Meta Platforms is looking to cut several vice presidents from its ranks according to a report. The job cuts come as CEO Mark Zuckerberg's wealth soars and the stock is booming.
Sony Pictures Entertainment, part of Sony Group Corp, has acquired the Alamo Drafthouse Cinema, renowned for its unique dine-in movie experience. This move aims to rejuvenate the theater industry, especially as major cities like New York and Los Angeles see a dip in box-office performance.
Samsung Electronics Co Ltd (OTC
) showcased its cutting-edge foundry technologies and AI-driven strategic vision at the Samsung Foundry Forum in San Jose, revealing new process nodes, SF2Z and SF4U, aimed at boosting AI chip production. These innovations underscore Samsung's commitment to leading the AI semiconductor revolution, aiming to challenge the market dominance of Taiwan Semiconductor Manufacturing Co.
Nvidia Corp (NVDA) is trading higher as TSMC looks to boost 3nm chip production and competitor Samsung meets with tech leaders to discuss AI and semiconductors. US government may add Russia to semiconductor embargo list.
Ant Group's 2023 research spending of $2.9B for AI development. Models powering Alipay's assistants and expanding globally. BABA stock faces challenges.
Dearborn-based Ford Motor Co has reportedly been recruiting talent from major industry players, including Rivian, Tesla, and Apple, to build its low-cost EV team.