Johnson & Johnson to pay $9Bn to settle baby talcum powder lawsuits

Johnson & Johnson, the US-based pharmaceutical and consumer packaged goods company, has reportedly proposed to pay nearly $9 billion to settle tens of thousands of claims in North America alleging that its baby powder as well as other t....

EV maker Lucid to slash 1300 jobs for restructuring in a bid to reduce costs

Lucid, the well-known U.S.-based electric car manufacturer, has reportedly planned to slash around 1300 jobs, nearly 18% of its workforce as a part of a broader restructuring process to cut costs as it works on increasing the output of its ....

Singapore’s Kredivo Holdings first to raise $270M since U.S. bank’s fall

Kredivo Holdings, a fintech company based in Singapore, has reportedly overcome a downturn in the economy that has rendered it hard for several start-ups to acquire additional funds by raising nearly US$270 million in equity funding. The....

OpenAI releases ChatGPT’s advanced version GPT-4, a multimodal model

The popular AI (artificial intelligence) research lab, OpenAI has reportedly unveiled GPT-4, the latest edition of the remarkable AI system that runs ChatGPT. Apparently, the lab claims it to be more innovative, less prone to making up fact....

Facebook and Instagram owner Meta to lay off 10,000 jobs to cut costs

Meta, the leading American technology company and the owner of social media platforms Facebook and Instagram, has reportedly announced its plans to lay off around 10,000 employees. Apparently, this is going to be the second round of sign....

Heathrow to lower passenger charges to feed through to the ticket prices

Heathrow Airport, the U.K.’s leading international airport, has reportedly been advised to reduce passenger costs for airlines next year, as they would have an impact on ticket pricing. The Civil Aviation Authority (CAA) determined....

Amazon signs deal with mortgage lender Better.com to give employee benefits

Amazon, the U.S.-based e-commerce giant, has reportedly inked a deal with struggling mortgage lender, Better.com to provide better perks to employees. For the unversed, Better.com is introducing Equity Unlocker, a product that enables st....

New Zealand’s Tracksuit secures $5M to expand into the U.S. market

Tracksuit, a brand tracking startup headquartered in New Zealand, reportedly closed $5 million in its initial external round as it plans to use the funds to further penetrate the U.S. market. Apparently, Blackbird headed the investment, ....

Chinese gaming industry post sales decline for the first time in years

China's video game sector has reportedly experienced a fall in revenue for the first time since at least 2005, as per previous data from the nation's leading gaming industry association. Based on a recent report published by the org....

Microsoft reveals new Bing and Edge browsers with ChatGPT AI tech

Microsoft, the leading US-based technology giant, has reportedly released an updated version of its search engine Bing that integrates the most recent breakthroughs in artificial intelligence. The update leverages OpenAI's ChatGPT te....