China’s Ministry of Commerce says it will conduct a review and investigation into Meta’s acquisition of Manus regarding export controls and technology exports, confirming an earlier report by the Post. Spokesperson He Yadong said at a briefing on Thursday that the ministry would work with other Chinese regulators to check whether the deal, announced by…
Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well…
Hong Kong recorded a 20 per cent increase in online investment scams in the first 10 months of the year, with victims losing HK$3.08 billion (US$395.9 million), according to police. Theodora Lee Wai-see, a superintendent with the force’s Anti-Deception Coordination Centre, also revealed that 83 per cent of all fraudulent messages were disseminated through Meta-owned…
The race to develop artificial intelligence has pushed governments and technology giants to build new electricity plants and upgrade their decades-old grid networks, creating significant opportunities for Chinese power equipment companies, according to analysts. Chinese firms have been benefiting from the spillover of a US order boom, which was driven by US President Donald Trump’s…
US tech majors Apple, Amazon, Cisco, Meta, HP, and Intel Corporation have jointly opposed Reliance Jio and Vodafone Idea‘s demand to allocate spectrum in the 6 gigahertz (GHz) band for mobile services. The tech majors sought the entire 6GHz band to be allocated for wifi services instead. In a joint response to telecom regulator Trai’s…
French President Emmanuel Macron said on Tuesday that Europe does not want to be a “vassal” that is dependent on US and Chinese tech companies, calling for a “European preference” in the sector. “Europe doesn’t want to be the client of the big entrepreneurs or the big solutions being provided either from the US or…
In the world of online resale, Facebook Marketplace is often overlooked amid the plethora of other platforms focused on distanced selling, but Marketplace is a hugely popular platform for the trading of secondhand goods — particularly for deals done locally. In fact, every day, one of out every four of Facebook’s 250 million daily active…
What’s happened? Meta has announced a new messaging feature for Whatsapp users that will allow people to chat with users of third-party messaging apps. This update is part of compliance with the Digital Markets Act (DMA) in Europe, which requires interoperability. The rollout begins with two partner services, BirdyChat and Haiket, which will support text,…
“It’ll happen slowly, and then all at once.” That’s how Jim Morrow, founder and chief investment officer of Callodine Capital, describes the eventual – inevitable – unwinding of what he calls “the most crowded trade in history.” Of course, he isn’t just paraphrasing Ernest Hemingway—he’s talking about the AI race, and the trillion-dollar deals so…
Crafting a perfect prompt for AI chatbots is often a challenge — so much so that startups are creating roles for prompt engineers. Consumer-facing AI apps are increasingly adding features like suggestion buttons or autogenerated recommendations to nudge customers to use the chatbot more frequently and show them about what the app can do. Hero,…