Naphjas Inc. |

22 Mar Microsoft to pay Inflection AI US$650 million after hiring most of staff, including founders

Posted at 05:45h in Asia

Microsoft has agreed to pay Inflection AI US$650 million, largely to license its artificial intelligence software, alongside its move earlier this week to hire much of the start-up’s staff, according to a person familiar with the transaction.Microsoft stunned the AI world on Tuesday with an...

22 Mar Chinese chip maker SMIC ‘potentially’ broke US law to make Huawei’s 7-nm smartphone processor, lawmaker says

Posted at 04:39h in Asia

Under Secretary of Commerce for Industry and Security Alan Estevez was questioned about the 7-nanometre processor that SMIC made for Huawei during testimony before lawmakers Thursday. When asked by Foreign Affairs Committee Chairman Michael McCaul whether SMIC violated US controls, Estevez said “potentially, yes”.“We’ll assume...

22 Mar Russia’s car tycoons look to China for a lifeline to restart production in bid to nurture Europe’s biggest vehicle market

Posted at 04:02h in Asia

“I have a feeling they overestimated a bit their capabilities,” Sergey Burgazliev, a Russian-based independent consultant with more than 20 years of experience in the auto industry, said about the assets Art-Finance and Avtodom bought. For Chinese carmakers, exporting finished vehicles from the Asian nation...

22 Mar Hong Kong stocks slump after weak earnings from Ping An and Li Ka-shing’s listed firms

Posted at 02:46h in Asia

Hong Kong stocks dropped by the most in two weeks and the benchmark gave up all its gains for the week, after a slew of disappointing earnings results from bellwether companies halted a rally triggered by a dovish US Federal Reserve.The Hang Seng Index fell...

22 Mar Singapore keeps crown as Asia’s top financial centre, outranks Hong Kong on all factors of competitiveness: GFCI report

Posted at 02:00h in Asia

Singapore continues to outrank Hong Kong – albeit by a single point – as the top financial centre in Asia, according to the latest edition of the semi-annual Global Financial Centres Index (GFCI).Singapore and Hong Kong rank third and fourth behind New York and London...

21 Mar Transition finance seen as a crucial tool in the fight against climate change in Asia

Posted at 23:30h in Asia

There is a US$4 trillion funding gap compared with the US$5 trillion annual investment the world needs to make by 2030 to reach the Paris Agreement’s ambition to contain global warming at 1.5 degrees Celsius by achieving net zero carbon emissions by 2050, the International...

21 Mar Chinese Big Tech firms from Tencent to Kuaishou tout advancing generative AI models in race to catch up

Posted at 23:01h in Asia

The KwaiYii LLM from Kuaishou, a top Chinese short-video platform operator, has “significantly surpassed GPT-3.5 in overall performance … and is approaching the levels of GPT-4 in certain metrics”, said Cheng Yixiao, company founder and CEO, during its post-earnings call on Wednesday. 01:45Chinese AI-generated cartoon series...

21 Mar This layoff could have been an email. Is there a good way to lose your job as a remote worker?

Posted at 18:55h in Canada

Is there a good way to lay off a remote worker? Four years after remote work became the norm for a huge section of the labour force, it appears some companies are still struggling with the etiquette of letting someone go virtually. And amid a gradually cooling labour...

21 Mar U.S. government sues Apple for smartphone antitrust violations

Posted at 15:53h in Canada

The U.S. Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of "unlawful exclusionary behaviour" by engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation.The lawsuit, filed in federal court in New Jersey, alleges that...

21 Mar Domestic chip tool companies take centre stage at Semicon China with US counterparts largely absent amid tech war

Posted at 14:00h in Asia

US chip equipment companies are largely absent from the 1,100-exhibitor list at this week’s Semicon China, one of the country’s largest semiconductor industry events, as the China-US tech war continues to swirl.Although major US chip tool companies Lam Research and Applied Materials have sponsored Semicon...

Author: admin