January 30, 2024
Sony Abandons $10 Billion Merger with Zee Entertainment in India

Sony has decided to abandon the highly anticipated $10 billion merger with Zee Entertainment, as Zee failed to meet specific financial terms outlined in the deal, according to a termination...

January 29, 2024
Italy’s Data Protection Authority Accuses OpenAI’s ChatGPT of Breaching Privacy...

Italy’s data protection authority, known as Garante, has officially informed OpenAI that its artificial intelligence chatbot application, ChatGPT, violates data protection regulations. The watchdog confirmed this development on Monday, signaling...

January 26, 2024
Elon Musk’s xAI Aims to Raise $6 Billion

Elon Musk’s AI startup, xAI, is reportedly in talks with investors worldwide, aiming to raise $6 billion in funding to compete with Microsoft-backed artificial intelligence company OpenAI. The goal is...

January 25, 2024
LVMH Sees Strong Growth With Kohl’s-Sephora Partnership 

Luxury goods giant LVMH, best known for brands like Louis Vuitton, Dior and Tiffany, reported a 10% surge in sales for the fourth quarter on Thursday (Jan. 25), outpacing the...

January 24, 2024
Zee Entertainment Sues Sony Over Terminated $10 Billion Merger Deal

Indian media giant Zee Entertainment Enterprises Limited (ZEEL) announced on Wednesday that it is taking legal action against Japanese tech giant Sony over the abrupt termination of their high-profile $10...

January 23, 2024
Bitcoin Falls Amid Investor Profit-Taking After Recent High 

Bitcoin continued its recent decline, falling below $39,000 on Tuesday.  This marks the world’s largest cryptocurrency’s lowest level since December and comes after a 2.5% drop to $39,163.22, CNBC reported Tuesday (Jan....

January 22, 2024
ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But...

The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any number of parties and counterparties...

January 22, 2024
IMF Lays Out 5-Point AI Regulation Action Plan

2023 saw governments around the world grapple with the commercial emergence of artificial intelligence (AI).  From the White House’s Executive Order on the Safe, Secure, and Trustworthy Development and Use of AI, to the...

January 19, 2024
Super Micro Computer Shares Surge 25% to Record High on...

Shares of Super Micro Computer experienced a remarkable surge of approximately 25% to reach a record high on Friday. The surge was fueled by the company’s optimistic projection of quarterly...