The move by US President Donald Trump to eliminate the duty exemption for small parcels from China has sent shockwaves through the online retail market, significantly impacting sales of two major Chinese companies, Shein and Temu, Bloomberg reports. The two companies, known for their ultra-cheap goods shipped via small parcels,

Elon Musk's $97.4 billion offer to acquire OpenAI's assets has created a significant challenge for Sam Altman, the company's CEO, as reported by The Wall Street Journal. While Musk's offer, backed by a consortium of investors, could be a major boon

SoftBank has defended its participation in the $500 billion Stargate investment program, pushing back against Elon Musk's public skepticism about the project's funding, as reported by Nikkei Asia. Speaking at a press conference on Wednesday, Yoshimitsu Goto, SoftBank's chief financial officer, asserted that the

Cloudflare Inc. shares surged the most in nearly a year on Friday after the company reported fourth-quarter revenue that surpassed analysts' expectations, Bloomberg reports. The San Francisco-based cybersecurity firm's revenue for the quarter ending December 31 increased by 27% to approximately $460 million, exceeding the predicted $452.

Google has abandoned its goal of increasing the proportion of underrepresented groups in its leadership by 2025, citing a changing legal and policy landscape. The company announced the move in an email to employees on Wednesday, a decision that comes amidst a broader industry trend. The Wall Street Journal reports

Amazon shares took a significant hit on Friday, falling 4%, after the company's quarterly cloud computing revenue growth fell short of investor expectations, as reported by Reuters. This slowdown comes despite massive investments in artificial intelligence (AI) and follows similar disappointing results from Microsoft and Alphabet-owned Google. The

Elon Musk, via a consortium including his AI firm xAI and other investors, has made a $97.4 billion offer to acquire the nonprofit entity controlling OpenAI, Reuters reports. This move further intensifies the billionaire's ongoing battle with OpenAI CEO Sam Altman over the future of the company.

Despite the emergence of a Chinese AI startup that challenges the cost-effectiveness of large AI models, Baidu CEO Robin Li insists that massive investment in data centers and cloud infrastructure remains crucial for AI advancement. This comes as a surprise given the recent success of DeepSeek, a Chinese AI startup

Workday, a leading human capital management company, is cutting around 1,750 jobs, representing 8.5% of its current workforce, as part of a strategic shift towards artificial intelligence (AI) and global expansion. The move, as reported by Reuters, is designed to streamline operations and prioritize key growth areas. The