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Trump’s AI Czar Warns Overregulation Could Let China Win AI Race

Jun 11, 2025 02:37 am UTC| Politics Technology Governance

White House AI czar David Sacks warned Tuesday that excessive U.S. regulation on artificial intelligence could hinder innovation and give China a competitive edge. Speaking at the AWS Summit in Washington, Sacks dismissed...

TSMC May Sales Surge 40% on Strong AI Chip Demand

Jun 10, 2025 07:26 am UTC| Technology Business

Taiwan Semiconductor Manufacturing Co. (TW:2330) (NYSE:TSM), the worlds largest contract chipmaker, reported a 39.6% year-over-year increase in May sales, driven by booming demand for artificial intelligence (AI) chips....

Apple Unveils AI Features and Software Overhaul at WWDC 2025

Jun 10, 2025 07:21 am UTC| Technology Business

Apple (NASDAQ:AAPL) introduced a series of AI-powered features and software updates at its 2025 Worldwide Developers Conference, focusing on practical enhancements rather than bold new breakthroughs. The highlight was...

Huawei CEO Downplays U.S. Concerns Over Ascend AI Chip Capabilities

Jun 10, 2025 02:17 am UTC| Technology Business

Huawei Technologies founder and CEO Ren Zhengfei has dismissed U.S. warnings about the companys Ascend AI chips, suggesting the United States is overstating their technological capabilities. In a statement published by...

NVIDIA Boosts European AI Push with UK, EU Expansion and £1B UK Partnership

Jun 10, 2025 00:49 am UTC| Technology Business

NVIDIA (NASDAQ:NVDA) shares climbed 0.94% to $143.03 by 11:40 AM ET Monday as CEO Jensen Huang launched a major European push during London Tech Week alongside U.K. Prime Minister Keir Starmer. The event marked a strategic...

Getty Images Takes Stability AI to Court Over Copyright in Landmark UK Case

Jun 09, 2025 05:43 am UTC| Business Technology Law

Getty Images has launched a major copyright lawsuit against artificial intelligence firm Stability AI at Londons High Court, in a case expected to set a precedent for AI-related copyright law. The image licensing giant...

Morgan Stanley Stays Bullish on Tesla Despite Musk-Trump Clash

Jun 09, 2025 05:18 am UTC| Business Technology Insights & Views

Morgan Stanley (NYSE:MS) reiterated its Overweight rating on Tesla (NASDAQ:TSLA) with a $410 price target, signaling a potential 39% upside despite recent volatility fueled by a public feud between Elon Musk and President...

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Economy

UAE Central Bank Probes Banque Misr Over Iran Links

The Central Bank of the United Arab Emirates has launched an urgent investigation into Banque Misrs UAE branches following a U.S. move to restrict the lenders access to the dollar clearing system over alleged financial...

Canadian Dollar Slides as Fed Rate Hike Bets Boost US Dollar

The Canadian dollar weakened on Friday and was on track for its sharpest weekly decline in more than two months, as a stronger U.S. dollar overshadowed surprisingly robust Canadian economic growth. The loonie traded near...

Bessent Defends US Yen Intervention Over Treasury Market Risks

U.S. Treasury Secretary Scott Bessent has defended Washingtons decision to support the Japanese yen in late July, arguing that severe currency volatility could threaten global financial stability and ultimately push U.S....

US Dollar Hits Two-Week High After Hawkish Fed Speech

The U.S. dollar climbed to a near two-week high on Friday after Federal Reserve Chair Kevin Warsh delivered a hawkish message at the Jackson Hole Economic Policy Symposium, strengthening expectations for a September...

Oil Prices Slip as Venezuela Supply Prospects Weigh on Market

Oil prices edged lower on Friday as traders assessed reports that the United States was nearing a deal for long-term access to Venezuelan crude reserves, potentially opening the door to billions of dollars in investment...

Politics

King Haakon VIII Honors Late Father Harald in First Address

King Haakon VIII of Norway paid an emotional tribute to his late father, King Harald, in his first address to the nation since ascending the throne, praising him as a devoted parent and a monarch who championed unity and...

Iceland Counts Votes in Close EU Membership Talks Referendum

Iceland began counting ballots late Saturday after voters took part in a closely contested referendum on whether the country should reopen European Union membership negotiations, reviving a decades-long debate over...

South Korea Leveraged Chip ETF Trading Plunges After New Rules

South Korean retail investors are rapidly retreating from leveraged exchange-traded funds linked to Samsung Electronics and SK Hynix after regulators imposed stricter trading requirements, Bloomberg reported Sunday....

Finland’s Stubb Says Russia Unlikely to Attack NATO

Finland President Alexander Stubb has played down concerns that Russia could launch an attack against a NATO member, arguing that Moscow would have little reason to challenge the worlds most powerful military alliance....

Nepal Declines Foreign Rescue Aid After Deadly Flash Flood

Nepal has said it does not currently require foreign search-and-rescue assistance following a devastating flash flood that killed nearly 500 people and left hundreds of foreign nationals missing. The disaster struck...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....

Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns

Nvidia has temporarily halted some deals tied to a recently introduced financing program for artificial intelligence cloud companies, amid internal concerns that the arrangement could attract greater antitrust scrutiny,...

Google Changes EU Spam Policy Amid Antitrust Scrutiny

Google has revised its spam policy in Europe after concerns from European Union regulators raised the possibility of a significant antitrust fine for Alphabet, the search giants parent company. The company said Friday that...

U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China

The U.S. government is investigating Singapore-based Apex Logistics over allegations that the freight company helped transport Nvidia AI chips and computer systems to China despite U.S. export restrictions, Bloomberg...