An investor group led by Chinese internet giant Tencent Holdings will buy a 10% stake in Universal Music for nearly $3.4 billion, the companies said in a statement. The deal, which is subject to regulatory approvals, would value Universal Music at 30 billion euros ($33.7 billion) and is expected to close in the first half of 2020, the statement said. The investor group also has the option to buy...
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OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon Valley
OpenAI has just 375 full-time employees, but its buzzy chatbot, ChatGPT, is shaking up Silicon Valley. The company’s influence extends even further, through former employees who are now in top positions at other artificial intelligence firms or have founded startups of their own. Even as layoffs roil the tech sector, AI talent is in high demand as firms jostle for a limited pool of...
Intel Cuts Salaries Amid Grim Outlook
AMD Forecasts Sales Slowdown Due to Weak PC Demand
Snap Warns Revenue Could Fall 10% This Quarter
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