Microsoft secures U.S. approval to export advanced AI chips to UAE
The export license comes amid concerns raised by lawmakers about the potential risks of advanced technology being accessed by China
US House to vote to provide $3 billion to remove Chinese telecoms equipment
The FCC says Congress allocates $1.9 billion for equipment removal, but the cost reaches $4.98 billion
India’s markets struggle with high valuations, observes Mattias Martinsson
Martinsson says 10% of the companies he meets in India show strong long-term potential, 30% offer standard returns, and most result in losses
Musk spent over a quarter of a billion dollars to help elect Trump in 2024
Silicon Valley spends $394.1 million in 2024 U.S. elections, highlighting tech’s growing political influence
Meta and Alphabet shares rise as TikTok ban uncertainties linger
TikTok ban boosts ad interest in Meta’s short-form video platforms and YouTube
Trump’s crypto team takes shape with key appointments
Bitcoin surpasses $100,000, showing investor optimism about regulatory changes under Trump’s leadership
Apple plans three-year modem rollout to compete with Qualcomm, Bloomberg News reports
Investors monitor whether Qualcomm’s focus on laptops and AI offsets potential Apple revenue declines
Google files lawsuit against U.S. regulator over Google Pay supervision
Google’s legal challenge comes during heightened regulatory scrutiny of Silicon Valley firms under President Joe Biden’s administration
Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows
Black Friday sees $10.8 billion in online sales, while Cyber Monday reaches $13.3 billion
TikTok must divest from Chinese ownership or face U.S. ban
TikTok ordered to divest U.S. operations to continue serving 170 million American users
UAE’s Mubadala to address under-investment in Asia, CEO says
ABU DHABI: Abu Dhabi’s Mubadala Investment Company is under-invested in Asia and the geography will be a focus area for the sovereign...
China sanctions 13 U.S. firms involved in $385 mn Taiwan arms deal
China views Taiwan as its territory and opposes international interactions with its leaders
Honda to recall over 205,000 US SUVs over fuel leak concern
The recall includes some Passport and Pilot vehicles from model years 2023-2025
Global billionaire count grows 17%, wealth reaches $14 trillion
Billionaires in the U.S. rise to 835, China decreases to 427, and India climbs to 185
Musk grows xAI with plans to deploy over 1 million GPUs for AI training
Musk plans $45 billion xAI to challenge AI giants like OpenAI and Google