Market News

Amazon Submits Last-minute Bid to Acquire TikTok

The tech and e-commerce giant has launched a last-minute bid to acquire TikTok.

OpenAI's $10 Billion Dilemma: For-Profit Conversion or a Major Cutback?

OpenAI's funding round could be cut by $10 billion if it does not implement for-profit conversion by year-end

Intel’s New CEO Lip-Bu Tan Announces Spin-Off of Non-Core Units

Intel’s CEO Lip-Bu Tan unveiled plans to spin off non-core assets and refocus on core competencies, aiming to revitalize the company’s competitiveness in AI and chip manufacturing.

ChatGPT Isn’t the Only Chatbot Gaining Users

While ChatGPT dominates with 400 million weekly users, rivals like Claude and Gemini are gaining traction through specialized features and model upgrades.

Tech Stocks' Wild Ride: Why Volatility Rules the Sector

Tech stocks swing wildly due to high valuations, AI competition, and macroeconomic shifts. Analysts dissect the drivers behind the sector’s turbulence.

FuriosaAI Rejects Meta’s $800M Acquisition Offer to Forge Independent Path in AI Chips

South Korean AI chip startup FuriosaAI declines Meta’s $800M acquisition bid, prioritizing independence to compete with Nvidia and AMD in the AI hardware market.

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