China registered nearly half of all global patent applications in 2024, significantly outpacing the United States, according to data from the World Intellectual Property Organisation (WIPO). This marks China's continued leadership in global intellectual property activity. Credit: SHUTTERSTOCK A total of 1.8 million patent applications were filed in China last year. This figure represented nearly half of the global total and was more than three times the number submitted to th

Advanced Micro Devices shares surged 7% following the chipmaker’s reveal of a USD 100 billion annual data-centre revenue target. The company aims for a larger portion of the growing artificial intelligence market, currently led by Nvidia. This surge was projected to add over USD 26 billion to AMD’s market value.

Japanese technology organisation SoftBank Group Corp. has sold its stake in Nvidia, raising USD 5.8 billion for new investments. The move reflects SoftBank's strategic shift to focus on AI, particularly OpenAI.

CARIZON, Volkswagen's joint venture with China's Horizon Robotics, will develop the German carmaker's first in-house chip. This chip is designed to power smart driving capabilities in Volkswagen's next-generation vehicles for the Chinese market. Credit: Volkswagen The chip will process data from in-car cameras and sensors, offering a single-chip computing power of 500 to 700 tera operations per second (TOPS). Volkswagen expects to deliver this product within the next three to

OpenAI has signed a seven-year, USD 38 billion deal to buy cloud services from Amazon.com Inc. This marks its first major push to power its artificial intelligence ambitions following a restructuring that granted the ChatGPT maker increased operational and financial freedom.

Amazon shares surged over 11% after its cloud unit showed robust growth, easing concerns that the tech giant was lagging behind rivals in the artificial intelligence (AI) race. This strong performance, coupled with a bullish sales outlook, helped Amazon's stock rebound.

OpenAI is preparing for a potential initial public offering that could value the artificial intelligence company at up to USD 1 trillion, according to three people familiar with the matter. This move could mark one of the largest IPOs ever, as the company anticipates an annualised revenue run rate reaching approximately USD 20 billion by year-end.

Microsoft's AI infrastructure spending is significantly outpacing Wall Street expectations, intensifying investor worries about the substantial costs of sustaining its booming cloud services. The technology giant reported a record capital expenditure of nearly USD 35 billion for its fiscal first quarter. Credit: MICIROSOFT The company cautioned that spending would increase this year, reversing its earlier prediction of moderation. Microsoft shares fell nearly 4% in extended t