Big Business

A global tech selloff, spurred by Chinese AI developer DeepSeek, erased a combined $108 billion from the fortunes of the world’s 500 wealthiest individuals. Nvidia co-founder Jensen Huang led the losses, with billionaires tied to artificial intelligence facing the most significant setbacks. Huang’s fortune dropped by 20%, equating to $20.1...

A recent survey by PwC revealed that Canadian executives are slower to adopt artificial intelligence (AI) compared to their global counterparts, with only 79% of Canadian CEOs planning to implement AI within the next 12 months, compared to 87% globally. The report highlighted that Canadian companies are falling behind in...

China installed 8 GW of solar power across various nations under its Belt and Road Initiative (BRI) in 2024, according to data from Wood Mackenzie. This contribution formed part of a record-breaking 24 GW of total power projects deployed in over 140 participating countries within a single calendar year, the...

Salesforce CEO Marc Benioff stated on Thursday that today’s business leaders would be the last to oversee the entire human workforce as artificial intelligence (AI) becomes an integral part of organizational operations. Speaking during a panel at the World Economic Forum’s annual meeting in Davos, Switzerland, he emphasized that the...

Hiroshi Mikitani, founder and CEO of Rakuten Group Inc., has underscored the critical role of the company’s telecommunications division in driving growth through artificial intelligence. Despite entering Japan’s wireless market four years ago, Rakuten has continued to report financial losses. Mikitani stated that the mobile division, which now serves over...

Taiwan Semiconductor Manufacturing Co. (TSMC) is encountering significant challenges in its efforts to bring advanced chip production to its new Arizona facility, as the plant is unlikely to implement the company’s most cutting-edge technology before its factories in Taiwan. This delay, according to TSMC CEO and Chairman C.C. Wei, stems...

Zhou Chaonan has earned a coveted spot among China’s elite circle of female billionaires and joined the global ranks of the 500 wealthiest individuals. This remarkable achievement comes on the heels of her company’s skyrocketing stock performance, which has positioned it as a key player in the field of artificial...

Delaware-based Open.cx, a trailblazer in AI-driven customer support, has announced raising $1.52 million (€1.48 million) in a pre-seed funding round. The investment, secured from prominent backers including Y Combinator, Spacetime (the investment arm of Mollie and Bird founder Adriaan Mol), Koen Köppen (Mollie CEO), Pioneer Fund, Kulveer Taggar, Propeller Fund,...

This morning’s much-anticipated launch of Jeff Bezos’ New Glenn rocket was abruptly called off just six minutes before its scheduled liftoff at 08:15 GMT (03:15 EST). The postponement, attributed to a "vehicle subsystem issue," has left the team at Blue Origin reassessing their plans for the rocket's first orbital flight....

For individuals who plan to make use of the National Disability Insurance Scheme (NDIS), understanding the services offered by NDIS-approved providers can be important when it comes to choosing the right support. NDIS-approved providers are authorised to deliver a wide range of services designed to empower individuals with disabilities, enhance...