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Taiwan Blocks Uber's $950 Million Foodpanda Acquisition

Uber Technologies Inc.'s plan to acquire Delivery Hero SE's Foodpanda business in Taiwan for $950 million has been blocked by Taiwan's Fair Trade Commission (FTC), reports Bloomberg. The FTC, citing concerns about reduced competition in the food delivery market, rejected the deal on Wednesday.

AI Smartphones Could Fuel Chip Demand Even as Data Center Spending Cools: Nvidia Supplier

The rapid growth of artificial intelligence is creating a dynamic two-sided demand for semiconductors, with data centers and AI-powered smartphones emerging as key drivers. However, the global chip industry is bracing for potential turbulence as data center investment cycles mature, according to Doug Lefever, CEO of Advantest, a leading supplier

Ant Group Splits Alipay into Two Units in Latest Restructuring Move

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

Europe's AI Boom: 25% of VC Funding Flows to AI Startups

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

Google Using Anthropic's Claude to Benchmark Its Gemini AI

Google is reportedly using Anthropic's AI model, Claude, to compare and evaluate the performance of its own advanced AI model, Gemini, according to internal correspondence reviewed by TechCrunch. This revelation raises questions about potential violations of Anthropic's terms of service and industry best practices regarding AI

Iran Lifts Ban on WhatsApp and Google Play

Iranian authorities have lifted their ban on Meta's WhatsApp and Google Play, marking a significant easing of internet restrictions in the country, as reported by Reuters. This move comes as the Iranian government seeks to curb widespread public dissent, often fueled by online communication. The Islamic Republic, known

Amazon Crackdown: Chinese Sellers Banned from Undercutting on Temu

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

Apple Intervenes in DOJ Antitrust Suit Against Google Over Search Revenue

Apple has asked to participate in the US Department of Justice's antitrust trial against Google, arguing that it cannot rely on Google to adequately defend revenue-sharing agreements that generate billions of dollars annually for Apple, as reported by Reuters. The DOJ lawsuit, a landmark case potentially reshaping online
Apple Intervenes in DOJ Antitrust Suit Against Google Over Search Revenue

Salesforce Poaches Pharma Clients from Veeva, Signaling Industry Battle

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

TSMC Shares Hit Record High on AI Boom, Poised for Best Year Since 1999

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, saw its shares reach a record high on Tuesday, Bloomberg reports. This surge positions the company for its best annual stock performance in 25 years. TSMC shares climbed as much as 1.4% in Taipei on Tuesday, surpassing