HSBC exec warns of excessive AI hype in financial industry
Edward J. Achtner, head of generative AI at HSBC, expressed concerns over the effectiveness of artificial intelligence within the financial sector, labeling much of what is being presented by companies…
Nvidia shares rally 25 percent as AI demand drives growth
Nvidia’s stock has climbed 25% over the past month, approaching record highs ahead of key tech earnings reports from top clients, including Meta, Microsoft, and Alphabet. These companies are expected…
Singapore sets April 2025 deadline for digital bunker notes rollout
Singapore’s marine fuel suppliers will be required to provide digital bunkering services and issue electronic bunker delivery notes starting April 1, 2025. Amy Khor, Singapore’s senior minister of state for…
TSMC reports third-quarter revenue surge, outpaces predictions
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, announced its third-quarter revenue on Wednesday, exceeding both market expectations and its own forecasts. The company, driven by strong demand…
MediaTek Launches Flagship Chipset Ready for AI and Tri-Fold Phones
MediaTek has officially revealed its latest flagship mobile chipset, the Dimensity 9400, designed with future-forward features alongside standard performance upgrades. Built on a 3nm process, the chipset promises up to…
Hailuo AI Launches New Tool to Convert Images into Dynamic Videos
Hailuo AI, developed by Chinese startup MiniMax, has officially introduced its Image-to-Video (img2video) feature, offering creators a new way to transform static images into dynamic video content. This launch positions…
South Korea and Singapore to Strengthen Ties with Strategic Partnership
South Korea and Singapore have agreed to establish a strategic partnership next year, as announced by Singapore’s Prime Minister Lawrence Wong during a joint press conference with South Korean President…
China urges US to lift sanctions on semiconductor and vehicle firms
China’s Commerce Minister, Wang Wentao, expressed “serious concerns” on Tuesday in a call with U.S. Secretary of Commerce Gina Raimondo regarding U.S. semiconductor policies and restrictions on Chinese connected vehicles.…
AI Fund led by Andrew Ng makes first India investment with Jivi
Andrew Ng-led AI Fund has made its first investment in India, backing the AI-powered healthcare startup Jivi. The announcement was made on Tuesday, marking the fund’s entrance into India’s burgeoning…
VESSL AI raises $12M to slash GPU costs for machine learning models
South Korean startup VESSL AI has raised $12 million in a Series A funding round, focusing on its machine learning operations (MLOps) platform that promises to reduce GPU expenses by…
Huawei introduces HarmonyOS Next to compete with iOS and Android
Huawei Technologies is set to release its new mobile operating system, HarmonyOS Next, on Tuesday, positioning it as a competitor to Apple’s iOS and Google’s Android. This launch is part…
Super Micro stock jumps following AI GPU shipment announcement
Super Micro Computer‘s shares saw a significant 15% rise following the company’s announcement that it is now shipping over 100,000 graphics processing units (GPUs) used for artificial intelligence every quarter.…
Samsung apologizes after missing third-quarter profit expectations
Samsung’s Vice Chairman, Jun Young-hyun, the new head of the company’s Device Solutions Division, issued a rare apology on Tuesday following the company’s disappointing third-quarter profit guidance. The apology came…
AI Boom Has Room to Grow Says Foxconn Chairman Amid Language Model Evolution
Foxconn CEO and Chairman Young Liu has indicated that the surge in corporate investment in artificial intelligence (AI) infrastructure will continue as large language models (LLMs) advance. In an interview…
Nissan Joins ChargeScape with Major Investment in EV Charging Tech
Nissan Motor announced on Monday that it will invest in ChargeScape, an electric vehicle (EV) battery charging technology company. While the investment amount remains undisclosed, Nissan will acquire a 25%…
Samsung denies interest in separating chip manufacturing division
Samsung Electronics has ruled out the possibility of spinning off its contract chip manufacturing, known as its foundry business, as well as its System LSI logic chip design operations, despite…
China Faces EU Tariffs on Electric Vehicles as Trade Dispute Grows
The European Union has initiated a significant economic measure against China by imposing tariffs on electric vehicles (EVs), escalating the risk of retaliatory actions and potential repercussions for domestic businesses…
Strong AI Demand Propels Foxconn to Record Third-Quarter Revenue
Foxconn, the world’s largest contract electronics manufacturer, has exceeded market expectations, posting record third-quarter revenue driven by robust demand for artificial intelligence (AI) servers. Revenue surged 20.2% year-on-year to T$1.85…
Tata iPhone Component Plant Shuts Down Indefinitely After Fire Incident
Production has been indefinitely halted at Tata Electronics’ plant in southern India, following a fire that broke out over the weekend. The facility, which produces key components for Apple’s iPhone,…
New Robotic Hand Crawls Like a Spider While Picking Up Items
Researchers at the École Polytechnique Fédérale de Lausanne (EPFL) have unveiled a robotic hand capable of both crawling and picking up objects simultaneously. Designed to detach from its arm and…