Telcos, Media & Tech
TikTok owner ByteDance on track for US$50 billion profit in 2025
Despite this, growth is likely to be slower than previous years
French court rejects Shein suspension
A FRENCH court on Friday rejected the state’s request to suspend Shein’s site in France as “disproportionate” after the Asian e-commerce giant removed illicit products sold on its platform.
The Chinese-made DJI drones used by US police face a MAGA-fuelled reckoning
If DJI fails to get FCC clearance by Christmas, it could join Huawei and ZTE on the agency’s list
OpenAI inks deals with US colleges, seizing early lead in education market
The company has sold more than 700,000 ChatGPT licences to about 35 public universities
TikTok says it signed agreements to create new US joint venture
TIKTOK chief executive officer Chew Shou Zi told employees that the social media app’s parent company, ByteDance, signed binding agreements to create a US joint venture majority-owned by American inve...
US Energy Department taps Big Tech for AI-powered research push
THE US Department of Energy said on Thursday it has signed agreements with 24 organisations, including tech giants such as Microsoft, Google and Nvidia, to advance the Genesis Mission.
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its Instacart+ membershi...
Google works to erode Nvidia’s software advantage with Meta’s help
The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs
Why China isn’t rushing to buy Nvidia’s H200 AI chip
The US is offering China Nvidia’s second-fastest AI chip, the H200, but Beijing is holding back. Behind the hesitation lies a high-stakes struggle over technology, control, and the future of domestic ...
PDD, owner of Temu, fires dozens of workers after fistfight with China officials
Regulators had requested to see PDD’s transaction data
