apparel
US holiday retail sales stronger than last year, Mastercard says
Holiday shoppers opened their wallets at the last minute in search of good deals on online platforms in a sign that household finances remain healthy.
Adobe Inc.
US retailers aim to cash in on Cyber Monday with steep online discounts
Retailers are pulling out all the stops with steep promotions and discounts on their websites and apps after the long Thanksgiving weekend.
AI
Meta, challenging OpenAI, announces new AI model that can generate video with sound
Meta announced it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts.
Acquired podcast
Meta readies AR glasses reveal at Connect event
Meta prepared to kick off its annual Connect conference at its California headquarters, where it is expected to preview its first augmented reality glasses.
Alphabet
Apple set for big sales decline as investors await AI in iPhones
Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday.
005930.KS
Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says
The negotiations are about licensing Gemini for some new features coming to the iPhone software this year.
accuracy
Google restricts AI chatbot Gemini from answering queries on global elections
Google looks to restrict Gemini to avoid potential missteps in the deployment of the technology.
Alphabet
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday.
Advanced Micro Devices
Exclusive: Nvidia chases $30 billion custom chip market with new unit -sources
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others.