The U.S. Justice Department is contemplating a groundbreaking move to break up Alphabet Inc.’s Google, following a recent court ruling that found the tech giant guilty of monopolizing the online search market. This potential action marks Washington’s most ambitious antitrust challenge since the failed attempt to break up Microsoft two decades ago. Breakup and Alternative...
Sony’s PlayStation 5 has surpassed 61 million units sold, yet hardware sales have plummeted by 32% year-on-year. In its latest financial report, Sony revealed that only 2.4 million PS5 consoles were sold this quarter, down from 3.3 million a year ago and 4.5 million in the previous quarter. While hardware sales decline, Sony’s software and...
Warner Bros Discovery (WBD) is strategizing to prevent a potential break-up amid plummeting stock prices. Since its formation in 2022, the company’s share value has dropped nearly 70%, prompting CEO David Zaslav and CFO Gunnar Wiedenfels to explore various options to stabilize the business. Despite initial considerations for a corporate split to separate its television...
Google has announced significant updates to its popular navigation apps, Google Maps and Waze, in a move that brings the two platforms closer together while enhancing user experience. These updates aim to integrate some of the best features from Waze directly into Google Maps, while Waze continues to refine its own offerings, ensuring both apps...
A staggering $1.93 trillion was erased from the U.S. stock market on Monday, driven by intense recession fears and weak economic indicators. The Dow Jones Industrial Average plummeted by 863.70 points, or 2.17%, settling at 38,873.56. The S&P 500 and Nasdaq Composite suffered similarly severe declines, with losses of 2.42% and 2.77%, respectively. The Nasdaq...
Nike has launched a bold new marketing campaign for the Paris Summer Olympics, titled “Winning Isn’t for Everyone.” This campaign highlights the ruthless drive required to be a top athlete, as narrated by actor Willem Dafoe. The ads delve into the qualities that motivate sporting legends, featuring iconic athletes like LeBron James and Serena Williams....
The startup behind ChatGPT announced that it is testing a “SearchGPT” prototype that is “designed to combine the strength of our AI models with information from the web” to answer online queries quickly and to provide relevant sources. SearchGPT is being made available to a small group of users and publishers to get feedback, OpenAI...
Threads, which hit app stores on July 5 last year, is a spin-off of Instagram and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk’s purchase in 2022. Threads was rushed out after Musk threatened to limit the amount of posts...
Analysts forecast double-digit growth for companies such as Microsoft, driven by artificial intelligence. Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse into the bankability of artificial intelligence and whether the major investments AI requires are sustainable for the long haul.Analysts at Wedbush Securities, one of Wall Street’s...
TikTok usage has quadrupled since 2021, with 21% of Americans now using the app at least weekly. Despite the platform facing increased scrutiny over privacy and foreign influence, it remains a dominant force in the social media landscape. Its popularity among young consumers makes it a crucial tool for marketers, but a potential ban threatens...
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