Singapore’s Sea Group founder Forrest Li has assured staff that the worst is over and that its first-ever quarterly net profit marks a turning point for the company. In a memo sent out, Li said that in the last few months, the company was forced to make difficult decisions to adapt and to put the company on a more stable footing with fewer inefficiencies.
Taking a brief break from AI news, let’s note that in-store technology and media company Mood Media has just purchased in-store ad network tech vendor Vibenomics. It’s all about the continuing boom in retail media networks.
Malaysian sovereign fund Khazanah Nasional Berhad (Khazanah) is anticipating another challenging year ahead of below trend global growth on the back of monetary policy shift to combat inflation, and persistent geopolitical tensions.
Google is facing another antitrust lawsuit, this time in Canada, specifically focusing on anti-competitive practices in online advertising. The Competition Tribunal has been asked to order Google to sell two of its ad tech tools, prohibit future anti-competitive practices and fine the company billions of dollars. In response, Google points to a highly competitive market offering plenty of alternatives.