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China's Cyber Watchdog Tries To Soothe Concerns Of Internet Firms

Reuters | Friday August 19, 2022

China's cyberspace watchdog wants to build an "affectionate" relationship between internet enterprises and the government, a senior official said, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown.

Indonesia President Wants Tesla To Make Electric Cars In Country: Report

Reuters | Friday August 19, 2022, Jakarta

Indonesian President Joko Widodo has urged electric vehicle (EV) maker Tesla to manufacture its cars, as well as batteries, in the country, in comments made to Bloomberg News on Thursday.

Elon Musk Targets Advertising Tech Firms In Twitter Suit Over $44 Billion Takeover Deal

Reuters | Friday August 19, 2022

Twitter has sued the Tesla chief executive, who has accused Twitter of hiding information about how it calculates the percentage of bots on the service, for attempting to walk away from the $44 billion agreement. A trial is scheduled for Oct. 17.

Apple Suppliers To Make Apple Products In Vietnam For The First Time: Report

Reuters | Wednesday August 17, 2022

Apple Inc's suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter.

OK Google, Get Me A Coke: Artificial Intelligence (AI) Giant Demos Soda-Fetching Robots

Reuters | Tuesday August 16, 2022

Google is combining the eyes and arms of physical robots with the knowledge and conversation skills of virtual chatbots to help its employees fetch soda and chips from breakrooms with ease.

With Alibaba Stake Cut, SoftBank's CEO Cools Toward China Tech

Friday August 12, 2022, Tokyo

SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled on China tech.

HSBC Oversold Risks Of $35 Billion Asia Spin-Off, Investor Thinks: Report

Reuters | Thursday August 11, 2022, Hong Kong/ London

HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding the move could unlock up to $35 billion in value.

Elon Musk Sells $6.9 Billion Of Tesla To Avoid Twitter Tussle Fire Sale

Peter Vercoe, Bloomberg | Wednesday August 10, 2022

Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaires biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car makers shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.

Meta Raises $10 Billion In First-Ever Corporate Bond Offering

Reuters | Wednesday August 10, 2022

Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

Dreaded 'Down Rounds' Shave Billions Off Startup Valuations

Reuters | Tuesday August 09, 2022

Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations.

AppLovin Offers To Buy Video Game Software Maker Unity For $17.5 Billion

Reuters | Tuesday August 09, 2022

Gaming software company AppLovin Corp on Tuesday made an offer to buy peer Unity Software Inc in a $17.54 billion all-stock deal, looking to tap into growing demand for three-dimensional gaming.

Snap Plans Layoffs, Just Like Meta And Other Firms: Report

Reuters | Tuesday August 09, 2022

Snap Inc, owner of the popular messaging app Snapchat, is in early stages of planning layoffs, the Verge reported on Monday.

China's First Fully Driverless Robotaxi Licenses Bagged By Search Engine Baidu

Reuters | Monday August 08, 2022

China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country.

Warren Buffetts Berkshire Hathaway Posts Investment Loss Of $44 Billion

Edited by NDTV Business Desk | Sunday August 07, 2022

Despite the loss, Berkshire Hathaway earned an operating profit of $9.283 billion

Amazon To Buy Robot-Vaccum-Cleaner-Maker iRobot For About $1.7 Billion

Reuters | Friday August 05, 2022

Amazon.com Inc will acquire iRobot in an all-cash deal for about $1.7 billion, the robot vacuum cleaner maker said on Friday.