Category: Business

The multibillion-dollar Stargate Project announced by U.S. President Donald Trump will focus on building data centers with the goal of turning the U.S. into a computing power empire, according to experts. Some believe the significant boost in U.S. computational capabilities will widen the gap with China in artificial intelligence. “And this is an industrial buildout that, at least right now, China really is not in a position to do because of the [semiconductor] export controls that the United States is placing,” said Dean W. Ball, a research fellow at George Mason University’s Mercatus Center. However, there are signs that China is catching up with U.S. companies in key AI metrics by relying on open-source software. Click here for the full report in Mandarin. ...

LONDON/SINGAPORE — Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on Western companies' dominance in this sector.  Startup DeepSeek last week launched a free assistant it says uses less data at a fraction of the cost of incumbent players' models, possibly marking a turning point in the level of investment needed for AI.   Futures on the Nasdaq 100 slid almost 4%, suggesting the index could see its biggest daily slide since September 2022 later on Monday, if those losses are sustained.  Those on the S&P 500 dropped 2%. Shares in AI chipmaker Nvidia fell more than 11%, rival Oracle dropped 8.5% and AI data analytics company Palantir lost 6.5% in pre-market trading.…

Plastic waste accounts for 10 to 12 percent of all solid waste in Kenya, according to the United Nations Environmental Program. A Kenyan tech company is using plastic waste to print 3D models that help college students with their learning while reducing damage to the environment. Mohammed Yusuf reports from Nairobi. ...

ABOARD AIR FORCE ONE — U.S. President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app's future in the next 30 days. "I have spoken to many people about TikTok and there is great interest in TikTok," Trump told reporters on Air Force One during a flight to Florida. Earlier in the day, Reuters reported two people with knowledge of the discussions said Trump's administration is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app's operations. Under the deal being negotiated by the White House, TikTok's China-based owner, ByteDance, would retain a stake in the company, but data…

HARRISBURG, PENNSYLVANIA — Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals with power plant owners to plug in directly, avoiding a potentially longer and more expensive process of hooking into a fraying electric grid that serves everyone else.  It's raising questions over whether diverting power to higher-paying customers will leave enough for others and whether it's fair to excuse big power users from paying for the grid. Federal regulators are trying to figure out what to do about it, and quickly.  Front and center is the data center that Amazon's cloud computing subsidiary, Amazon Web Services, is building next to the Susquehanna nuclear plant in eastern Pennsylvania.  The arrangement between the plant's owners and AWS — called a "behind the meter"…

OAKLAND, CALIFORNIA — From his home in northern California, Nick Russell, a former farm manager, is monitoring the Los Angeles-area fires. He knows that about 600 kilometers south, people in Los Angeles are relying on his team’s live neighborhood-by-neighborhood updates on fire outbreaks, smoke direction, surface wind predictions and evacuation routes. Russell is vice president of operations at Watch Duty, a free app that tracks fires and other natural disasters. It relies on a variety of data sources such as cameras and sensors throughout the state, government agencies, first responders, a core of volunteers, and its own team of reporters. An emergency at his house, for example, would be "much different" from one at his neighbor's house .4 kilometers away, Russell said. "That is true for communities everywhere, and that’s where…

WASHINGTON — U.S. President Donald Trump on Thursday signed an executive order related to AI to "make America the world capital in artificial intelligence," his aide told reporters in the White House's Oval Office. The order sets a 180-day deadline for an Artificial Intelligence Action Plan to create a policy "to sustain and enhance America’s global AI dominance in order to promote human flourishing, economic competitiveness, and national security." Trump also told his AI adviser and national security assistant to work to remove policies and regulations put in place by former President Joe Biden. Trump on Monday revoked a 2023 executive order signed by Biden that sought to reduce the risks that artificial intelligence poses to consumers, workers and national security. Biden's order required developers of AI systems that pose risks…

London — Google's Android and Apple's iOS are facing fresh scrutiny from Britain's competition watchdog, which announced investigations Thursday targeting the two tech giants' mobile phone ecosystems under new powers to crack down on digital market abuses.  The Competition and Markets Authority said it launched separate investigations to determine whether the mobile ecosystems controlled by Apple and Google should be given "strategic market status" that would mandate changes in the companies' practices.  The watchdog is flexing its newly acquired regulatory muscles again after the new digital market rules took effect at the start of the year. The CMA has already used the new rules, designed to protect consumers and businesses from unfair practices by Big Tech companies, to open an investigation into Google's search ads business.  The new investigations will examine…

Before he had been in office for 48 hours, President Donald Trump sent a clear signal that to outpace China, his administration will be pursuing an aggressive agenda when it comes to pushing the United States forward on the development of artificial intelligence and the infrastructure that powers it. On his first day in office, Trump rescinded an executive order signed in 2023 by former President Joe Biden that sought to place some guardrails around the development of more and more powerful generative AI tools and to create other protections for privacy, civil rights and national security. The following day, Trump met with the leaders of several leading technology firms, including Sam Altman, CEO of Open AI; Larry Ellison, chairman of Oracle; and Masayoshi Son, CEO of SoftBank, to announce…

Singapore — TikTok’s short-lived shutdown in the United States has opened a wider debate in other countries regarding access to popular social media platforms by children. TikTok went dark temporarily Sunday in the U.S. after a new law banning it went into effect. The law required TikTok’s Chinese-owned parent company ByteDance to sell the app’s U.S. operation due to national security concerns over its ties to Beijing. After his inauguration on Monday, President Donald Trump signed an executive order halting the ban for 75 days, giving ByteDance additional time to find a buyer. The order provides relief to the app’s 170 million American users, many of them young adults. More than 60% of teenagers in the U.S. ages 13 to 17 use TikTok, with most of them accessing the platform daily,…

Millions of U.S. TikTok users are looking to newly sworn-in President Donald Trump, who has given the app’s Chinese parent, ByteDance, 75 days to strike a deal with a U.S. buyer. ...

WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.  The new entity, Stargate, will start building data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum.  "It's big money and high quality people," said Trump, adding that it's "a resounding declaration of confidence in America's potential" under his new administration.  Joining Trump fresh off his inauguration at the White House were Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle. All three credited Trump for…

Washington — TikTok restored services to users in the United States on Sunday after briefly blocking access due to a U.S. law banning the social media platform based on national security concerns.  The situation played out amid the change in U.S. administrations as President-elect Donald Trump said he would seek to “extend the period of time before the law's prohibitions take effect.”  He also proposed, in a post on his Truth Social platform, for the United States to take a 50% ownership stake in TikTok.  The U.S. Supreme Court on Friday upheld legislation passed by Congress that called for banning TikTok unless its China-based parent company sold it by Sunday.  The Biden administration had said it would not seek to enforce the ban in its final days in office, leaving the…

Bengaluru, India — Within five hours, while sitting at home in India, retired professor Kamta Prasad Singh handed over his hard-earned savings to online fraudsters impersonating police. The cybercrime known as "digital arrest" — where fraudsters pose online as law enforcement officials and order people to transfer huge amounts of money — has become so rampant that Prime Minister Narendra Modi has issued warnings. Singh told AFP that money was his life savings. "Over the years, I have skipped having tea outside, walked to avoid spending on public transport," the 62-year-old said, his voice breaking. "Only I know, how I saved my money." Police say scammers have exploited the vast gap between the breakneck speed of India's data digitalization, from personal details to online banking, and the lagging awareness of many…

SAN FRANCISCO — If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to U.S. officials. On April 24, President Joe Biden signed legislation requiring TikTok parent ByteDance to sell to a U.S. owner within a year or to shut down. TikTok and its China-based parent company, ByteDance, filed a lawsuit against the U.S., claiming the security concerns were overblown and the law…

Washington — TikTok said Sunday it was restoring service to users in the United States after the popular video-sharing platform went dark in response to a federal ban that President-elect Donald Trump said he would try to pause by executive order on his first day in office.  Trump said he planned to issue the order to give TikTok’s China-based parent company more time to find an approved buyer before the popular video-sharing platform is subject to a permanent U.S. ban. He announced the move on his Truth Social account as millions of U.S. TikTok users awoke to discover they could no longer access the TikTok app or platform.  Google and Apple removed the app from their digital stores to comply with the law, which required them to do so if TikTok…

WASHINGTON — TikTok stopped working in the United States late on Saturday and disappeared from Apple and Google app stores ahead of a law that takes effect Sunday requiring the shutdown of the app used by 170 million Americans. President-elect Donald Trump said earlier in the day he would "most likely" give TikTok a 90-day reprieve from the ban after he takes office on Monday, a promise TikTok cited in a notice posted to users on the app. TikTok, which is owned by China's ByteDance, told users attempting to use the app around 10:45 p.m. ET (0345 GMT): "A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can't use TikTok for now. We are fortunate that President Trump has indicated that he will work with us…

SpaceX says a fire might have caused its Starship to break during liftoff and send trails of flaming debris near the Caribbean. SpaceX's Elon Musk said preliminary indications are that leaking fuel built up pressure in the cavity above the engine firewall. The resulting fire would have doomed the spacecraft. On Friday, the Federal Aviation Administration ordered SpaceX to investigate what went wrong. The FAA said there were no reports of injuries from Starship debris. The 400-foot Starship — the world's biggest and most powerful rocket — launched from the southern tip of Texas on a test flight early Thursday evening. The booster made it back to the pad for a catch by giant mechanical arms, only the second time in Starship history. But the engines on the still-ascending spacecraft…

With a pending law declaring the social media application TikTok illegal in the United States, set to take effect on Sunday, the incoming administration of U.S. President-elect Donald Trump is signaling that it plans to try to find a way to prevent the service from going offline. Under current law, the service's parent company, China-based ByteDance, must either sell TikTok to a non-Chinese firm or see it banned in the U.S. Representative Mike Waltz, who has been tapped to serve as Trump's national security adviser, told Fox News on Thursday that the president-elect has options available to postpone enforcement of the law while a possible deal is worked out to sell the company. That includes a section of the law allowing the president to give ByteDance a 90-day extension to…

U.S. President-elect Donald Trump says he wants the United States to be the world leader in artificial intelligence and crypto currency. To that end, he has tapped a Silicon Valley entrepreneur and investor to be the AI and crypto czar. Michelle Quinn has the story. ...

CAPE CANAVERAL, Florida — Blue Origin's giant New Glenn rocket blasted off from Florida early Thursday morning on its first mission to space, an inaugural step into Earth's orbit for Jeff Bezos' space company as it aims to rival SpaceX in the satellite launch business. Thirty stories tall with a reusable first stage, New Glenn launched around 2 a.m. ET (0700 GMT) from Blue Origin's launchpad at the Cape Canaveral Space Force Station, its seven engines thundering for miles under cloudy skies on its second liftoff attempt this week. Hundreds of employees at the company's Kent, Washington headquarters and its Cape Canaveral, Florida rocket factory roared in applause as Blue Origin VP Ariane Cornell announced the rocket's second stage made it to orbit, achieving a long-awaited milestone. "We hit our key,…

BENGALURU — India became the world's fourth nation on Thursday to achieve the feat of space docking, a technological milestone that underscores its ambitions to expand its share of a rapidly growing $400-billion global space market.  Target and Chaser, two satellites of the Indian Space Research Organization (ISRO) that are each roughly the size of a large refrigerator, successfully latched onto each other Thursday morning, an agency spokesperson said.  The indigenous technology, crucial for satellite servicing, space station operations, and interplanetary missions, positions India for a key role in commercial and exploratory space efforts.  "India has ambitious missions planned and to achieve those, this is an important technology," astrophysicist Jayant Murthy said.  "Various missions, like building a space station, need assembly in space, which is not possible without space docking."  ISRO…

On Wednesday the U.S. Department of Commerce announced it would implement new export controls on certain biotechnology equipment, citing national security concerns relating to artificial intelligence and data science. The Commerce Department warned that China could use the biotech equipment’s technology to bolster its military capabilities and help design new weapons using artificial intelligence. The department said the technology has many applications, including its ability to be used for "human performance enhancement, brain-machine interfaces, biologically inspired synthetic materials and possibly biological weapons." The sanctions effectively restrict shipments of the technology to countries without a U.S. license, such as China. The controls apply to parameter flow cytometers and certain mass spectrometry equipment, which according to the Commerce Department, can “generate high-quality, high-content biological data, including that which is suitable for use…

TAIPEI, TAIWAN — As TikTok’s Sunday deadline to divest or face a U.S. ban approaches, hundreds of thousands of American users of the popular social media video app say they are migrating to another Chinese social media app, Xiaohongshu, or RedNote. Dubbing themselves “TikTok Refugees,” some say they are making the move in search of a new home; others say their exodus is a form of protest against the ban. With just days to go before the deadline, users are facing growing uncertainty as they wait for a ruling from the U.S. Supreme Court on whether the ban will be upheld. Reports are now suggesting that TikTok may just shut down its operations in the United States if the ban goes through. “Our government is out of their mind if they…

Two moon landers built by private U.S. and Japanese companies are on their way to the moon after lifting off early Wednesday on a shared ride aboard a SpaceX rocket. The launch from NASA’s Kennedy Space Center in Florida is the latest in a public-private program that put a spacecraft from Intuitive Machines on the moon last year. Wednesday’s launch included a lander from Japanese space exploration company ispace that is carrying a rover with the capability of collecting lunar dirt and testing potential food and water sources on the moon. The spacecraft is also carrying a small red “Moonhouse” built by Swedish artist Mikael Genberg. The ispace mission is expected to reach its destination on the moon’s far north in four to five months. The company is making its…

WASHINGTON — U.S. President Joe Biden signed on Tuesday an executive order to boost development of artificial intelligence infrastructure in America. A day earlier, his administration announced sweeping measures to block access to the most advanced semiconductors by China and other adversaries. But the U.S. left India, its strategic partner in the Indo-Pacific, off a list of 18 countries that are allowed unrestricted access to advanced AI chips. Analysts say while a growing technological relationship between the two countries would likely make India eligible in the future to access advanced U.S. AI chips, New Delhi's existing ties with Moscow and the perception of a less robust technology regulatory framework led to its exclusion from the top list. Exclusion not a surprise The Commerce Department's policy framework divides the world into three…

Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares. An SEC rule requires investors to disclose within 10 calendar days, or by March 24, 2022, in Musk's case, when they cross a 5% ownership threshold. The SEC said that at the expense of unsuspecting investors, Musk bought more than $500 million of Twitter shares at artificially low prices before finally revealing his purchases on April 4,…

The White House says it has finalized rules that crack down on Chinese and Russian automobile technology effectively banning all personal smart cars from the two countries from entering the U.S. market. In a White House fact sheet detailing the decision, the Biden administration Tuesday said that while connected vehicles offer advantages, the involvement of foreign adversaries such as China and Russia in their supply chains presents serious risks granting “malign actors unfettered access to these connected systems and the data they collect.” “The Department of Commerce has issued a final rule that will prohibit the sale and import of connected vehicle hardware and software systems, as well as completed connected vehicles, from the PRC and Russia,” the fact sheet said. PRC is the acronym for China’s official name, the…