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…
IBM stock falls after third-quarter revenue disappoints Wall Street
IBM shares dropped by 3% in after-hours trading on Wednesday following the company’s third-quarter earnings report, which revealed lower-than-expected revenue from its consulting and infrastructure segments. While IBM’s adjusted earnings…
FTC’s Ban on Fake Online Reviews Officially Begins
A federal ban on fake online reviews is now in effect, marking a significant shift in online commerce practices. The Federal Trade Commission (FTC) has prohibited the creation, sale, and…
AI voice systems for cars get a boost from Qualcomm and Google partnership
Qualcomm and Google are partnering to help car manufacturers develop AI voice assistants for vehicles using the Android Automotive OS (AAOS). Qualcomm announced that it is collaborating with Google to…
Indian Startup Neysa Secures $30 Million to Expand AI Services
Neysa, an Indian AI startup, has raised $30 million in an all-equity Series A round as it seeks to position itself against global hyperscalers like AWS, Google Cloud Platform, and…
Fuji Soft Backs KKR’s Initial Offer as Bain Presents Higher Proposal
The board of Japan’s Fuji Soft (9749.T) is continuing to back the first stage of a 558.4 billion yen ($3.72 billion) buyout offer from KKR, despite receiving a higher counter-offer…
Apple’s iPhone Sales in China Climb 20% in First Three Weeks
Apple’s new iPhone sales in China surged 20% in the first three weeks following their launch, according to data from research firm Counterpoint. This growth compares to the 2023 model’s…
Super Nintendo World in Orlando Set to Open May 2025
Super Nintendo World is set to open at Universal Orlando Resort on May 22, 2025. This will be the third Nintendo theme park globally, following locations in Los Angeles and…
Amazon Tells Employees to Embrace Five-Day-Office Mandate or Seek Jobs Elsewhere
Amazon’s cloud division CEO, Matt Garman, delivered a clear message to employees regarding the company’s return-to-office mandate during an all-hands meeting at Amazon’s second headquarters in Arlington, Virginia. Garman told…
Horizon Robotics Aims to Raise $696 Million in Largest Hong Kong IPO of 2024
Horizon Robotics, a Chinese autonomous driving firm, plans to raise up to $696 million in its upcoming Hong Kong initial public offering (IPO), marking the city’s largest listing of 2024.…
ASML Reveals Impact of U.S. Chip Export Curbs on China Sales
ASML, a key player in the global chip supply chain, has provided its first detailed insight into how U.S. export restrictions on advanced chip manufacturing tools will affect its sales…