Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent … Read more
Indonesia said it has banned sales of smartphones made by Alphabet’s Google owing to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple’s iPhone 16 for the same reason. Domestic sales of Google’s Pixel smartphones were blocked because the company has not met Indonesia’s rules that call for … Read more
OpenAI is working with Broadcom to develop a new artificial intelligence chip specifically focused on running AI models after they have been trained, according to two people familiar with the matter. The AI start-up and chipmaker are also consulting Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chip contract manufacturer, said the people, who asked … Read more
Waymo on Friday said it raised $5.6 billion from investors to expand a robotaxi program now operating in Los Angeles, Phoenix and San Francisco. The investment round was led by Google-parent Alphabet, which spun the company off from a research unit and retains controlling interest, according to Waymo. The list of Waymo backers includes Silicon … Read more
The US Justice Department is considering asking a federal judge to force Google to sell off parts of its business in what would be a historic break-up of one of the world’s biggest tech companies. Antitrust enforcers are weighing a break-up to mitigate the Alphabet business’s dominance in search, the agency said in a court … Read more
Google won a court fight with the European Union over a €1.5 billion (US$1.7 billion) fine for thwarting competition for online ads, partly making up for last week’s crushing defeat in a separate judgment for abusing its monopoly powers. Judges at the EU’s General Court in Luxembourg backed the Alphabet unit’s challenge to a fine … Read more
Chinese internet search giant Baidu appears to have started blocking the online search engines of Alphabet’s Google and Microsoft’s Bing from scraping content derived out of the mainland firm’s Wikipedia-style service, a Post survey found. A recent update of Baidu Baike’s robots.txt – a file that tells search engine crawlers which uniform resource locators, commonly … Read more
The AI-driven market rally is navigating a big selloff amid weak US jobs and Q2 earnings reports, rising geopolitical tensions that threaten global supply chains, and a lack of clarity on how massive investments in AI translate to profit for investors and end-users. It is natural for investors who witnessed over 700% gains from just … Read more
Alphabet’s Google broke the law with its monopoly over online searches and related ads, a federal judge ruled on Monday, in the US Justice Department’s first victory against a monopoly in more than 20 years. The decision is a significant win for the Justice Department, which had sued the search engine giant over its control … Read more
The Cboe Volatility Index (VIX) jumped to a three-month high of 18.46 yesterday as the Q2 earnings season began with lacklustre reports from Tesla and Alphabet, triggering a sell-off in the US stock market. The VIX, or the fear gauge, measures the demand for protection against stock fluctuations. The S&P 500 dropped 2.3%, while the … Read more
