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Meta plans budget cuts as high as 30% to its metaverse efforts in 2026

Meta Platforms CEO Mark Zuckerberg is expected to cut resources for building the so-called metaverse, an effort that he once…

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New Business

China’s lesson for the US: it takes more than chips to win the AI race

When Alibaba Group Holding’s CEO Eddie Wu Yongming took the stage at the company’s annual Apsara conference in Hangzhou on…

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New Business

Behind Trump’s South Korea deal, a plan to transform global shipbuilding

South Korea has pledged US$150 billion to help its shipbuilders enter the US market as part of its new trade…

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New Business

Opinion | Labubu’s rise reflects hitmaker ability of China’s digital ecosystem

The global frenzy around China’s Labubu, the candy-coloured monster character with the mischievous smile adorning bags, desks, streets and social…

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New Business

TikTok ‘continues to work with’ VP Vance on deal as its US fate hangs in the balance

TikTok, the popular short video app owned by China’s ByteDance, thanked US President Donald Trump, while stating it was still…

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New Business

Chinese esports giant NIP eyes global expansion with Abu Dhabi expansion

As Chinese esports giant NIP Group plans to establish a global headquarters in the Middle East, co-founder Hicham Chahine is…

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New Business

Meta tests first in-house AI training chip, produced by TSMC, to cut reliance on Nvidia

Facebook owner Meta Platforms was testing its first in-house chip for training artificial intelligence (AI) systems, a key milestone as…

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New Business

Meet DeepSeek: the Chinese start-up that is changing how AI models are trained

Chinese start-up DeepSeek has emerged as “the biggest dark horse” in the open-source large language model (LLM) arena in 2025,…

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New Business

Tech giants Meta, TikTok, Google slam Australia’s under-16 social media ban

Global tech giants – including Meta Platforms, ByteDance-owned TikTok and Google – have heavily criticised Australian legislation to ban children…

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Tech

Warren Buffett’s Berkshire Hathaway tops US$1 trillion, joining tech firms, Apple, Nvidia

The market value of Berkshire Hathaway surpassed US$1 trillion on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett…

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