Culture
Chinese AI euphoria obscures a gloomier technological reality
Washington and its allies are not supplying the country with the gear required to make the most sophisticated AI chips[TAIPEI] Moore Threads Technology’s phenomenal debut this month, China’s most...
US regulator grants crypto firms initial approval to launch trust banks
The regulator still has to sign off with a final stamp of approval before each of the trust banks can begin to operate[NEW YORK] Crypto giants, including Ripple and...
Bitcoin hoarding company Strategy remains in Nasdaq 100
[BENGALURU] Bitcoin hoarding giant Strategy clung to its place in the Nasdaq 100 on Friday (Dec 12), continuing its year-long stint in the benchmark at a time where analysts...
Musk’s X posts higher sales amid costly turnaround
[NEW YORK] Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from the firm’s restructuring –...
Intel nears US$1.6 billion deal for AI chip startup SambaNova
[NEW YORK] Intel is in advanced talks to acquire artificial intelligence (AI) chip startup SambaNova Systems for about US$1.6 billion, including debt, according to sources familiar with the matter.A...
Ghost oil ships dock in Venezuela, showing challenge for US
The International Energy Agency estimates the current oversupply at a record 3.8 million barrels a day[HOUSTON] Two so-called ghost oil ships are currently loading off the coast of Venezuela,...
Oracle denies report on OpenAI data centre delays
[BENGALURU] Oracle denied on Friday (Dec 12) a media report that it was delaying OpenAI-related data centres, following investor worries over its debt-fuelled artificial intelligence (AI) infrastructure buildout.Bloomberg News...
Google faces 110 million euros French asset freeze after Russian ruling, documents show
[PARIS/MOSCOW] The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros (S$167 million) of the Alphabet-owned company’s assets in France, official orders...
Fed officials split over risks to US economy going into 2026
The Fed cut its benchmark rate by a quarter percentage point for a third consecutive meeting in response to rising unemployment[NEW YORK] US Federal Reserve officials, including two who...
Oil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year[HOUSTON] Oil prices closed lower on Friday (Dec 12),...
