Amazon Ads is evolving from a marketing channel into a business-building engine, helping GCC startups use full-funnel advertising, retail media...
Having spiked in an initial reaction to the military operation to apprehend Nicolas Maduro in Caracas, oil prices quickly dropped...
Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted SoftBank towards artificial intelligence (AI).
SoftBank had announced in April its planned investment of up to $40 billion in Open AI, and on Wednesday it said that the second tranche of $22.5 billion was completed.
Taipei, Taiwan -- Taiwanese tech titan TSMC has started mass producing its cutting-edge 2-nanometre semiconductor chips, the company said in...TSMC is the world's largest contract maker of chips, used in everything from smartphones to missiles, and counts Nvidia and Apple among its clients.
The chips will be the "most advanced technology in the semiconductor industry in terms of both density and energy efficiency", the company said.
- Singapore, Singapore -- Facebook owner Meta has agreed to acquire Manus, an artificial intelligence agent created by a company founded...
However, analysts warned the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and Beijing.
Exceeding the capabilities of AI chatbots like ChatGPT, AI agents can autonomously perform complex tasks for users, and are seen as having huge potential.
Dakar, Senegal -- Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its...Guinea, which has been run by a junta since a coup in 2021, has cancelled dozens of licences for international and domestic companies mining bauxite, gold, iron ore or diamonds.
had operated Guinea's second-biggest bauxite mine with estimated reserves of more than 800 million tons since 2010.
- San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...
Under the agreement, Groq founder Jonathan Ross and president Sunny Madra, along with other team members, will join Nvidia to help develop and scale the Groq's technology.
Nvidia's domination of the AI training chip market has made it the world's biggest company by market valuation.
London, United Kingdom -- Precious and industrial metals are surging to record highs as the year ends, driven by economic...Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday.
A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.
Kuwait City, Kuwait -- Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a...Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah project would "enhance Kuwait's share in the regional and international trade and global supply chain".
Chinese acting charge d'affaires Liu Xiang said the deal "constitutes participation in the 'belt and road' initiative".
- Tech firms also led the rally in Asia, with South Korea's Samsung Electronics, Taiwan's TSMC and Japan's Renesas among the...
Gold, which benefits from expectations of lower US interest rates, hit a fresh record of $4,442.19, while silver also struck a new peak.
The precious metals, which are go-to assets in times of crisis, also benefited from geopolitical worries as Washington steps up its oil blockade against Venezuela.
Washington, United States -- Oracle tech tycoon Larry Ellison is offering a $40.4 billion personal guarantee to back Paramount's hostile...Netflix shocked the industry December 5 by announcing it had sealed an agreement to buy the film and television studio and HBO Max streaming business for nearly $83bn.
Three days later, Paramount launched an all-cash tender offer valuing the entertainment giant at $108.4 billion.
- Warner Bros. Discovery on Wednesday rejected a hostile takeover bid by Paramount launched last week to trump plans by streaming...
Paramount -- whose CEO is David Ellison -- launched an all-cash tender offer valuing the entertainment giant at $108.4 billion
Warner Bros described the Paramount offer as risky, saying it was backed up by "an unknown and opaque revocable trust"
