BLOOMBERG One of TikTok’s senior-most officials in charge of ensuring user safety is leaving the company amid increasing pressure for the US government to ban the popular video-sharing app. Eric Han, who has led TikTok’s US trust and safety operations for years, will depart this month. Han had been promoted to lead trust and safety at the company’s newly walled-off ...
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Under directives of UAE President, Sheikh Khaled opens AED1.92b Al Falah housing project expansion
ABU DHABI / WAM Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has inaugurated the expansion of Al Falah housing project, providing 899 new homes to citizens at a ...
Read More »COP28 chief urges climate plan for Paris Agreement’s goals
BERLIN / WAM In a speech at the Petersberg Climate Dialogue in Berlin on Tuesday, Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, presented his broad ambitions for COP28, which covered a call for transformative action and strong outcomes across the mitigation work programme, the global goal on adaptation and doubling adaptation finance, ...
Read More »Sheikh Sultan wishes Sharjah team on winning UAE President’s Cup
SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, received the team of the Sharjah Football Club, which was crowned with the UAE President’s Cup, on Sunday, at Al Badi’ Palace, and directed a reward of AED10 million for the team. This came in the presence of HH Sheikh Sultan ...
Read More »Microsoft sees AI reshaping search as Google calms investors
BLOOMBERG Alphabet Inc’s Google and Microsoft Corp, whose quarterly earnings each got a boost from their established search and cloud-computing businesses, used their time with investors to emphasize what’s next: artificial intelligence (AI). In their respective earnings calls, the tech giants, which are becoming rivals in the competition for the future of search, offered up starkly different assessments of just ...
Read More »OpenAI provides users new privacy options for ChatGPT
BLOOMBERG OpenAI is letting people opt to withhold their ChatGPT conversations from use in training the artificial intelligence (AI) company’s models. The move could be a privacy safeguard for people who sometimes share sensitive information with the popular AI chatbot. The startup said that ChatGPT users can now turn off their chat histories by clicking a toggle switch in their ...
Read More »Intel sees ‘green shoots’ of recovery
BLOOMBERG Intel Corp shares jumped after the embattled chipmaker promised a recovery in the second half, leading investors to look past a disappointing profit-margin forecast in the current quarter. The company predicted that gross margins — a closely watched measure — would begin to widen again in the back half of 2023. Intel is returning to full manufacturing capacity, and ...
Read More »BYD’s EV hatchback at $11,450 set to reshape China’s first-car market
BLOOMBERG A new electric hatchback starting from just 78,800 yuan ($11,450) from BYD Co is set to intensify competition in China’s already crowded entry-level car market. Unveiled at the Shanghai auto show, the Seagull drew big crowds with its neon yellow exterior and budget price tag. The 55kW motor provides around 190 miles (300 kilometres) of charge at a top ...
Read More »Alphabet CEO’s pay soars to $226m on huge stock award
BLOOMBERG The pay package awarded to Alphabet Inc Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world’s highest-paid corporate leaders. The stock award portion of his pay amounted to $218 million, according to a filing from the Google parent company. He received a total of $6.3 ...
Read More »Tim Cook officially opens India’s first Apple store
BLOOMBERG Chief Executive Officer Tim Cook officially opened Apple Inc’s first company-owned store in India, betting the iPhonemaker’s retail outlets will help accelerate sales growth. Cook, dressed in gray pants, blue half-sleeve shirt and sneakers, hugged the first customers and posed for selfies with them at the shop’s launch in the financial hub of Mumbai. Dozens of staff dressed in ...
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