Technology

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

Over 5,500 Still Missing in China and Nepal as Flood Toll Passes 1,300

More than 5,500 remain missing in China and Nepal twelve days after floods killed over 1,300, as the UN launches a $50m aid appeal.

Australia Plans Law Letting Users Switch Off Social Media Algorithms

Australians could opt out of social media algorithms under a proposed "digital duty of care" law targeting Meta, Google and TikTok, a minister said Monday.

Anak Krakatau Eruption Cancels Hundreds of Flights at Jakarta Airport

Mount Anak Krakatau's eruption disrupted hundreds of flights across Indonesia, with cancellations at Jakarta's airport stretching into Monday.

US Envoys Hold Substantive Kyiv Talks, But Russia-Ukraine Gaps Persist

US envoys Witkoff and Kushner held substantive talks with Zelenskyy in Kyiv a day after meeting Putin, but core Russia-Ukraine differences remain.

Apple’s Services Division Reaches $100 Billion Milestone, Continues to Fuel Growth

Apple’s services division, now the company’s second-largest revenue source after the iPhone, has reached an impressive $100 billion annual run rate. In its latest...

Universal Music and SoundLabs Release AI-Produced Spanish Version of Brenda Lee’s Holiday Classic

On Friday, Universal Music Group (UMG) released "Noche Buena y Navidad," a Spanish rendition of Brenda Lee's iconic 1958 holiday song "Rockin' Around the...

HKSTP Takes 25 Start-Ups to Saudi Arabia to Boost Innovation Ties at FII Forum

Hong Kong Science and Technology Parks Corporation (HKSTP) is launching its largest overseas delegation by bringing 25 Hong Kong-based start-ups to the Future Investment...

Hong Kong Introduces First AI Guidelines for Financial Services at FinTech Week

Hong Kong has introduced its first set of guidelines for the responsible use of artificial intelligence (AI) within the financial sector during the annual...

Waymo Secures $5.6 Billion in Series C Funding to Expand Robotaxi Service

Waymo, Alphabet’s autonomous driving venture, has closed a substantial $5.6 billion Series C funding round to expand its robotaxi service, currently available in Los...

Oppo and BYD Partner to Integrate Smartphones with Smart Cars, Expanding AI Capabilities

Chinese smartphone leader Oppo has entered into a strategic partnership with electric vehicle (EV) manufacturer BYD to enhance the interoperability between advanced smartphones and...

WeRide Files for $119.4 Million Nasdaq IPO Alongside $320.5 Million Private Placement

Chinese self-driving start-up WeRide has filed for an initial public offering (IPO) on Nasdaq, aiming to raise up to US$119.4 million, according to a...

Horizon Robotics IPO Surges in Hong Kong, Raising $696 Million

Shares of Horizon Robotics, a leading Chinese autonomous-driving technology firm, surged during their debut on the Hong Kong Stock Exchange, marking the second-largest initial...

Tesla to Launch Driverless Ride-Hailing Services in California and Texas by 2025

Tesla CEO Elon Musk announced on Wednesday that the electric vehicle giant plans to introduce driverless ride-hailing services in California and Texas next year....

Tesla’s Vehicle Sales to Grow by 20%-30% in 2025, Says CEO Elon Musk

Tesla CEO Elon Musk has projected a significant boost in vehicle sales, expecting growth of 20% to 30% next year. This reassuring forecast calmed...

Apple Shares Drop as iPhone 16 Production Cut by 10 Million Units

Apple's shares declined by about 2% on Wednesday following reports from industry supply chain analyst Ming-Chi Kuo that the company has reduced its production...

Apple Rolls Out Beta Version of Apple Intelligence with ChatGPT Integration

Apple has released a beta version of its much-anticipated Apple Intelligence features, including integration with ChatGPT. These new AI capabilities aim to enhance user...

SK Hynix Reports Record Q3 Profit Driven by AI Memory Demand

South Korea’s SK Hynix, one of the leading global memory chipmakers, has reported a record quarterly profit for Q3, driven by a surge in...

Anthropic Unveils AI Agents Capable of Complex Task Completion

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, has reached a major milestone with its AI technology. The company, known for...

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