BUSINESS

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Huawei is making a strategic pivot in China's artificial intelligence chip market, targeting Nvidia's stronghold by focusing on inference processing rather than model training. The Chinese tech giant is positioning its Ascend AI processors as the preferred choice for companies running inference tasks - the computational process where AI models generate responses to prompts.
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The Securities and Exchange Commission launched a significant legal probe against Elon Musk on January 14, 2025, alleging he deliberately delayed disclosing his Twitter ownership to acquire additional shares at artificially depressed prices. The federal lawsuit, filed in Washington DC, claims this delay cost other shareholders at least $150 million.
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Gaming giant Nintendo has finally lifted the veil on its latest console, the Nintendo Switch 2, during an announcement that has had gamers buzzing with anticipation for years. Scheduled for release in 2025, this successor to the wildly popular Nintendo Switch promises to blend innovation with continuity, ensuring its appeal to both seasoned players and newcomers alike.
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Apple lost its position as the best-selling smartphone brand in China last year, according to new data released Thursday, as two local rivals, Huawei and Vivo, surpassed the tech giant with increasing shipments. Industry data provider Canalys reports that Apple held a 15 percent market share in China, trailing behind Huawei's 16 percent and Vivo's leading 17 percent.

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Shoppers in China are enjoying rare discounts on Apple's flagship iPhones, signaling the tech giant's response to growing competition and shifting consumer habits. From January 4, Apple launched a four-day promotion, offering discounts of up to 500 yuan ($68.50) on its newest models, including the iPhone 16 Pro and Pro Max.

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The energy giant BP, has announced plans to eliminate approximately 7,700 positions globally, marking one of the company's largest workforce reductions in recent years. CEO Murray Auchincloss revealed that 4,700 internal roles and over 3,000 contractor positions will be cut as part of a broader strategy to streamline operations and reduce costs.
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Tesla's full-year auto sales fell short of the company's forecast, as reported Thursday, indicating increased competition in the electric vehicle market, particularly in China. While the company achieved a record 495,570 deliveries in the fourth quarter, it missed Wall Street expectations, resulting in a full-year total of just under 1.8 million vehicles, approximately one percent lower than 2023 sales, despite a previous projection of "slight growth."

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More Articles ...

  1. OIL PRICES CLIMB ON CHINA'S ECONOMIC OPTIMISM AS INVESTORS RESUME BUSINESS
  2. ALIBABA MAKES A $1.3 BILLION LOSS AFTER SELLING INTIME DEPARTMENT STORE
  3. META UNVEILS LIVE AI, TRANSLATIONS, AND SHAZAM ON RAY-BAN SMART GLASSES: EARLY ACCESS REQUIRED FOR SELECT FEATURES
  4. SOFTBANK CEO AND TRUMP ANNOUNCE $100 BILLION U.S. INVESTMENT TO BOOST AI AND INFRASTRUCTURE
  5. LAMBORGHINI DELAYS FIRST ELECTRIC VEHICLE LAUNCH UNTIL 2029
  6. STANLEY RECALLS 2.6 MILLION MUGS FOLLOWING BURN INJURIES
  7. ALBERTSONS TERMINATES $25 BILLION MERGER WITH KROGER, FILES LAWSUIT
  8. COFFEE PRICES HIT RECORD HIGH
  9. BOEING RESUMES PRODUCTION AT SEATTLE PLANTS
  10. NVIDIA PROBED FOR 'VIOLATING' CHINA'S ANTI-MONOPOLY LAW
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