HANOI : Apple supplier Quanta Computer plans to set up a factory in northern Vietnam, the Vietnamese government said. The company, a MacBook contract manufacturer, on Friday signed an agreement with the authorities of Nam Dinh province, 90 km (56 miles) south of Hanoi, to construct the facility at an […]
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BOCA CHICA, Texas : Elon Musk’s SpaceX made final preparations early on Monday to launch its powerful new Starship rocket system to space for the first time, on a brief but highly anticipated uncrewed test flight from the Gulf Coast of Texas. The two-stage rocketship, standing taller than the Statue […]
HELSINKI : Japan’s Sega Sammy Holdings Inc has agreed to launch an offer for Finland’s Rovio Entertainment, the maker of the Angry Birds mobile game, for 706 million euros ($775.8 million), the companies said in a joint statement on Monday. Tokyo-based Sega will offer 9.25 euros per share for Rovio, […]
SAN FRANCISCO: Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday (Apr 14). Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on Mar 9, a […]
TOKYO: The Bank of Japan will likely modify or end its bond yield control policy due to increasing side-effects such as the hit to financial institutions’ profits, former deputy governor Hiroshi Nakaso told a newspaper interview published on Sunday (Apr 9). The massive stimulus deployed by Haruhiko Kuroda, whose term […]
TOKYO: Atsushi Ikeda loves his car so much that he founded a club for Tesla owners, but his embrace of an electric vehicle makes him something of an outlier in Japan. As markets from China to the United States race to put more EVs on their roads, the pedal is […]
SHANGHAI/SINGAPORE : Morgan Stanley said on Thursday it looks forward to setting up a futures company in China after the country’s securities regulator accepted its application. China Securities Regulatory Commission (CSRC) accepted Morgan Stanley’s application to open up a futures business in the world’s second-largest economy on Monday, according to […]
SYDNEY: Australia on Tuesday (Apr 4) announced a ban on TikTok from all federal government-owned devices over security concerns, becoming the latest US-allied country to take action against the Chinese-owned video app. The ban underscores growing worries that China’s government could use the Beijing-based company, owned by ByteDance to harvest […]
Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training of systems more powerful than GPT-4, they said in an open letter, citing potential risks to society and humanity. The letter, issued by the non-profit Future of Life Institute and […]
China is facilitating easier access to subsidies and more control over state-backed research for a handful of its chip companies, the Financial Times reported on Tuesday. Chipmakers such as Semiconductor Manufacturing International (SMIC), Hua Hong Semiconductor and Huawei, as well as equipment suppliers like Naura and Advanced Micro-Fabrication Equipment Inc […]