A development in the field of artificial intelligence that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares that has propelled the market higher.
Tech stocks, led by megacap companies, have been the driving force of the current bull market. The S&P 500 tech sector (.SPLRCT), opens new tab has gained some 90% in...
READ MORE
Chinese tech company Alibaba (9988.HK), opens new tab on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly-acclaimed DeepSeek-V3.
The unusual timing of the Qwen 2.5-Max's release, on the first day of the Lunar New Year when most Chinese people are off work and with their families, points to the pressure Chinese AI startup DeepSeek's met...
READ MORE
ByteDance's TikTok will invest 126.8 billion baht ($3.76 billion) in a data hosting service in Thailand, the country's investment board said on Wednesday.
The investment was among $5 billio...
READ MORE
Global technology shares sank on Tuesday, as a market rout sparked by the emergence of a low-cost Chinese artificial intelligence model entered its second day, making investors question the sky-high valuation and dominance of AI bellwethers.
Shares of Nvidia (NVDA.O), opens new tab, a leader in the AI chip market, fell 17% on Monday, wiping $593 billion from its market value - a record one-day loss for any comp...
READ MORE
TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC.
The fresh financing doubles TravelPerk’s market value from January 2024, when it raised $104...
READ MORE
DeepSeek on Monday said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services, though existing users will be able to log in as usual.
The Chinese artificial intelligence startup has generated a lot of buzz in recent week...
READ MORE
Chinese startup DeepSeek's AI Assistant on Monday overtook rival ChatGPT to become the top-rated free application available on Apple's App Store in the United...
READ MORE
Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content, legal papers show.
Courts globally are hearing claims by authors, news organisations and musicians who accuse technology firms of using their copyrighted wo...
READ MORE
Collaboration to empower businesses in Bangladesh, Nepal, Bhutan, Sri Lanka, and the Maldives with Google Workspace and Cloud solutions.
Redington Limited, a leading technology solutions provider, is collaborating with Google Cloud to accelerate digital transformation across South Asia. This collaboration focuses on delivering advanced tools for productivit...
READ MORE
