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New Business

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

Nvidia-Google AI chip rivalry escalates on report of Meta talks

Meta Platforms is in talks to spend billions on Google’s AI chips, according to a report by The Information, adding…

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New Business

Anthropic commits US$50 billion to build AI data centres in US

Anthropic plans to spend US$50 billion to build custom data centres for artificial intelligence work in several US locations, including…

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New Business

Moonshot’s Kimi K2 soars in popularity amid experts’ praise for Chinese AI developments

The launch of the Kimi K2 artificial intelligence model by Alibaba Group Holding-backed Moonshot AI has drawn rapid uptake amid…

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New Business

Top OpenAI talent from China joins Meta as Zuckerberg bolsters AI team in tech battle

The expertise of Chinese researchers in artificial intelligence (AI) is in the spotlight, as US tech giant Meta Platforms has…

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New Business

Meta in talks over potential $10b investment in AI firm Scale AI, says Bloomberg

Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI,…

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New Business

Apple aims to launch smart glasses in 2026 in push into AI devices to rival Meta, OpenAI

Apple is aiming to release smart glasses at the end of next year as part of a push into artificial…

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New Business

Hong Kong stocks surge on trade-talk optimism, US gains by tech giants

Hong Kong stocks rose on Friday, boosted by optimism surrounding potential trade talks between China and the US, as well…

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New Business

Why are European luxury brands caught in China-US trade war crossfire?

People working in the fashion industry in Paris are wondering how they managed to get caught in the crossfire of…

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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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