Foxconn sees AI driving strong server demand, but full year to be flat
TAIPEI Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server
2023-05-31 11:58
Wanda Weighs Selling Payments Permit for About $141 Million
Dalian Wanda Group Co. is in talks with prospective buyers including ByteDance Ltd. for its Chinese payments unit,
2023-05-31 11:47
Elon Musk’s private jet lands in China for what would be billionaire’s first visit in three years
A private jet used by Elon Musk arrived in Beijing on Tuesday afternoon, shortly after it was confirmed that the Tesla boss would be visiting China this week for the first time in three years. In response to reports of Mr Musk’s visit, China’s foreign ministry said that the country has always welcomed business people from other parts of the world, including Mr Musk, “to visit and promote mutually beneficial cooperation”. China’s foreign minister Qin Gang said during a meeting with Mr Musk on Tuesday that the country would create a better market-oriented business environment for enterprises from all countries, including Tesla. Mr Qin told the Tesla chief that China would continue to promote high-level opening-up and strive to create a better business environment, according to a statement from the Chinese foreign ministry. The statement noted that Tesla opposed “decoupling” and was willing to continue to expand its business in China. Following Mr Musk’s meet with the Chinese foreign minister, shares of the EV company rose on Tuesday. Tesla’s Shanghai plant accounted for over half of the company’s global production in 2022. Commenting on his China visit, some Twitter users wondered if the self-proclaimed “free speech absolutist” would face questions during his visit about the communist country’s harsh rules around censorship. Mr Musk’s visit also comes when Tesla is dealing with growing competition from Chinese car makers, including the country’s electric vehicle exports. Earlier this month, Bloomberg reported that Tesla is closing in on a trial production of its revamped Model 3 sedan in Shanghai, which the carmaker hopes to compete more closely with rivals in the Chinese market. Ahead of his trip, the SpaceX boss also complimented China’s space programme, calling it “more advanced than most people realise”. Read More Trust and ethics considerations ‘have come too late’ on AI technology Elon Musk tweets quote by neo-Nazi wrongly attributed to Voltaire Elon Musk fires back at Twitter censorship critic: ‘You’re such a numbskull’ Elon Musk’s Neuralink brain chip company gets FDA approval for human testing AOC jokes more people watched her gaming online than listened to DeSantis launch What is Twitter Spaces and why did it go so wrong during DeSantis’s 2024 launch?
2023-05-31 10:52
Chinese tech entrepreneurs keen to 'de-China' as tensions with US soar
By David Kirton SHENZHEN, China For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting
2023-05-31 08:18
Twitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity Says
Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity,
2023-05-31 04:45
What's to know about the Texas prison where Elizabeth Holmes is starting her 11-year sentence?
Disgraced Theranos CEO Elizabeth Holmes has reported to a federal prison in Texas — marking the start of her 11-year sentence for overseeing a notorious blood testing hoax
2023-05-31 03:51
Factbox-Nvidia joins tech titans in trillion-dollar club
Nvidia Corp on Tuesday became the first chipmaker to join Wall Street's trillion-dollar club dominated by technology heavyweights
2023-05-31 02:22
Artificial intelligence raises risk of extinction, experts say in new warning
Scientists and tech industry leaders, including executives at Microsoft and Google, have issued a new warning about the perils that artificial intelligence poses to humankind
2023-05-31 00:24
Nvidia shorts down $4.1 billion in mark-to-market losses since May 24-S3 Partners
NEW YORK Short sellers in shares of Nvidia Corp. were down $4.1 billion in mark-to-market losses over the
2023-05-30 23:52
Chipmaker Nvidia joins exclusive club of companies with a $1 trillion market capitalization
Nvidia has joined the exclusive club of companies with a $1 trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence
2023-05-30 23:48
Artificial intelligence threatens extinction, experts say in new warning
Scientists and tech industry leaders, including executives at Microsoft and Google, have issued a new warning about the perils that artificial intelligence poses to humankind
2023-05-30 23:28
Italy plans state-backed fund to promote AI startups
ROME Italy's government plans to set up an investment fund backed by state lender Cassa Depositi e Prestiti
2023-05-30 20:20