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

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

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 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 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

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

Meta Platforms allegedly used pirated versions of copyrighted books to train its artificial intelligence systems, a group of authors is claiming in court documents, as reported by Reuters. The authors, including comedian Sarah Silverman and Ta-Nehisi Coates, are suing Meta for copyright infringement. The authors, who filed the lawsuit in

Elon Musk is seeking a court-ordered auction of OpenAI's charitable assets to determine their fair market value, Reuters reports, citing sources familiar with the matter. This move is part of Musk's ongoing legal battle to block OpenAI's corporate restructuring. In a letter to the