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🗓️ 27 November 2024
⏱️ 2 minutes
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0:00.0 | SAP Business AI is AI that solves actual business problems, like predicting what your customers want before they know they want it, or making sure there are no weak links in your supply chain. |
0:10.3 | Revolutionary technology, real world's results. That's SAP Business AI. |
0:16.6 | Here's your TNB Tech Minute for Wednesday, November 27th. I'm Julie Chang for the Wall Street Journal. |
0:23.3 | SoftBank Group is doubling down on its investment in OpenAI, the startup behind ChatGPT. |
0:29.6 | The Japanese tech investment company is starting a tender offer to buy one and a half billion |
0:34.4 | dollars of OpenAI shares from employees. That's according to a person familiar with |
0:38.9 | the matter. The potential investment would be on top of the $500 million soft bank invested when the |
0:45.7 | AI startup raised $6.6 billion in a recent round of new funding. Current and former Open AI employees |
0:53.1 | will have until December 24th to decide whether to sell |
0:56.4 | their shares. News Corp, owner of the Wall Street Journal, has a content licensing partnership with |
1:01.4 | OpenAI. In a legal victory for crypto advocates, a federal appeals court has rejected the Treasury |
1:08.4 | Department sanctions on Tornado Cash. |
1:11.3 | Tornado Cash is a so-called cryptocurrency mixing service that U.S. officials allege |
1:16.6 | was used to launder funds stolen by North Korean hackers. |
1:20.3 | A panel of judges found that the sanctions were in overreach of government authority. |
1:24.9 | They cited with the crypto industry's argument that Tornado Cash's |
1:28.4 | software was not owned by a foreign national or entity, and thereby not an appropriate target |
1:34.6 | for sanctions. And e-commerce company Shopify is launching a dedicated effort to sign on more |
1:41.6 | big businesses to its platform. Shopify helps companies manage |
1:45.8 | their online storefronts and its roster of so-called enterprise customers includes Reebok, |
1:51.0 | Overstock, and Barnes & Noble. Some analysts say the move offers promises of steadier revenue and |
1:56.9 | long-term stability than its typical smaller clients, but it comes at a higher cost since |
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