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Media
Xiaohongshu, the Instagram-style app that gained massive popularity among younger Chinese during the pandemic, is on track to double its profits to over $1 billion in 2024, sources familiar with the company’s operations revealed. This milestone signals a strategic shift from user growth to profitability as the app prepares
Advertising
Perplexity, an AI-driven search platform, is collaborating with UM, a global media agency under IPG Mediabrands, to introduce a novel advertising model. This partnership designates UM as Perplexity's media Agency of Record, entrusting them with launching Perplexity's inaugural brand campaign, managing media buying, and advising on
Artificial Intelligence (AI)
Apple is stepping deeper into the AI race, reportedly partnering with semiconductor giant Broadcom to develop its first AI-focused server chip. This move reflects Apple's growing ambition to power advanced AI processing both on-device and in the cloud. Why Apple Needs AI Server Chips Apple is renowned for
Artificial Intelligence (AI)
If you thought AI had already reached its peak, Google has news for you. The tech giant released Gemini 2.0, a leap forward in what it calls “agentic AI.” This next-gen AI promises not only faster responses and expanded capabilities, but also a vision for the future: AI acting
Finance
Palantir Technologies (NASDAQ: PLTR) has emerged as one of the most prominent artificial intelligence (AI) stocks this year. Shares have skyrocketed 345% year-to-date, outperforming all S&P 500 companies in 2024. Its strategic moves and market optimism around AI continue to fuel investor enthusiasm, but there are rising concerns
Transportation
General Motors (GM) announced it will cease funding for its Cruise robotaxi service, marking a significant shift in its autonomous vehicle strategy. The company will now prioritize developing self-driving technology for personally owned vehicles rather than operating commercial robotaxi fleets. Why GM Pulled the Plug on Cruise Cruise’s robotaxi
Retail
In a significant win for the Biden administration, a U.S. federal judge blocked the $25 billion merger between Kroger and Albertsons, two of the nation’s largest grocery chains. The decision followed a three-week trial in Portland, Oregon, where the Federal Trade Commission (FTC) argued that the merger would
Marketing
Social media has become an essential tool for businesses, but many entrepreneurs fail to use it effectively. Missteps can result in wasted time, money, and energy. Here are 5 common mistakes entrepreneurs make with social media and how to fix them. 1. Focusing on Vanity Metrics Entrepreneurs often chase likes,
Artificial Intelligence (AI)
Google, in partnership with TPG Rise Climate and other investors, is supporting clean energy developer Intersect Power with an investment of over $800 million, the company announced on Tuesday. Addressing AI's Soaring Energy Demand Google's investment aligns with its strategy to expand data center capacity to
Pharmaceutical
Amazon's pharmacy business is on track to generate $2 billion in revenue this year, driven by surging customer interest in its online medication services, according to Evercore's analysis. In a recent survey conducted by Evercore, 45% of Amazon customers expressed being "extremely interested" or
Business Insights
Alphabet stock soars on Tuesday, driven by a groundbreaking advancement in quantum computing and growing confidence in the company’s AI tools and future growth. On Monday, Alphabet unveiled its Willow chip, a leap forward in quantum technology. The chip performed a benchmark computation test in under five minutes—a
Automotive
Amazon has entered the online car market with Amazon Autos, a new platform enabling customers to browse, order, and buy new cars, trucks, and SUVs directly from local dealerships. The service kicks off with Hyundai in 48 major U.S. cities, including Atlanta, Boston, Chicago, Los Angeles, and New York.