Quantum computing stocks took a hit Wednesday, Reuters reports, after Nvidia CEO Jensen Huang predicted the technology is still two decades away from practical use. This statement contrasts with the significant gains these stocks have seen over the past year, fueled by a high-profile breakthrough in the technology at Google

Malaysian Prime Minister Anwar Ibrahim announced Malaysia's ambition to become a regional hub for energy and chip manufacturing, Reuters reports. The country is leveraging its strategic location and recent economic growth to attract investment and diversify supply chains. Prime Minister Anwar attributed Malaysia's economic rebound to

The cost of producing Apple's A-series chips has skyrocketed, with TSMC now charging $18,000 for a 3nm wafer, more than triple the price of a 28nm wafer a decade ago, reports Tom's Hardware, citing industry analyst Ben Bajarin. This price hike reflects the significant advancements

Salesforce is aggressively pursuing the pharmaceutical industry, aiming to disrupt Veeva Systems' dominance in customer relationship management (CRM) software, reports Bloomberg. The move comes after Veeva, a former partner, ended a long-standing non-aggression agreement, opening the door for Salesforce to compete directly. Salesforce executive vice president Jeff Amann revealed

Meta, under the leadership of Mark Zuckerberg, is aggressively pursuing an AI-first strategy, investing billions of dollars in research and development to integrate AI into its core products and services, as reported by CNBC. This strategic shift, announced in April 2024, initially caused a dip in Meta's stock

Meta's decision to eliminate its third-party fact-checking program and replace it with a user-generated system, similar to Twitter's new approach, has raised eyebrows and sparked speculation about the company's motives, The Hill reports. The move comes as President-elect Donald Trump prepares to return to

A Russian court has fined TikTok three million rubles (approximately $28,900) for violating Russian legal restrictions on information dissemination, as reported by Reuters. The Moscow courts' press service confirmed the fine on Tuesday, but did not specify the nature of TikTok's violations. The court's

Ride-hailing giant Lyft has filed a lawsuit against San Francisco, alleging the city overcharged the company $100 million in taxes over a five-year period. The suit, filed in California Superior Court, claims San Francisco mischaracterized driver compensation as company revenue when calculating tax obligations. Lyft argues that San Francisco'

India's data center capacity is poised for significant growth, more than doubling in the next three years, as reported by The Week, citing a CRISIL research. This surge is driven by soaring data consumption fueled by consumer demand and substantial industry investments in cloud and storage infrastructure. Currently

ClearBank has announced that its cloud-native banking solutions and payment infrastructure are now available on the Microsoft Azure Marketplace, according to Yahoo Finance. This move will allow all Azure customers to access ClearBank's services, representing a significant growth opportunity for the company. "This latest move further strengthens

Amazon Web Services (AWS), the dominant force in cloud computing, experienced a significant executive turnover in 2024, according to CRN. Despite recording record revenue and profitability, the company saw the departure of several key figures, including former CEO Adam Selipsky and veteran AI innovator Matt Wood. AWS, currently commanding 31

Alibaba Group Holding Ltd. is merging its South Korean operations with E-Mart Inc.'s e-commerce platform in a joint venture valued at approximately $4 billion, according to a stock exchange filing by E-Mart and a report by Bloomberg. The 50-50 joint venture, combining AliExpress International and Gmarket, aims to

Ant Group, the fintech giant affiliated with Alibaba Group Holding, is splitting the business group of its mobile payment platform Alipay into two units, in its latest corporate restructuring move aimed at driving new growth, according to the South China Morning Post. The company will establish the Digital Payment Business

Amazon has instructed some Chinese cross-border merchants to cease offering their products at lower prices on rival platform Temu, according to multiple sellers cited by the South China Morning Post. This move comes amidst escalating competition from Temu, a budget retailer owned by Chinese e-commerce giant PDD Holdings. Sellers indicate

Ant Group, the fintech giant affiliated with Alibaba Group Holding, is splitting the business group of its mobile payment platform Alipay into two units, in its latest corporate restructuring move aimed at driving new growth, according to the South China Morning Post. The company will establish the Digital Payment Business

European AI startups are experiencing a surge in funding, attracting a significant portion of venture capital investment in the region despite overall flat venture funding, according to a report by TechCrunch, citing data from VC firm Balderton Capital and Dealroom. This year, AI startups secured 25% of Europe's

Emmett Shear, former CEO of Twitch, is venturing into the world of artificial intelligence with a new stealth startup called Stem AI, reports TechCrunch. Public documents reveal that the company was incorporated in June 2023 and filed for a trademark in August of the same year. Shear is listed as