Chinese Tech Firm DeepRoute.ai Secures $100 Million Investment for Expansion
DeepRoute.ai, a Shenzhen-based autonomous driving tech firm, announced Monday it secured $100 million from a Chinese automaker. The investment aims to accelerate the widespread adoption of its smart driving systems,…
Intel’s AI Chip Ambitions Face Setbacks One Year Later
Intel’s upbeat revenue projections on Thursday masked a significant setback: its AI chips have not lived up to earlier sales expectations. The company, led by CEO Pat Gelsinger, scrapped a…
Foxconn Subsidiary Shunsin Pursues $80 Million Vietnam Investment
Taiwanese electronics giant Foxconn’s subsidiary, Shunsin, is seeking an $80 million investment permit for a new plant in northern Vietnam, according to a document from Vietnam’s environment ministry. The planned…
EU Cracks Down on Temu Over Potential DSA Violations
The European Commission has launched a formal investigation into Temu, a fast-growing online marketplace known for its low-cost offerings. Announced Thursday, the investigation will determine whether Temu has violated the…
India’s Central Bank Clears Jio Payment Solutions for Digital Payment Services
India’s Jio Payment Solutions, a subsidiary of Mukesh Ambani’s Reliance Group firm Jio Financial Services, has received authorization from the country’s central bank to operate as an online payment aggregator.…
ByteDance Founder Zhang Yiming Becomes China’s Wealthiest Individual
ByteDance founder Zhang Yiming has claimed the title of China’s wealthiest individual, with a personal fortune reaching $49.3 billion, according to the annual Hurun China Rich List released Tuesday. At…
Indonesia Bans iPhone 16 Sales as Apple Falls Short on Local Investment
Apple’s newest iPhone 16 lineup, the Apple Watch Series 10, and other recently announced devices are now banned from sale in Indonesia after the company failed to meet local investment…
US Finalizes AI and Tech Investment Restrictions in China
The Biden administration announced on Monday that it has finalized rules limiting U.S. investments in specific technology sectors in China, including artificial intelligence, to safeguard national security. Initially proposed in…
Reddit Stock Hits $100 Milestone with Impressive Q3 Results
Reddit shares surged 22% in extended trading on Tuesday, reaching the $100 mark for the first time. This significant jump follows the company’s announcement of third-quarter results that exceeded analyst…
Tata Technologies’ Profit Slips Again as Global EV Market Cools
India’s Tata Technologies reported a profit decline for the third consecutive quarter, impacted by a global slowdown in electric vehicle (EV) demand. The engineering and technology services provider, which primarily…
Toyota Teams Up with NTT for $3.3 Billion AI Self-Driving Project
Toyota Motor Corporation and Japan’s Nippon Telegraph and Telephone (NTT) have pledged a combined investment of 500 billion yen ($3.26 billion) for research and development in artificial intelligence software aimed…
Vietnam’s Vingroup Invests Big in AI and Cloud Computing Startups
Vietnam’s Vingroup has announced a US$150 million fund, named VinVentures, aimed at investing in technology start-ups across Southeast Asia, with an initial focus on artificial intelligence, semiconductors, and cloud computing.…
China Extends Welcome as Apple Strengthens Market Position
China has welcomed Apple Inc.’s intention to expand its presence within the Chinese market, according to Commerce Minister Wang Wentao. In a recent meeting with Apple’s CEO, Tim Cook, Wang…
EU and China Agree to Continue Talks on Electric Vehicle Tariff Alternatives
The European Union and China have agreed to proceed with additional technical discussions in the coming days to explore alternatives to imposing tariffs on China-manufactured electric vehicles (EVs). Both the…
WeRide Gains Momentum in U.S. Market After Successful Nasdaq Launch
Shares of China’s self-driving technology company WeRide surged by 19% in its debut on the Nasdaq on Friday. Following an initial public offering (IPO) and private placement that raised $440.5…
Nvidia Tops Apple to Become World’s Most Valuable Company
Nvidia has claimed the title of the world’s most valuable company, temporarily surpassing Apple on Friday after a historic stock rally driven by extraordinary demand for its artificial intelligence (AI)…
Intel Wins Overturning of €1bn Fine in EU Competition Case
Intel has won a significant victory in its long-running legal battle to overturn a €1.06bn (£880m) fine imposed by the European Commission for allegedly abusing its market dominance in the…
Amazon to End Same-Day Delivery Service from Brick-and-Mortar Stores
Amazon is shutting down its same-day delivery service, Amazon Today, which facilitated rapid deliveries from mall and brick-and-mortar retailers, according to information obtained by CNBC. Development on the service has…
Adobe Fresco Makes All Previously Paid Features Free for Everyone
Adobe has made its painting app, Adobe Fresco, entirely free, allowing users to access previously paywalled features without any cost. Originally launched nearly five years ago at $10 a year,…
Nvidia Strengthens AI Presence in India with New Partnerships
Nvidia is entering into a series of strategic partnerships with Indian companies to deploy its AI chips and technology, strengthening its presence in a key growth market. The U.S. chip…