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China’s technology sector faces new round of lay-offs as global firms Ericsson, Tesla, Amazon and Intel continue to shed jobs

by Anas Siddiqui
China’s technology sector faces new round of lay-offs as global firms Ericsson, Tesla, Amazon and Intel continue to shed jobs

Swedish telecommunications equipment maker Ericsson’s plans in China will involve cutting about 240 positions at its core network research and development (R&D) facility on the mainland, a company representative said …

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iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

by Anas Siddiqui
iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter …

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TSMC’s sales surge most since 2022 after riding AI chip boom

by Anas Siddiqui
TSMC’s sales surge most since 2022 after riding AI chip boom

Taiwan Semiconductor Manufacturing Co’s quarterly revenue grew at its fastest pace in more than a year, shoring up expectations that a global boom in artificial intelligence (AI) development is fuelling …

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China e-commerce: how SoftBank-backed Firework aims to help mainland merchants sell directly in overseas markets

by Anas Siddiqui
China e-commerce: how SoftBank-backed Firework aims to help mainland merchants sell directly in overseas markets

“Live-stream shopping in China is very influencer-driven. People watch live streams because they trust the influencer,” he said. “Whereas in the US, it’s still brand-focused. The relationship is between the …

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Crews work to lift first piece of collapsed Baltimore bridge in ‘complex operation’

by Walter Watson
Crews work to lift first piece of collapsed Baltimore bridge in ‘complex operation’

Salvage crews worked to lift the first piece of Baltimore’s collapsed Francis Scott Key Bridge from the water on Saturday to allow barges and tugboats to access the disaster site, …

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Chinese start-up Moonshot AI raises US$1 billion in funding round led by Alibaba and VC HongShan amid strong interest for OpenAI-type firms

by Ron Morgan
Chinese start-up Moonshot AI raises US billion in funding round led by Alibaba and VC HongShan amid strong interest for OpenAI-type firms

The start-up in October launched smart chatbot Kimi Chat, built on its self-developed Moonshot large language model (LLM), which can process as many as 200,000 Chinese characters in a context …

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Tech industry cuts 32,000 jobs since January, but aggressively hiring for AI roles

by Anas Siddiqui
Tech industry cuts 32,000 jobs since January, but aggressively hiring for AI roles

The tech industry has started 2024 with another wave of job cuts, paring back even further after widespread lay-offs last year. So far, some 32,000 tech workers have lost their …

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Nvidia chief sees rise of ‘sovereign AI’ infrastructure across nations, driving demand for company’s advanced chips

by Walter Watson
Nvidia chief sees rise of ‘sovereign AI’ infrastructure across nations, driving demand for company’s advanced chips

Nations including India, Japan, France and Canada are talking about the importance of investing in “sovereign AI capabilities”, Huang said in an interview on Thursday with Bloomberg Television. “Their natural …

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Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

by Walter Watson
Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager …

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OpenAI in talks to raise new funding at US$100-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups

by Walter Watson
OpenAI in talks to raise new funding at US0-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups

Microsoft Corp-backed OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above US$100 billion, people with knowledge of the matter said, a …

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