Terraform Labs (TFL) has officially filed for Chapter 11 bankruptcy protection in the United States. This comes two years after the collapse of TerraUSD and its associated cryptocurrency, Luna.
Sony group has officially terminated its plans for a $10 billion merger with India’s Zee Entertainment, the end of a two-year-long negotiation that planned to reshape India’s media industry.
Tesla and SpaceX CEO Elon Musk has denied reports suggesting that his artificial intelligence (AI) startup, xAI, has secured $500 million from investors toward a $1 billion funding goal.
The sports media brand Sports Illustrated has made mass layoffs, licensing disputes, and more. The publisher, The Arena Group, announced on Friday its intention to lay off a large number, possibly all, of the guild-represented workers at Sports Illustrated.
Reddit is getting ready for its initial public offering (IPO) in March 2024. This is because the platform faces fierce competition from industry giants like TikTok and Facebook for advertising revenue.
German startup Vay has officially launched its teledriving service in the United States, specifically in Las Vegas, Nevada. The company has already secured $110 million in funding from investors like Swedish giant Kinnevik, U.S. fund Coatue, and French private equity fund Eurazeo.
A federal appeals court has ruled that Apple cannot sell its Series 9 and Ultra 2 Apple Watches in the United States. The decision comes as part of a patent dispute with medical technology company Masimo, which is around the inclusion of a blood oxygen measurement feature in Apple watches.
Apple has surpassed Samsung as the world’s top smartphone seller for the first time in 12 years. The International Data Corporation (IDC) reported that Apple claimed the top spot in 2023, with 234.6 million units sold, surpassing Samsung’s 226.6 million units.
Vodafone and Microsoft have joined for a 10-year partnership, a commitment to drive digital transformation across Europe and Africa. The £1.2 billion deal will see Vodafone leveraging Microsoft’s generative AI, digital services, enterprise solutions, and cloud platforms to revolutionize customer experiences, enhance connectivity, and propel innovation in emerging technologies.
In a blog post, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), issued a warning that nearly 40% of jobs worldwide could be affected by the growing influence of AI.
