Technology

Qualcomm Stock Jumps 10% on $4 Billion Amazon Custom Chip Deal

Qualcomm shares rose about 10% after unveiling a roughly $4 billion custom chip partnership with Amazon for AI data centers, challenging Nvidia's lead.

Dow Sheds 500 Points as Oil Nears $100 on Saudi Houthi Attacks

The Dow dropped about 500 points Wednesday as Houthi attacks on Saudi Arabia injured 73 and drove oil toward $100 a barrel.

Dow Slides 400 Points as US-Iran Strikes Push Oil to Six-Week High

The Dow slid roughly 400 points as renewed U.S.-Iran attacks pushed Brent crude to a six-week high, with energy shares leading a mixed Wall Street session.

GE Aerospace to Buy Castings Maker CPP for $11.75 Billion

GE Aerospace said on Tuesday it will acquire castings maker Consolidated Precision Products for $11.75 billion from Warburg Pincus and Berkshire Partners.

UK Bans Trade From Israeli West Bank Settlements, Drawing US and Israeli Criticism

Britain said on Tuesday it will ban goods from Israeli settlements in the occupied West Bank, drawing criticism from the US, Israel and some British MPs.

Tencent’s Leap into Healthcare AI: A Strategic Move Towards Industry Transformation

Tencent Holdings, the renowned Chinese technology conglomerate, is pioneering a new venture in the healthcare sector by integrating artificial intelligence (AI) into various medical...

Broadcom-VMware Merger Approved by China with Conditions: A Major Tech Industry Move

Broadcom's ambitious $61 billion acquisition of VMware, a major software corporation, has recently received the green light from Chinese regulators, clearing the final obstacle...

OpenAI Reinstates Sam Altman as CEO Amid Governance Reforms and Microsoft’s Involvement

In a dramatic turn of events, OpenAI has announced the reinstatement of Sam Altman as its CEO following a near-unanimous outcry from its employees...

US Aims for Quantum Computing Breakthrough by 2028 Amid Tech Rivalry with China

The United States is setting ambitious technological targets to outpace global competitors, particularly China, in the race for technological dominance. A recent report by...

Nvidia Adapts to US Export Controls, Develops New Chips for China Market

US semiconductor leader Nvidia is actively developing new products tailored to the needs of its Chinese customers, responding to the challenge of complying with...

Douyu CEO Arrested in Chengdu Over Alleged Casino Operation

Chen Shaojie, the founder and CEO of the US-listed video game live-streaming platform Douyu International Holdings, has been arrested in Chengdu, Sichuan province, on...

Nio and Changan Automobile Collaborate to Enhance EV Battery Swapping Technology

Chinese electric vehicle (EV) maker Nio has embarked on a strategic partnership with Changan Automobile, one of China's state-owned automotive giants. This collaboration aims...

Baidu Strengthens Board and Ethical AI Commitment Amid Steady Revenue Growth

Baidu, a leading online search giant, is making significant strides in its business and ethical practices. In a recent development, Baidu announced the appointment...

Douyin Tightens Advertiser Screening Amid Increased Content Control in China

ByteDance's Douyin, the massively popular Chinese version of TikTok with over 600 million daily active users, is set to implement stricter controls on its...

China’s Broadcast Regulator Tightens Oversight on Short Web Drama Market

China's broadcasting authority, the National Radio and Television Administration (NRTA), is ramping up efforts to regulate the rapidly growing short web drama industry. This...

Taiwanese Consumers Navigate Tech Choices Amid China Tensions

In Taiwan, a fascinating consumer trend is emerging, particularly in the realm of technology. Despite ongoing political tensions with mainland China, Taiwanese consumers, like...

AI Revolution: Chinese and Hong Kong Businesses Poised for Growth

Companies in Mainland China and Hong Kong that are swiftly adopting artificial intelligence (AI) technology stand to see significant revenue boosts, particularly through improved...

Qichacha Launches Overseas Platform After Passing China’s Data Export Security Assessment

Qichacha, a leading corporate database provider in China, has announced a significant step forward in its global expansion efforts. After successfully passing a rigorous...

IoT Tech Expo Global Returns to London: A Glimpse into the Future of IoT

The IoT Tech Expo Global is set to make a return to the vibrant city of London on 30th November and 1st December 2023....

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