Heather Erickson

Baidu Scraps $3.60B Acquisition of Live-Streamer Joyy

China’s dominant search engine, Baidu (BIDU), kicked off the new year by announcing the cancellation of the $3.60 billion Joyy (YY) deal. Baidu’s decision was first revealed in its Monday filing with the Hong Kong Stock Exchange (HKEX). It attributed the termination to a failure to obtain the necessary regulatory approvals for the merger. Chinese …

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The stocks drop once again amid anticipation around interest rates

Saudi Unveils Sovereign Wealth Fund’s 2023 Spending Spree: Report

In 2023, Saudi Arabia’s Public Investment Fund (PIF) has played a significant role in global sovereign wealth fund spending, nearing $124 billion.   PIF’s robust investment reached an impressive $31.5 billion, standing out against the total sovereign wealth fund expenditure of $123.8 billion.   This surge in spending coincided with a remarkable upswing in global …

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Gold Outshines Silver, But White Metal May Breakout in 2024

In 2023, gold prices increased by 14%, while silver witnessed an 8% rise. Projections for 2024 anticipate a 10-11% rise in gold and a more substantial 12-15% increase in silver.   Although the bullion performed better in 2023, experts suggest that silver may experience a more pronounced upward movement in the coming year. Silver typically …

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NY Times Engages in Copyright Dispute with OpenAI, Microsoft

US publisher The New York Times has filed a lawsuit against artificial intelligence (AI) giants OpenAI Inc. and Microsoft Corp. for allegedly infringing on its copyrighted content for training large language models (LLMs) to spread information. A filing in a Manhattan federal court said the newspaper accused the two companies of “free riding” on its …

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apple

Apple Watch Sales Resume on Ban Suspension

With the temporary suspension of sales and import restrictions, Apple has resumed selling its latest watches, the Series 9 and Ultra 2. The two smartwatches would return in certain physical stores on Thursday, with broader availability set for Saturday. Apple spokesperson Nikki Rothberg also said the online sales would resume on Friday at 3 PM …

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Oil

Oil Prices Sink as Tankers May Return to the Red Sea Route

On Wednesday, oil prices retreated after shipping companies announced they might return to traversing the Red Sea thanks to the US-led task force. The US West Texas Intermediate (WTI) crude oil February futures plunged -2.02% to $74.04 per barrel on December 27. However, analysts see the energy commodity recovering by 0.49% to $74.40 in the …

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TMN - Microsoft

Microsoft’s CoPilot Mobile App Launches on Android

Microsoft has officially launched Copilot, its highly anticipated mobile app, on the Android platform.   This fresh application can be found on the Google Play Store, providing users access to the tech giant’s artificial intelligence (AI)-driven Copilot independently of the Bing mobile app. According to reports, the Android app has been accessible for about a …

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Meta CTO Claims Top-Notch AR Glasses Tech On The Planet

Meta reportedly has plans to unveil its augmented reality (AR) glasses, claimed as the ‘most advanced technology on the planet.’   Since November 2022, Artificial Intelligence (AI) has dominated tech discussions with the launch of OpenAI’s ChatGPT, gaining attention for its human-like responses. Over time, ChatGPT received enhancements, soon to include real-time browsing.   Meanwhile, …

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