The EU’s General Court on Friday dismissed an appeal by ByteDance’s TikTok against the “gatekeeper” status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies.
Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees.
Shares of Expedia Group plunged 19% in early trading on Friday after the online travel firm said it expects 2024 revenue growth rates to moderate, as air fares soften from post-pandemic highs.
Pinterest dropped over 10% on Friday after its first-quarter revenue forecast came in a touch below investor expectations, in a sign that smaller social media platforms could be losing the battle to bigger players for ad dollars.
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company’s plans.
Crypto lender Genesis Global has settled a lawsuit that the New York Attorney General brought against it last year, eliminating a major legal burden as it wades through its bankruptcy proceedings.
Walt Disney is harnessing artificial intelligence to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a movie or television series.
The Biden administration expects to invest more than $5 billion from the CHIPS and Science Act in semiconductor-related research and development, including in the National Semiconductor Technology Center, the White House said in a statement on Friday.
Swedish streaming group Viaplay has completed a recapitalisation totalling 4 billion crowns ($381.7 million), it said on Friday, resulting in Canal Plus and the Czech Republic’s PPF increasing their Viaplay stakes.
