The Alphabet owned company has revealed a new software that might read a million word long text in approximately a minute.
The electric vehicle producer Lucid has decreased the price for its Air luxury vehicle. The company intends to increase demand.
The most recent release of Japanese Gross Domestic Product data has revealed that the country has entered a recession. Moreover, the decline in GDP has moved the country to the spot of the fourth largest economy, as it has been overtaken by Germany.
Cisco Systems is set to fire 5.00% of its global workforce, which is more than 4,000 employees. Moreover, the company has lowered its revenue targets.
The Finnish telecommunications company Nokia has partnered up with Dell Technologies to develop and deploy private 5G networks.
Reuters has reported that Morgan Stanley would fire hundreds of employees in the firm's wealth management unit.
The US pharmaceutical company Pfizer has revealed that it had agreed to a $93 million settlement to settle the Lipitor antitrust lawsuit.
The German consumer goods firm Henkel has made a deal to acquire US company Seal for Life Industries. The US company specializes in sealing and protective coating solutions.
The latest United Kingdom GDP data has revealed that the country has entered into a recession in the last quarter of 2023, as the economy shrank by 0.3%.
After experiencing its first profitable year, Uber has announced a $7 billion share buyback program.
Reuters has reported that the total amount invested in Bitcoin has returned above the $1 trillion mark.
Microsoft has announced that the company had caught hackers from Iran, Russia and China that have been using their AI technology.
The global shipping company Maersk has announced that it expects profits to decline due to a global oversupply of shipping services. Moreover, the company revealed that the Houthi attacks in the Red Sea have not caused big enough shipping rate increase to balance out the decrease of demand.
Due to government support, new bank loans in China had hit a record high level, in January.
The Swiss pharmaceutical company Roche is set to fire 345 employees of the product development unit of the company. The 345 specialists comprise 6.00% of the company's workforce.
The unit of Toyota has revealed that it is about to reveal an updated management structure during this week.
Despite other retail clothing and accessory firms experiencing a decline, Hermes has reported a stunning 17.5% increase of sales in the last quarter of 2024. The news initiated a surge of the company's stock price.
Reuters has reported that various head-hunters and bankers have stated that western investment banks have been preparing for employee layoffs in Asia.
The Financial Times have reported that the ChatGPT maker OpenAI has reached the $2 billion revenue mark in December. Moreover, the "start-up" is expected to double its income in 2025.
The Japanese chipmaker Kioxia has reported the total third quarter 2023 loss to be at $434 million. However, the loss is an improvement, compared to a nearly $670 loss in the previous quarter.
The Chinese company Baidu has partnered up with Lenovo to use generative AI in Lenovo smartphones.
Due to low sales in Asia decreasing quarterly earnings, the stock price of L'Oreal have dropped 7.5%. The company has reported total sales of 10.6 billion Euros, but the markets expected 10.9 billion.
Recently published data has revealed that consumer prices in China have experienced the biggest drop since 2009. The data signals potential deflation risks to the Chinese economy.
Reuters has reported that the major German landlord TAG has warned about a potential drop of real estate prices of 30%, from the 2022 peak.