Meta’s ban takes effect immediately in the US, Canada, Egypt, Indonesia, Japan, Thailand and Vietnam. Facebook and Instagram-owner Meta has banned advertisements by ByteDance, the Chinese parent of TikTok, on its platforms in the United States and a handful of other countries, a company spokesperson said on Thursday (Oct 8). […]
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Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market. Brent crude futures fell 72 cents, or 0.7 per […]
TOKYO: Japan is no longer experiencing deflation so does not need excessively loose monetary policy for the pursuit of a higher inflation rate, Economy Minister Minoru Kiuchi said on Friday. Monetary policy decisions are the jurisdiction of the Bank of Japan, Kiuchi added, declining to comment on whether the government […]
TOKYO: Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday. The remark, made at a Bank of Japan-hosted conference on monetary policy […]
LONDON: The British government has rejected legal “kill switch” proposals to disable AI models during emergencies amid growing concerns over risks posed by rogue artificial intelligence, Anadolu Ajansi reported, citing media reports on Friday. The Cabinet Office, which leads the government’s work on AI safety, said the UK “cannot simply […]
SAN FRANCISCO: ChatGPT maker OpenAI confirmed on Friday (Sep 11) that autonomous software built on its models targeted another website during testing a couple of months before a separate attack on the coding site Hugging Face. The new report adds to concerns that advanced artificial intelligence models may be difficult […]
LOS ANGELES: California Governor Gavin Newsom signed into law on Thursday new tech company restrictions barring children under 16 from exposure to behaviorally addictive features on social media platforms and banning toys containing AI companion chatbots. The two measures were among 13 bills Newsom enacted as a package designed to […]
Microsoft plans to build out its data-center capacity to about 38 gigawatts by 2032, more than triple its current footprint, Bloomberg News reported on Thursday, citing people familiar with the matter. Here are some details: • According to the report only about 2 gigawatts of the company’s current 12-gigawatt capacity […]
WASHINGTON: The US trade deficit in July widened to its largest since March 2025, government data showed yesterday, as imports climbed on the back of the booming AI tech build-out. US trade has seen wide fluctuations since President Donald Trump returned to the White House last year and rolled […]
HONG KONG: The U.S. dollar held flat near a one-week high against major peers on Friday, as investors stood on the sidelines ahead of Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for clues on his policy outlook. The euro and sterling were subdued near one-week lows […]