The executive reshuffle comes after the Chinese tech giant’s restructuring Zhang will fully focus on the cloud unit Joseph Tsai succeeds Zhang as chairman of Alibaba Group Alibaba aims to complete list of cloud units within a year SHANGHAI, June 20 (Reuters) – Alibaba Group (9988.HK) said on Tuesday its CEO and chairman Daniel Zhang … Read more
HONG KONG/SHENZHEN, China, June 20 (Reuters) – Psst! Where can a Chinese buyer buy Nvidia (NVDA.O) high-end AI chips following US sanctions? Visiting the famous Huaqiangbei electronics district in the city of Shenzhen, southern China, is a good bet – in particular, the skyscraper SEG Plaza whose first 10 floors are full of shops selling … Read more
SAN FRANCISCO, June 15 (Reuters) – Alphabet Inc is warning employees about how they use chatbots, including its own Bard, as it markets the program worldwide, said four people familiar with the matter. Reuters. Google’s parent company advised employees not to enter its confidential documents into AI chatbots, the people said, and the company confirmed, … Read more
BRUSSELS, June 14 (Reuters) – Alphabet (GOOGL.O) Google may have to sell off part of its lucrative ad-tech business to address antitrust concerns, EU regulators said on Wednesday, threatening the company of its most severe regulatory sanction to date. . The European Commission laid out its charges in a statement of objections to Google two … Read more
WASHINGTON, June 13 (Reuters) – A U.S. judge granted a Federal Trade Commission (FTC) request on Tuesday evening to temporarily block Microsoft Corp’s (MSFT.O) acquisition of video game maker Activision Blizzard (ATVI. O) and schedule a hearing next week. U.S. District Judge Edward Davila has scheduled a two-day hearing on the FTC’s request for a … Read more
June 12 (Reuters) – The Federal Trade Commission on Monday asked a court to temporarily block the acquisition of Activision Blizzard (ATVI.O) by Microsoft Corp (MSFT.O), seeking to prevent the deal from closing before the government’s lawsuit against the $69 billion. agreement is heard. The FTC said Microsoft and Activision signaled the deal could close … Read more
June 8 (Reuters) – General Motors (GM.N) will join Ford (FN) in adopting Tesla’s (TSLA.O) North American charging socket standard and giving GM electric vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s decision, which follows a similar move by Ford to adopt Tesla’s charging socket standard, means that … Read more
(1/2) Coinbase CEO and co-founder Brian Armstrong speaks during the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson June 7 (Reuters) – Coinbase (COIN.O) Chief Executive Brian Armstrong hit back at U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler on Wednesday over the agency’s lawsuit against the … Read more
Netflix wins after Wells Fargo PT raise Coinbase rebounds a day after hitting seven-month low Indices: Dow up 0.04%, S&P down 0.28%, Nasdaq down 0.74% June 7 (Reuters) – The S&P 500 and Nasdaq gave up early gains to tumble on Wednesday as tech stocks reversed course as investors awaited inflation data and the Federal … Read more
NEW YORK, June 2 (Reuters) – As the U.S. stock market continues its ascent, investors holding stocks of the leading technology and growth companies are wondering whether to cash in or stay put. A record $8.5 billion has been poured into tech stocks over the past week, data from BofA Global Research shows, as investors … Read more
