OpenAI Launches $200 ChatGPT Subscription for Research Use
(Reuters) – On Thursday, OpenAI launched a $200 per month OpenAI ChatGPT subscription. It is designed for engineering fields and research applications. This move aims to expand industry use of the technology. #OpenAIChatGPTsubscription The new ChatGPT Pro tier adds to OpenAI’s existing subscriptions, including ChatGPT Plus, Team, and Enterprise. The OpenAI ChatGPT subscription highlights the […]
Nvidia’s Options Primed for $300-Billion Price Swing After Earnings
NEW YORK (Reuters) – Options traders are anticipating a nearly $300 billion swing in Nvidia’s market value after the chipmaker reports its quarterly results on Wednesday. U.S. options market data indicates Nvidia options imply an 8.5% swing in either direction after the earnings report, which will be released after the market close. This expectation aligns […]
TikTok parent ByteDance’s valuation hits $300 billion, sources say
(Reuters) -ByteDance, the parent company of TikTok, has valued itself at $300 billion, following a recent share buyback offer to investors, sources familiar with the matter told Reuters. The company reached out to investors offering $180.70 per share, marking a 12.9% increase from the previous buyback price of $160. This news was initially reported by […]
Facebook, Nvidia ask US Supreme Court to spare them from securities fraud suits
WASHINGTON (Reuters) – The U.S. Supreme Court will soon review requests from tech giants Meta’s Facebook and Nvidia to avoid federal securities fraud lawsuits. These separate cases could raise the bar for private litigants attempting to hold corporations accountable. #FacebookNvidiaLawsuits Following three Supreme Court decisions in June that reduced the authority of federal regulators, including […]
Google granted request to pause order on Play store overhaul
(Reuters) – A federal judge in California has granted Google’s request to temporarily halt his order to overhaul the Play Store by November 1. This order aimed to give consumers more control over how they download apps. Critics argue that the Google Play overhaul could promote competition, but Google defends its approach. #GooglePlayOverhaul U.S. District […]
Tech giants go nuclear in AI arms race
WASHINGTON: Amazon, Microsoft, and Google are competing to outdo each other with plans for atomic energy. They believe this energy source will support technology that rapidly consumes electricity. Therefore, investing in nuclear power aligns with their sustainability goals amidst the AI Arms Race. #AIArmsRace The major US tech companies see AI as the next significant […]
Netflix subscriber additions likely slowed, growth strategy in focus
(Reuters) – Netflix may report its slowest subscriber additions in six quarters on Thursday. Gains from the password-sharing crackdown have begun to ease. Investors will look for signs of growth in its new ad revenue business. Netflix faces challenges with its subscriber additions, as analysts expect a slowdown in Netflix subscriber growth. #NetflixSubscriberGrowth Analysts estimate […]
Meta must face US state lawsuits over teen social media addiction
(Reuters) -A federal judge ruled that Meta, Facebook’s parent company, must face lawsuits by U.S. states accusing it of contributing to teen mental health issues. The states claim that Meta’s platforms, Facebook and Instagram, are designed to be addictive, leading to mental health problems among teens. This decision marks a significant step in holding Meta […]
US says it may break up Google after landmark case
The US government says it is considering whether to ask a judge to break up search engine giant Google, in a move that could reshape how technology giants do business. The recent developments surrounding the Google antitrust case have sparked significant interest among tech enthusiasts and industry experts. #GoogleAntitrustCase The Department of Justice (DoJ) says […]
TikTok sued by 13 states and DC, accused of harming younger users
NEW YORK/WASHINGTON (Reuters) -TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday. These lawsuits accuse the platform of harming young people. They also claim TikTok failed to protect young users. As a result, concerns about TikTok user safety have intensified among parents and lawmakers. #TikTokUserSafety The lawsuits filed […]