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Shares of Nvidia plunged by 17% on Monday, wiping nearly $600 billion from the chipmaker's market value, a record one-day loss for any company.
American billionaires and tech giants are falling over each other to get their bids in for TikTok
Little-known China startup allegedly spent $5.5 million, and used sub-optimal Nvidia chips, on an AI model that rates with the best created by US tech giants; this caused Nvidia and other tech shares to sink
Musk is a rival of OpenAI's Sam Altman and is in an ongoing lawsuit with OpenAI. He alleges the ChatGPT-maker put profits and commercial interests ahead of the public good
WTO director-general Ngozi Okonjo-Iweala warned that tariffs of 25% or 60% could trigger tit-for-tat reprisals that return the world to the economic crisis of the 1930s
Tech giant, which owns TikTok, but may soon be permitted its sell its US arm, will spend half of that amount abroad on AI-related infrastructure, such as data centres and networking equipment, sources say
Trump announced the deal with OpenAI's Sam Altman, SoftBank CEO Masayoshi Son and Oracle founder Larry Ellison, saying it is the "largest AI infrastructure project in history"
Trump has ordered US agencies to review US trade deficits, unfair trade practices and currency manipulation; fentanyl is also a hot topic.
Before we head into Donald Trump’s first full day in office on Tuesday, here’s a look at what his first day back as president meant for technology, climate and markets
Currency traders and stock markets have been rocked by Trump's return to the White House, which has brought joy and disappointment. Investors are still trying to envision how things will play out
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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