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16 hours ago2 min read


Dell Increases Financial Forecasts on AI Server Demand
Dell Technologies has increased its annual revenue and profit forecasts, driven by strong demand for its artificial intelligence...
16 hours ago2 min read


BYD Begins EV Exports from Thailand to European Markets
BYD announced Monday its first electric vehicle exports from Thailand to Europe. A shipment of more than 900 Dolphin hatchbacks departed for destinations including the United Kingdom, Germany, and Belgium.
2 days ago1 min read


ByteDance Eyes Over USD 330 Billion Valuation as Revenue Surpasses Meta
ByteDance, owner of the short-video app TikTok, plans a new employee share buyback programme that would value the Chinese technology giant at more than USD 330 billion, driven by continued revenue growth. This higher valuation buyback comes as the company consolidates its position as the world's largest social media firm by revenue, a status it initially achieved in the first quarter.
2 days ago2 min read


Trump's Push for Government Equity Stakes Sparks Business Community Concerns
President Donald Trump stated on Monday his desire for more government investments in healthy US companies, a sentiment that has raised concerns within the business community. This follows the White House's announcement on Friday of a near-10% equity stake in chipmaker Intel, converting government grants into a shareholding.
3 days ago4 min read


Intel Cautions on US Government's 9.9% Equity Stake
Intel warned on Monday that the US government's 9.9% equity stake could pose risks to its business. The chipmaker stated in a securities...
4 days ago2 min read


US Tech Stocks Show Vulnerability Amid AI Trade Scrutiny
United States technology shares are exhibiting signs of vulnerability following a substantial rally. Some investors are citing overdone...
Aug 224 min read


US Government Explores Equity in Chip Firms Amid CHIPS Act Funding
U.S. Commerce Secretary Howard Lutnick is exploring federal government equity stakes in computer chip manufacturers receiving CHIPS Act funding. This initiative expands on a plan to secure an equity stake in Intel in exchange for cash grants.
Aug 202 min read


Alibaba, Baidu Drive China’s AI Cloud Surge as Market Hits US$2.7 billion
Alibaba Group Holding and Baidu led China’s booming public cloud market for artificial intelligence in 2024, as the sector surged 55% to reach US$2.7 billion, according to consultancy IDC.
Aug 192 min read
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