Alibaba Cloud, the cloud computing unit of Chinese tech giant Alibaba, announced the launch of its artificial intelligence-powered chatbot, Tongyi Qianwen. It is the company’s rival to ChatGPT and possesses Chinese and English language capabilities.
Yustika K. Putri
Richard Branson’s Virgin Orbit Files for Bankruptcy After Failing to Secure New Investment
Satellite launch company Virgin Orbit, founded by Sir Richard Branson, files for bankruptcy in the US after failing to secure investment.
Apple’s Mac Shipments Plunge 40% – Largest Drop Among Major Competitors
Apple’s computer shipments fell 40.5% YoY in Q1 2023, alongside a general decline in consumer demand that affected all of the largest computer makers.
Tesla Expands in China with New Battery Factory in Shanghai
Tesla, the electric car company run by Elon Musk, has announced plans to build a new factory in China to manufacture its large-scale batteries. The plant, to be located in Shanghai, will produce 10,000 Megapack energy storage units each year.
Tech companies lead surge in planned layoffs, up nearly 5-fold in 2023
Layoffs have surged by nearly five times this year, with the tech industry being the hardest hit. The number of staff reductions in March was up 15% from February and 396% from a year ago.
Microsoft’s Partnership with OpenAI: A $13 Billion Bet with Huge Uncertainty
Microsoft’s $13B investment in OpenAI could add over $30B in new annual revenue, but the capped-profit model raises financial concerns.
Six Jailed in China’s : Shocking Chained Woman Trafficking Case
Six people have been jailed in China for a high-profile human trafficking case involving a woman found chained in a remote village. The case has sparked discussions about legal reform and greater punishments for trafficking crimes in China.
Johnson & Johnson to pay $8.9 billion settlement over alleged cancer-causing talc products
Johnson & Johnson agrees to pay $8.9 billion over 25 years to settle claims that its talc-based products, including baby powder, caused cancer.