BUSINESS

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OpenAI, the AI research lab behind the conversational model ChatGPT, has recently announced a deal with Reddit, the popular social media platform known for its vibrant communities and discussions. This partnership is set to provide OpenAI with real-time access to Reddit's posts, which will be used to train and enhance its AI models. In exchange, Reddit will gain access to OpenAI's technology to develop new AI features for its platform.

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In a bold move that underscores its commitment to growth and shareholder value, Sony Group has announced a series of strategic initiatives that are set to reshape the company’s financial landscape. The Tokyo-based tech giant has pledged to boost
shareholder returns through a significant share buyback and a progressive dividend policy, alongside a promising outlook for higher annual profits driven by its thriving image sensors business.

US President Joe Biden is ramping up tariffs on Chinese-made electric cars, solar panels, steel and other goods. The White House said the measures, which include a 100% border tax on electric cars from China, were a response to unfair policies and intended to protect US jobs.

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TikTok is taking legal action against the U.S. government in an effort to prevent a nationwide ban. The lawsuit, filed by TikTok and its Chinese parent company ByteDance, challenges a law that could force the app’s divestiture or outright ban if certain conditions are not met within a specified timeframe.

Phillips recently concluded its Modern and Contemporary Art Evening Sale in New York, showcasing a diverse array of artworks and yielding notable results amidst a dynamic art market landscape. Here's an overview of the highlights, trends, and significant sales from the auction.