Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the start-up said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia’s US$700 million bid for Run:ai, which helps developers optimise infrastructure for AI, earlier in December after saying in October that the deal would require EU … Read more
Beijing is on the hunt for science and technology counsellors for its overseas embassies, with a focus on diplomatic engagement related to the electric vehicle sector, according to a source with knowledge of the situation. China has the world’s biggest EV market and the latest diplomatic push comes as it faces allegations of overcapacity, with … Read more
The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as US president, … Read more
Can anyone really tell what is organic or not organic in Hong Kong? In the markets, I have seen veggies with a pen-written sign proclaiming their greens are “organic”. In the supermarket, there is fruit in cellophane wrap with generic “organic” stickers without any certification or proof. Can I truly trust the vendor? Is it … Read more
New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. Yves Herman | Reuters Chinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three … Read more
China is anxious to fend off the European Union’s “divide and conquer” tactics during their electric vehicle (EV) tariff negotiations to maintain a united front and steer future talks, analysts said. Chinese EV manufacturers should, they added, also not be influenced as the EU insists on the right to approach firms individually. China and the … Read more
The US will ban outbound investments in China’s semiconductors, quantum technologies and artificial intelligence from January 2 if they are deemed to threaten American national security, a key move in the Biden administration’s efforts to address concerns about the mainland’s progress in advanced technologies. The US Treasury released final rules on Monday to prohibit engagement … Read more
ByteDance-owned international short video-platform TikTok has reported total revenue of US$4.6 billion in 2023, an increase of nearly 75 per cent from a year earlier, in markets excluding the United States, Asia and Oceania. TikTok, which has more than 1 billion users worldwide, attributed that rise to “the continued growth of [its] user base”, “enhanced … Read more
Temu’s website in Vietnam, however, showed that the company’s foray into one of the fastest-growing economies in the region was apparently rushed. It currently supports only English as well as transactions made via credit card and Google Pay, while excluding leading Vietnamese mobile payment service Momo. In affluent Brunei, Temu is available in both English … 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
