ByteDance-owned TikTok has halted plans to expand its e-commerce platform in Europe, focusing on U.S. growth instead. Regulatory challenges in the U.S. and concerns over potential bans prompted the shift. TikTok aims to increase its U.S. merchandise volume to $17.5 billion in 2024, countering threats from regulatory actions and enhancing its affiliate program to boost presence.
Microsoft concerned about potential Apple-OpenAI deal as it could impact its own AI ambitions. Altman aims to replace Google as Apple's search partner.
Alphabet Inc.'s Google defended its AI search results amid criticism for bizarre and inaccurate suggestions, attributing errors to "data voids" and unusual queries, and outlining plans to improve the AI Overviews feature.
The highly anticipated PCE price index, a key measure of inflation, will be released on Friday. Investors await the data, which could impact interest rates and asset prices.
Amazon's Prime Air drone program has received U.S. regulatory approval to operate beyond the visual line of sight of pilots, enhancing delivery range and service areas. This significant milestone allows for expanded delivery services in College Station, Texas, and integration into Amazon's same-day network.