Business News

Business

Emerson Electric's $7.2 Billion Deal to Fully Acquire AspenTech Signals Major Industry Shift

Emerson Electric Co. plans to fully acquire Aspen Technology, Inc. for $7.2 billion, making it a wholly-owned subsidiary and marking a significant industry shift. The deal, expecte...

Business

DeepSeek's Exclusive Registration Policy: A Barrier for Global Users?

Chinese AI startup DeepSeek has restricted registration to users with mainland China phone numbers, sparking debates on global accessibility. Its emergence has significantly impact...

Business

Ubisoft Announces Major Workforce Reduction: Over 200 Jobs Cut Across Europe

Ubisoft Entertainment SA is set to lay off over 200 employees across its European offices as part of a cost-reduction strategy. The layoffs will affect offices in the UK, Germany, ...

Business

Meta Introduces Personalized AI Chat Feature Across US and Canada

Meta Platforms Inc. introduces a new AI chat feature in the US and Canada, allowing Meta AI to remember user details in 1:1 chats for personalized responses, with options to delete...

Business

DeepSeek Launches Revolutionary Open-Source AI Model Janus-Pro-7B, Outshining Rivals

DeepSeek unveils Janus-Pro-7B, an open-source AI model surpassing Stable Diffusion and DALL-E 3 in image creation, signaling a major shift in AI technology and industry dynamics.

Business

Nvidia Celebrates DeepSeek's Breakthrough in AI Technology: A Game-Changer?

Nvidia praises DeepSeek, a Chinese AI startup, for its significant advancements in AI, particularly through Test Time Scaling. DeepSeek's success, marked by its top iOS app, has im...

Business

Nvidia Faces Historic Market Value Plunge Amid AI Industry Shifts

Nvidia Corporation's stock plummeted by 16.86%, erasing nearly $589 billion in market value, amidst a tech industry shift influenced by the rise of DeepSeek, a Chinese AI firm. Dee...

Business

Sam Altman Commends DeepSeek's R1: A Leap Forward in AI Innovation

Sam Altman, OpenAI's CEO, praises DeepSeek's R1 model as a significant AI advancement, highlighting the competitive and innovative landscape of AI development and the importance of...