The national office vacancy rate rose to a record-breaking 19.6 percent in the fourth quarter of 2023, Moody’s Analytics has said. That’s the largest quarterly increase since the first quarter of 2021, and larger than the 19.3 percent level reached only twice in the last 40 years. The surplus of office space is mainly due to the massive shift in how employees perform their jobs in the wake of the COVID-19 pandemic.
TikTok owner ByteDance said on Tuesday that it is in talks with multiple prospective buyers of its gaming assets, including the world’s largest video games company, Tencent, as the Chinese social media firm retreats from the gaming industry.
OpenAI is pushing back against a New York Times lawsuit alleging the artificial intelligence service violated copyright law by using Times articles to train its algorithm systems. The New York Times sued OpenAI and its business partner and investor Microsoft for copyright infringement last month.