Samsung is making a concerted effort to tailor its artificial intelligence features, known as Galaxy AI, specifically for the Chinese market. With the rise of local players dominating the smartphone industry in China, Samsung is looking to regain its market share by introducing innovative AI capabilities in its devices. In recent years, Samsung has faced
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EU antitrust regulators have recently accepted commitments from Apple to grant access to its tap and go payments technology to competitors, following a four-year investigation. This decision marks a significant milestone in the efforts to promote competition and innovation in the mobile payments industry. The European Commission launched an inquiry into Apple Pay in 2020,
A New Era for Paramount The recent $8 billion takeover of Paramount by Skydance has stirred a sense of relief in Hollywood. Many stakeholders see this acquisition as a positive development, ensuring that a renowned motion picture studio and entertainment conglomerate will continue to thrive. This outcome differs significantly from what could have happened if
Aidan Gomez’s journey in the field of artificial intelligence has been nothing short of remarkable. Starting as an intern at Google Brain, Gomez played a pivotal role in co-authoring the groundbreaking “Attention Is All You Need” paper, which introduced the revolutionary transformer model to the world. His work has since led to the widespread adoption
A gory Hindi action film, “Kill,” is set to open on 827 screens through Roadside Attractions, marking the distributor’s initial venture into the realm of Indian cinema. The movie comes at a time when Indian films are experiencing heightened popularity in North America, with two recent films making their way into the top 10 box
The stock of Samsung Electronics reached its highest level since January 2021 following the announcement of better-than-expected profits for the second quarter. The South Korean tech giant saw an increase in its stock price by as much as 2.24% on Friday morning, trading at 86,500 Korean won ($62.73) according to LSEG data. This surge came
Samsung Electronics has estimated a remarkable more than 15-fold increase in its second-quarter operating profit, indicating a significant rebound in its financial performance. This surge in profit can be attributed to the rise in semiconductor prices, driven by the artificial intelligence boom, which has substantially boosted earnings compared to a low base in the previous
The recent $2.65 billion deal between Saks Fifth Avenue parent HBC and department store chain Neiman Marcus is a strategic move to boost their negotiating power with vendors and enhance their ability to control costs. In the midst of a luxury retail market grappling with slowing demand due to high interest rates and inflation, this
Dividend-paying stocks provide investors with an opportunity to strengthen their portfolios and increase overall returns. By choosing companies with a consistent track record of dividend payments and solid financials, investors can secure stable income streams while benefiting from capital appreciation. Wall Street’s top analysts have identified three dividend stocks that stand out as attractive options
Geely, a Chinese automaker listed on the Hong Kong stock exchange, has recently caught the attention of Morgan Stanley analysts who resumed coverage of the company with an overweight rating. Despite facing challenges in a competitive market environment, Geely has shown resilience and is expected to weather macro and industry uncertainties. One of the key
In a strategic move to boost its cloud infrastructure services, Amazon Web Services (AWS) has announced that it will double the value of credits offered to some startups. This initiative comes as AWS faces stiff competition from Microsoft in the realm of artificial intelligence services. Starting July 1, startups that have recently raised a Series
Amazon is making significant strides in the field of artificial intelligence by acquiring talent from AI startup Adept. The move, which involves hiring key members of Adept’s team and licensing their technology, demonstrates Amazon’s commitment to advancing its AI capabilities. Rohit Prasad, a senior vice president at Amazon, recently announced in a memo to employees
Levi Strauss, the iconic clothing maker known for its blue jeans, is experiencing a surge in popularity as consumers are embracing the Western wear trend. This trend has been fueled by cultural influences such as Beyoncé’s “Levii’s Jeans” lyric and Taylor Swift’s Eras Tour, as well as fashion lines like the one unveiled by Louis
The rapid advancements in artificial intelligence (AI) have brought about significant transformations in various industries. However, Chinese smartphone company Honor’s CEO, George Zhao, emphasizes that these advancements are meaningless if user data is not adequately protected. In an exclusive interview with CNBC, Zhao highlighted the need for safeguarding personal data in AI operations to ensure