Shares of Microsoft and Alphabet dropped on Tuesday amid investors' concern about the high cost of AI development.
Industry
China's Stock Market Is Sliding After Brutal Crash This Week
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Meta CEO Mark Zuckerberg to Receive $700 Million a Year From the Company’s New Dividend
Meta CEO Mark Zuckerberg is set to receive an annual payout of approximately $700 million from the tech giant's new dividend.
Drugmaker Hikma, Ad Firm Publicis Agree to Pay $500 Million to Settle US Opioid Cases
A division of French ad firm Publicis Groupe SA and drugmaker Hikma Pharmaceuticals have reached separate settlements totaling $500 million to resolve allegations that they helped fuel the deadly opioid epidemic in the US.
US Expands List of Chinese Tech Companies It Says Are Helping China's Military
The United States (US) has expanded the list of Chinese tech companies it accuses of working with the military of China.
Latest News
FTX, the cryptocurrency exchange that has collapsed, intends to repay investors for the losses they incurred during its downfall.
Apple has opted to extend its licensing agreement with Qualcomm for modem chips. Apple has opted to extend its licensing agreement with Qualcomm for modem chips, Qualcomm disclosed during its first earnings call this year.
Byron Allen, through his company Allen Media Group, has made a $30 billion bid to acquire Paramount Global.
China has reported the death of a 63-year-old woman from Anhui province due to combined H3N2 and H10N5 strains of bird flu.
A Delaware judge ruled on Tuesday to void Tesla CEO Elon Musk's 2018 compensation package, which is potentially worth up to $55.8 billion.
UPS is set to lay off 12,000 workers this year, attributing the decision to a notable slowdown in delivery volume.
A recent study predicts that around 62,000 entertainment jobs in California are likely to be disrupted by AI.
GOP reps are urging the Biden administration to investigate Ford's deals with Chinese companies.
Elon Musk has revealed that his startup Neuralink has successfully carried out its first brain implant in a human patient.
