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TikTok to Invest $3.7 Billion in Thailand Data Center

TikTok is set to invest $3.7 billion in a new data center project in Thailand. The project will host data for affiliate companies, according to the country's Board of Investment (BOI). The investment comes as the video-sharing platform seeks to expand its global presence and capitalize on

Apple's Record Revenue Tarnished by China iPhone Slump

Apple reported record revenues for the October-December period, reaching $124.3 billion, according to Nikkei Asia. However, iPhone sales experienced a 0.8% dip, with China emerging as the sole region experiencing revenue decline. The company's overall revenue growth was driven by strong performance in all other regions,

SoftBank in Talks for Major OpenAI Investment

SoftBank Group Corp. is reportedly in discussions to invest between $15 billion and $25 billion in OpenAI, a move that would potentially establish the Japanese investment company as the AI startup's largest backer, Bloomberg reports. The news follows a previous investment of $15 billion from SoftBank for Project
SoftBank in Talks for Major OpenAI Investment

Microsoft and Meta Defend Massive AI Spending After DeepSeek's Breakthrough

Microsoft and Meta CEOs have defended their massive investments in artificial intelligence despite the recent emergence of a Chinese AI competitor, DeepSeek, which has made significant progress in the field at a fraction of the cost. This comes after DeepSeek's breakthrough in affordable AI computing technology sent shockwaves

Microsoft Shares Tumble as Azure Growth Slows Despite AI Boom

Microsoft's stock price took a hit after the company reported slower-than-expected growth in its Azure cloud-computing business, despite strong demand for its AI products, as reported by Bloomberg. Azure is projected to grow by as much as 32% in the current quarter, a marginal increase from the last

Microsoft Loses Exclusive Cloud Deal with OpenAI

Microsoft's exclusive grip on OpenAI's cloud computing needs is loosening, CNBC reports. While Microsoft remains OpenAI's largest investor and a key cloud provider, the AI startup will now be able to utilize other cloud providers as its computational demands grow. This shift was announced

Meta Rushes to Fix AI Chatbot's US President Blunder

Meta is scrambling to fix a significant error in its AI chatbot that is causing it to incorrectly identify the current US president, Reuters reports. The issue, deemed urgent enough to trigger an internal "site event" (SEV), prompted Meta to initiate an emergency troubleshooting procedure. The chatbot'

TikTok Deal Optimism Grows as General Atlantic CEO Speaks Out

General Atlantic CEO Bill Ford, a board member of TikTok's parent company, expressed optimism about reaching a deal to keep the short-video app operating in the United States, Reuters reports. Ford, speaking at a panel debate during the World Economic Forum in Davos, said, "The objective is

Meta's Ad-Free Option Still Breaches EU Law, Consumer Group Claims

The European Consumer Organisation (BEUC) has accused Meta of violating EU consumer and privacy laws with its revised ad-free subscription service, despite changes made last year, Reuters reports. The group is urging regulators to take action against the US tech giant. Meta launched the paid ad-free service for Facebook and

ByteDance to Spend $20 Billion on AI in 2025

ByteDance, the Chinese owner of TikTok, plans to invest over 150 billion yuan ($20.64 billion) in capital expenditure this year, with a significant portion focused on artificial intelligence, Reuters reports. The company plans to allocate approximately half of this investment to AI-related infrastructure, including data centers and networking equipment,
ByteDance to Spend $20 Billion on AI in 2025