Chinese regulators fined Alibaba and Tencent for violating anti-monopoly laws by failing to disclose previous acquisitions. The fines, for about $76,000, amounted to a symbolic slap on the wrist for the internet giants, but show the government is paying more attention to their deals. Bloomberg reported that Alibaba was fined for not disclosing that it had raised its stake in a department...
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The Real CNN Drama is Cable News' Growing Irrelevance
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.