Donald Trump has suggested that Microsoft is in discussions to acquire TikTok and expressed a desire to see a bidding war for the app. When asked if Microsoft was negotiating to buy the app, the US president replied, “I would say yes,” adding “A lot of interest in TikTok. There’s great interest in TikTok.” Microsoft, … Read more
OpenAI CEO Sam Altman described Chinese AI startup DeepSeek’s R1 as an “impressive model” on Monday, while assuring that his company would “deliver much better models” in the future. DeepSeek’s announcement that its new, lower-cost model is comparable to U.S. competitors shook tech and energy stocks and raised alarms at Meta on Monday. However, President … Read more
Netflix Inc. is raising prices again, though for some viewers, it’s been a while since the last increase. The company announced on Tuesday, alongside its earnings, that it will be “adjusting prices” on most plans in the U.S. and Canada, with monthly hikes ranging from $1 to $2.50, depending on the plan, according to a … Read more
Microsoft, OpenAI’s largest investor and primary cloud partner, is losing its exclusive status as the AI startup’s computing provider. In a Tuesday blog post, Microsoft emphasized its continued strong position with OpenAI, noting it will have the “right of first refusal” when OpenAI seeks additional capacity, before exploring other options. This shift in their partnership … Read more
The U.S. Department of Justice urged the Supreme Court on Friday to deny President-elect Donald Trump’s request to delay the enforcement of a law requiring TikTok to either sell its U.S. operations or face a ban by January 19. Last week, Trump submitted a legal brief arguing for time after his inauguration on January 20 … Read more
China’s economy is facing a slowdown, with growth dropping from 6.5 per cent before the pandemic to just 4.6 per cent now, and there are concerns that even that number is seriously overstated. As the economy continues to stagnate, living standards remain far below those of developed nations, further highlighting the nation’s economic struggles, Asia … Read more
Just in time for the holidays, around 400 current and former OpenAI employees are set to receive multi-million dollar payouts through a special stock sale arranged by the privately held San Francisco company and Japan’s SoftBank Group. The tender offer enables select OpenAI employees and ex-staff to sell their stock to SoftBank at $210 per … Read more
Honda and Nissan are believed to have engaged in preliminary discussions about a possible merger to strengthen their position against electric vehicle (EV) manufacturers, especially in China. In March, the two Japanese automakers agreed to explore a strategic EV partnership. The companies issued identical responses to the BBC, stating, “As announced in March of this … Read more
SpaceX is launching a new mission to transform its Starbase site into a Texas city. On Thursday, Elon Musk’s company sent a letter to local officials requesting a vote to incorporate Starbase – the South Texas location where SpaceX builds and launches its Starship rockets – into a city. The petition was submitted by residents … Read more
Apple announced today that it will expand in Saudi Arabia, starting with the launch of the Apple Store online in summer 2025. The online store will provide customers across the country with new shopping options for Apple’s full product range, featuring exceptional service and support in Arabic for the first time. Beginning in 2026, Apple … Read more