Apple’s ambitious plan to introduce Artificial Intelligence in China faces several hurdles due to the strict regulatory environment maintained by Beijing. The Chinese market, which is crucial for the iPhone maker, has stringent rules around AI technology. This poses a significant challenge for Apple as it tries to navigate through the complexities of the Chinese
Enterprise
Elon Musk recently attended the Cannes Lions advertising festival in Cannes, France, where he clarified his controversial remarks directed towards advertisers threatening to pull ads from his X social media platform. Musk explained that his previous comments were not intended to target advertisers as a whole but rather to emphasize the importance of free speech
The European Union has taken a firm stance on regulating Big Tech companies, with Apple being a key focus of their recent investigations. Margrethe Vestager, the EU’s competition chief, has expressed serious concerns regarding Apple’s compliance with the bloc’s Digital Markets Act (DMA) tech legislation. The probe, which also includes Alphabet and Meta, centers around
Starboard Value, led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk and has raised serious concerns regarding the company’s disclosures surrounding an internal investigation that resulted in the removal of its chief financial officer. The activist fund, known for its investments in the technology sector, is troubled by the timing
The introduction of bitcoin exchange traded funds in January sparked interest among financial advisors, with gradual adoption taking place. According to BlackRock’s Samara Cohen, approximately 80% of bitcoin ETF purchases have been made by self-directed investors using online brokerage accounts. Despite this, hedge funds and brokerages have also shown interest in these funds, based on
Elon Musk, the CEO of Tesla, recently made some bold claims about the potential future of the company at the 2024 annual shareholder meeting. He introduced the concept of Optimus humanoid robots, suggesting that they could propel Tesla’s market cap to $25 trillion, surpassing even the current value of the S&P 500. This ambitious vision
CleverCards, a Dublin-based startup, has recently secured 8 million euros in funding to revolutionize the way companies manage corporate expenses. With a digital platform connected to customizable expense cards, CleverCards empowers businesses to monitor and restrict how their employees utilize corporate payment cards. According to a global survey conducted by Robert Half in 2016, employees
The announcement of higher tariffs on Chinese electric vehicle (EV) makers by the European Union (EU) caused a surge in the stock prices of these companies. On Thursday morning, Hong Kong’s Hang Seng index saw a significant increase of 1.23%, primarily driven by gains in EV stocks. Among the top gainers were EV company BYD,
Apple has recently announced its plans to launch the Apple Vision Pro, its flagship virtual reality headset, in several international markets including China, Hong Kong, Japan, and Singapore. This move marks the gadget’s debut outside of the United States, with pre-orders starting on June 28. The Vision Pro was first made available in the U.S.
The European Union is set to unveil its tariff rate plan for Chinese electric vehicles in response to the increasing concerns over low-priced, subsidized imports. While the EU currently imposes a standard 10% duty on imported EVs, there are speculations that the tariffs for Chinese EVs could be raised starting on July 4. Analysts predict
