In the UAE, the majority believes that bots would thrive where people fail in business sustainability

According to a recent Oracle research, about three-quarters of those polled in the UAE believe artificial intelligence-powered bots — apps that conduct automated activities — would be more effective than people when it comes to business sustainability.

Respondents from the U...

US SUPREME COURT HANDS GOOGLE A VICTORY IN THE SUIT AGAINST ORACLE

Highlights

• Overturning a lower court’s ruling, the US Supreme Court handed the Alphabet-owned company a victory saying that it did not violate federal copyright law

• The Sundar Pichai-led company was sued by Oracle Corp. in the year 2010 over copyright infri...

MALAYSIAN MAN BUYS NFT OF DORSEY’S FIRST TWEET

Highlights:

• Dorsey had recently declared his interest in selling his first tweet as an NFT

• The proceeds will go for charity

NFT or non-fungible token is a unique digital cert...

INDIAN ISVS SWIFTLY MOVING TO ORACLE CLOUD

HIGHLIGHTS

Many ISVs are running their business critical applications on OCI to improve application performance.
Oracle has two cloud regions in India.
OCI got highest ranking in a recent IDC survey.

To improve application...

TOKYO STOCKS END SLIGHTLY HIGHER OVER FIRM TECH ISSUES ON WEDNESDAY

Highlights –

Tokyo stocks end slightly higher over firm tech issues on Wednesday.
The 225-issue Nikkei Stock Average ended up 88.40 points.
Topix index of all First Section issues on the TSE finished at 4.09 points.
Stock i...

TOKYO STOCKS OPEN MIXED ON WEDNESDAY MORNING OVER TECH ISSUES

Highlights –

Tokyo stocks open mixed on Wednesday morning over tech issues.
The 225-issue Nikkei Stock Average rose at 34.55 points.
Topix index of all First Section issues on the TSE was down at 1.4 points.
Stock issues ga...

ByteDance GETS SEVEN-DAY EXTENSION OF TikTok SALE ORDER

Highlights

• The Trump administration had previously granted a 15-day extension to ByteDance of this executive order issued in the month of August, which would have expired this Friday

• The U.S. President Donald Trump on August 14 had directed the Chinese company to...

END OF THE ROAD FOR TikTok, IF ORACLE DEAL NOT CLOSED WITH U.S. TERMS: STEVEN MNUCHIN

Highlights

• Mnuchin said all of the code will have to be in the United States. He further said that Oracle will be responsible for rebuilding the code, sanitizing the code, making sure it’s safe in their cloud, and whether it will satisfy all the US requirements

&b...

TikTok's PARENT COMPANY ByteDance APPLIES FOR CHINESE TECH EXPORT LICENSE TO COMPLETE U.S. DEAL

Highlights

• ByteDance submitted an application to Beijing’s municipal commerce bureau and now is waiting for the approval

• While speaking to the reporters on Thursday, spokesman of Chinese commerce ministry Gao Feng said that the application from ByteDance ha...

ByteDance WILL HAVE NO OWNERSHIP IN TikTok GLOBAL: ORACLE

Highlights

• Oracle in its statement said upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global

&bull...

US PRESIDENT TRUMP SAYS HE HAS GIVEN A GREEN SIGNAL TO TikTok-ORACLE DEAL

Highlights

• President Trump while speaking to the reporters said he has approved the deal in concept

• The US President said he has given the deal his blessing and if they get it done, that’s great, and if they don’t, that’s okay too

&bul...

ByteDance PLANNING A U.S. IPO OF TikTok GLOBAL TO SEAL THE DEAL

Highlights

• According to the sources, the filing of the IPO would be on U.S. stock exchange and likely to come in about a year

• On August 6, President Trump had ordered ByteDance to divest TikTok in the middle of growing concerns of national security

&bul...

ByteDance's TikTok TO OPERATE AS A U.S. COMPANY, TO AVOID BAN

Highlights

• ByteDance has decided to place TikTok's headquarters in the U.S. as this move will help TikTok escape President Donald Trump's ban

• Reports state that independent third parties will take the roles of directors of the new company, while ByteDance...

YouTube Shorts: NEWEST SUBSTITUTE FOR ByteDance's TikTok

Highlights

• YouTube Shorts is Alphabet's answer to TikTok developed by ByteDance and will allow users to upload 15-second or less short-term videos

• Most of the features in YouTube Shorts are similar to TikTok and its rival cloned by Instagram called Reels

...

U.S. STOCKS JUMP ON HOPES OF COVID-19 VACCINE & MERGER NEWS

Highlights

• Shares of AstraZeneca went up by 0.5 percent after its announcement regarding the resumption of its last-stage COVID-19 vaccine trials with the University of Oxford

• Shares of Oracle surged 4 percent on the reports of the company securing a partnership ...

U.S. STOCK MARKET: INDICES AFFECTED BY VOLATILE TRADING

Highlights

• The Dow Jones Industrial Average index went up by 182.36 points or 0.66 percent to 27,716.94 and the S&P 500 jumped 12.41 points or 0.37 percent to 3,351.6, while the Nasdaq slumped 3.83 points to 10,915.5

• Shares of Peloton and Oracle went up in th...

ByteDance LIKELY TO MISS US' SEPTEMBER 20 DEADLINE FOR TikTok DEAL

Highlights

• Before the arrival of new Chinese regulations, both Microsoft and Oracle had submitted their proposals and are still willing to purchase the U.S. arm of TikTok, and have not been discouraged by the involvement of Beijing

• As per the reports, without app...