Chinese tech giant Alibaba launches upgraded AI model to challenge Microsoft, Amazon
Alibaba announced Tongyi Qianwen 2.0, its latest large language model, as the Chinese giant looks to compete with U.S. rivals like Amazon and Microsoft.
Beer giant AB InBev beats forecasts, but Bud Light boycott continues to hit U.S. revenues
It is the second quarter in which the Bud Light controversy has hit U.S. performance at the world’s biggest brewer.
Euro zone inflation drops to two-year low in October; economy shrinks in third quarter
Inflation across the euro zone dropped to a two-year low of 2.9% in October, according to preliminary data released Tuesday.
The UK is gearing up for a pivotal summit on AI. Here’s what you need to know
The summit will be a chance for Prime Minister Rishi Sunak to put the U.K. at the heart of the global conversation around artificial intelligence safety.
Taiwanese chip firm to build a $5.3 billion factory in Japan as country seeks semiconductor boost
Japan has been looking to boost its domestic semiconductor industry and manufacturing of chips — and the PSMC and SBI factory is part of that push.
BP shares down 4% after third-quarter profit plummet
This quarter, former CEO Bob Dudley left the oil major over failure to disclose relationships with colleagues this quarter.
CNBC Daily Open: Market bounce may not last
After a rough week amid accelerating inflation and disappointing earnings, stocks bounced to start the week. But the recovery may not last.
Rampage by antisemitic mob puts pressure on Moscow to confront rising ethnic tensions in Russia
Moscow is coming under increasing pressure to protect the country’s Jewish community after the latest episode of antisemitsm highlighted interethnic tensions.
Oil could soar to record high of $150 if Israel-Hamas war escalates further, World Bank says
Record high oil prices could be on the horizon in the event of an expansion of the ongoing Israel-Hamas war, the World Bank cautioned.
Samsung expects memory chip demand to improve, as operating profit beats expectations
Samsung reported its third-quarter earnings on Tuesday, beating estimates and signaling that a memory chip glut may be bottoming out.
