Apple is contesting India's antitrust penalty law, which could potentially result in a fine of up to USD 38 billion for the company. A court filing at the Delhi High Court details Apple's challenge to the new legislation. Credit: APPLE The dispute marks the first challenge against India's antitrust penalty law, which allows the Competition Commission of India (CCI) to calculate penalties based on a company's global turnover. This law, enacted in 2024, allows the Competition C

UBTech Robotics, one of China’s top robot manufacturers, announced it secured a significant contract to deploy humanoids at border crossings. This initiative is part of the country’s intensified efforts to apply robotics in real-world settings. The deal, valued at USD 37 million, was struck with a humanoid robot centre in Fangchenggang. Credit: UBTech Fangchenggang is a coastal city located in the southern autonomous region of Guangxi, which shares a border with Vietnam. The

Dell Technologies has projected fourth-quarter revenue and profit figures exceeding Wall Street estimates, driven by increased investments in data centres for artificial intelligence. This outlook led to a 4% rise in its shares during extended trading.

Spotify plans to raise its US subscription prices in the first quarter of next year, according to a report citing three individuals familiar with the matter. This will be the company’s first price increase in the United States since June 2024.

Nvidia Chief Executive Officer Jensen Huang stated he does not see an artificial intelligence (AI) bubble, but rather a "tipping point" for the technology. Huang believes his company's computing specialisation will soon integrate into everything from coding to robot operation, fueling investor optimism.

Server-memory prices could double by late 2026 due to Nvidia’s decision to use smartphone-style memory chips in its artificial intelligence servers. This forecast comes from a report by Counterpoint Research, a technology-focused market research firm. Credit: NVIDIA Nvidia recently opted to change its memory chip type to LPDDR, a low-power memory chip typically found in phones and tablets. This shift from DDR5 chips, standard in servers, aims to reduce AI server power costs.

Chinese internet search giant Baidu reported a 50% increase in artificial intelligence-related revenue for the third quarter, a bright spot in an otherwise lacklustre financial period. The Beijing-based company’s third-quarter revenue declined 7% year on year to 31.2 billion yuan, or USD 4.4 billion, owing to sluggish advertising demand, while its net loss hit 11.2 billion yuan on asset writedowns. Credit: AP Despite struggles in its core advertising business, the company ann

Chinese electric vehicle (EV) maker Xpeng reported record quarterly revenue and significantly narrowed losses in the third quarter. The Guangzhou-based organisation's net loss reduced by nearly 80% to US$53.6 million from 1.81 billion yuan a year earlier. Credit: XPENG Revenue surged 101.8% year on year to 20.38 billion yuan, driven by record deliveries. The company delivered 116,007 units, an increase of nearly 150% from the previous year. Credit: XPENG Xpeng's gross margin

A federal jury in California said Apple owes medical-monitoring technology company Masimo USD 634 million for infringing a patent covering blood-oxygen reading technology. The jury agreed with Masimo that the Apple Watch’s workout mode and heart rate notification features violated Masimo’s patent rights, a Masimo spokesperson confirmed. Credit: APPLE An Apple spokesperson said the company disagreed with the verdict and would appeal. “Over the past six years, Masimo has sued A

Portable charging device maker Anker Innovations plans a share listing in Hong Kong, facing US scrutiny and several product recalls. The Shenzhen-listed company, based in Changsha, Hunan province, will apply to offer shares on the Hong Kong stock exchange’s main board. This move aims to advance its global strategies and enhance competitiveness.

Apple on Thursday said it would lower commissions for mini apps on iPhones and other devices. The company's App Store typically charges up to 30% on digital purchases.

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

South Korea’s Samsung SDI has reportedly reached an agreement to supply Tesla with Energy Storage System batteries valued at more than 3 trillion won (USD 2.11 billion). This supply arrangement is anticipated to span three years. Credit: TESLA The Korea Economic Daily newspaper reported on this development, citing an unnamed source within the battery industry. Samsung SDI stated that nothing had been decided regarding such an agreement. Samsung SDI reportedly agreed to supply

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

Meta anticipates "notably larger" capital expenses next year due to significant investments in artificial intelligence. This includes an aggressive buildout of data centres to bolster its AI initiatives.

Nokia's shares are anticipated to reach their highest level in nearly a decade after Nvidia's announced USD 1 billion investment for a 2.9% stake in the Finnish telecom equipment maker. This deal focuses on artificial intelligence and data centres, sparking optimism among investors.

The Indian government has approved a first batch of seven projects, worth over 55 billion rupees (USD 625.75 million), to boost domestic manufacturing of electronics components. This initiative aims to expand local production capacity within the country. Credit: Times of India The electronics and IT ministry stated the approval includes four projects by Kaynes Circuits India. These projects cover multi-layer and high-density printed circuit boards, camera modules, and laminat

Intel surpassed its profit estimates for the September quarter, driven by Chief Executive Officer Lip-Bu Tan's aggressive cost-cutting measures and significant new investments. The chipmaker's shares rose by 7% in after-hours trading following the announcement.