Shivaun and Adam Raff, founders of the now-defunct price comparison service Foundem, have emerged victorious after a staggering 15-year legal battle against tech giant Google. The European Court of Justice upheld a ruling that imposed a €2.4 billion fine on Google for antitrust violations related to its manipulation of search engine results to advantage its […]
Meta's New AI Search Engine: A Game Changer for the Tech Industry
Meta is stepping into the competitive ring of AI-powered search engines with its new project aimed at reducing reliance on established giants like Google and Microsoft’s Bing. This move signifies a bold shift as Meta seeks to assert itself among industry leaders such as OpenAI in the rapidly evolving landscape of digital information retrieval. The […]
US Shippers Avoid East Coast Ports on Risk of Second Strike
In the face of looming uncertainty, US shippers are increasingly avoiding East and Gulf Coast ports, fearing a potential dockworker strike by January 15. This suspension of regular shipping routes comes as negotiations between 45,000 dockworkers and their employers take center stage, following a recent tentative agreement that left critical issues unresolved. The International Longshoremen’s […]
Buy Now, Pay Later Firms Cash in on the Plastic Surgery Boom
The surge in cosmetic procedures among consumers is prompting a parallel rise in financing options through “Buy Now, Pay Later” (BNPL) firms. These financial services have adapted to the cosmetic surgery market, attracting borrowers eager to enhance their appearance without the immediate financial burden. Consider Camille Weston, a 22-year-old from Salt Lake City, who opted […]
Jumia, Turkey’s Hepsiburada Plan Africa E-Commerce Growth Push
In a significant move for Africa’s expanding e-commerce landscape, Jumia Technologies AG, a prominent online retailer focused on the continent, has teamed up with Hepsiburada, one of Turkey’s largest e-commerce platforms. This partnership aims to broaden their offerings across Africa, with plans to initiate operations in Egypt before expanding into Morocco by early 2025. Jumia’s […]
Concerns Raised Over Accuracy of Whisper Transcription Tool in Healthcare
In recent discussions about technological advancements in healthcare, the OpenAI Whisper transcription tool has faced significant scrutiny. Used widely by thousands of healthcare professionals, this AI-driven tool generates transcriptions from doctor-patient conversations, but researchers have highlighted pressing concerns regarding its accuracy. A study conducted by experts from Cornell University and the University of Washington presented […]
Social Media-Savvy 'Changerdai' Reshape China's Manufacturing Industry
In recent years, China’s manufacturing landscape has witnessed a significant transformation driven by a new breed of young entrepreneurs known as “Changerdai.” This second-generation of factory owners, often offspring of established industrialists, are leveraging social media platforms to rejuvenate and modernize the manufacturing sector. A prime example is Robyn Qiu, a Yale graduate and the […]
TikTok 'Money Glitch' Sparks Legal Action Against JP Morgan
In a surprising turn of events, customers have exploited a TikTok trend known as the ‘infinite money glitch,’ leading JP Morgan Chase to initiate lawsuits targeting individuals and businesses accused of defrauding the bank. The trend involved depositing counterfeit cheques in a loophole that allowed users to withdraw funds before the cheques were deemed invalid, […]
DiploAI @ UN Security Council: Just-in-time Reporting from Diplomatic Meetings
The United Nations Security Council (UNSC) has long been synonymous with innovation in diplomacy, consistently seeking to enhance its operational efficacy. Recently, this commitment has materialized through a groundbreaking partnership with DiploAI, which utilizes advanced artificial intelligence to transform the reporting of diplomatic sessions. This collaboration highlights a progressive approach towards disseminating complex discussions on […]
AI Startup Sierra Hits $4.5 Billion Valuation
Sierra, a newly established artificial intelligence software startup co-founded by Bret Taylor, has garnered significant attention and investment, recently achieving a valuation of $4.5 billion following a $175 million funding round led by Greenoaks Capital. This marks a remarkable increase from its previous value of approximately $1 billion, illustrating the rapid growth and potential of […]