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...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
...Co-founder and chief executive Cesar Carvalho described the revamp as an “important milestone” ahead of an expected stock market flotation....
...The financial technology group has also developed a suite of tools helping customers with revenue, tax and billing....
...Letter in response to this article: Smart AI legislation can avoid a citizen backlash / From Thomas Jensen, Chief Executive, Milestone Systems, Brøndby, Denmark...
...Though TikTok remains unprofitable because of its heavy investment in global expansion, ByteDance as a whole recorded $28bn in net profit for 2023, the people with knowledge of its finances said....
...sanctioned Chinese fabs like [those of] SMIC or YMTC, it would not be good for the relationship between the US and South Korea,” said Gregory Allen, director of the Wadhwani Center for AI and Advanced Technologies...
...He added that Netflix would “periodically update” on subscriber figures when it hits “major milestones”....
...But as a global race for clean technology gathers pace, the EU is struggling to compete and sell its ambitious climate agenda to an industrial sector suffering fatigue from high inflation, trade tensions...
...Governor Kazuo Ueda speaks at FIN/SUM event in Tokyo US Federal Reserve board vice-chair Michael Barr speaks at the National Interagency Community Reinvestment Conference in Portland, Oregon British technology...
And Apple’s legal fight
...Nvidia’s latest earnings report, coupled with broader enthusiasm about the potential of AI technology, have helped to fuel a wider rally across global stock markets — with Wall Street’s S&P 500 hitting multiple...
...judge overseeing the case, rescinded a 2018 pay package the Tesla board had granted to Musk, which included multiple tranches of stock that vested after the company hit aggressive operating and financial milestones...
...Some argue Tesla may be caught up in a global EV bust that is only just beginning....
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...As it makes up lost ground and tries to get back on to the leading edge of global chipmaking, Intel is racing through five manufacturing “nodes”, or new process technologies, in only four years — roughly...
...In the past five years it has surpassed $1tn, $2tn and $3tn market cap milestones. But its path to becoming the world’s first $4tn company will be steeper....
...Meanwhile, global price wars are hurting all combatants. Tesla cut prices by up to 20 per cent last year amid a proliferation of low-cost vehicles from China....
...If found guilty of non-compliance, companies face hefty fines that could amount to up to 10 per cent of their global turnover....
...Roughly half of global gig workers now belong to a formal group or union, or have taken part in industrial action, a 2021 survey of nearly 5,000 workers found....
...Companies that violate the new EU law face fines of 10 or 20 per cent of their global revenue. For Apple, that would be $77bn....
...Skydance, the film studio behind Top Gun: Maverick, has entered exclusive talks to take control of Paramount Global, which had rejected a $26bn takeover offer from buyout firm Apollo, said people briefed...
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
...Do also read the great John Plender’s essay on the overlooked threats to the global financial system....
...Global smartphone shipments increased 8 per cent year on year, according to IDC’s preliminary data, the third quarter of growth in a row....
...The note’s from Andrew Garthwaite, UBS head of global equity strategy, whose team has (belatedly) published its 10 potential surprises for 2024. None represents the bank’s core views....
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