• Apple buying AI services from Chinese tech giant Baidu, say reports

    Chinese media is reporting that Apple is buying AI services from local tech giant Baidu. The WSJ had earlier reported that the iPhone maker had been in discussions with the company, to use its AI smarts in iOS 18. Baudi operates a ChatGPT-style LLM known as ERNIE Bot, which claims to “comprehend human intentions and deliver accurate, logical, and fluent responses approaching human level” more

  • Shell scales back emissions goals, says cutting oil and gas production is ‘not healthy’

    The company's report mentions that its 2035 'net carbon intensity' target has been 'retired' due to 'uncertainty in the pace of change in the energy transition.'

  • AstraZeneca to buy Fusion Pharmaceuticals for up to $2.4 billion

    AstraZeneca is buying Fusion Pharmaceuticals for $2.4 billion as the London-listed group looks to build its presence in cutting-edge cancer treatments.

  • Adam Neumann submits bid to buy back WeWork: report

    Adam Neumann has submitted a bid of more than $500 million to buy back WeWork, the office-sharing company he co-founded and propelled to a $47 billion valuation before it fell into bankruptcy, a person familiar with the matter told Reuters.It's not clear how Neumann is planning to line up financing for his bid, the source said, requesting anonymity as the discussions were confidential.Neumann raised WeWork to be the most valuable U.S. startup, worth $47 billion, before his pursuit of expansion...

  • Apple will use Baidu AI in China, reports say

    While Apple may be talking to Google about adopting the search giant's Gemini AI for upcoming releases of iOS, over in China that's not a feasible plan, seeing as how Google services are banned. So, a local player is the answer, and it seems like Apple found it in Baidu, long called "the Google of China" - how fitting. News from China today reveals that Baidu is set to provide AI services to Apple's latest devices - only in China, of course. Baidu will be Apple's generative AI provider in the...

  • African ESG bonds hit $4.4bn, says report

    The value of international loan securities issued by African entities to raise funds for investments complying with Environmental, Social, and Governance principles has hit $4.4bn in 2024. According to an Ecofin Agency report on Monday, the value of ESG bonds between January and February 2024 had surpassed the $1.4bn raised in 2023. The African Development Read More

  • Gazprom buys former Shell stake in Sakhalin Energy for $1 billion

    Kremlin-controlled energy giant Gazprom has acquired a 27.5 per cent stake, formerly owned by Shell, in Russian liquefied natural gas (LNG) producer Sakhalin Energy for around $1 billion, according to a government order. The government also officially nullified its order a year ago on selling the stake to Gazprom's rival, Novatek, without explanation. The Russian government said late on Monday that the 27.5 per cent stake in Sakhalin Energy is due to be sold to a company called Sakhalin Project...

  • Adam Neumann submits bid to buy back WeWork, WSJ reports

    Adam Neumann submits bid to buy back WeWork, WSJ reportsAdam Neumann submitted a bid to buy back WeWork for more than $500 million, the Wall Street Journal reported on Monday citing people with knowledge of the matter.

  • Samsung declined to make 2025 iPhone SE 4 displays, says report

    A new supply-chain report says that Samsung declined to make displays for the iPhone SE 4, expected to debut in 2025 with a major upgrade. The Korean report says that Samsung was unable to reach agreement with Apple on the price of the displays, and so they will instead be made by China’s BOE more

    • CNBC

    Alphabet shares up 4% on report Apple is in talks to license Gemini AI for iPhones

    According to a Bloomberg report, Apple is in talks with Google to let the iPhone maker license and build its Gemini AI engine into the iPhone.

    • Yahoo

    'Good likelihood' that injured Embiid will be back before start of playoffs, 76ers' Nurse says

    Philadelphia 76ers coach Nick Nurse said Wednesday that there is a “good likelihood” that reigning NBA MVP Joel Embiid will be back on the court before the postseason. “I think there's a very good likelihood that he will return before the playoffs,” Nurse said before the Sixers took on the Los Angeles Clippers. Embiid, who has averaged 35.3 points and 11.5 rebounds this season, has missed 27 games after suffering a meniscus injury on Jan. 30 at Golden State that required surgery on Feb. 6.

  • Will Smith, Vanessa Hudgens back in 'Bad Boys 4,' trailer drops

    Will Smith and Martin Lawrence are back for another round as Mike Lowrey and Marcus Burnett following the dropped trailer for a fourth "Bad Boys" movie, officially titled "Bad Boys: Ride or Die."