

Samsung Warns of Sharp Q2 Profit Drop Amid US AI Chip Curbs on China
Samsung Electronics projected a 56% fall in second-quarter operating profit, citing US restrictions on advanced artificial intelligence chip exports to China and delays in shipments to key customers.
14 minutes ago2 min read


BRICS Leaders Push for AI Data Protections at Rio Summit
BRICS leaders are set to call for safeguards against the unauthorised use of artificial intelligence, aiming to curb excessive data collection and promote fair compensation mechanisms.
1 day ago1 min read


France Fines Shein $47.17 Million for Misleading Discounts on Fashion Deals
France’s antitrust agency has fined fast-fashion retailer Shein EUR 40 million ($47.17 million) for deceptive discount practices on its French website.
4 days ago1 min read


Intel CEO Considers Major Shift in Chip Manufacturing Strategy to Compete with TSMC
Intel Chief Executive Lip-Bu Tan is weighing a significant change to the company’s chip manufacturing strategy, potentially moving away...
5 days ago2 min read


Top Chinese AI Researchers Leave OpenAI for Meta in Global Talent Battle
Meta Platforms has hired four top Chinese researchers from OpenAI, intensifying the global race for artificial intelligence talent....
7 days ago2 min read


Nvidia Executives Sell Over USD 1 Billion in Shares Amid AI-Driven Stock Surge
Nvidia insiders have sold more than USD 1 billion worth of company shares over the past year, with over USD 500 million of those sales occurring in June, according to a Financial Times report.
Jun 301 min read


Micron Shares Climb on Soaring Demand for AI Memory Chips
Micron Technology shares rose 2% in premarket trading Thursday after the company issued a strong fourth-quarter revenue forecast, driven...
Jun 272 min read


Nvidia Becomes World’s Most Valuable Company Amid AI-Driven Stock Surge
Nvidia reached a record high on Wednesday, reclaiming its position as the world’s most valuable company after an analyst predicted a new surge in artificial intelligence demand.
Jun 262 min read


GAC Launches Electric Vehicle Production at New Indonesia Plant
Chinese automaker GAC has begun operations at its new electric vehicle manufacturing plant in Jakarta, aiming to expand its footprint across Southeast Asia.
Jun 251 min read


Apple Faces Shareholder Lawsuit Over Alleged AI Misrepresentation
Apple is facing a proposed securities fraud class action lawsuit from shareholders who claim the company overstated its progress in artificial intelligence, leading to significant financial losses.
Jun 232 min read


Amazon to Invest USD 233 Million in India to Boost Operations and Technology
Amazon will invest more than USD 233 million in India in 2025 to expand its operations infrastructure, enhance its fulfilment network, and improve delivery safety.
Jun 201 min read


Malaysia Investigates Reports of Chinese Firm Using Nvidia AI Chips for LLM Training
Malaysia’s Ministry of Investment, Trade and Industry is investigating reports that a Chinese company operating in the country is using Nvidia chips to train large language models.
Jun 191 min read


Microsoft to Cut Thousands of Jobs as AI Investments Grow
Microsoft is preparing to cut thousands of jobs, with many expected in its sales division, as it continues to invest heavily in artificial intelligence, according to a Bloomberg News report.
Jun 191 min read


Trump to Extend TikTok Sale Deadline to September, White House Confirms
U.S. President Donald Trump will extend the deadline for China-based ByteDance to divest TikTok’s U.S. assets by 90 days, pushing the new cutoff to mid-September, the White House said Tuesday.
Jun 182 min read


OpenAI Secures USD 200 Million Pentagon Contract for AI Development
OpenAI has been awarded a USD 200 million contract by the U.S. Department of Defense to develop artificial intelligence tools for national security applications.
Jun 171 min read


Taiwan Adds Huawei, SMIC to Export Control List Amid Security Concerns
Taiwan has added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, tightening restrictions on high-tech trade with mainland China.
Jun 162 min read


US Says Huawei's AI Chip Output to Stay Below 200,000 Units in 2025 Amid Export Curbs
China’s Huawei Technologies is expected to produce no more than 200,000 advanced artificial intelligence chips in 2025, according to a top U.S. export controls official.
Jun 132 min read


Qualcomm Opens AI Research Centre in Vietnam to Boost Tech Innovation
U.S. chipmaker Qualcomm has launched an artificial intelligence research and development centre in Vietnam, aiming to advance generative and agentic AI technologies across multiple sectors.
Jun 121 min read


Tencent Music to Acquire Ximalaya in USD 2.4 Billion Deal to Expand Audio Content Reach
Tencent Music Entertainment Group will acquire audio platform Ximalaya in a deal valued at approximately USD 2.4 billion, the company announced Tuesday.
Jun 112 min read


OpenAI Revenue Doubles to USD 10 Billion Amid Soaring AI Demand
OpenAI’s annualised revenue run rate has reached USD 10 billion as of June, nearly doubling from USD 5.5 billion in December 2024, the company announced Monday.
Jun 101 min read


Tesla Shares Rebound After Massive Selloff, But Trump-Musk Rift Persists
Tesla shares rose nearly 4% on Friday, recovering some ground after a USD 152 billion selloff triggered by a public feud between CEO Elon...
Jun 91 min read


BYD to Triple South Africa Dealerships Amid Growing EV Demandc
Chinese electric vehicle manufacturer BYD plans to nearly triple its dealership network in South Africa by 2026, aiming to strengthen its presence in Africa’s largest automotive market.
Jun 62 min read


China’s Top EDA Firms Gain Spotlight After US Chip Design Software Ban
China’s leading electronic design automation (EDA) firms—Empyrean Technology, Primarius Technologies and Semitronix—are drawing increased attention following new US export restrictions on chip design tools.
Jun 52 min read


Xiaomi Expects EV Business to Turn Profitable in Second Half of 2025
Xiaomi founder and CEO Lei Jun said the company expects its electric vehicle business to become profitable in the second half of 2025, according to a company spokesperson.
Jun 41 min read