In a bold move that underscores the challenges facing traditional department stores, Nordstrom’s founding family has renewed its efforts to take the company private. After nearly a decade of attempts, the Nordstrom family is putting forth a new proposal to acquire the retailer for $3.8 billion, or $23 per share, with support from the Mexican […]
Baidu Faces Revenue Decline, Banks on AI to Stay Competitive
In the face of declining quarterly revenues, Baidu has set its sights firmly on artificial intelligence (AI) as a pathway to regain market strength. This pivot comes at a crucial moment when the competitive landscape in the AI sector is intensifying, particularly amidst a price war that has ensued among Chinese firms. Baidu’s large language […]
