Meta Platforms, the parent company of Facebook led by Mark Zuckerberg, is seeking to significantly strengthen its position in the global race for artificial intelligence. The U.S. technology group announced its intention to acquire the Chinese AI start-up Manus, a move aimed at accelerating the integration of advanced artificial intelligence across its core digital platforms. The decision reflects the
Read more: Meta accelerates AI strategy with planned Manus acquisition
The rapid rise of artificial intelligence is captivating stock markets around the world. Chipmaker Nvidia became the world’s most valuable company last year and, with a market capitalization of $4.63 trillion (€3.93 trillion), even surpassed long-time leader Apple, valued at $4.04 trillion. This is based on data from the London Stock Exchange Group (LSEG) and calculations by the Reuters news agency.
Read more: Artificial intelligence drives Nvidia to become world’s valuable company
Tim Cook’s purchase of Nike shares provided a boost to the sportswear company’s stock this week. Nike shares rose 4.7 percent in holiday trading on Wednesday, as investors reacted positively to the signal of confidence sent by Apple’s chief executive.According to a mandatory disclosure, Cook doubled
Read more: Tim Cook Boosts Nike Shares With Insider Stock Purchase
According to media reports, Nvidia is in talks to acquire AI chip developer Groq in a deal valued at around $20 billion. If confirmed, the transaction would become the largest acquisition in Nvidia’s history, surpassing its 2019 purchase of Mellanox Technologies, which was valued at $6.9 billion.
Read more: Nvidia reportedly plans $20 billion acquisition of AI chip startup Groq
Meta is considering introducing a subscription option for Facebook users in the United Kingdom, signaling a potential shift in its long-standing advertising-based business model. The move comes after the company agreed to stop targeting a human rights campaigner with personalized adverts, a case
Read more: Meta considers subscription for UK users after data dispute
Bitcoin recently climbed above $90,000, reaching its highest level since mid-December. In the latest trading sessions, the cryptocurrency touched approximately $90,535, after trading below $88,000 earlier in the day. Despite the rebound, Bitcoin remains below its recent peak of December 9, when it surged to
Read more: Bitcoin Rises Bitcoin Rises Above $90,000 Driven by Rate-Cut Expectations
Italy’s antitrust authority (AGCM) has imposed a €98.6 million fine on Apple for abusing its dominant position in the distribution of applications on iOS devices. According to the regulator, the company violated Article 102 of the Treaty on the Functioning of the European Union (TFEU), which prohibits
Read more: Italy Fines Apple for Abuse of Dominant Position in iOS
Alphabet, Google’s parent company, has reached an agreement to acquire infrastructure firm Intersect for $4.75 billion, a strategic move aimed at securing the energy and computing capacity required to sustain the rapid expansion of artificial intelligence. The deal highlights how energy has become
Read more: Alphabet Secures Energy Infrastructure to Power Next Generation AI Data Centers
When the company was founded 32 years ago, Nvidia was primarily known among computer gamers. For decades, it was the leading manufacturer of powerful graphics processing units (GPUs) that brought immersive 3D worlds to life in games and visual applications. Over time, it became clear that
Read more: China’s AI Chipmakers Challenge Nvidia’s Global Dominance
