Business

Samsung Electronics has announced that its contract manufacturing division will provide a streamlined service for producing AI chips faster by integrating its leading memory chip, foundry, and chip packaging services. This integration is designed to capitalize on the growing demand for AI technology. By allowing clients to communicate through a single channel that coordinates Samsung’s memory chip, foundry, and packaging …

Former U.S. President Donald Trump recently spoke to an influential group of CEOs, expressing his desire to further reduce the corporate tax rate, which he initially lowered during his tenure. Concurrently, President Joe Biden’s chief of staff, Jeffrey Zients, emphasized the benefits of Biden’s focus on global alliances for their businesses. Both Trump and Zients met privately with the Business …

The artificial intelligence startup Perplexity AI has secured substantial funding from notable tech investors, including Jeff Bezos, aiming to challenge Google’s dominance in the search engine market. However, Perplexity’s AI-driven search chatbot is already encountering hurdles as news media companies object to its business practices, and tech giants like Google and Apple integrate similar AI features into their products. Perplexity …

On Thursday, Tesla shareholders voted to reinstate CEO Elon Musk’s substantial $44.9 billion pay package, previously invalidated by a Delaware judge earlier this year, reflecting a strong vote of confidence in his leadership. Despite the favorable vote, Musk’s compensation is likely to remain in legal limbo for months as Tesla attempts to overturn the Delaware judge’s decision. Musk’s commitment to …

On Thursday, the UK introduced numerous new sanctions to hamper Russia’s ongoing war in Ukraine, including targeting Moscow’s primary stock exchange. This move came a day after the US announced similar measures. The UK outlined 50 new restrictions as part of a “coordinated action with G7 partners,” coinciding with the Western-led bloc’s leaders’ meeting in Italy. These sanctions aim to …

Tesla shareholders are set to decide on an all-stock compensation package for CEO Elon Musk, which was previously dismissed by a Delaware judge. Approving this package would likely ensure Musk’s continued leadership at Tesla, where he has driven the company to the forefront of electric vehicles and is now focusing on AI and robotics, including autonomous vehicles, which he claims …

Gas prices are declining across the U.S., offering some relief to drivers who are now paying a bit less to fill their tanks. As of Monday, the national average for gas prices was around $3.44 per gallon, according to AAA. This marks a drop of about 9 cents from the previous week, the largest one-week decrease recorded by the motor …

Over 15,000 Amazon contract drivers filed arbitration claims against the company on Tuesday, accusing Amazon of misclassifying them as independent contractors instead of employees entitled to minimum wage and overtime benefits. Millions of Americans are involved in the gig economy, working through delivery and ride-share apps like Lyft, Uber, Doordash, and Instacart. As gig work’s popularity has grown, many workers …