Business stories featured on GGD News
Kerry Washington Invests in Cheersy, a New Wedding Coordination Marketplace
Actress and entrepreneur Kerry Washington has expanded her angel investment portfolio by leading a $550,000 pre-seed funding round for Cheersy, a digital marketplace that connects engaged couples with expert day-of wedding coordinators.
Liberty Is Said to Approach Vodafone For Its Dutch JV Stake
Liberty Global Ltd. has approached Vodafone Group Plc for a potential acquisition of its stake in their Dutch joint venture VodafoneZiggo, according to people familiar with the matter.
Intel Shares Jump After Naming Chip Industry Veteran as CEO
Intel Corp. shares jumped about 10% in premarket trading on Thursday after it named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.
OpenAI Asks White House for Relief From State AI Rules
OpenAI has asked the Trump administration to help shield artificial intelligence companies from a growing number of proposed state regulations if they voluntarily share their models with the federal government.
Meta Faces Legal Challenge by French Publishers Over AI Training
French publishers and authors are suing Meta Platforms Inc. for copyright infringement, accusing the tech giant of using their books to train its generative artificial intelligence model without authorization.
Alibaba Releases AI Model That Reads Emotions to Rival ChatGPT
Alibaba Group Holding Ltd. has released a new artificial intelligence model that it says can read emotions, in an apparent bid to outpace OpenAI’s latest model.
What’s at Stake as Trump Looks to Scrap the Chips Act
President Donald Trump’s trade war and efforts to bring manufacturing back to US shores have put one of his predecessor’s signature achievements on the firing line: the Chips and Science Act.
Beijing to Roll Out AI Courses for Kids to Boost Sector’s Growth
Schools in Beijing will introduce artificial intelligence courses to primary and secondary students to strengthen China’s goal to dominate the sector.
Carol’s Daughter Leaves L’Oréal USA
L’Oréal USA has announced the sale of pioneering haircare brand Carol’s Daughter to an independent beauty company. Lisa Price, the founder of the Carol’s Daughter will assume responsibilities as President and will retain an equity stake. The unnamed beauty partner (acquiring the textured hair brand) also owns Ambi, AcneFree, and Dermablend.
Nintendo Shares Plunge on Tariff Fears, Foreign Investor Retreat
Shares of Mario Kart maker Nintendo Co. plunged the most in seven months, as investors abandoned Japan’s outperforming video game stocks on worries that Donald Trump’s tariffs will drive up console prices in the US.