Zhipu AI Raises 500 Million Yuan Amid Rising Competition In the ever-evolving landscape of artificial intelligence (AI), companies are constantly striving to stay ahead of the competition and push the boundaries of innovation. One such company making waves in the AI sector is Zhipu AI, which recently secured an impressive 500 million yuan in funding. […]
Exclusive: Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace
Exclusive: Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace After nearly three decades at the creative helm of Versace, the iconic fashion house founded by her late brother Gianni, Donatella Versace is set to pass on the torch to a new creative visionary. The Italian luxury brand has announced that Dario […]
European Commission unveils major clean industry support package
European Commission’s Bold Move towards Green Industries: A Major Clean Industry Support Package Unveiled In a significant stride towards a sustainable future, the European Commission has recently revealed a comprehensive clean industry support package aimed at bolstering the green sector. With Brussels spearheading the initiative, the package seeks to advocate for long-term renewable energy support […]
Quantum machines secures $170 million for growth
Quantum Machines Secures $170 Million for Growth Israel’s Quantum Machines has recently made headlines by securing an impressive $170 million in funding. This significant investment is earmarked to bolster the company’s efforts in advancing the practical realization of quantum computing. With the race for quantum supremacy heating up, this funding round positions Quantum Machines as […]
EU to Pare Back Sustainability Rules for Companies, Draft Shows
EU to Pare Back Sustainability Rules for Companies: A Strategic Move to Boost Competitiveness In a bid to enhance the competitiveness of local industries and address the challenges posed by the promise of regulatory rollbacks by the Trump administration, Brussels is gearing up to unveil an “omnibus” proposal aimed at streamlining sustainability regulations for businesses. […]
Alibaba commits $52 billion to AI and cloud infrastructure
Alibaba’s $52 Billion Commitment to AI and Cloud Infrastructure: A Strategic Move to Dominate the Market Alibaba, the Chinese e-commerce giant, has recently made headlines with its bold commitment to invest a staggering $52 billion in artificial intelligence (AI) and cloud infrastructure. This move marks a strategic push by the company to strengthen its market […]
China embraces DeepSeek for AI education
China’s Swift Move Towards AI Education with DeepSeek China has recently made a bold and swift move towards revolutionizing its education system by embracing DeepSeek for AI education. This strategic shift aims to position the country as a global leader in artificial intelligence education by the year 2035. DeepSeek, a cutting-edge AI platform, offers students […]
EU denies US influence over AI regulation rollback
EU Stands Firm Against US Pressure on AI Regulation The European Union has long been at the forefront of advocating for strict regulations on artificial intelligence (AI) to ensure the protection of citizens’ rights and privacy. Recently, this stance was put to the test as US Vice President JD Vance urged European lawmakers to ease […]
SoftBank and OpenAI form joint venture in Japan
SoftBank and OpenAI Form Joint Venture in Japan: A $3 Billion Deal to Expand AI Technology SoftBank, a Japanese multinational conglomerate, has recently made headlines in the tech world with its groundbreaking $3 billion joint venture with OpenAI, a leading artificial intelligence research lab based in San Francisco. This strategic partnership marks a significant milestone […]
Richemont’s Market Cap Surpasses CHF100 Billion
Richemont’s Market Cap Surpasses CHF100 Billion Switzerland’s luxury powerhouse, Richemont, has been making waves in the financial world as its market capitalization recently exceeded a staggering CHF100 billion. This achievement comes on the back of a remarkable six-day streak of share price increases following the company’s outstanding sales performance during the holiday shopping season. The […]