Malaysia and China forge groundbreaking AI, cloud tech partnerships

Malaysia and China forge groundbreaking AI, cloud tech partnerships

Several Malaysian and Chinese technology companies and educational institutions will join forces in artificial intelligence (AI), cloud computing, and next-generation digital infrastructure. Six memoranda of understanding (MoUs) were exchanged earlier today, marking a significant chapter in digital collaboration involving major tech players and academic hubs from both nations. The event also underscores the commitment of…

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Alibaba’s US$52 billion capex seen as catalyst for China’s Big Tech in AI race

Alibaba’s US$52 billion capex seen as catalyst for China’s Big Tech in AI race

Alibaba Group Holding is spearheading China’s Big Tech sector in the race for global leadership in artificial intelligence (AI) technology and infrastructure with its spending plan, competing with US giants like Apple and Microsoft for first-mover advantage, analysts said. The e-commerce leader’s 380 billion yuan (US$52.4 billion) capital expenditure for computing resources and AI infrastructure…

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Apple Pulls iPhone Security Feature in UK

Apple Pulls iPhone Security Feature in UK

Two years after Apple introduced an encrypted storage feature for iPhone users, the company is pulling those security protections in Britain rather than comply with a government request that it create a tool to give law enforcement organizations access to customers’ cloud data. Starting on Friday, iPhone users in Britain will begin seeing a message…

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Amazon Shares Plunge as Cloud Growth Slows and Q1 Revenue Forecast Misses

Amazon Shares Plunge as Cloud Growth Slows and Q1 Revenue Forecast Misses

Amazon.com (AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain…

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Amazon (AMZN) Q4 earnings report 2024

Amazon (AMZN) Q4 earnings report 2024

Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped more than 5% in extended trading. Here’s what the company reported compared with what Wall Street was expecting: Earnings per share: $1.86 vs. $1.49 expected, according to LSEG Revenue: $187.79 billion vs. $187.30…

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Alibaba named most admired Chinese internet firm by Fortune amid race with DeepSeek

Alibaba named most admired Chinese internet firm by Fortune amid race with DeepSeek

Alibaba Group Holding has been named the world’s most admired Chinese internet and retail company, according to the latest rankings by US business magazine Fortune, as the technology giant unveils an artificial intelligence (AI) model aimed at competing with China’s hottest start-up, DeepSeek. The Hangzhou-based company, owner of the South China Morning Post, came third…

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S&P 500: Palantir Will Be One Of 2025's Worst 10 Stocks: Analysts

Palantir Stock Shoots Higher Ahead Of Q4 Report; Google, Amazon Headline Busy Week Of Tech Reports

It didn’t take long for Palantir stock to rally back near highs after a quick pullback to the 50-day moving average. Palantir Technologies (PLTR) headlines another busy week of earnings in the technology sector, along with Amazon.com (AMZN), Google parent Alphabet (GOOGL) and Fortinet (FTNT). Other top-performing growth stocks on the earnings calendar include Apollo…

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