
Analysts expressed doubts about whether consumers would rush to upgrade their devices for enhanced AI features.
Alibaba’s New E-Commerce Strategy Prioritizes Growth Over Profitability: ‘To Some Extent, We Shot Ourselves In The Foot,’ Analyst Warns
Alibaba Group Holding is prioritizing long-term growth over near-term profits. However, analysts are warning that the e-commerce giant's efforts might be hampered by fierce competition.
Jeff Bezos-Backed Perplexity CEO Criticizes Google’s Ad-Heavy Model: ‘It Ended Up Going The Same Path As Yahoo’
Perplexity, an AI-powered search engine supported by Jeff Bezos and frequently used by Nvidia CEO Jensen Huang, highlights concerns over Google's ad-heavy model. The CEO of the AI search engine cites decreasing engagement and a growing desire for more direct, user-centric search experiences.
Ripple Sets Up Fund To Propel Blockchain Innovation In Japan And South Korea
In a recent development, the blockchain firm Ripple (CRYPTO: XRP) has established a fund in Japan and Korea to bolster innovation on its XRP Ledger.
UBS And Credit Suisse Swiss Unit Merger Set For July 1, Says Senior UBS Executive
The Swiss units of UBS Group and Credit Suisse Group are on track to merge by July 1, according to a senior UBS executive.
Jim Cramer Bullish On Apple After AI Breakthroughs At WWDC 2024: ‘Beginning Of Generative AI For Personal Use, Not Corporate Use’
Jim Cramer, CNBC's host, has expressed increased optimism for Apple Inc following the company's Worldwide Developers Conference.
Singapore Airlines Offers Up To $25,000 In Compensation To Passengers After Fatal Turbulence Incident
Singapore Airlines has offered compensation to passengers of a flight that encountered extreme turbulence last month, resulting in one fatality and multiple injuries.
Uber Drivers: Employees Or Contractors? California Court Deals Blow To Gig Economy
The court ruled that Uber did not demonstrate that the 2020 state law, AB5, unfairly targeted app-based transportation companies while exempting other industries.
Bill Gates’ TerraPower Ventures Into Advanced Nuclear Plant Construction, Aiming To Combat Climate Crisis: ‘I’ve Been Waiting For This Day For Nearly 20 Years’
Bill Gates, the co-founder of Microsoft, and his energy company TerraPower have commenced construction on a next-generation nuclear power plant in Wyoming. The project is expected to significantly transform power generation.