Tag: companies
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TikTok to settle with teen plaintiff before California social media trial, law firm says
June 30 : TikTok has agreed to settle a lawsuit brought by a teenager who claimed the platform damaged his mental health, a spokesperson for the plaintiff’s law firm said Tuesday.The settlement was reached in principle, but the details have not yet been finalized, according to a spokesperson for Morgan & Morg
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Chinese tech companies seek nearly $6 billion in Hong Kong listing rush
June 30 : Five Chinese technology and advanced manufacturing companies launched Hong Kong listings on Tuesday to raise up to HK$44.1 billion ($5.6 billion), one of the busiest days for new share sales this year, according to their company filings.The biggest of the five offerings is Shenzhen-listed Apple supp
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Comcast to split cable business from media in NBCUniversal, Sky spinoff
June 29 : Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation.Shares of the company surged 22 per cent in premarket
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US allows Anthropic to release Mythos to some US companies
June 26 : The U.S. government on Friday allowed Anthropic to release its powerful Claude Mythos 5 AI model to some “trusted partners”, according to a Commerce Department letter seen by Reuters.More than 100 companies and institutions have access to Mythos 5, including many Fortune 500 companies, a source told
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Google’s YouTube settles case over social media harm to children
June 23 : Google’s YouTube has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, his lawyers said Tuesday, ahead of a second California trial over social media’s role in the youth mental health crisis.The terms of the settlement of the state court lawsuit were confidenti
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Space startups seek insurance for orbital AI data centers
NEW YORK/LONDON, June 18 : Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin.The concept of data center satellites — designed to bypass Earth’s power constrain
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Analysis:SPACs are back, thanks to Wall Street’s mega-IPO frenzy
June 17 : SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI.That is giving blank-
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Germany’s entrepreneurs betting on post-Maduro Venezuela
Venezuela’s economy is opening sectors to foreign firms, and that could pay off for the few German companies that have stuck it out through years of decline.
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China backs next generation of tech champions as new rules reshape path overseas
Government funding continues to fuel innovation in hubs such as Shenzhen, but tighter controls on outbound investment could add new compliance hurdles for firms with global ambitions.
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Analysis:Japan governance reforms set to prise open $1.8 trillion cash hoard
TOKYO, June 11 : Proposed revisions to Japan’s governance code that stress the need for efficient use of cash have raised expectations among investors that corporate hoarders will start to mobilise their $1.8 trillion money mountain.The revisions, to be finalised in the summer, could see companies return more
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