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Media
Brendan Carr, recently appointed as the incoming Chairman of the Federal Communications Commission (FCC) by President-elect Donald Trump, has pledged to dismantle what he terms Big Tech's "censorship cartel." Carr, who has served as an FCC commissioner since 2017, is known for his strong stance
Business Insights
U.S. businesses are expressing significant concern over President-elect Donald Trump's proposed mass deportation plans, fearing substantial labor shortages and economic disruptions across various industries. Sectors such as agriculture, hospitality, construction, and healthcare heavily rely on immigrant workers, many of whom are undocumented. The potential removal of
Food
Private equity firm Blackstone has acquired a controlling stake in Jersey Mike's Subs, valuing the sandwich chain at approximately $8 billion. Founder and CEO Peter Cancro will retain a significant equity stake and continue to lead the company. This partnership aims to accelerate Jersey Mike's expansion
E-commerce
Perplexity, an AI-driven search engine, has introduced "Pro Shop," a feature enabling users to research and purchase products directly within its platform. This move allows customers to complete transactions without leaving Perplexity, offering free shipping on items bought through Pro Shop. Users can select the "Buy
Artificial Intelligence (AI)
Nvidia CEO Jensen Huang has projected a "millionfold" increase in computing power over the next decade, attributing this growth to a consistent annual fourfold increase. Speaking at an industry conference in Atlanta, Huang emphasized that this exponential advancement will significantly enhance generative AI, a field where Nvidia'
Crypto
President-elect Donald Trump is deepening his engagement with the cryptocurrency sector, following his campaign's emphasis on digital assets. Reports indicate that Trump Media & Technology Group is in advanced discussions to acquire Bakkt, a cryptocurrency trading and brokerage platform. This potential acquisition has positively impacted both companies&
Media
Bluesky, a social media platform similar to X (formerly Twitter), has experienced rapid growth, adding over 1 million users daily since the U.S. presidential election on November 5, 2024. This surge has propelled its user base to more than 20 million, positioning it at the top of the U.
Tech Insights
The U.S. Department of Justice (DOJ) plans to request that a federal judge compel Google to divest its Chrome browser, aiming to dismantle the company's dominance in the search market. This move follows a recent ruling that Google has maintained an illegal monopoly in online search. Chrome,
Tech Insights
Chinese technology companies are intensifying their efforts to establish artificial intelligence (AI) teams in Silicon Valley, aiming to recruit top U.S. talent despite existing U.S. restrictions designed to curb China's advancements in this sector. Major firms such as Alibaba, ByteDance, and Meituan are expanding their California
Tech Insights
Apple is reportedly reconsidering the development of its own television set, a concept that was shelved after Steve Jobs' passing in 2011. This renewed interest aligns with Apple's strategy to expand its ecosystem within the smart home market. The proposed Apple television is expected to feature high-
Funding
Despite a surge in investments in artificial intelligence (AI) startups, venture capital firms are experiencing historically low profits. In 2023, U.S. venture capital firms returned only $26 billion to investors, marking the lowest figure since 2011. This trend has persisted into 2024, with significant investments but limited acquisition deals
Semiconductors
Apple’s dominance in tech stems from its unique silicon design approach, integrating hardware and software for unmatched performance. Over the years, Apple has prioritized in-house chip development, seen in the A-series chips for mobile devices and the M-series chips for Macs. This vertical integration ensures tailored