Musk says Tesla's mega AI chip fab project to launch in seven days
Tesla CEO Elon Musk said on Saturday (Mar 14) that the company's Terafab project to make artificial intelligence chips will launch in seven days.Musk had said last year t
ByteDance suspends launch of video AI model after copyright disputes, The Information reports
March 14 : ByteDance has put on hold the global launch of its latest video-generation model, Seedance 2.0, after a series of copyright disputes with major Hollywood studios and streaming platforms, The Information reported on Saturday, citing two people with direct knowledge of the situation.Reuters ...
Musk says Tesla's 'gigantic' chip fab project to launch in seven days
March 14 : Tesla CEO Elon Musk said on Saturday that the company's Terafab project to make artificial intelligence chips will launch in seven days. Musk had said last year that Tesla probably will have to build "a gigantic chip fab" to make artificial intelligence chips. Tesla is desi ...
Japan industry ministry asks Australia to boost LNG output amid Iran crisis
TOKYO, March 14 : Japan's industry minister Ryosei Akazawa on Saturday asked Australia, Japan's biggest supplier of liquefied natural gas, to boost output in light of the Middle East crisis. Japan relies on the Middle East for around 11 per cent of its LNG imports, with 6 per cent shipped ...
Japan's JERA hedges growing Middle East risks by seeking more LNG supply
TOKYO, March 14 : Japan's biggest liquefied natural gas buyer, JERA, has started talks for potential additional purchases with global suppliers to hedge against Middle East supply worsening further, even as a major LNG exporter said the price spike was short-lived.Some 20 per cent of global LNG ...
US Commerce Department withdraws planned rule on AI chip exports
[NEW YORK] The US Commerce Department withdrew a planned rule on artificial intelligence (AI) chip exports on Friday (Mar 13), the latest...
Retail oil traders spark ETF boom amid institutional slump
[NEW YORK] Anthony Sandford knew it was time to jump back into the energy sector when US war planes first cast shadows...
Why a strike on Iran’s Kharg Island would shake oil markets
[CAPE TOWN] Iran’s oil exports hinge on a small outpost in the Persian Gulf: Kharg Island, the loading point for almost all...
Europe repaid Tokyo a favour by supporting oil stock release, Japan minister says
TOKYO, March 14 : Europe repaid Japan a favour when agreeing on a joint oil stockpile release this week to ease the supply crisis and price spikes caused by the Iran war, Japan's Industry Minister Ryosei Akazawa said on Saturday.The International Energy Agency on Wednesday agreed to release a r ...
US begins emergency oil reserve release of 86 million barrels
[WASHINGTON] The Trump administration started the process of a mammoth drawdown of the US emergency oil reserve, issuing a request to exchange...
Iran oil hub strike raises risk of further disruptions to supply
[SINGAPORE] The first major attack on an island that exports the bulk of Iran’s oil threatens the lifeblood of the Islamic Republic,...
European shares log second week of losses as Middle East war fuels inflation fears
[BENGALURU] European shares extended their declines on Friday (Mar 13) and marked their second consecutive weekly loss, as the escalating conflict in...
GE Vernova, Hitachi to explore South-east Asia for small reactors
[TOKYO] GE Vernova and Hitachi agreed to explore opportunities to deploy small modular nuclear reactors in South-east Asia.
In Depth: Secretive hedge fund at centre of Hong Kong insider-trading probe
A late-winter chill hung over Hong Kong on the afternoon of Mar 11, but in the city’s financial circles the mood was...
The price isn’t right: Oil spike fuels risks in South-east Asia’s tech scene
RISING oil prices triggered by the ongoing war in the Middle East could quickly drive up operating costs within South-east Asia’s tech...
Brent crude closes above US$100 for second straight session
[NEW YORK] Brent crude settled above US$100 a barrel for the second straight session, ending the day at the highest level in...
Wall Street drops, set for weekly loss as war on Iran fuels inflation worries
[NEW YORK] Wall Street was lower on Friday (Mar 13) as investors monitored developments in the war on Iran and their potential...
Exclusive-Meta planning sweeping layoffs as AI costs mount
NEW YORK/SAN FRANCISCO, March 13 : Meta is planning sweeping layoffs that could affect 20 per cent or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about ...
Meta planning sweeping layoffs as AI costs mount
If Meta settles on the 20 per cent figure, the layoffs will be its most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency".
Impact of higher oil prices on Malaysians, the government and the country
Tong Kooi Ong + Asia Analytica - “We will try to control the effects of the Iranian conflict, including for RON95, which is RM1.99 per litre … We can still hold off for one or two months …” This statement from Prime Minister Datuk Seri Anwar Ibrahim must surely be worrying, given that affordability is front and centre for m ...
Why broad-based consumption tax, instead of higher taxes, is good for democracy and capitalism
Tong Kooi Ong + Asia Analytica - A picture speaks a thousand words. We begin this article with Charts 1 and 2, which underscore two indisputable facts. One, public operating expenditure (opex) is eating up the entire government tax revenue annually — and has been for the past 15 years. With little left over, it means that develop ...
Apple MacBook Neo emerges as company’s most repairable laptop in more than a decade
SAN FRANCISCO, March 13 : Apple's MacBook Neo, the laptop it announced last week that starts at $499 for students, is the most repairable laptop the company has released since 2014, according to an analysis released Friday by iFixit.iFixit publishes repair guides and sells parts and tools for c ...
Digg cuts jobs after facing AI bot surge
March 13 : Digg is laying off staff citing "brutal reality" in the current digital environment and a surge in artificial intelligence-driven bot activity, more than a year after the once-popular content aggregator announced its comeback.CEO Justin Mezzell said in a blog post on Friday that ...
Trump administration set to receive $10 billion fee for brokering TikTok deal, WSJ reports
March 13 : President Donald Trump's administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok's U.S. business, the Wall Street Journal reported on Friday.
Commentary: The White House's oil-restraint toolbox is empty
Despite President Donald Trump’s blustering that America benefits when oil prices surge, crunch time is fast approaching for both the war and the energy market, says Javier Blas for Bloomberg Opinion.
US Commerce Department withdraws planned rule on AI chip exports, government website shows
March 13 : The U.S. Department of Commerce on Friday withdrew its planned rule on AI chip exports, according to a government website. A draft of the rule, expected to govern global access to AI chips, had been sent to other agencies for feedback in late February. The posting provided no reason for t ...
Uber co-founder Kalanick launches Atoms in specialized robotics push
March 13 : Travis Kalanick, the co-founder and former chief executive of Uber, on Friday launched his startup, Atoms, focused on specialized industrial robotics designed to automate tasks in the mining, transport and food sectors.Kalanick is betting that task-specific machines are the key to improvi ...
Adobe agrees to pay $150 million to resolve alleged violations of online shopper law
March 13 : The U.S. Justice Department said on Friday that Adobe Inc has agreed to a $150 million settlement and an injunction to resolve allegations that the software firm's subscription practices violated the Restore Online Shoppers' Confidence Act.
Italy to meet Pirelli and its investors over Chinese control spat, sources say
MILAN, March 13 : Italian government officials will meet on Monday with representatives from Pirelli and of its two main investors as part of efforts to address a spat over Chinese influence on the tyremaker, two sources said.Pirelli's two largest shareholders, Chinese state-owned Sinochem with ...
Europe takes first step to banning AI-generated child sexual abuse images
BRUSSELS, March 13 : Europe on Friday took the first step towards outlawing artificial intelligence practices which generate child sexual abuse material after EU governments proposed to add this provision to the bloc's landmark AI rules adopted two years ago.Governments and regulators from Euro ...
Exclusive-SpaceX taps Gibson Dunn and Davis Polk & Wardwell as legal advisors on blockbuster IPO, sources say
March 13 : SpaceX and the banks underwriting its blockbuster IPO have chosen two law firms to provide legal advice on the deal, one of the first concrete steps companies take when preparing a public listing, two people familiar with the plans said. Elon Musk's rocket-and-satellite company has h ...
Win for Amazon as Luxembourg court scraps record $854 million privacy fine
BRUSSELS, March 13 : Amazon on Friday won its appeal against a record 746-million-euro ($854.4 million) fine imposed by Luxembourg’s privacy regulator, after a court found the watchdog had not properly carried out its analysis and must reassess the case.The Luxembourg National Commission for Data ...
Musk ousts more xAI founders as AI coding effort falters, FT reports
March 13 : Elon Musk has triggered a fresh wave of job cuts at his AI firm xAI, with more co-founders pushed out amid his dissatisfaction with the underperformance of the startup's coding division, the Financial Times reported on Friday.Musk last month overhauled the management of xAI, ahead of ...
Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon's cloud
SAN FRANCISCO, March 13 : Amazon.com and Cerebras Systems on Friday said they have reached a deal to combine the two companies' computing chips in a new service aimed at speeding up chatbots, coding tools and other artificial intelligence services.Valued at $23.1 billion, Cerebras is a chip sta ...
