India Set For Surge In Cheaper Weight Loss Drugs As Semaglutide Patent Expires
India’s pharmaceutical market is preparing for a wave of lower-cost weight-loss and diabetes treatments as the patent on semaglutide expires in the country. The change will allow domestic drugmakers to…
Shopify Plans Agentic Shopping Tools To Introduce AI Personal Shoppers
Shopify is preparing to expand its platform around agentic shopping systems that could function as AI-powered personal shoppers. The initiative aims to help consumers discover products while providing merchants with…
Encyclopaedia Britannica And Merriam-Webster Sue OpenAI Over Alleged Copyright Infringement
Encyclopaedia Britannica and Merriam-Webster have filed a lawsuit against OpenAI, alleging that the company committed “massive copyright infringement” by using their content without permission to train large language models. The…
PhonePe Pauses IPO Plans Amid Market Volatility And Geopolitical Tensions
PhonePe has paused its plans for an initial public offering, citing geopolitical tensions and instability in financial markets. The Bengaluru-based fintech said Monday that it remains committed to listing on…
Lawsuit Accuses xAI Of Allowing Grok To Generate Sexualized Images Of Minors
xAI is facing a lawsuit in federal court alleging that its AI systems allowed the creation of abusive sexual images involving identifiable minors. Three anonymous plaintiffs filed the complaint Monday…
Apple Acquires MotionVFX To Expand Tools For Final Cut Pro Creators
Apple has acquired MotionVFX, a company that develops plug-ins, templates, and visual effects tools for Final Cut Pro. Financial details of the transaction were not disclosed. MotionVFX announced the acquisition…
GridBeyond Raises €12 Million To Expand Virtual Power Plant Technology For AI Era Electricity Demand
GridBeyond has raised €12 million ($13.8 million) in a new equity funding round to expand its virtual power plant technology designed to balance electricity supply and demand on modern power…
Picsart Launches AI Agent Marketplace For Creators And Social Media Workflows
Picsart has introduced an AI agent marketplace that allows creators to deploy specialized assistants for tasks such as editing images, resizing social media content, and managing product visuals for online…
Bank Of America Reaches Settlement In Lawsuit Brought By Jeffrey Epstein Victims
Bank of America has agreed to settle a lawsuit filed on behalf of victims of Jeffrey Epstein who accused the bank of facilitating Epstein’s sex trafficking operation. The proposed settlement…
JD.com Launches Joybuy In Europe To Challenge Amazon And Rival Marketplaces
JD.com launched its European online shopping platform Joybuy on Monday as the company seeks to expand internationally and compete with major players such as Amazon and Chinese rivals already operating…
Mastercard And Bank of Shanghai Enable Cross-Border Transfers Through Mastercard Move
Mastercard has integrated Bank of Shanghai into its global money movement platform Mastercard Move to support two-way payment flows between China and international markets. The partnership is designed to make…
Mastercard Launches Cross-Border Payments Platform For SMEs In Asia Pacific
Mastercard has launched a new cross-border payments platform designed to help small and medium-sized enterprises expand into international markets. The solution, called Mastercard Global Commerce Suite for Small Businesses, is…
BPI Tests AI-Assisted Loan Approvals For Consumer And SME Lending
Bank of the Philippine Islands is testing artificial intelligence tools to assist with underwriting decisions for several types of loans, according to chief executive Jose Teodoro Limcaoco. The bank is…
Google Closes Record $32 Billion Acquisition Of Wiz
Google has finalized its $32 billion acquisition of Wiz, marking the largest purchase in Google’s history and the biggest acquisition ever involving a venture-backed startup. The deal reflects growing demand…
ByteDance Delays Global Launch Of AI Video Model After Hollywood Backlash
ByteDance has paused plans to release its new AI video model globally following criticism from Hollywood studios, according to a report by The Information. The company had planned to launch…
Giving Pledge Loses Momentum As Tech Billionaires Debate Philanthropy
The Giving Pledge, once a defining symbol of billionaire philanthropy, appears to be losing momentum as some wealthy tech leaders question whether the voluntary commitment still matters. Launched in 2010…
Apple Cuts App Store Commission Rates In China After Regulatory Talks
Apple said it will reduce its App Store commission rates in China following discussions with regulators, lowering the fee developers pay on certain digital purchases. The changes, announced Thursday, will…