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OpenAI to pay Amazon US$38 billion in 7-year cloud services deal

OpenAI has signed a seven-year, US$38 billion deal to buy cloud services from Amazon.com, in its first big push to…

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New Business

With US-China tensions back on the upswing, is the TikTok deal at risk?

A tentative deal for the management of Chinese short video app TikTok in the United States is facing new pressure…

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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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Opinion | Why the clock is ticking on the Fed-fuelled AI bubble

The AI bubble is entering extra time by walling in money and sharing it among key players. As profitable firms…

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New Business

Tesla’s Elon Musk becomes first person to hit US$500 billion net worth, Forbes list shows

Tesla CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of US$500 billion, propelled…

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New Business

Stock bulls everywhere beware: the US market rally narrative is loaded with risks

Bullish sentiment towards stocks is rampant in the US, as one Wall Street strategist after another raises their target for…

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New Business

Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave…

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New Business

TikTok’s fate still in limbo as Trump extends deadline to sell platform’s US operations

The fate of short video app TikTok in the United States remains in limbo, according to analysts, even as the…

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New Business

White House to discuss TikTok sale in meeting on Wednesday ahead of Saturday deadline

US President Donald Trump would consider on Wednesday a final proposal related to TikTok ahead of an April 5 deadline…

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New Business

Apple chip engineer returns to China, joins Fudan University amid push for talent

A former Apple chip engineer from China has left the US tech giant to join China’s prestigious Fudan University in…

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