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Microsoft Outspends Rivals on Massive Nvidia Chip Purchase

Microsoft has significantly outpaced its tech rivals in its acquisition of Nvidia's advanced AI chips, highlighting the company's substantial investment in artificial intelligence infrastructure, reports the Financial Times. Analysts at Omdia estimate that Microsoft purchased 485,000 of Nvidia's "Hopper" chips this

Rapidus Makes History as First Japanese Chipmaker to Receive ASML's EUV Machine

Rapidus, Japan's state-backed semiconductor company, has become the first Japanese chipmaker to receive an extreme ultraviolet (EUV) lithography machine from ASML, marking a significant step in Japan's efforts to regain its position in advanced chip manufacturing, reports Nikkei Asia. The installation of the EUV system at

AI Search Engine Perplexity's Valuation Triples to $9 Billion

Perplexity, an AI-powered search engine, has completed its fourth funding round of the year, tripling its valuation to $9 billion, reports the Financial Times. The $500 million round, led by Institutional Venture Partners (IVP), underscores the fierce competition in the rapidly evolving AI search market. The San Francisco-based company has

BYD and Nio Embrace Humanoid Robots to Tackle China's Labor Shortage

Chinese electric vehicle makers BYD and Nio are leading the charge in deploying humanoid robots on factory floors, reports Nikkei Asia, as the nation grapples with a shrinking workforce. BYD has introduced the Walker S1 robot from UBTech Robotics to its Hunan province factory, while Nio has deployed the same

Apple and Meta Clash Over Interoperability Under EU's Digital Markets Act

Apple has criticized Meta Platforms for making numerous requests under the European Union's Digital Markets Act (DMA) to access iPhone software tools, arguing that these requests could compromise user privacy and security, reports Reuters. The tech giants' public dispute highlights the intensifying rivalry between the two companies

Amazon Workers Stage Major Strike During Key Holiday Period

Thousands of Amazon workers across multiple US warehouses will walk off the job Thursday, disrupting the online retailer's operations during its busiest time of year, reports Reuters. The International Brotherhood of Teamsters (Teamsters) union, representing approximately 1% of Amazon's US hourly workforce, says the strike is

Qualcomm's Nuvia Acquisition Aimed to Slash Arm Royalty Payments, CEO Testifies

Qualcomm's $1.4 billion acquisition of Nuvia in 2021 was driven by the potential to significantly reduce royalty payments to Arm, CEO Cristiano Amon testified in a Delaware federal court on Wednesday, reports Reuters. Amon stated that the potential savings, estimated at up to $1.4 billion annually,

Supreme Court to Hear TikTok Ban Challenge on Expedited Basis

The US Supreme Court has agreed to hear TikTok's challenge to a law that would ban the social media app if it isn't sold by its Chinese parent company, scheduling arguments for January 10, reports Bloomberg. This expedited hearing comes after a federal appeals court upheld

Amazon Delays Return-to-Office Mandate for Thousands

Amazon.com Inc. is delaying its return-to-office mandate for thousands of employees in multiple cities, pushing back full-time in-office work by as much as four months, reports Bloomberg. The move comes as the company struggles to accommodate its large workforce in existing office spaces. The company recently informed employees in

US Removes Chinese Chip Maker AMEC from Military Blacklist

Advanced Micro-Fabrication Equipment (AMEC), a Chinese chip equipment maker, has been removed from the US Department of Defense (DOD) blacklist of companies with alleged ties to China's military, reports the South China Morning Post. The Shanghai-based company was removed from the Pentagon's list of "Chinese