It was a familiar kind of energy in the room at this year's Sohn Investment Conference in Hong Kong – not the frenetically retail-dominated excitement of the speculation, but the quiet, serious gaze of the members of the hedge fund fraternity at one another, wondering where there's real value to be extracted. This time, two …
A tech giant takeover of a startup is an experience not often witnessed these days. However, this is exactly what is happening in Beijing right now as the three founders of the artificial intelligence company Manus are hustling to put together a financial package valued at around USD 1 billion. On the surface, the self-deal …
In a move that signals just how much the regulatory ground has shifted for Big Tech in Europe, Meta has quietly offered competing AI chatbots a limited window of free access to WhatsApp. The proposal, which has not been publicly detailed until now, would allow rival services to use the messaging platform without charge up …
The digital revolution powered by artificial intelligence is no longer a distant promise or a warning from science fiction. It is here, moving faster than almost anyone predicted, and yet the applause from the generation expected to lead this charge is conspicuously absent. Instead, a growing chorus of boos is echoing through commencement halls and …
In a significant move that underscores China’s accelerating push for technological self-reliance, Alibaba Group has officially introduced its latest artificial intelligence processor, the Zhenwu M890. The announcement came during the company’s annual Alibaba Cloud Summit in Shanghai, where the tech giant made clear its intentions to offer a powerful domestic alternative to American semiconductor leader …
When customers of Iran’s largest cryptocurrency exchange needed to move billions of dollars discreetly and efficiently, they turned to two blockchain networks that would later become deeply intertwined with President Donald Trump’s own digital currency business. On the surface, the Islamic Republic’s sanctioned financial system and a former president’s family enterprise could not appear more …
In a blow to Elon Musk, OpenAI's lawsuit was rejected by a federal jury in Oakland, Calif. on Monday, eliminating one of the biggest legal hurdles in the way of the artificial intelligence startup's potential initial public offering. In a swift ruling, the jury found that Musk waited too long to launch his lawsuit, essentially …
Alphabet's Google and global asset management firm Blackstone are launching a new joint venture dedicated to artificial intelligence cloud services, marking the pace of change in the artificial intelligence sector, a field that is increasingly transforming the way infrastructure is invested in. Formed on Monday, the alliance aims to address one of today's biggest technology …
The artificial intelligence arms race between the United States and China is moving into a crucial phase as a few Chinese technology firms are granted permission to buy Nvidia's latest H200 AI chips—and no deliveries have been made yet. It illustrates the ongoing political fraughtness between the world's two great powers even in the business …
A courtroom in Milan is now the latest theatre involved in the global hothouse controversy concerning the responsibilities of social media giants towards children's wellbeing. On Thursday, an Italian parents' association and several Italian families went before the city's business court for the first hearing of a class action lawsuit against Meta and TikTok. MOIGE, …
A trial that may shape the future of OpenAI, the maker of ChatGPT, is now in its final stage, with a lawyer for Elon Musk asking a federal jury to hold the company's leadership responsible for “betraying the mission of the organization” to create open-source AI tools. The case has garnered a lot of attention …
May 13 was a normal morning for employees at LinkedIn until midday, when they were inundated with meeting invites announcing news no one wanted to hear. The professional social network owned by Microsoft quietly bided its time to tell employees that some five per cent of its worldwide employees will be sacked. Many inside the …
The market listens when a company such as Alibaba is telling it that the returns from AI are already beginning to be realised. And listen it did. Alibaba's U.S.-listed stock rose seven percent after its executives announced that its plans to invest in artificial intelligence would no longer be a hedge against declining opportunities, but …
In a decisive move that reinforces France’s long-standing commitment to protecting its literary culture, the country’s highest administrative court, the Conseil d’État, has rejected an appeal by Amazon challenging the legality of a mandatory minimum delivery fee for books. The ruling, delivered on Wednesday, marks another chapter in France’s ongoing effort to balance the dominance …
