Gautam Adani, the billionaire chairman of the Adani Group, has been accused by the US Securities and Exchange Commission (SEC) of conspiring to pay bribes to Indian government officials to obtain contracts and develop India’s largest solar power plant project. The indictment highlights jurisdictional complexities and raises questions about the future of Adani’s business empire….
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A US federal judge has rejected a plea deal between Boeing and the Justice Department, creating uncertainty around the aerospace giant’s criminal prosecution in connection with the development of its bestselling 737 Max jetliner. The deal would have allowed Boeing to plead guilty to a felony conspiracy charge and pay a fine, but the judge…
China’s market regulator has launched an antitrust investigation into Nvidia’s acquisition of Mellanox, a move that comes amid escalating tensions between the US and China over key technologies, including artificial intelligence and semiconductors. The probe is seen as a retaliatory measure by China following Washington’s restrictions on semiconductor manufacturers, including Nvidia, from selling their most…
Spotify has unveiled its annual Wrapped feature, which includes two new AI-powered features: a podcast summarizing users’ music listening habits and a data story tracking users’ musical evolution over the past year. The company has also expanded its social media integrations and introduced new features such as audiobooks and personalized playlists. Forecast for 6 months:…
Walmart has completed its acquisition of Vizio, a popular television maker, in a move to boost its advertising business. The $2.3 billion all-cash deal positions Walmart to become a leader in connected TV advertising, allowing the retail giant to combine its retail operations with TV hardware and gather customer data on viewing habits and shopping…
Intel’s CEO Pat Gelsinger has been forced out, marking a significant shift in the company’s leadership. Gelsinger’s departure comes as Intel struggles to regain its footing in the chipmaking industry, with a market value more than 30 times smaller than rival Nvidia. The company’s financial woes have been piling up, with a $16.6 billion loss…
Five Canadian news media companies have filed a lawsuit against OpenAI, accusing the artificial intelligence company of regularly breaching copyright and online terms of use. The companies claim that OpenAI scraped large swaths of content without permission or compensation, using it to develop its products. OpenAI has responded, stating that its models were trained on…
Apple has recently released iOS 18.2, which includes a groundbreaking feature called Image Playground. This AI-driven tool enables users to create cartoon-like images from text descriptions, opening up new possibilities for creative expression and artistic innovation. With Image Playground, users can access a range of image creation options, including the ability to upload photos and…
The Canadian Competition Bureau has filed a lawsuit against Google, alleging anti-competitive conduct in online advertising. The watchdog is seeking an order that requires Google to sell two of its advertisement tech tools and a penalty to promote compliance with Canada’s competition laws. This move follows a similar investigation in the United States, where the…
Brightcove, a cloud platform for managing and monetizing video content, has been taken private by Italian technology company Bending Spoons in an all-cash deal valued at $233 million. This acquisition marks Bending Spoons’ entry into the enterprise SaaS market and its first acquisition of a publicly traded company. The deal is expected to close in…
