In what can be called a major blow to Mark Zuckerberg’s AI ambitions, Chinese regulators have officially blocked Meta Platforms from acquiring AI startup Manus. This comes days after a report claimed that China has ordered its leading artificial intelligence (AI) companies to stop accepting American capital as Beijing aims to prevent sensitive AI breakthroughs…
As the artificial intelligence (AI) revolution enters its fourth year, demand for AI-capable chips continues at a blistering pace, yielding more than a few winners. While Nvidia controls the biggest share of the data center graphics processing unit (GPU) market, Advanced Micro Devices (NASDAQ: AMD) has no plans to cede the opportunity to its larger…
Earnings season is in full swing. So far, Meta Platforms (NASDAQ: META) and Taiwan Semiconductor Manufacturing (NYSE: TSM) have stood out from the pack for their strong performance. The common theme? Artificial intelligence (AI) has presented remarkable growth opportunities, and both companies are effectively hitting it out of the park. As these businesses continue to…
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…
The more than US$2 billion acquisition of agentic AI start-up Manus by US social media giant Meta Platforms could face scrutiny from Beijing over technology export controls, experts warn. The sale of Manus, a Singapore-based but Chinese-founded AI agent developer, could raise compliance questions around Beijing’s technology export regime, and expectations that the company can…
The more than US$2 billion acquisition of agentic AI start-up Manus by US social media giant Meta Platforms could face scrutiny from Beijing over technology export controls, experts warn. The sale of Manus, a Singapore-based but Chinese-founded AI agent developer, could raise compliance questions around Beijing’s technology export regime, and expectations that the company can…
Today, Nvidia Corporation (Nasdaq: NVDA) became the first company to cross the $5 trillion valuation—in premarket trading, at least. It marks a major milestone in stock market history and suggests that once other unthinkable valuations are within reach. But Nvidia isn’t the only company breaking a trillion-dollar threshold. Fellow tech giants like Apple, Meta, and…
TOKYO (AP) — Asian shares were mixed on Tuesday, with Chinese markets gaining as investors watch to see what might come of a planned meeting between President Donald Trump and China’s top leader. Hong Kong’s Hang Seng edged 0.1% higher to 26,451.08 and the Shanghai Composite index gained 0.2% to 4,005.44, its highest level in…
The Ronald Reagan Presidential Foundation and Institute is drawing a volatile mix of blowback and praise for arguing that a Canadian government advertisement playing in U.S. markets misrepresented the 40th president’s words to blast President Donald Trump’s tariff policies. It is not clear how the California-based Reagan Foundation decided to enter the fray over the…
OpenAI is releasing a stand-alone social app for making and sharing artificial intelligence-generated videos with friends, an attempt to supercharge adoption for the emerging technology just as ChatGPT did for chatbots three years ago. The free Sora app, available from Tuesday by invitation, is powered by a new version of OpenAI’s video-making software of the…