Tech News

Shares of Nvidia (NVDA.O) surged nearly 7% on Tuesday, breaking a three-session slump that had wiped out approximately $430 billion from the AI chipmaker’s market value. Nvidia’s shares closed at $126.09, recovering from a decline of around 13% from their June 18 close of $135.58. This drop followed a rally that intensified after a 10-for-1 …

Nvidia shares jumped nearly 7%, recovering after a $430 billion market drop. Read More »

Social media platform Reddit (RDDT.N) announced on Tuesday that it will update a web standard used on the site to block automated data scraping, following reports that AI startups were circumventing the rule to gather content for their systems. This decision comes amid growing accusations against AI firms for plagiarizing content from publishers to generate …

Reddit plans to update web standards to prevent automated website scraping Read More »

Tencent Holdings Ltd’s (0700.HK) newly launched game, “Dungeon & Fighter” (DnF Mobile), has made a powerful debut, dominating top-grossing charts on Apple’s (AAPL.O) iOS platform in China for nearly a month, according to industry data. Released in the world’s largest gaming market on May 21, the game surpassed $100 million in revenue within just 10 …

Tencent’s ‘Dungeon & Fighter’ game leads China’s mobile download rankings Read More »

EU antitrust regulators accused Apple (AAPL.O) on Monday of violating tech rules under the Digital Markets Act (DMA), marking the first charge of its kind. Apple also faces scrutiny over new fees imposed on app developers. The European Commission, responsible for antitrust and tech regulation in the EU, sent preliminary findings to Apple following a …

Apple faces charges of violating EU tech regulations and is under investigation again. Read More »

Dutch technology investor Prosus (PRX.AS) reported an 84% surge in core headline earnings for the fiscal year ending March 31, driven by robust performance in its e-commerce operations, the company announced on Monday. Core headline earnings reached $5.0 billion, up from $2.7 billion the previous year. “Our e-commerce portfolio has achieved profitability for the first …

Prosus reports an 84% increase in full-year core headline earnings Read More »

The EU plans additional measures against Apple (AAPL.O) on Monday regarding the company’s adherence to the Digital Markets Act, stated Commissioner Thierry Breton in a post on X. Breton remarked, “For too long @Apple has stifled innovative companies — limiting consumer choices and opportunities.”

Meta Platforms (META.O) is reportedly exploring the integration of its AI model into Apple’s (AAPL.O) newly announced iPhone AI system, according to a Wall Street Journal report on Sunday. Apple, meanwhile, is planning to incorporate technologies from various AI firms into its devices, including potential collaborations with Alphabet’s (GOOGL.O) Google. Discussions with AI startup Anthropic …

Apple and Meta have explored a potential AI partnership, according to a report by the Wall Street Journal. Read More »

Singapore-based semiconductor firm Silicon Box is planning to select the town of Novara in the industrialized northwest Piedmont region for its new multibillion-euro chip factory in Italy, according to two sources familiar with the matter who spoke to Reuters on Thursday. The three-year-old startup, founded by the creators of U.S. chipmaker Marvell (MRVL.O), intends to …

Sources say Silicon Box plans to choose Piedmont for a $3.4 billion Italian chip plant. Read More »

Amazon (AMZN.O) is planning a significant overhaul of its decade-old, unprofitable Alexa service to incorporate a conversational generative AI, offering two service tiers and considering a monthly fee of around $5 for access to the premium version, according to sources familiar with the company’s plans. Internally referred to as “Banyan,” a nod to the extensive …

Amazon considers charging a monthly fee of $5 to $10 for its unprofitable Alexa service amid AI overhaul Read More »

TikTok and its Chinese parent company ByteDance urged a U.S. court to overturn a law that could lead to TikTok being banned in the United States by January 19. The law, signed by President Joe Biden in April, requires ByteDance to sell TikTok’s U.S. operations or face a ban. ByteDance argues that selling TikTok’s U.S. …

TikTok warns of an imminent US ban in the absence of a court order halting the law Read More »