Business stories featured on GGD News
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.
Startup Trying to Un-Extinct Prehistoric Mammoth Creates ‘Woolly Mouse’
Colossal Biosciences has raised more than $400 million to resurrect bygone species.
Home Depot Turns to AI to Answer Online Shoppers’ Questions
Home Depot Inc. is betting on generative AI to improve online shopping — part of the big-box retailer’s efforts to revive sales and get back to steady growth.
Just Eat Introduces Food Delivery by Autonomous Drone in Dublin
Just Eat customers in Dublin can now have food delivered by autonomous drone, taking a step toward automation in an industry traditionally dependent on gig economy workers.
Rockstar Games Acquires Grand Theft Auto Collaborators Video Games Deluxe
Rockstar Games has officially acquired Sydney-based development studio Video Games Deluxe, rebranding it as Rockstar Australia. This strategic move strengthens a partnership that has flourished over the past decade, with both studios collaborating on notable projects such as L.A. Noire: The VR Case Files and enhancements to Grand Theft Auto: The Trilogy – The Definitive Edition.
Sequoia Leads $190 Million Funding for Law Enforcement Tech
Peregrine Technologies boosted its valuation to $2.5 billion in the deal.