China’s Huawei Technologies said on Thursday it is replacing internal software management systems it once sourced from U.S. vendors with its own in-house version, hailing it as a victory over U.S. curbs that once threatened its survival. Huawei held an internal ceremony to celebrate the switch to its own ‘MetaERP’ (enterprise resource planning system) in […]
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With the vision of merging human brains with artificial intelligence (AI) through implanted brain chips, Neuralink has been conducting trials and research to unlock the potential of this cutting-edge technology. However, the journey of Neuralink has not been without its trials and tribulations, and there are concerns that the US government’s reluctance to fully embrace […]
A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of 2023, 75% lower than the same […]
Russian President Vladimir Putin met his commanders in two regions of Ukraine that Moscow claims to have annexed, while Russian forces stepped up artillery bombardments and air strikes on the devastated eastern Ukrainian city of Bakhmut. Diplomacy * The Group of Seven industrial powers on Tuesday criticised Russia’s threat to station nuclear weapons in Belarus, […]
A committee of U.S. lawmakers on Tuesday said troubled Swiss bank Credit Suisse Group hampered a multiyear investigation into the servicing of Nazi clients and Nazi-linked accounts. Credit Suisse commissioned an investigation into allegations levied by a human rights organization that the bank held potential Nazi-linked accounts and failed to disclose them, even during Holocaust-related […]
The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on Tuesday. The failure last year of the Bahamas-based FTX exchange has highlighted the importance of major economies developing clear crypto […]
The Group of Seven industrial powers drew together on Tuesday to criticise China’s coercion of Taiwan and Russia’s threat to station nuclear weapons in Belarus, promising to intensify sanctions on Moscow for its war on neighbouring Ukraine. “The strength of the solidarity between the G7 foreign ministers is at a level not seen before,” Japan’s […]
In recent years, Big Tech companies like Facebook, Google, Amazon, and Apple have faced increasing scrutiny from antitrust watchdogs due to concerns about their market dominance and potentially anti-competitive practices. These companies have amassed vast amounts of data and power, and many argue that they need to be regulated to ensure fair competition and protect […]
Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals. “As VW, we remain firmly committed to China … Our guiding principle is development in China, for China at full […]
Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said. William Li told reporters on the sidelines of the Shanghai Autoshow that he estimated his firm and peers […]