News
China's Xi invokes 'threat' of Taiwan independence in first cross-strait opposition talks in a decade
2+ hour, 32+ min ago (671+ words) Chinese President Xi Jinping met with Kuomintang party chair Cheng Li-wun in Beijing on Friday, the first encounter between Xi and a sitting Taiwanese opposition leader in nearly a decade. In a readout released by Chinese state media, Xi said…...
TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong
2+ hour, 56+ min ago (332+ words) Taiwan Semiconductor Manufacturing Co. on Friday posted another quarter of record revenue driven by demand for AI chips. For January to March, the world's largest chipmaker reported revenue of 1. 13 trillion new Taiwan dollars ($35. 6 billion), exceeding analyst forecasts of 1. 12 trillion new…...
Alibaba just revealed it's behind a viral AI video model dominating leaderboards
2+ hour, 13+ min ago (368+ words) A mysterious AI video model that has ascended global leaderboards has been confirmed as a project from Chinese tech giant Alibaba, in a development that could boost the company's artificial intelligence ambitions. Happy Horse-1. 0, which appeared on the benchmarking platform…...
Behind China's 'active efforts' for an Iran ceasefire: Business trumps politics
3+ hour, 3+ min ago (915+ words) BEIJING " China's ties with countries such as Iran and Russia have raised expectations of a bigger diplomatic role, but Beijing remains focused on protecting its own domestic interests, including global exports. That stance underpins Beijing's circumspect acknowledgment of reports that…...
Eli Lilly slips, Novo Nordisk holds firm as generic weight-loss drugs flood India
5+ hour, 14+ min ago (676+ words) The market share of India's most popular weight'loss drugmaker, Eli Lilly, slipped in March, while rival Novo Nordisk held steady even as Indian generic drugmakers flooded the market with lower'priced copies. Eli Lilly's Indian market share in the GLP'1 category…...
What this real-world oil price says about the level of stress in the energy market
5+ hour, 9+ min ago (639+ words) The fluctuating price of dated Brent, the global benchmark for real-world barrels of crude, has prompted energy analysts warn to that acute stress in the physical oil market shows little sign of abating amid worries over a fragile ceasefire in…...
The Trump administration is getting angry as EU Big Tech fines top $7 billion in 2 years
6+ hour, 9+ min ago (767+ words) The Trump administration is increasingly on a collision course with the European Union over Big Tech fines. Google, Apple and Meta are contesting fines from the EU over violations of the bloc's antitrust and competition laws, which total over 6 billion…...
Warsh Fed confirmation plan hits a snag as expected nomination hearing is delayed
8+ hour, 55+ min ago (298+ words) The expected nomination hearing for Federal Reserve chair candidate Kevin Warsh has been delayed, a person familiar with the matter told CNBC on Thursday evening. Warsh had been set to appear before the Senate Banking Committee on April 16. That won't…...
Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge
9+ hour, 26+ min ago (476+ words) BEIJING " Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as Open AI's Chat GPT. The shift recognizes the limits of "large language models…...
Fast Retailing shares soar to record high after the Uniqlo owner lifts profit forecast
9+ hour, 30+ min ago (241+ words) Fast Retailing shares surged more than 9% to a record high on Friday after the Japanese parent of Uniqlo lifted its annual outlook and as robust international growth boosted its quarterly profit. Reflecting the stronger first-half performance and favorable currency assumptions,…...