One-third of the tundra, forests, and swamps in the Arctic have turned into sources of carbon dioxide emissions due to global warming, writes The Guardian citing a study released in the journal Nature Climate Change. For thousands of years, Arctic ecosystems have stored vast quantities of potential carbon emissions within permafrost. However, as worldwide temperatures increase, they are emitting...

The Chinese firm ByteDance, the owner of the social media platform TikTok, intends to invest over $12 billion in building artificial intelligence (AI) infrastructure, which will encompass acquiring AI chips, according to sources cited by the Financial Times. “ByteDance, the owner of TikTok, intends to invest over $12 billion in artificial intelligence infrastructure this year,” the publication...

Billionbrains Garage Ventures, the parent organization of the financial platform Groww Invest Tech, intends to initiate an IPO in India in 2025, according to Bloomberg, which references sources. The sources indicated that the offering could generate $750 million or more. Billionbrains Garage aims to achieve a valuation ranging from $7 billion to $8 billion, according to their statement. JPMorgan...

On January 15, the Japanese firm Hino Motors, part of Toyota, reached an agreement with U.S. authorities to resolve a case concerning the submission of incorrect data regarding its diesel engines used in trucks and locomotives sold in the U.S. from 2010 to 2022. The overall expenses for fines and compensatory damages to federal and local agencies, environmental groups, and recall expenses will...

Oil and gas firm BP plans to eliminate 4,700 positions within the organization, along with over 3,000 contractor roles to lower expenses, BP CEO Murray Auchincloss informed staff, according to Bloomberg. Consequently, the organization is reducing approximately 5% of its staff. Auchincloss states that BP plans to cut costs even more, mainly by embracing digitalization, which involves implementing...

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against the world's wealthiest individual, Elon Musk (whose fortune, as per Forbes Real-time, is $417 billion), regarding the details of his acquisition of the social media platform Twitter (now called X) in 2022, according to The Wall Street Journal. In a federal court lawsuit in the District of Columbia, the SEC alleged that...

Bloomberg reports, referencing the company's statement, that chip manufacturer Intel intends to separate its venture capital division into an independent entity with a new name. The agency observes that this decision is intended for Intel Capital to gain greater independence and the capability to secure funding from alternative sources. Intel announced that it will continue to be a key investor...

The European Commission (EC) has issued a recommendation urging EU nations to reassess their companies' foreign investments in third countries regarding economic security. The EC document states that it pertains to three domains: semiconductors, artificial intelligence, and quantum technologies. The EC stated that export risk assessment is essential to prevent advanced technologies from “ending...

According to Bloomberg citing sources, Chinese firm ByteDance Ltd might sell the short videos app TikTok to Elon Musk. This situation may occur if the U.S. Supreme Court affirms the prohibition of the platform within the nation. In the discussion on January 10, American judges indicated that the likelihood of prohibiting the application is fairly high. In April 2024, US President Joe Biden...