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Who owns TikTok in the US now?Under the arrangement, non-Chinese investors will own about 80% of the American venture. ByteDance will keep 19.9% of it. The investors, wh...- Hong Kong fire death toll hits 159 after towers searchedHong Kong's deadliest fire in decades has claimed 159 lives, with authorities cautioning the toll might rise. Investigations into the blaze...
- Intel's new CEO explores big shift in chip manufacturing businessIntel's CEO, Lip-Bu Tan, is considering a strategic shift in its foundry business, potentially halting the marketing of its 18A chipmaking ...
- Intel CEO invested in hundreds of Chinese companies, some with military tiesSeveral investors interviewed by Reuters expressed concern that the scope of Tan's investments could complicate the task of reviving Intel....
- Amazon set to release long-delayed Alexa generative AI revampOnce released, it would mark the most significant upgrade to the product since its initial introduction accelerated a wave of digital assis...
- How Intel lost the Sony PlayStation businessIntel missed out on a significant contract to design and fabricate the chip for Sony's PlayStation 6, which was awarded to rival AMD. The d...
- Top US workers' union leaders support Kamala Harris for presidencyIn a significant move, top workers' union leaders in the US have endorsed Vice President Kamala Harris for the presidency. This endorsement...
- Meta shares sink on higher AI spending, light revenue forecastShares of the Facebook and Instagram parent dropped about 15% in extended trade following the report, its market capitalization plunging to...
- India’s G20 legacy: Africa, Global South will dominate Italy’s G7 agendaItaly's Ambassador emphasized Africa and Global South at the G7 summit. India's G20 success maintained G20's role, focusing on finance for ...
- Facebook parent Meta declares first dividend, shares soarThe social media giant is the first of its generation of internet juggernauts to issue a dividend, a milestone for a tech sector that has b...
- Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market valueThe drop, potentially its biggest one-day fall in more than a year, wiped about $20 billion off the Chinese tech giant's market value.
- Taylor Swift's 'The Eras Tour' concert film expected to uplift US theatre economy following Hollywood strikeTaylor Swift's concert film, 'Taylor Swift: The Eras Tour', is set to be released in movie theatres on October 13. Analysts predict that th...
- Generative AI comes to Nasdaq, winning over engineersMonths since ChatGPT's debut, engineers and marketers at the stock exchange operator Nasdaq are embracing newer artificial intelligence, wh...
- Facebook owner Meta starts final round of layoffsMeta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees the do...
- AI startup Cohere in talks to raise funding at $6 billion plus valuationToronto-based Cohere, established by former researchers at Alphabet in 2019, has quickly risen through the AI startup ranks given their int...
- Meta slashes hiring plans, girds for 'fierce' headwindsMeta has reduced its target for hiring engineers in 2022 to around 6,000-7,000, down from an initial plan to hire about 10,000 new engineer...
- Twitter says it mistakenly took down accounts posting on Russian military"We've been proactively monitoring for emerging narratives that are violative of our policies, and, in this instance, we took enforcement a...
- This 5-hr-long bus tour in Hong Kong will give sleep-deprived residents some quality snooze-timeThe first 'Sleeping Bus Tour' sold out entirely last Saturday.
- Facebook's 'Neighborhoods' faces crowded niche market, profiling concernsNeighborhoods users are prompted to introduce themselves, log interests and answer ice-breaker questions
- UK expresses concern over press freedom in Hong Kong"We believe that freedom of expression, including of the press, has played an important part in Hong Kong's success," the report said.
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