Page 62 - Data Science For News Today

CFIUS demanded TikToks Chinese owners sell their shares or risk a ban, but no action has been taken. U.S. courts blocked Donald Trumps attempt to ban TikTok in 2020. Legislation to give the administration powers to ban TikTok has not been voted on.

Disneys investment in Epic Games is a strategic move to tap into the growing importance of gaming in the entertainment world, especially for younger audiences. Analysts like Douglas Arthur and Michael Pachter see this as a way for Disney to catch up and leverage its strong brand while benefiting from Epics expertise in engaging consumers.

Paytm founder Vijay Shekhar Sharma and PPBL managing director and chief, Surinder Chawla, are also members of the Noida-based payments bank board. PPBL faced regulatory issues after being barred by the RBI from accepting deposits or providing banking services after February 29.

The impacted employees are being offered two months salaries as compensation, along with the variable payment for FY24, it added in a statement.

Six months earlier, the purchase of Yandexs Russia-based businesses, which generate more than 95% of revenue, by Russian investors looked in peril when the companys co-founder Arkady Volozh called the invasion of Ukraine "barbaric". With the Kremlin highly sensitive to criticism of what it calls a "special military operation", some on the Russian side of talks wanted to leave Volozh and Yandex NV with nothing, according to four sources familiar with the matter.

The Vision Fund unit made just 29 new and follow-on investments in all of 2023 out of more than 300 companies it studied. The October-to-December quarter was the units most miserly since 2017, with SoftBank saying the funds made $100 million in new investments, a drop from the heady days of 2021, when they spent $20.9 billion in April-June alone.

Google on Thursday introduced a free artificial intelligence app that will enable people to rely on technology instead of their own brains to write, interpret what theyre reading and deal with a variety of other task in their lives.

Underpinned by billions of dollars in subsidies, Rapidus aims to mass manufacture 2-nanometre logic chips in Hokkaido and compete with leading companies such as Taiwans TSMC.

Hesai Technologys core product is LiDAR road sensing equipment, used in passenger and commercial vehicles, autonomous driving vehicles, delivery robots and other applications. It was among 17 companies the US Department of Defence recently added to its list of companies it considers "Chinese military companies".

Paytm E-commerce has changed its name to Pai Platforms and has acquired Bitsila, a seller platform on ONDC, gaining share in the online retail business.