Category: Uncategorized
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Apple facing hurdles in adapting Baidu AI models for China, The Information reports
Apple and Baidu are working to add AI features to iPhones sold in China, but are facing hurdles that could hurt phone sales in the country.
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China bans export of key minerals to U.S. as trade frictions escalate
China has banned exports to the U.S. of items related to the minerals gallium, germanium and antimony that have potential military applications.
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Meta tightens ad rules to curb financial scams aimed at Australians
Instagram and Meta Platforms said on Monday it had introduced stricter rules for advertisers of financial products and services targeting Australians.
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Australia’s under-16 social media ban sparks anger and relief
Tech giants like TikTok argue social media ban on children under 16 could push young people to “darker corners of the internet”.
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OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
SoftBank’s billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round.
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US finalizes $7.86 billion chips manufacturing award for Intel
The Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel after the California-based chips maker won a separate $3 billion award from the Pentagon.
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US Supreme Court tosses case involving securities fraud suit against Facebook
The Supreme Court sidestepped a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Facebook of misleading investors.
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US watchdog issues final rule to supervise Big Tech payments, digital wallets
Silicon Valley tech giants who process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision.
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Apple to urge judge to end US smartphone monopoly case
Apple will ask a federal judge to dismiss the case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown.
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Nvidia’s options primed for $300-billion price swing after earnings
Options traders are primed for a nearly $300-billion swing in Nvidia’s market value following the chipmaker’s quarterly results on Wednesday.