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Fri, Jan 16, 2026 02:30 AM All times are UTC

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Xiaomi Raises $5.5B to Supercharge EV and AI Ambitions

Mar 25, 2025 08:23 am UTC| Technology Business

Chinas Xiaomi Corp (OTC:XIACF) has raised $5.5 billion through an upsized share sale, fueling its aggressive push into electric vehicles (EVs) and artificial intelligence (AI). The tech giant sold 800 million shares at...

FuriosaAI Rejects $800M Meta Takeover, Aims to Rival NVIDIA in AI Chip Race

Mar 24, 2025 08:13 am UTC| Technology Business

South Korean AI chip startup FuriosaAI has reportedly turned down an $800 million acquisition offer from Meta Platforms Inc. (NASDAQ: META), according to local media. The decision wasnt driven by price but rather...

Toyota Delays EV Battery Plant in Japan Amid Weak Demand and High Costs

Mar 24, 2025 08:13 am UTC| Business Technology

Toyota Motor Corp. (NYSE: TM) is delaying the construction of a lithium-ion battery plant for electric vehicles (EVs) in Japans Fukuoka prefecture, according to a report by the Asahi Shimbun. The decision follows concerns...

Ant Group Taps Chinese Chips to Cut AI Training Costs by 20%

Mar 24, 2025 08:12 am UTC| Technology Business

Ant Group, backed by Jack Ma, is leveraging Chinese-made semiconductors to reduce the cost of training artificial intelligence models by up to 20%, according to a Bloomberg report. The breakthrough, achieved using domestic...

Malaysia Faces U.S. Pressure to Tighten Chip Regulations Amid AI Tensions with China

Mar 24, 2025 08:11 am UTC| Technology Politics

Malaysia is moving to tighten oversight on semiconductor shipments following U.S. pressure to prevent high-end AI chips from reaching China, according to the Financial Times. The United States has raised concerns that...

WuXi Biologics Clinches Eighth CDMO Leadership Award with Breakthroughs in Biologics Manufacturing

Mar 24, 2025 08:09 am UTC| Technology Business

WuXi Biologics (2269.HK), a leading global CRDMO, has once again earned top recognition at the 2025 CDMO Leadership Awards, securing wins in the Biologics Global category. It also received accolades for Best Scientific...

China Backs Viral AI Startup Manus Amid Global Buzz and Domestic Rollout

Mar 22, 2025 04:51 am UTC| Technology Business

Chinese AI startup Manus is gaining momentum after registering its AI assistant Monica for domestic release and receiving its first feature on state broadcaster CCTV. This signals growing support from Beijing as it looks...

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Economy

U.S.–Taiwan Trade Deal Spurs $500 Billion Semiconductor Investment in America

A new U.S. trade deal with Taiwan is set to significantly reshape the global semiconductor landscape, with massive investments aimed at strengthening chip manufacturing in the United States. According to Commerce Secretary...

Dollar Holds Firm as Strong U.S. Data Dims Fed Rate Cut Hopes

The U.S. dollar remained resilient on Friday, positioning itself for a third consecutive weekly gain as stronger-than-expected U.S. economic data reduced market expectations for near-term Federal Reserve rate cuts. The...

IMF Chief Signals New $8.1 Billion Ukraine Aid Program After Surprise Kyiv Visit

International Monetary Fund Managing Director Kristalina Georgieva made a surprise visit to Kyiv on Thursday, signaling continued global financial support for Ukraine as the war with Russia drags on. Speaking to Reuters,...

Oil Prices Steady in Asia as Iran Tensions Ease and Venezuelan Supply Returns

Oil prices were mostly steady during Asian trading on Friday, following a sharp selloff in the previous session that erased most of the gains recorded earlier in the week. The stabilization in crude markets came as...

Wall Street Futures Steady as Tech Stocks Rally on TSMC Earnings, Banks Support Markets

U.S. stock index futures stabilized on Thursday evening after a strong rebound in technology stocks helped Wall Street snap a two-day losing streak. The recovery was driven largely by blockbuster earnings from Taiwan...

Politics

Schumer Urges Trump to Halt ICE Raids, Citing Fear in U.S. Cities

U.S. Senate Democratic Leader Chuck Schumer sharply criticized Immigration and Customs Enforcement operations during a meeting with President Donald Trump on Thursday, warning that ongoing ICE raids in major U.S. cities...

Trump Pushes Gaza Demilitarization Deal With Backing From Egypt, Turkey, and Qatar

U.S. President Donald Trump said on Thursday that Egypt, Turkey, and Qatar are backing his push for a comprehensive demilitarization agreement with Hamas, as Washington moves forward with the next phase of its plan to end...

Trump Backs Palestinian Technocratic Government to Lead Gaza Transition

U.S. President Donald Trump announced on Thursday that he is supporting the establishment of a newly appointed Palestinian Technocratic Government to oversee the administration of Gaza during a transitional period, a...

US Imposes 25% Tariff on High-End Semiconductors as Phase One Move

The United States government has announced a 25% national security tariff on certain high-end semiconductors, marking what officials describe as a phase one step in a broader strategy to protect and strengthen the domestic...

U.S. Warns All Options Remain on Table as Iran Protests Dominate U.N. Security Council Debate

The United States has reiterated its strong support for the brave people of Iran amid ongoing anti-government protests, warning that all options remain on the table to halt what it describes as a violent crackdown by...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement

Major publishing companies Hachette Book Group and Cengage Group have formally asked a California federal court for permission to intervene in a proposed class action lawsuit against Google, intensifying the ongoing legal...

China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO

Chinas artificial intelligence capabilities are rapidly catching up to those of the United States and other Western nations, according to Demis Hassabis, CEO of Google DeepMind. Speaking on a CNBC podcast, Hassabis said...

xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny

Elon Musks artificial intelligence company xAI announced new restrictions on its Grok AI chatbot after the platform generated sexualized and manipulated images that raised alarms among regulators worldwide. The move comes...

TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker and a critical supplier to Nvidia and Apple, is expected to deliver a record-breaking fourth-quarter profit, driven by surging global...

U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China

U.S. lawmakers and former national security officials are voicing strong concerns over President Donald Trumps decision to allow Nvidia to resume sales of its advanced H200 artificial intelligence chips to China, warning...