News 14/21

May 232 min read

Nvidia Forecasts Quarterly Revenue Above Estimates, Announces Stock Split

Nvidia forecasts quarterly revenue above estimates, impressing investors. Company announces stock split and increase in quarterly...

May 232 min read

Trump Media and Technology Group Reports Over $300 Million Net Loss in First Public Quarter

Trump Media and Technology Group reported a net loss of over US$300 million in its first public quarter.

May 231 min read

Disney to Sell Stake in Tata Play in $1 Billion Deal, Reports Bloomberg News

Walt Disney is set to sell its stake in Tata Play, valuing the Indian conglomerate's satellite TV provider at around US$1 billion.

May 232 min read

Saudi Arabia Woos Electric Flying Taxi Company Archer as Gulf Rivals Compete to be Aviation Hub

Saudi Arabia is courting Archer Aviation, an electric air taxi company, to bolster its position as a leading aviation hub in the Gulf region

May 222 min read

Japan Launches Public-Private Initiative to Promote Bendable Solar Panels

Toshiba and Sekisui Chemical among 150 companies forming a public-private council. Council to set capacity targets for perovskite solar...

May 212 min read

AI Boosts Productivity and Salaries in Hong Kong, but Training Gap Must Be Bridged, Says AWS Study

AI could increase Hongkongers' salaries by up to 28%, according to Amazon Web Services (AWS) study.

May 212 min read

China's Gotion High-tech Unveils Advanced Batteries & Global Expansion Plans, Targets All-Solid-State Tech

Gotion unveils new cylindrical and prismatic batteries with ultra-fast charging capabilities.

May 212 min read

China Approves 96 New Video Games in May, Excluding Tencent and NetEase

China's video gaming regulator, the NPPA, approved 96 new video game titles for domestic release in May.

May 212 min read

Indonesia Minister Reveals Elon Musk Considering Offer to Build EV Battery Plant in the Country

Elon Musk is considering an offer to build an EV battery plant in Indonesia.

May 212 min read

US and TikTok Seek Fast-Track Schedule for Ruling on Potential Ban

The US Justice Department and TikTok are seeking a fast-track schedule from a US appeals court to address legal challenges to a law requirin

May 202 min read

Didi Co-founder Jean Liu Steps Down from Leadership Role at Chinese Ride-Hailing Giant

Jean Liu, co-founder of Didi Global Inc., steps down from her positions as president and board director.

May 202 min read

Former OpenAI Leader Jan Leike Criticises Company for Prioritising Products Over AI Safety Concerns

Former OpenAI leader Jan Leike has expressed concerns about safety taking a backseat to product development at the company.

May 192 min read

Water Firm to Utilise AI to Enhance River Quality

Northumbrian Water secures funding from Ofwat to improve river quality with AI technology.

May 182 min read

JD.com's First-Quarter Sales Exceed Expectations, Boosted by Price Cuts

JD.com reports a 7% increase in first-quarter sales, surpassing analysts' estimates.

May 182 min read

Honda Accelerates EV Strategy, Investing US$65 Billion to Capture US and China Markets

Honda reaffirms commitment to EVs, investing $65 billion by fiscal 2031.

May 182 min read

Alibaba Harnesses AI to Safeguard Dominance in Chinese E-commerce

Alibaba utilizes AI-powered chatbot Wenwen to offer personalized product recommendations to shoppers on its Taobao platform.

May 172 min read

Elon Musk to Launch Starlink in Indonesia, Visiting Bali for In-Person Event

Elon Musk, owner of SpaceX, is scheduled to visit Indonesia to launch Starlink.

May 172 min read

Netflix's Affordable Ad-Supported Plan Drives 40% of New Subscribers Amidst Intense Streaming Competition

Netflix's ad-supported tier has reached 40 million global monthly active users, up from 5 million a year ago.

May 162 min read

US billionaire Frank McCourt reveals plans to acquire TikTok

Billionaire Frank McCourt is preparing a bid to acquire TikTok's US business.

May 163 min read

Senators Call for $32 Billion Emergency Spending on AI Following Yearlong Review

A bipartisan group of senators, led by Majority Leader Chuck Schumer, is recommending $32 billion in emergency spending on AI over the next