Amazon’s senior employees may not get a cash pay raise this year
By Mariam Sunny and Priyanka G (Reuters) – Amazon.com Inc said on Wednesday its senior employees, whose compensation includes more stock-related awards than cash, may not receive a cash pay…
GameStop faces ‘unsustainable’ sales decline, cuts jobs to control costs
By Priyanka G and Harshita Mary Varghese (Reuters) – Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter…
Chinese TikTok sellers complain of under-fire platform tightening US rule enforcement
By David Kirton SHENZHEN, China (Reuters) – Chinese e-commerce vendors that want to sell products on TikTok Shop in the U.S. as an alternative to Amazon are upset by moves…
Why AI is so linked to low-code development
AI low-code development: The acronym is Lcap, and it stands for low-code application platforms. These solutions make it possible to bring customised products and services to market by enabling heterogeneous…
Alibaba plans to invest $1.1 billion in South Korea
By Shivani Tanna (Reuters) – Alibaba Group plans to invest $1.1 billion in South Korea over the next three years to build a logistics center and expand businesses, South Korean…
OpenAI’s Sora: everything that you need to know
Microsoft-backed start-up OpenAI unveiled its text-to-video generative tool Sora on 16 February 2024. People’s interest in learning more about the artificial intelligence-assisted video creator hit an all-time high in 12 months after…
Alibaba Cloud announces steep price cut in race for AI customers
By Josh Ye HONG KONG/SHANGHAI (Reuters) – China’s Alibaba Cloud on Thursday said it will slash prices of some of its products by as much as 55%, its most severe…
TikTok violates Indonesian in-app transactions ban, says minister
By Bernadette Christina JAKARTA (Reuters) – Chinese short video app TikTok is still violating Indonesia’s rule that bans in-app transactions, a cabinet minister said on Tuesday, after it took control…
Amazon fined for ‘excessively intrusive’ surveillance of its workers
France’s data protection authority uncovered Amazon’s violation of workers’ rights and imposed a substantial €32 million fine on the tech giant. The penalty stems from Amazon France Logistique’s implementation of an overly…
Job cuts spill beyond tech sector
By Zaheer Kachwala, Harshita Mary Varghese, Samrhitha Arunasalam, Arsheeya Bajwa, Priyanka.G and Jaspreet Singh (Reuters) – Several U.S. and Canadian companies, mostly in sectors such as technology and media, have…