In a challenging landscape for online retailers, Asos, the British fast fashion giant, is projected to face considerable hurdles as it tries to regain growth by 2025. The company recently reported an 18% decline in sales over the past six months, aligning with prior expectations, yet signaling a larger crisis in a competitive market. This […]
Join Imran Amed and The Business of Fashion in Bangkok
The Business of Fashion (BoF) is set to make a significant mark in Thailand with its inaugural community event happening on November 25, 2024. This gathering presents an exclusive opportunity for BoF Professional members to connect and engage with other industry professionals in a uniquely engaging environment. Hosted at the iconic Dusit Thani Bangkok, attendees […]
Strategic Prudence in AI: Experts Advise Incremental Approach for Meaningful Advancements
In the rapidly evolving landscape of artificial intelligence, industry leaders are increasingly advocating for a cautious approach to AI integration. At the recent TechCrunch Disrupt 2024 event, key figures in data management outlined an incremental strategy to harness AI’s potential while minimizing the risk of costly missteps. This perspective is especially relevant as organizations strive […]
Globalstar to Strengthen iPhone Satellite Connectivity with Apple Investment
In a significant step towards expanding its satellite communication capabilities, Apple has announced an investment of up to $1.5 billion in Globalstar, a satellite service provider. This strategic partnership aims to enhance iPhone connectivity, especially in remote areas where traditional network access is sparse or nonexistent. This collaboration builds on Apple’s prior agreement with Globalstar […]
Alleged Bitcoin Inventor Craig Wright Faces Court Contempt Charges
In an intriguing legal development, Craig Wright, the Australian computer scientist known for claiming to be the creator of Bitcoin, faces potential contempt of court charges in the UK. This situation stems from a recent $1.2 billion lawsuit he filed against Block, a payments firm founded by Twitter co-founder Jack Dorsey, despite a standing injunction […]
MIT Introduces New Data-Rich Approach for Training Robots
The Massachusetts Institute of Technology (MIT) has made significant strides in the field of robotics with a novel training method that mimics the data-driven approaches utilized in large language models (LLMs). This innovative technique signifies a transition from traditional narrow, task-oriented datasets towards a more expansive and versatile data framework. By doing so, MIT aims […]
GlobalFoundries Faces $500,000 Fine for Exporting Chips to China: A Case Study in Compliance and Accountability
In an era where technology drives global economies, regulatory compliance is more crucial than ever. The recent case involving GlobalFoundries, a prominent US semiconductor manufacturer, serves as a poignant reminder of the importance of adhering to export regulations, particularly when it comes to dealings with countries under trade restrictions. GlobalFoundries has been fined $500,000 by […]
Data Center Growth at Power Plants Faces Regulatory Hurdles
The trend of co-locating data centers next to power plants in the United States has gained momentum in recent years, driven primarily by the tech sector’s insatiable demand for energy. Companies such as Amazon and Google are keenly interested in establishing data centers that are physically close to these power sources. This strategy offers the […]
e& and ZTE to Drive Innovation in Telecommunications
In a groundbreaking move that underscores their commitment to technological advancement and sustainability, e& and ZTE have formalized a strategic collaboration through the signing of a Memorandum of Understanding (MOU). This partnership aims to tackle the pressing challenges of the telecommunications sector in today’s complex geopolitical landscape, particularly as it relates to technology adoption. Central […]
World Liberty Plans Limited Token Sales in the US
World Liberty Financial, a decentralised finance (DeFi) crypto project associated with former President Donald Trump and his sons, has outlined plans to restrict its token sales to $30 million within the United States. This move reflects the company’s strategic approach to navigating a complex regulatory landscape while capitalising on the growing interest in cryptocurrency investments. […]
