China targets Nvidia with antitrust probe, escalating US chip tensions
December 9, 2024 – 7:46 AM PST Courtesy NVIDIA/Handout via REUTERS /File Photo BEIJING (Reuters) – China said on Monday it has launched an investigation into Nvidia Corp (NVDA.O) over suspected violations of the country’s anti-monopoly law, in a move widely seen as a retaliatory shot against Washington’s latest curbs on the Chinese chip sector. […]
US appeals court upholds TikTok law forcing its sale
December 6, 2024 – 8:16 AM PST REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – A U.S. federal appeals court on Friday upheld a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. Advertisement The decision is a complete win for the […]
Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria
December 5, 2024 – 5:15 AM PST Photo by Dan Kitwood/Getty Images (Reuters) – Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. Advertisement Once […]
Apple facing hurdles in adapting Baidu AI models for China, The Information reports
December 4, 2024 – 7:15 AM PST A man checks an iPhone 16 Pro as the new iPhone 16 series smartphones go on sale at an Apple store in Beijing, China September 20, 2024. REUTERS/Florence Lo/File Photo (Reuters) – Apple (AAPL.O) and Baidu (9888.HK) are working to add AI features to iPhones sold in China, […]
China bans export of key minerals to U.S. as trade frictions escalate
December 3, 2024 – 5:12 AM PST A worker miniature is placed near the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration (Reuters) – China has banned exports to the United States of items related to the minerals gallium, germanium and antimony that […]
Meta tightens ad rules to curb financial scams aimed at Australians
December 1, 2024 – 10:07 AM PST REUTERS/Yves Herman/File Photo SYDNEY (Reuters) – Instagram and Facebook-owner Meta Platforms (META.O) said on Monday it had introduced stricter rules for advertisers of financial products and services targeting Australians, in a bid to crack down on scams on the social media platforms. Advertisement The move comes after Meta […]
Australia’s under-16 social media ban sparks anger and relief
November 28, 2024 – 11:10 PM PST REUTERS/Edgar Su/Illustration SYDNEY (Reuters) – Australians reacted on Friday with a mixture of anger and relief to a social media ban on children under 16 that the government says is world-leading, but which tech giants like TikTok argue could push young people to “darker corners of the internet”. […]
OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
November 26, 2024 – 11:42 PM PST REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan’s SoftBank Group (9984.T), two sources familiar with the matter told Reuters on Wednesday. Advertisement SoftBank’s billionaire CEO Masayoshi Son has been persistent […]
US finalizes $7.86 billion chips manufacturing award for Intel
November 26, 2024 – 2:04 AM PST U.S. President Joe Biden looks at a wafer, as he tours the Intel Ocotillo Campus, in Chandler, Arizona, U.S., March 20, 2024. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – The U.S. Commerce Department said Tuesday it was finalizing a $7.86 billion government subsidy for Intel (INTC.O), down from $8.5 […]
US Supreme Court tosses case involving securities fraud suit against Facebook
November 22, 2024 – 7:28 AM PST REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – The U.S. Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta’s (META.O) Facebook of misleading investors about the misuse of the social media platform’s user data. Advertisement The justices, who […]