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Meta Platforms Finally Retreats From Funding Its Metaverse
The “metaverse” isn’t what it used to be. Meta Platforms is expected to cut resources from the virtual reality initiative Mark Zuckerberg once framed as the company’s future — and the reason for its name change.

By The Financial District
Dec 10, 20251 min read


Alphabet Confident its Semiconductors are a Gold Mine
Alphabet investors are increasingly confident that the company’s semiconductor efforts could become a major revenue engine for Google’s parent.

By The Financial District
Dec 10, 20251 min read


SoftBank, Nvidia Looking to Invest in Skild AI at $14 Billion Valuation
Japan’s SoftBank Group and Nvidia are in talks to invest in Skild AI in a funding round of more than $1 billion that could value the maker of foundation models for robots at around $14 billion.

By The Financial District
Dec 10, 20251 min read


Trump Wades into Netflix–Warner Deal, Hints it May be Axed
U.S. President Donald Trump raised potential antitrust concerns about Netflix Inc.’s planned $72 billion acquisition of Warner Bros. Discovery Inc., noting that the market share of the combined entity may pose problems.

By The Financial District
Dec 10, 20252 min read


Berkshire Stock Picker Todd Combs Leaves, Joins JPMorgan
Todd Combs, one of Warren Buffett’s top investing lieutenants and the CEO of GEICO, is departing Berkshire Hathaway and joining JPMorgan Chase in a new role as part of a major shake-up involving both firms.

By The Financial District
Dec 9, 20251 min read


Paramount Makes $108.4-B Hostile Bid for Warner Bros. Discovery
Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros. Discovery (WBD) in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

By The Financial District
Dec 9, 20252 min read


Tom Hicks, Owner of U.S., U.K. Sports Teams, Dies at 79
Tom Hicks, the Texas businessman and philanthropist who owned two Dallas-area professional sports franchises and an English Premier League soccer team, has died.

By The Financial District
Dec 9, 20251 min read


Nvidia Says Blackwell Is "Transforming the Economics of AI"
Nvidia has released a report showing how its Blackwell AI systems can scale up artificial intelligence more efficiently, just as Big Tech’s data-center buildout faces a massive power shortage.

By The Financial District
Dec 8, 20251 min read


Globe Sees Opportunities Ahead for the Philippines
Globe Telecom affirmed that the Philippines is entering a more connected, innovation-hungry, and opportunity-rich phase of digital growth—one shaped not only by its youthful demographics but by shifting global technology cycles.

By The Financial District
Dec 8, 20253 min read


Netflix Wins Battle for Warner Bros. Discovery
In a deal that could dramatically reshape the entertainment industry, Netflix—led by Ted Sarandos and Greg Peters—is poised to win the battle for Warner Bros. Discovery (WBD) studios and the HBO Max streaming business.

By The Financial District
Dec 6, 20251 min read


Megan Thee Stallion Wins Defamation Case vs. Porn Video Blogger
Jurors handed Megan Thee Stallion a victory in her lawsuit against Milagro Gramz, whose real name is Milagro Cooper — the blogger she accused of promoting a deepfake pornographic video of her.

By The Financial District
Dec 6, 20252 min read


Apple’s AI Chief Abruptly Retires
Apple's top artificial intelligence executive is stepping down and will retire from the company in 2026.

By The Financial District
Dec 6, 20251 min read


Belle Corp-Linked Online Gaming Provider Partners with New Streaming Platform Promoting PAGCOR-Licensed Sites
Buenas PH, an e-casino operator linked to Belle Corporation, has been named the presenting partner for the upcoming Battle of the Streamers, the weekly flagship program of iGaming broadcast network YGS Live.

By The Financial District
Dec 5, 20252 min read


Dell Bets on Rising AI Server Demand to Forecast Higher Growth
Dell has forecast fourth-quarter revenue and profit above Wall Street estimates.

By The Financial District
Dec 5, 20251 min read


Prada Purchases Fashion Rival Versace for $1.4-B
The Prada Group has announced that it has officially purchased Milan fashion rival Versace in a 1.25-billion-euro (nearly $1.4 billion) deal.

By The Financial District
Dec 4, 20252 min read


Micron to Invest $9-B in Japan to Build AI Memory Chip Plant
Micron Technology will invest 1.5 trillion yen ($9.6 billion) to build a new plant in Hiroshima, western Japan, to produce advanced high-bandwidth memory (HBM) chips.

By The Financial District
Dec 3, 20251 min read


Globe, BPI Advance Next-Gen Authentication
Globe and the Bank of the Philippine Islands (BPI) have taken a significant step toward more secure and seamless digital banking with a Proof of Concept (POC) for Silent Network Authentication (SNA).

By The Financial District
Dec 3, 20252 min read


Huawei, ZTE Seal 5G Deals in Vietnam
China’s leading telecommunications firms Huawei and ZTE have secured a string of contracts this year to supply 5G equipment in Vietnam.

By The Financial District
Dec 2, 20251 min read


China’s Baidu Starts Layoffs After Reporting Third-Quarter Loss — Sources
China’s Baidu began layoffs this week affecting multiple business units, according to six sources briefed on the matter, as the company struggles with intensifying competition in artificial intelligence (AI) and declining advertising revenue.

By The Financial District
Dec 2, 20252 min read


CATL, Stellantis Break Ground on Spain’s Largest EV Battery Plant
Europe’s second-largest carmaker, Stellantis, and Chinese EV battery giant CATL have started construction on a €4.1 billion battery factory in northeastern Spain that is expected to create 4,000 jobs.

By The Financial District
Dec 2, 20251 min read


Toyota Global Output in October Highest for Single Month
Toyota Motor Corp. said Thursday that its global output in October rose 3.8% from a year earlier to 926,987 units, hitting a record high for a single month for the first time in nearly two years, driven by robust hybrid sales in North America.

By The Financial District
Dec 2, 20251 min read


China’s Anta Sports and Li Ning Exploring Bid for Puma
Chinese sportswear firms Anta Sports Products and Li Ning are among those exploring a potential takeover of struggling German sportswear brand Puma.

By The Financial District
Dec 1, 20251 min read


Alibaba Launches AI Glasses in Rare Consumer Gadget Foray
Alibaba Group Holding Ltd. has begun sales of its first smart glasses powered by its Qwen AI models, marking a rare foray into consumer hardware.

By The Financial District
Dec 1, 20251 min read


Flights Returning to Normal After Airbus Warning Grounded Planes
Thousands of Airbus planes are returning to normal service after being briefly grounded following a warning that solar radiation could interfere with onboard computers.

By The Financial District
Dec 1, 20251 min read
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