News
Meta is cutting 600 jobs in its AI division
Meta is slashing roughly 600 jobs in its artificial intelligence unit as the tech giant aims to move faster to compete with its rivals.The company declined to comment on...
Driverless Waymo taxis under investigation after failing to stop for a school bus
Around 2,000 Waymo vehicles are under investigation after reports of one of the self-driving taxis navigating around a school bus while children disembarked. The National Highway Traffic Safety Administration...
Coca-Cola tops quarterly revenue estimates on steady soda demand
It reported quarterly revenue of US$12.5 billion, compared with estimates of US$12.39 billion[WASHINGTON] Coca-Cola’s revenue and profit exceeded Wall Street’s third-quarter expectations on Tuesday (Oct 21), helped by resilient...
Sea CEO Forrest Li sees path to US$1 trillion market cap with help of AI
But the company is battling deep-pocketed global challengers, including TikTok Shop and LazadaSEA founder Forrest Li told employees that a trillion-dollar market capitalisation – an increase of about 10...
US: Stocks rise to open big earnings week
WALL Street stocks rose early Monday (Oct 20) as markets looked ahead to a heavy week of corporate earnings and monitored the positioning of political leaders on the US...
Why did Amazon’s AWS outage disrupt Snapchat, Ring and many other services?
People struggled to access social media app Snapchat, online game Fortnite, payments app Venmo and other popular online services on Monday after an Amazon Web Services outage caused widespread...
Vietnam stocks slump after state media report on alleged bond irregularities
[HANOI] Vietnam’s main stock index fell to its lowest closing level in a month on Monday (Oct 20) after state media reported the results of a government agency’s investigation...
Stellantis, China’s Pony AI to test robotaxis in Europe
[HONG KONG] Stellantis plans to team up with Chinese robotaxi operator Pony AI to start testing autonomous vans in Luxembourg. The agreement involves a battery-powered minivan as the initial fleet...
China’s Sany Heavy Industry seeking up to HK$12.4 billion in HK listing
[BENGALURU] Sany Heavy Industry is seeking to raise as much as HK$12.4 billion (S$2.1 billion) through its Hong Kong listing, a filing showed on Monday (Oct 20), as the...
Chinese tech giants pause stablecoin plans after Beijing steps in
The government raised concerns about the rise of currencies controlled by the private sector, says the Financial TimesCHINESE tech giants, including Alibaba-backed Ant Group and e-commerce group JD.com, have...
