Global tech stocks rally as U.S. exempts electronics from tariffs
The removal of these tariffs provides temporary support to the technology sector by helping to avoid major supply-chain disruptions
Alphabet, Nvidia invest in OpenAI co-founder Sutskever’s SSI, source says
SSI, which sources say was recently valued at $32 billion, is one of the highest-profile startups working on AI model research
Sony increases PS5 price by 11% in Europe, 10% in UK
The move comes as electronics manufacturers globally are grappling with economic challenges, including trade disruptions
U.S. regulators seek to unwind Meta’s Instagram and WhatsApp deals
FTC alleges that Meta spent billions more than a decade ago to eliminate emerging competitors
Apple leads global smartphone sales after iPhone 16e launch
Samsung secures second place, while Chinese brands Xiaomi, vivo, and OPPO also perform strongly to complete the global top five vendors
Trump to announce new semiconductor tariff rates within a week
Trump says that while flexibility is shown to certain companies, no exemptions are guaranteed
Former OpenAI employees back Musk’s lawsuit to preserve nonprofit control
They argue that removing the nonprofit’s control would "fundamentally violate" OpenAI’s founding mission to develop AI for humanity’s benefit
Trump grants relief to smartphones and electronics from China tariff
Smartphone imports from China totaled $41.7 billion in 2024, while Chinese-built laptops accounted for $33.1 billion
Govt to restructure IT ministry under $77.73 million WB project
The restructuring exercise is part of a broader plan to prepare Pakistan’s public sector for a rapidly changing digital landscape
Apple airlifts 1.5 million iPhones from India to US to beat Trump tariffs
Company used cargo jets and expedited customs clearance to avoid steep China import duties
AI investment crucial for Amazon’s future, says CEO Andy Jassy
Investing deeply in AI is essential for Amazon to remain at the forefront of customer experience innovation, says Jassy
Intel CEO’s China investments raise security alarms
Lip-Bu Tan invests over $200 million in Chinese tech and manufacturing firms since 2012, controlling over 40 companies and holding stakes in 600 others
Musk faces allegations of harassment against OpenAI
OpenAI accuses Musk of undermining the company through public attacks, legal harassment, and an unsuccessful acquisition attempt
Alphabet plans $75 billion investment in data centers and AI infrastructure
tariff-related costs might increase but customer demand for data centers continues to drive the company’s investment plans, says Google
Trump defends TikTok deal, says it’s “on the table”
A significant hurdle for any deal remains Chinese government approval, which is necessary for the divestiture to proceed