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Apple’s holiday-quarter sales likely dented by AI delays, Chinese competition

January 29 2025 | TW News Correspondent

Apple (AAPL.O), opens new tab is expected to report tepid quarterly revenue growth on Thursday as its slow roll-out of artificial intelligence features and tough Chinese competition weighed on iPhone demand during the crucial holiday-shopping season.

The company and its rivals Google and Samsung have been leaning on AI to drive sales of their devices. But Apple's latest iPhone 16 series lacke...
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AI stock shock could spark broader gains in US market

January 29 2025 | TW News Correspondent

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 ha...
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Alibaba releases AI model it says surpasses DeepSeek

January 29 2025 | TW News Correspondent

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...
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TikTok to invest $3.8 bln in Thailand data hosting project, investment board says

January 29 2025 | TW News Correspondent

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 billion of approved new projects announced by Thailand's Board of Investment. It said the TikTok investment would support activities of affiliated companies. ‍Source: reuters.


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Tech selloff deepens as DeepSeek upsets global AI race

January 28 2025 | TW News Correspondent

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 a...
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SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push

January 28 2025 | TW News Correspondent

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, t...
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DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

January 28 2025 | TW News Correspondent

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 weeks as a...
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Chinese AI startup DeepSeek overtakes ChatGPT on Apple App Store

January 27 2025 | TW News Correspondent

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 States.

Powered by the DeepSeek-V3 model, which its creators say "tops the leaderboard among open-source models and rivals the most advanced closed-source models globally", the artificial intelli...
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OpenAI to face Indian news firms of Ambani, Adani in copyright battle, documents show

January 27 2025 | TW News Correspondent

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...
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