Tag Archives: CNBC

Denmark launches landmark framework for using AI under EU rules — with Microsoft backing

Denmark unveiled a blueprint on how to use generative AI in the corporate world to help firms get into compliance with strict new regulation from the EU.

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Tencent reports profit beat on games growth, touts AI benefits

Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts’ expectations, while revenue missed slightly.

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China is catching up with the West on tech, Microsoft president says

According to Microsoft’s web page about its presence in China, the company has operated there since 1992.

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Japan is ramping up efforts to revive its once dominant chip industry

Japan has announced its latest plan to boost the country’s chip and AI industries as it works to regain its leading position in semiconductor technology.

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Startup CEO says humans won’t be needed for translation in 3 years as it launches AI app

Unbabel on Wednesday announced an artificial intelligence-powered translation service, adding another rival to a highly competitive space.

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Dogecoin surges 20% after Trump announces a Department of Government Efficiency — DOGE

Dogecoin shot higher on Tuesday night after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency.

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Trump says Musk and Ramaswamy will lead government efficiency group

President-elect Donald Trump said on Tuesday that Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead an efficiency office.

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Spotify shares pop on better-than-expected profit forecast

Shares of Spotify rose in after-hours trading as investors focused on the company’s profit forecast more than its third-quarter results.

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Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands

Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for EU users to comply with regulatory demands in the region.

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23andMe reports sales decline a day after announcing plans to cut 40% of workforce

Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.

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