Musk demands job reports from U.S. civil servants as layoffs accelerate
The demand comes amid mass job cuts, with over 20,000 layoffs and buyout offers extended to 75,000 more employees across agencies
U.S. lawmakers accuse EU of imposing restrictive regulations on American firms
Donald Trump’s memorandum warns that his administration will scrutinize the EU’s Digital Markets Act and Digital Services Act
Apple partners with Foxconn to build AI server factory in Texas
The company aims to add 20,000 research and development jobs across the US as part of its broader investment strategy
Nvidia’s AI chip demand under scrutiny as DeepSeek disrupts market
Nvidia benefits most from AI investments, while DeepSeek's low-cost models raise doubts about its pricey chips
Illegal U.S. vape sales worth at least $2.4 billion in 2024
That compares to sales worth $3.2 billion in 2023 and $2.8 billion in 2022, the data shows
Qatar signs deal with Scale AI to use AI to boost government services
The deal allows Qatar's government to adopt tools such as predictive analytics, automation and advanced data analysis
Elon Musk’s Starlink faces competition as China plans 15,000 satellites
China launches a record 263 LEO satellites in 2024 as it competes with Starlink, which operates over 7,000 satellites and plans to expand to 42,000 by decade’s end
Alibaba to invest $52.4 billion in AI and cloud computing over three years
Alibaba's planned investment surpasses its total spending on AI and cloud computing over the past decade
Trump’s 10% oil tariff could cost $10b
BENGALURU: Goldman Sachs said on Friday a proposed 10% US oil tariff could cost foreign producers $10 billion per year, as Canadian...
Hong Kong budget to be released on Wednesday, financial secretary says
As Hong Kong prepares to unveil its highly anticipated new budget on Wednesday, Financial Secretary Paul Chan Mo-po has provided a glimpse...
Musk’s X wins court motion to remove judge in German election data lawsuit
The activist groups argue that X must provide accessible election data, including post reach, shares, and likes, which are technically viewable but hard to collect
NYC sues Trump administration over $80 million migrant shelter funds
The funds, originally allocated to cover migrant shelter costs, were withdrawn from a city bank account without notice, claims lawsuit
US securities regulator to drop lawsuit against cryptocurrency exchange platform
Under the current administration, the SEC scales back crypto enforcement and refocuses on cyber and emerging technologies
OpenAI bans accounts tied to China and North Korea for malicious AI activity
Authoritarian regimes try to leverage AI against the U.S. and their own people and uses AI tools to detect such operations, says OpenAI
Apple disables end-to-end encryption for iCloud backups in UK
The move ends end-to-end encryption for iCloud backups in the UK, allowing Apple to access user data and share it with authorities if required