Shares in Semiconductor Manufacturing International Corp. rose sharply in Hong Kong on its better-than-expected quarterly results and rosy guidance, signaling a stronger recovery in demand.
SK Hynix second-quarter net profit rose sharply, keeping up the momentum of its first-quarter turnaround on AI-fueled demand for advanced computer chips.
The company’s strategy to set prices low for Echo speakers and other smart devices, expecting them to generate income elsewhere in the tech giant, hasn’t paid off.
OpenAI released a smaller and cheaper version of the technology that powers ChatGPT, part of an industry shift toward more efficient artificial-intelligence models.
Beijing’s support has seen China make up ground in the artificial-intelligence race but it has also handcuffed AI companies with some of the world’s tightest restrictions, many of them political.
The bloc said it identified three grievances over X’s content practices, which could lead to a fine of up to 6% of the company’s total worldwide annual revenue.
U.S. Republican lawmakers are citing concerns about the transfer of advanced technology and possible ties the Abu Dhabi-based company may have with China.
The total amount of awards received by the country’s top national security startups represents less than half of what venture capitalists have invested.
The judge said the lawsuit by two ex-Twitter employees incorrectly claimed the company’s severance plan was governed by a federal law dictating minimum payment thresholds.
The bloc said the iPhone maker’s decision to let third parties use the technology behind its Apple Pay app addressed concerns that it was stifling competition.
Apple says it will soon introduce generative artificial intelligence to its new iPhones. Its chief smartphone rival offers clues on how the experience might go.