Zee-Sony merger deal: Zee Entertainment Limited on Tuesday clarified that the news and buzz that the multi-dollar merger between Zee Entertainment and Sony’s India arm will be terminated before January 20 is baseless and factually incorrect. News agency Bloomberg on Monday reported that Sony is planning to call off the $10 billion merger and Sony … Read more
Françoise Bettencourt Meyers was already the richest woman in the world, but on Thursday, she hit a new milestone—the first female to accumulate a staggering fortune of over $100 billion ($100.2 billion, to be exact), according to the Bloomberg Billionaires Index. Bettencourt Meyers, the granddaughter of L’Oreal founder Eugène Schueller, is the vice-chair of L’Oréal’s … Read more
Two new health features and a redesign have been confirmed for the next Apple Watch. (Image source: Daniel Korpai on Unsplash) A new report from Mark Gurman has confirmed various rumors about the next version of the Apple Watch. The model, expected to be the Apple Watch X, will have a refreshed design and come … Read more
The US is restricting the sale of chips that Nvidia Corp. designed specifically for the Chinese market, part of sweeping new updates to export curbs that are designed to block China’s access to highly advanced semiconductor technology. The tighter controls will target Nvidia’s A800 and H800 chips, a senior US official said, which the American … Read more
DALLAS, Oct. 03, 2023 (GLOBE NEWSWIRE) — MEF, a global industry association of network, cloud, security, and technology providers accelerating enterprise digital transformation, today announced the formation of an Enterprise Leadership Council (ELC). Comprised of senior executives representing all major enterprise vertical markets with mission-critical network infrastructures, the ELC will bring important end user perspective … Read more
Snap Inc. is closing a division focused on making augmented reality services for businesses, pulling the plug on its latest attempt to diversify the ad-dependent company. The ARES unit, short for augmented reality for enterprise services, was just announced in March. The idea was to let retailers adapt Snap’s AR technology for their own websites. … Read more
Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis. The networking giant will pay $157 a share in cash, the companies said in a statement Thursday, or a 31% premium to Splunk’s … Read more
Microsoft Corp. is narrowing the gap with Apple Inc. in the stock market as investors see better growth and far less China risk in the software giant. The Redmond, Washington-based company’s shares have outperformed the iPhone maker’s this month, bringing its market value closer to Apple, which is at the center of a flareup in … Read more
Microsoft Corp.’s attempt at avoiding deeper European Union scrutiny of its Teams video-conferencing app fell flat with the bloc’s antitrust enforcers readying a formal complaint against the firm’s conduct. Microsoft’s recent proposal to split its Teams from a broader business software package and sell it to customers separately with an annual discount wasn’t enough to … Read more
AI Roundup: An AI-powered microscope, developed by IIT Bombay, has been introduced at a district hospital in Malkangiri, Odisha, for malaria diagnosis; a study by Bain & Company predicts that generative AI will play a significant role in over 50 percent of video game development in 5-10 years. In a separate development, Guide to Europe … Read more