How Big Tech is faring against US antitrust lawsuits
A federal judge ruling that Meta Platforms does not hold an illegal social media monopoly handed Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump's first term.Here are the statuses of the U.S. antitrust cases or probes against some of the world&# ...
Meta defeats antitrust case over Instagram, WhatsApp acquisitions
Facebook parent company Meta Platforms defeated a U.S. attempt to unwind its acquisitions of Instagram and WhatsApp on Tuesday when a federal judge ruled the company does not hold a social media monopoly.The ruling gives Big Tech its first decisive win against the antitrust crackdown started in Pres ...
Volkswagen has secured chip supply for now, brand boss says
BERLIN :Volkswagen has secured sufficient chips for its production, the head of the carmaker's VW brand said on Tuesday, as other automotive firms still struggle with a supply shortage triggered by a trade dispute over manufacturer Nexperia.Thomas Schaefer, head of the Volkswagen brand and memb ...
Amazon's Zoox launches robotaxi rides in San Francisco
Amazon's self-driving unit Zoox opened its waitlist on Tuesday for users in San Francisco, offering free rides, just days after Alphabet's Waymo said it will provide robotaxi rides in the same market.Zoox said it is inviting people to ride its driverless vehicles for free and share feedbac ...
Waymo launches fully autonomous robotaxis in Miami, to expand to four more US cities
Alphabet's Waymo began operating fully autonomous vehicles in Miami on Tuesday, kicking off the expansion of its ride-hailing service to more U.S. cities as it races to cement its lead in self-driving technology.The company said it would roll out operations for its employees in Dallas, Houston, ...
Amazon, Google named by EU among 'critical' tech providers for finance industry
PARIS :European Union regulators on Tuesday designated 19 technology companies, including Amazon Web Services, Google Cloud and Microsoft, as critical third-party computing providers for the bloc's finance industry.Under the EU's Digital Operational Resilience Act (DORA), which started bei ...
Google launches Gemini 3, embeds AI model into search immediately
SAN FRANCISCO :Alphabet's Google on Tuesday launched the latest version of its artificial intelligence model Gemini, emphasizing that the new capabilities will be immediately available in several profit-generating products like its search engine.Gemini 3, arriving 11 months after the second gen ...
Temasek leads US$80 million funding in power infrastructure provider Amperesand
Goh Ruoxue - The Series A round is co-led by the Singapore investment company and Walden Catalyst Ventures
Microsoft launches tracker to manage autonomous AI in the workplace
SAN FRANCISCO :In Microsoft's view, humans are not the only ones to manage in a workplace. Artificial intelligence needs a manager, too.The software maker on Tuesday announced Microsoft Agent 365, a program for its customers to track what it expects to be 1.3 billion agents automating office w ...
Senator opposes FCC plan to reverse cyber rules adopted after Salt Typhoon attack
WASHINGTON :The top Democrat on the Senate Commerce Committee on Tuesday called on the Federal Communications Commission to abandon plans to rescind cybersecurity requirements adopted after the massive Salt Typhoon Chinese hacking incident.Senator Maria Cantwell urged FCC Chair Brendan Carr to drop ...
US: Wall St opens lower as valuation concerns, rate-cut jitters linger
[NEW YORK] Wall Street’s main indexes fell at the open on Tuesday (Nov 18), as concerns over lofty equity valuations and dimming...
New method spots signs of Earth's primordial life in ancient rocks
WASHINGTON :Scientists have detected some of the oldest signs of life on Earth using a new method that recognizes chemical fingerprints of living organisms in ancient rocks, an approach that also holds promise in the search for life beyond our planet.The researchers found evidence of microbial life ...
Microsoft, Nvidia to invest in Anthropic as Claude maker commits $30 billion to Azure
Microsoft and Nvidia plan to invest billions of dollars in Anthropic under a new partnership that will also see the Claude chatbot creator commit $30 billion to buy Microsoft's cloud services, in the sector's latest high-profile AI deal.The announcement on Tuesday underscores the AI indust ...
Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Adjusted earnings per share of 21.08 yuan (S$3.86) beat analysts’ average forecast of 16.84 yuan
Ocado slides 17% as US partner Kroger closes robotic warehouses
Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January, dealing a heavy blow to the Ocado investment story.Ocado stock closed down 17.4 per cent as the group also said its fee revenue woul ...
Ocado slides 20% as US partner Kroger closes robotic warehouses
Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January, dealing a major blow to the Ocado investment story.Ocado stock was down 20 per cent at 1507 GMT as the group also said its fee reven ...
Ocado slides as US partner Kroger says it will close three robotic warehouses
Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January.Ocado stock was down 14.5 per cent at 1434 GMT as it also said its fee revenue will reduce by about $50 million next year as a result ...
Intuit strikes $100 million deal to integrate OpenAI models into financial tools
Intuit said on Tuesday it has signed a multi-year deal worth more than $100 million with OpenAI to use the ChatGPT maker's artificial intelligence models to power AI agents across its apps such as tax-preparation software TurboTax.Shares of the Mountain View, California-based company rose 3.4 p ...
Toyota lays out US$912 million plan to boost US hybrid production
Factories in West Virginia, Kentucky, Mississippi, Tennessee and Missouri will see 252 new jobs as a result of the initiative
Nissan to cut more output at Kyushu plant on chip supply troubles
The move follows a 900-vehicle reduction in output last week
Italy considers 5G telecoms licence extensions with lower costs tied to investment pledges
MILAN :Italy is considering extending 5G licences while limiting costs for operators in return for investment pledges, a cabinet undersecretary said on Tuesday, as the telecom sector contends with falling revenue and lower margins.Telecoms operators are lobbying for a free extension of their 10-year ...
Klarna strikes $6.5 billion loan deal with Elliott funds to boost US push
Klarna said on Tuesday it will sell up to $6.5 billion of loans to funds managed by Elliott Investment Management over a two-year period, as part of efforts to expand its buy-now-pay-later business in the U.S.The agreement allows the Swedish fintech to sell a portion of its existing Fair Financing p ...
Cloudflare resolves global outage that disrupted ChatGPT, X
The cause of the outage was a configuration file that is automatically generated to manage threat traffic
ChatGPT, X among sites blocked in widespread Cloudflare outage
Cloudflare said it was investigating an issue that “potentially impacts multiple customers”
Malaysia palm oil output to meet forecast despite monsoon season, says SD Guthrie
[KUALA LUMPUR] The arrival of the monsoon season has raised concerns about potential disruptions to Malaysian palm oil production over the next...
Klarna third-quarter revenue beats estimates in first earnings report after IPO
STOCKHOLM :Growth in U.S. markets helped Swedish fintech firm Klarna to achieve a 26 per cent jump in third-quarter revenue, beating expectations in its first report as a public company and forecasting revenue above $1 billion in the current quarter, the company said on Tuesday.The buy now, pay late ...
Klarna Q3 revenue beats estimates in first earnings report after IPO
(Corrects day of the week in paragraph 1)STOCKHOLM :Swedish fintech Klarna on Tuesday reported a 26 per cent jump in third-quarter revenue, beating expectations in its first report as a public company, and forecast revenue to cross $1 billion in the current quarter, backed mainly by growth in U.S. m ...
AI accounting startup Maxima raises $41 million in Kleiner Perkins-backed round
Artificial intelligence startup Maxima has raised about $41 million from investors including Redpoint Ventures and Kleiner Perkins as it looks to automate accounting for businesses, the company said on Tuesday.The $143 million valuation after Seed and Series A funding for the one-year-old San Mateo, ...
Elon Musk's X down for thousands of US users, Downdetector shows
Elon Musk's X was down for thousands of users in the U.S. on Tuesday, according to Downdetector.com.There were more than 5,600 reports of issues with the social media platform, as of 06:51 a.m. ET, according to Downdetector, which tracks outages by collating status reports from a number of sour ...
Cloudflare outage easing after impacting thousands of internet users
A global outage at web infrastructure firm Cloudflare began to ease on Tuesday (Nov 18) after preventing thousands from accessing major internet platforms, including X and ChatGPT.Cloudflare, whose network handles around a fifth of web traffic, said it started to investigate the internal service deg ...
Roblox to require age checks to use platform's chat features
WASHINGTON :Gaming platform Roblox will require users to verify their age using facial recognition software to chat with other players, a company executive said, with the goal of limiting communication between kids and adults on the platform.The company announced the new requirement amid criticism f ...
Xiaomi’s EV arm makes a profit for the first time
The division, which sold its first car last year, posts a profit of 700 million yuan in the September quarter
Xiaomi reports 81% jump in third-quarter profit on strong EV sales
Adjusted net profit reaches 11.3 billion yuan (S$2.1 billion), exceeding the average estimate of 10.3 billion yuan
Sculptura Ardmore condo unit sells for almost S$6,200 psf amid uptick in high-end sales
Ry-Anne Lim - This is the fifth deal this year to cross the S$6,000 psf mark, after only six sales surpassed this threshold between 2011...
