JAKARTA: Facebook parent Meta Platforms on Thursday said it understood it was not required to pay for content of news publishers posted voluntarily by users in Indonesia, following a government regulation seeking a sharing of profits between digital platforms and media firms. Indonesia’s president signed a regulation on Monday requiring […]
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NEW YORK: No single stock has embodied the U.S. market’s artificial intelligence fervor as much as Nvidia Corp, leaving Wall Street tied to the fluctuations of its volatile shares. The semiconductor company, whose chips are considered the gold standard in the AI industry, forecast fiscal first-quarter revenue above estimates after […]
NEW YORK: Elon Musk can ask a U.S. District Court to review a magistrate judge’s order that he must testify in the Securities and Exchange Commission’s investigation of his $44 billion takeover of Twitter, according to a court notice filed on Friday. Lawyers for Musk on Thursday had said in […]
Andrej Karpathy, an artificial intelligence researcher and one of the founding members of OpenAI, said in a post on social media platform X that he departed the Microsoft-backed company on Monday. The news marks a significant departure from OpenAI, one of the top labs competing to develop increasingly capable artificial […]
TOKYO : The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following surprisingly hot U.S. inflation figures overnight. The U.S. currency’s push above 150 yen for the first time since Nov. 17 spurred Japan’s top […]
CAPE CANAVERAL, Florida: A robotic moon lander built by Houston-based aerospace company Intuitive Machines was set for launch early on Wednesday (Feb 14) on a NASA mission to conduct the first US lunar touchdown in more than a half-century and the first by a privately owned vehicle. The company’s Nova-C […]
WASHINGTON: US President Joe Biden’s re-election campaign joined short-form video app TikTok yesterday, using the NFL’s Super Bowl to kick off its new account to reach young voters ahead of the presidential election in November. The campaign’s launch on TikTok is notable given widespread suspicion in Washington of the app […]
China President Xi Jinping is set to discuss the nation’s stock market with financial regulators, Bloomberg News reported on Tuesday, citing people familiar with the matter. Regulators led by the China Securities Regulatory Commission plan to update the top leadership on market conditions and the latest policy initiatives as soon […]
TOKYO: The Bank of Japan must immediately end its negative interest rate policy as it has allowed companies to delay efforts to boost productivity by keeping borrowing costs ultra-low, said ruling party heavyweight Shigeru Ishiba. “It’s an extreme policy that shouldn’t exist in the first place,” Ishiba said of negative […]
BEIJING : China’s major southern city of Guangzhou fully relaxed home purchase limits for some people on Saturday and said it would increase affordable housing supply, in a move to support the local property market. Properties with a floor area of more than 120 square metres (1,292 square feet) are […]