TikTok to Shut Down US Operations on Sunday

TikTok is preparing to cease US operations this Sunday, Reuters reported on Wednesday, unless a last-minute intervention from President-elect Donald Trump prevents the ban from taking effect. The impending shutdown, mandated by a federal law signed in April, follows a Supreme Court hearing last week where justices appeared poised to

Microsoft Creates New AI Engineering Division, Taps Facebook Veteran Parikh

Microsoft has appointed Jay Parikh, a former Facebook infrastructure expert, as executive vice president of its new AI engineering division, reports Bloomberg. Parikh, who joined Microsoft last fall, will report to CEO Satya Nadella and oversee several key AI-related groups. Parikh's new role involves leading teams responsible for

Chipmakers Cut Investment Plans as AI Drives Growth

The global semiconductor industry is facing a slowdown in investment as demand weakens in key markets like smartphones and electric vehicles, Nikkei Asia reports. While AI applications continue to drive growth, overall capital expenditure is expected to fall. The 10 largest global chipmakers have reduced their collective capital spending plans

Arm Aims to Hike Prices, Develop Its Own Chips to Compete with Customers

Arm Holdings, the technology supplier to major chip companies, is pursuing an aggressive long-term strategy to significantly increase its royalty rates and even develop its own chips, Reuters reports, citing court documents and testimony from a recent trial. This move marks a shift for the British firm, which has traditionally

Apple Battles $1.8 Billion App Store Lawsuit in UK's First Tech Giant Class Action

Apple is facing a significant legal challenge in the UK, where a mass lawsuit alleges that the tech giant abused its dominant position in the App Store, costing British consumers billions. This case, as reported by Reuters, is currently underway in London's Competition Appeal Tribunal, and marks the

Biden Administration Unveils Strict Chip Controls to Curb China's AI Progress

In a move aimed at slowing China's technological advancement, the Biden administration has unveiled new technology export restrictions designed to prevent China from accessing advanced chips and AI technologies through third countries, Nikkei Asia reports. These rules, which will be enforced after a 120-day comment period unless the

TSMC's Q4 Profit to Soar 58% on AI Chip Demand: Reuters

Taiwan Semiconductor Manufacturing Co (TSMC), the world's leading producer of advanced chips used in AI applications, is expected to report a substantial surge in fourth-quarter profit, as reported by Reuters. The company's earnings call, scheduled for Thursday, will reveal the results. Analysts surveyed by LSEG predict

Apple's iPhone Sales Stumble as AI Lag Hurts China Market Share

Apple Inc. experienced a 5% decline in global iPhone sales during the last quarter of 2024, losing ground to Chinese rivals, according to Bloomberg. This slowdown coincides with the absence of Apple's AI features in China, its largest market outside the US. For the full year, Apple saw

Nvidia Condemns Biden's Reported AI Chip Export Restrictions: Reuters

Nvidia has criticized a reported Biden administration plan to restrict exports of artificial intelligence chips, arguing that the outgoing president should not enact such a policy before President-elect Donald Trump takes office. In an emailed statement to Reuters, Nvidia Vice President Ned Finkle warned that the restrictions would harm the

Infosys Fires Back at Cognizant, Accusing Rival of Anti-competitive Practices

India's Infosys has filed a counterclaim against Cognizant in a Texas federal court, alleging anti-competitive behavior and executive poaching, Reuters reports. The move comes after Cognizant subsidiary TriZetto sued Infosys last August for alleged trade secret theft. Infosys accuses Cognizant of using anti-competitive tactics such as contractual clauses