LG Electronics shares have quadrupled this year. The stock hit its 30% daily limit for a second consecutive session on Monday after reports that LG Group Chair Koo Kwang-mo will meet Nvidia CEO Jensen Huang on 5 June. The meeting will focus on expanding cooperation in physical AI. The rally began last week when LG […]
Satya Nadella has dismantled the senior leadership structure that ran Microsoft for decades. The company “quietly retired what’s known as the SLT,” a person close to the CEO told Business Insider. The senior leadership team, the powerful executives who ran sprawling businesses and reported directly to Nadella, no longer exists. In its place, Nadella has […]
The Nvidia-backed AI video firm joins Anthropic and OpenAI in betting on London, citing customers including the BBC, Fremantle and WPP. Runway is making London its European headquarters and has pledged to put more than $200m into the UK’s AI ecosystem by the end of 2028, the company told CNBC on Monday. The New York […]
A top-level Communist Party publication has signaled a shift in how Beijing intends to govern its largest internet platforms. A draft commentary set to appear in the Qiushi journal on Monday says the focus will be on balancing support for growth with enhanced regulatory oversight. The message is directed at companies including Alibaba, Meituan, and […]
When Apple launched the Apple Watch in 2015, the mid-tier wristwatch market had a handful of dominant companies. Swatch Group sold watches under Tissot, Hamilton, and Longines. Fossil Group sold under Michael Kors, Armani, and Kate Spade. Movado sold under Coach, Hugo Boss, and Tommy Hilfiger. Ten years later, the damage is quantifiable. Swatch’s revenue […]
DuckDuckGo US app installs jumped by an average of 18% week over week between 20 and 25 May. The growth sustained for six consecutive days, peaking at 30% on Memorial Day Monday. On Apple devices, weekly install growth reached 33%, with a single-day peak of almost 70%. The surge came days after Google announced sweeping […]
Twenty Snap alumni have launched Ghost Angels, an angel fund backing the next generation of social media and consumer AI startups. The fund has invested in at least five companies and plans to deploy remaining capital into at least 15 more within the next year. It declined to disclose total fund size. Max Rivera, who […]
Utah Governor Spencer Cox signed an executive order on Friday establishing a “higher bar for data center development” in the state. The order is effective immediately. It follows months of community outrage over the Stratos Project, a 40,000-acre hyperscale data centre campus backed by “Shark Tank” investor Kevin O’Leary that could reach 9 gigawatts of […]
SoftBank plans to invest as much as €75 billion ($87 billion) to build 5 gigawatts of AI data centre capacity in France. It is the Japanese conglomerate’s biggest AI infrastructure commitment in Europe. CEO Masayoshi Son and President Emmanuel Macron are expected to formally announce the deal at the Choose France Summit this weekend. The […]
