Business

On Tuesday, August 13, Starbucks announced a leadership change, replacing its current CEO, Laxman Narasimhan, with former Chipotle executive Brian Niccol. This move comes amid growing concerns about the coffee giant’s financial health, which has been affected by declining sales. The downturn is partly linked to a widespread backlash over the company’s alleged connections to Israel. The backlash began after …

The United States and Europe are moving quickly to reduce China’s dominant position in clean energy technologies by increasing subsidies for local manufacturers and raising tariffs on Chinese imports, marking a significant shift toward protectionism. China’s stronghold on clean energy supply chains presents a dilemma for governments striving to green their economies and meet urgent climate goals while also safeguarding …

OpenAI has expressed concerns that people might become overly reliant on ChatGPT for companionship, particularly due to the tool’s new, highly realistic voice mode, which could lead to what they describe as “dependence.” This concern was highlighted in a safety review report released by OpenAI, which discussed the advanced voice mode that began rolling out to paid users recently. This …

Susan Wojcicki, the former CEO of YouTube and one of the early pioneers at Google, has passed away at the age of 56 after battling non-small cell lung cancer for two years, her husband announced. Dennis Troper, Wojcicki’s husband of 26 years and father to their five children, shared the news of her death on Facebook, expressing profound sadness and …

Turkey reinstated access to Instagram on Saturday after reaching an agreement with the platform’s officials. The social media site had been blocked since early August 2nd due to its failure to adhere to local laws and public sensitivities. The blockage occurred after accusations from a senior Turkish official that Instagram was blocking posts expressing condolences for the assassination of Ismail …

Social media platform X, formerly known as Twitter, has agreed to cease using personal data from users in the European Union to train its artificial intelligence (AI), in response to ongoing legal action. This decision follows concerns raised by the Irish Data Protection Commission (DPC), which sought to limit or suspend X’s processing of EU user data for AI development …

A US judge ruled on Monday that Google violated antitrust laws by spending billions to establish an illegal monopoly as the default search engine globally. This decision marks a significant win for federal authorities challenging Big Tech’s dominance. US District Judge Amit Mehta in Washington, D.C., declared that “Google is a monopolist and has taken steps to sustain its monopoly.” …

Elon Musk has filed another lawsuit against OpenAI and its CEO, Sam Altman, alleging that the company is now prioritizing profits and business interests over the public good. This move marks the latest effort by Musk to challenge the direction of the organization he co-founded in 2015. Musk contends that after OpenAI’s technology succeeded in revolutionizing generative AI, Altman shifted …