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Alibaba Takes US$1.3 Billion Loss in Retreat from Offline Retail

Alibaba is exiting offline retail, taking a substantial loss on its sale of Intime, one of China's leading department store operators, reports the South China Morning Post. The e-commerce giant is selling its entire stake in the retail chain to a consortium comprising Youngor Group and Intime'

Meta Fined €251 Million by Ireland Over 2018 Cyberattack

Meta Platforms Inc. has been fined €251 million ($263 million) by Ireland's Data Protection Commission (DPC) for a 2018 data breach that compromised the data of millions of users, as reported by SiliconANGLE. The DPC, responsible for overseeing Meta's privacy practices in the European Union, levied

Kioxia Goes Public in Tokyo, Raising Funds for AI Push

Japan's Kioxia Holdings made its debut on the Tokyo Stock Exchange on Wednesday, marking a significant milestone for the company and its investor consortium, reports Nikkei Asia. The flash memory manufacturer, formerly part of Toshiba, commenced trading at 1,440 yen, slightly below its initial public offering (IPO)

ClearBank Expands Reach by Joining Microsoft Azure Marketplace

ClearBank has announced that its cloud-native banking solutions and payment infrastructure are now available on the Microsoft Azure Marketplace, according to Yahoo Finance. This move will allow all Azure customers to access ClearBank's services, representing a significant growth opportunity for the company. "This latest move further strengthens

Big Oil Seeks to Power Big Tech's AI Boom

Chevron and Exxon Mobil are considering expanding into the electricity business, aiming to leverage natural gas and carbon capture technology to meet the burgeoning power needs of the tech industry's AI data centers, reports Reuters. Chevron has been engaged in discussions for over a year regarding the supply

EU Opens TikTok Probe Over Romanian Election Interference Fears

The European Commission has launched a formal investigation into TikTok, alleging that the video-sharing platform may have facilitated foreign interference in Romania's recent presidential elections, reports the Wall Street Journal. The probe, announced Tuesday, focuses on TikTok's recommender systems and its handling of political advertisements, as

Salesforce Doubles Down on AI with Agentforce 2.0

Just two months after launching Agentforce, its generative AI tool for enterprises, Salesforce is set to unveil Agentforce 2.0, a significantly enhanced version, reports SiliconANGLE. This upgrade promises to revolutionize digital labor, building on Salesforce’s vision of AI-powered agents that augment human employees. Agentforce enables companies to construct

AWS Shake-Up: Top Executive Departures Mark a Year of Transition

Amazon Web Services (AWS), the dominant force in cloud computing, experienced a significant executive turnover in 2024, according to CRN. Despite recording record revenue and profitability, the company saw the departure of several key figures, including former CEO Adam Selipsky and veteran AI innovator Matt Wood. AWS, currently commanding 31

SkySQL Secures $6.6 Million to Fuel AI-Powered Cloud Database Growth

SkySQL Inc., a cloud-based relational database service startup, has raised $6.6 million in seed funding, the company announced today. The funding round was led by Eniac Ventures, Good Capital, and WTI, reports SiliconANGLE. SkySQL, which spun out of MariaDB plc last year, offers a faster, more scalable version of

Nvidia Cuts Jetson AI Computer Price in Half to Target Broader Market

Nvidia is making its Jetson AI computers more accessible to a wider range of users, with a new $249 model designed to appeal to hobbyists, small companies, and students, reports the Wall Street Journal. The Jetson computers, described as "portable brains," are designed to enable the development of