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Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say
21 Nov 2024

Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say

China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with the matter.
US watchdog issues final rule to supervise Big Tech payments, digital wallets

US watchdog issues final rule to supervise Big Tech payments, digital wallets

21 Nov 2024
Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said.
Santander launches fintech in Mexico to expand digital services

Santander launches fintech in Mexico to expand digital services

20 Nov 2024
Spanish banking giant Santander started rolling out its digital Openbank in Mexico on Tuesday, including a website and smartphone app.
STMicroelectronics delays long-term targets to 2030

STMicroelectronics delays long-term targets to 2030

20 Nov 2024
STMicroelectronics (ST) pushed back its long-term financial forecasts on Wednesday, following three guidance cuts this year, amid a slump in markets for the industrial and automotive chips it makes.
Roblox taps former Roku executive Parampath to aid advertising push

Roblox taps former Roku executive Parampath to aid advertising push

19 Nov 2024
Roblox has hired former Roku executive Louqman Parampath to help build out its advertising business, as the video-game platform bets on its lucrative young user base to draw marketing dollars.
Stellantis unveils technology to support flexible EV production, delays Ram electric pickup
19 Nov 2024

Stellantis unveils technology to support flexible EV production, delays Ram electric pickup

Stellantis said on Tuesday it will deploy a new vehicle system that will support assembly of gasoline, hybrid and electric models, but in a sign of how turbulent the electric-vehicle transition is, the automaker also delayed production of Ram electric pickup trucks. 
OpenAI and rivals seek new path to smarter AI as current methods hit limitations

OpenAI and rivals seek new path to smarter AI as current methods hit limitations

18 Nov 2024
Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges in the pursuit of ever-bigger large language models by developing training techniques that use more human-like ways for algorithms to "think".
Palantir shares rally to fresh record on plans for move to Nasdaq

Palantir shares rally to fresh record on plans for move to Nasdaq

18 Nov 2024
Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects eligibility to join the Nasdaq 100 index.
South Korean LG Display to invest additional $1 billion in Vietnam, local govt says

South Korean LG Display to invest additional $1 billion in Vietnam, local govt says

15 Nov 2024
Vietnam has awarded a licence to South Korea’s LG Display that will see it raise its investment in the northern port city of Haiphong by $1 billion, the city’s authorities said late on Thursday.
Poland's Allegro sees earnings growing 4-7% at home in Q4

Poland's Allegro sees earnings growing 4-7% at home in Q4

14 Nov 2024
Poland’s biggest e-commerce platform Allegro expects its earnings growth to slow down to 4-7% at home in the fourth quarter, it said on Thursday after its third-quarter core profit met market expectations.
Foxconn sees robust AI server demand, posts 14% rise in Q3 profit
14 Nov 2024

Foxconn sees robust AI server demand, posts 14% rise in Q3 profit

Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.
SoftBank first to receive new Nvidia chips for supercomputer

SoftBank first to receive new Nvidia chips for supercomputer

13 Nov 2024
SoftBank’s Japanese telecoms unit will receive the first chips using Nvidia’s  latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks to ride the artificial intelligence boom. 
Tencent Q3 revenue rises 8% on gaming strength, matches estimates

Tencent Q3 revenue rises 8% on gaming strength, matches estimates

13 Nov 2024
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, driven by growth in its gaming business after the recent launches of new titles.
Volkswagen investment chief steps down from Northvolt board

Volkswagen investment chief steps down from Northvolt board

12 Nov 2024
The head of investments at German auto maker Volkswagen is leaving the board of Sweden’s Northvolt, the  Swedish battery maker said on Monday, confirming media reports.
Singapore's Grab raises annual revenue forecast, shares jump

Singapore's Grab raises annual revenue forecast, shares jump

12 Nov 2024
Singapore’s Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season. 

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