Nvidia Surpasses Amazon in Market Value for the First Time in Over 20 Years On Monday, Nvidia’s market value exceeded that of Amazon’s for the first time in over two decades. According to Bloomberg, the leading designer and supplier of AI chips saw its shares increase by 2.9% to reach a market capitalization of $1.83…
European Union Informs Tech Giants of Digital Markets Act’s Applicability Seven major tech giants, including Alphabet (Google), Amazon, Apple, ByteDance (TikTok), Meta (Facebook), Microsoft, and Samsung, have been notified by the European Union that they will fall under the Digital Markets Act (DMA), an antitrust regime. The DMA takes an ex ante approach to antitrust…
Norway Calls on Energy Companies to Ramp Up Arctic Exploration Introduction The Norwegian government is calling on energy giants to ramp up oil and gas exploration projects in remote regions like the Arctic Barents Sea, defying a sense of palpable frustration among climate campaigners as the Nordic country seeks to shore up its position as…
Beijing, June 1 (IANS) Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent Holdings that offer average monthly wages of $4,900 and $4,600, respectively. According to South China Morning Post, citing data from…
San Francisco, May 29 (IANS) A group of US senators have urged the tech giants Apple and Google to prohibit the apps in their app stores from collecting data that could be used to identify women seeking abortions, media reports say. The letter, signed by five Democratic and independent senators, comes in the wake of…
San Francisco, May 11 (IANS) Display giants Samsung and LG on Wednesday showcased future foldable screens that move from existing single-fold designs to fold twice like a tri-fold wallet, and displays that fold both inwards and outwards. At the annual Display Week conference in Califrornia from May 10-12, the South Korean giants showed revolutionary displays…
Hyderabad, May 2 (IANS) Procter & Gamble’s Hyderabad site is on the way to become the FMCG giant’s largest consumer care facility in India. Spread on 170 acres at Kothur on the outskirts of Hyderabad, it added a new state of the art liquid detergent manufacturing unit on Monday. This is P&G’s first liquid detergent…
More and more people are saying that the steady rise in US stock prices will stop. Goldman Sachs, Morgan Stanley, and Citigroup strategists have all sent out new messages about how bad shocks could end the winning streak. As a result of the pandemic, the spread of the delta form of the Corona virus, the…
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