CHINA'S DEEPSEEK SHAKES NVIDIA AND OPENAI DOMINANCE, SPARKING AI MARKET RETHINK IN WALL STREET

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Apple’s board of directors recommends investors vote against a proposal to cancel all of its DEI programs. The board issued the recommendation in response to a filing from the conservative think tank the National Center for Public Policy Research that said DEI programs make companies vulnerable to “legal, reputational, and financial risks” in light of the 2023 Supreme Court decision against affirmative action in college admissions.
In a recent proxy filing, Apple’s board contends that the proposal is “unnecessary” and “inappropriately seeks to micromanage the Company’s programs and policies.” Apple’s board says it maintains a strong compliance program and strives for a culture of belonging where everyone can do their best work.
This is not an anomaly: many of the biggest U.S. companies have been scaling back DEI efforts of late. Meta, Facebook’s parent company, announced recently that it was eliminating its DEI programs, citing a changing legal and policy environment. In a memo to employees, Meta’s Vice President of Human Resources, Janelle Gale, wrote that the “term DEI has become charged” and the company would, instead, emphasize “fair and consistent practices that minimize bias for everyone, regardless of background.”. Similarly, Amazon has started to retire some of its DEI programs. In a memo last December, Amazon’s Vice President of Inclusive Experiences and Technology, Candi Castleberry, wrote that the company is “winding down outdated programs and materials” around representation and inclusion, with the goal of wrapping things up by the end of 2024. The memo emphasized a shift toward programs with proven outcomes to foster a truly inclusive culture.
These corporate changes come as conservative groups raise the heat on companies to rethink their DEI policies. Critics contend that these programs may amount to favoritism for some groups and could invite legal challenges. The 2023 Supreme Court ruling against affirmative action has increased the focus on DEI programs in higher education and corporate America.
And yet Apple’s leadership doesn’t seem particularly red-faced over the trend. The board’s recommendation to vote against the NCPPR proposal underlines just how deeply diversity and inclusion run in Apple’s corporate DNA. Shareholders will vote on the proposal at Apple’s annual general meeting on February 25.
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On January 23, 2025, OpenAI’s ChatGPT, one of the world’s most popular artificial intelligence tools, experienced a significant global outage. The downtime left millions of users without access, triggering widespread frustration—and a touch of humor—across social media platforms. The incident highlighted both the growing reliance on AI tools and the challenges of maintaining consistent service in a rapidly expanding digital world.
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The controversial messaging app, Telegram, has agreed to work with an internationally recognised body to stop the spread of child sexual abuse material (CSAM).
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Norway leads the world in electric car adoption, with electric vehicles (EVs) accounting for nine out of ten new vehicles sold in the country last year. The Nordic nation of 5.5 million people has embraced EVs faster than any other country and is poised to become the first to end the sale of new fossil fuel cars.
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Apple is poised to become the first tech giant fined under the European Union's new Digital Markets Act (DMA), following allegations of unfair market practices. Expected to be announced later this month, the penalty targets Apple's failure to comply with provisions aimed at leveling the playing field for smaller firms within the EU's digital ecosystem.
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