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04 Sept 2024

Nvidia's Record $279 Billion Rout Sparks Tech Sector Selloff Amid AI Concerns and Legal Challenges

Nvidia, the AI chip giant, experiences a massive stock plunge, leading to a broader semiconductor and tech sector decline. The company faces both market volatility and mounting legal issues.

4 Sources

Meta to Disclose AI Data Usage to Brazilian Users

Meta Platforms Inc. has agreed to inform Brazilian users about how their personal data is used to train artificial intelligence systems. This decision comes after negotiations with Brazil's Ministry of Justice and Public Security.

7 Sources

Indian Stock Markets Open Lower Amid Global Economic Concerns

Indian stock markets opened on a negative note, mirroring weak global cues. Key indices Sensex and Nifty faced early losses as concerns over China's economy and potential interest rate hikes in the US weighed on investor sentiment.

2 Sources

Apple's Product Lineup Shake-Up: 10 Items Facing Potential Discontinuation

As Apple gears up for its upcoming iPhone 16 launch event, speculation mounts about potential product discontinuations. This article explores 10 Apple products that may be phased out, signaling a significant shift in the company's product strategy.

2 Sources

Data Center Industry's Carbon Footprint: 2.5 Billion Tons of CO2 by 2030, Says Morgan Stanley

Morgan Stanley report highlights the significant environmental impact of the global data center industry, projecting 2.5 billion tons of CO2 emissions through 2030. The study emphasizes the need for sustainable practices in the rapidly growing sector.

4 Sources

DOJ Subpoenas Nvidia in Expanding AI Antitrust Investigation

The U.S. Department of Justice has issued a subpoena to Nvidia as part of a widening antitrust probe into the AI chip market. This move signals increased scrutiny of Nvidia's dominant position in the rapidly growing artificial intelligence industry.

21 Sources

Nvidia and Chip Stocks Face Volatility Amid Economic Concerns

Nvidia and other chip stocks experience fluctuations following a significant sell-off. Investors grapple with recession fears and concerns about the sustainability of the AI-driven rally in the tech sector.

9 Sources

02 Sept 2024

E.R. Engineering Corp Forms E-Core System Alliance to Advance Glass Substrate Mass Production

E.R. Engineering Corp has established the E-Core System Alliance, aiming to revolutionize the glass substrate industry by enabling mass production. This strategic move is set to impact various sectors including semiconductors, displays, and energy.

2 Sources

Jio AI Cloud: Mukesh Ambani's New Venture to Compete with Google One and iCloud

Reliance Jio, led by Mukesh Ambani, is set to launch Jio AI Cloud, a new cloud storage service that aims to rival Google One and Apple's iCloud. The service promises enhanced features and AI capabilities.

2 Sources

Mahindra & Mahindra Stock: A Stellar Performer with 78% Returns - Is It Still a Buy?

Mahindra & Mahindra's stock has shown impressive growth, delivering 78% returns in the past year. Analysts remain bullish on the company's prospects, citing strong fundamentals and growth potential.

2 Sources

China's Youth Embrace "Unproductive Forces" Amid Rising Unemployment

Chinese youth are adopting the term "unproductive forces" to describe their unemployment status, challenging societal expectations and government narratives. This trend reflects growing discontent with economic pressures and limited job opportunities in China.

4 Sources

Bengaluru Intern's Unexpected Exit: AI Startup Success Leads to Abrupt Internship Termination

A Bengaluru-based intern surprises his boss by announcing his departure from the internship after his AI startup secures funding. The incident highlights the dynamic nature of India's tech startup ecosystem.

2 Sources

South Korean Police Investigate Telegram for Online Sex Crimes

South Korean police have launched an investigation into Telegram, the popular messaging app, over its alleged involvement in online sex crimes. The probe follows concerns about the platform's use in digital sex crimes and exploitation.

3 Sources

Agoda CEO Emphasizes Localization and Customer Service as Key to Success in Travel Industry

Omri Morgenshtern, CEO of Agoda, highlights the importance of localization and customer service in the travel industry at the ET World Leadership Forum 2024. He discusses Agoda's strategies for growth and adaptation in the post-pandemic era.

2 Sources

Intel CEO to Propose Asset Shedding and Cost-Cutting Measures to Board

Intel's CEO Pat Gelsinger is set to present a strategic plan to the company's board, focusing on asset divestment and cost reduction. This move comes as Intel faces challenges in the competitive chip market.

11 Sources

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