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Musk's X, Google's YouTube Miss Malaysia's Social Media License Deadline

Elon Musk's X and Alphabet Inc.'s Google, which operates YouTube, have not yet applied for social media operating licenses in Malaysia under a new law that came into effect on Wednesday, as reported by Bloomberg, citing information released by the Malaysian Communications and Multimedia Commission (MCMC)

India Delays UPI Market Share Caps, Extending Lifeline to PhonePe and Google Pay

India has delayed the implementation of market share caps for its popular unified payments interface (UPI) by two years, a move that will benefit Google Pay and Walmart-backed PhonePe, as reported by Reuters. The decision, announced Tuesday by the National Payments Corporation of India (NPCI), pushes back the original December

Putin Calls for Deepened AI Cooperation with China

Russian President Vladimir Putin has instructed the government and Sberbank, the country's largest bank, to deepen cooperation with China in the field of artificial intelligence (AI), according to Reuters, citing a report published on the Kremlin's website. The instructions, issued Wednesday, come three weeks after Putin

ByteDance Plans to Spend $7 Billion on Nvidia Chips Despite US Restrictions

ByteDance, the parent company of TikTok, is planning to spend $7 billion on Nvidia chips in 2025, despite ongoing US restrictions on such sales to Chinese companies, reports TechCrunch, citing a report from The Information. If finalized, the purchase will establish ByteDance as a major consumer of Nvidia chips, exceeding

Mexico Raises Tariffs on Goods from China, Targeting Shein and Temu

Mexico's tax authority, SAT, has implemented new tariffs that could significantly impact popular online retailers like Shein and Temu, as reported by Reuters. The new measures, effective January 1, aim to strengthen surveillance of goods from Asia and combat "abusive practices" related to tax evasion. The

Chinese Startup DeepSeek's AI Model Outperforms Meta and OpenAI on a Shoestring Budget

A new large language model (LLM) from Chinese startup DeepSeek has generated significant buzz in the global AI industry, surpassing comparable models from Meta Platforms and OpenAI in benchmark tests. DeepSeek's model, as reported by South China Morning Post, boasts 671 billion parameters and was trained in just
Chinese Startup DeepSeek's AI Model Outperforms Meta and OpenAI on a Shoestring Budget

Samsung Electronics Now Major Shareholder in Rainbow Robotics

Samsung Electronics has become the majority shareholder of Rainbow Robotics, a South Korean robotics company, according to a regulatory filing from Rainbow Robotics, reports Reuters. Samsung acquired a 267 billion won ($181 million) stake in the company, bringing its total ownership to a controlling interest. This move builds upon Samsung&

Nvidia Completes $700 Million Acquisition of Run:ai After Antitrust Scrutiny

Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup announced Monday, following antitrust scrutiny from regulators, as reported by Reuters. The European Commission granted unconditional approval to Nvidia's $700 million bid for Run:ai earlier in December after initially expressing concerns in October that

Goodman Group Soars on Data Center Boom

Goodman Group (GMG.AX), Australia's largest property developer, is experiencing a stellar year, driven by the surging demand for data centers fueled by the artificial intelligence boom, as reported by Reuters. The company's stock has surged 45.8% in 2023, marking its best performance since 2006

TSMC Starts Mass Production at New Japan Fab

Taiwan Semiconductor Manufacturing Co. (TSMC) has commenced mass production of chips at its newly established fabrication plant in Kumamoto Prefecture, Japan, according to SiliconANGLE, citing a report by Kyodo News. The facility, a joint venture with Sony Group Corp. and Denso Corp., marks TSMC's expansion into the Japanese