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Tag: Investment

China’s chip industry faces funding slump in 2024 amidst US tech rivalry

China's chip industry will see an over 30% funding drop in 2024 as US restrictions and domestic challenges reshape the semiconductor sector.

ChatGPT targets 1 billion users with ads and data centre investments

ChatGPT aims to reach 1 billion users in 2025 by investing in data centres and exploring advertising strategies for future growth.

Dutch chipmaker NXP and TSMC affiliate set sights on expanding US$7.8 billion Singapore venture

NXP and VIS plan to expand their US$7.8 billion Singapore venture to strengthen global chip production amid rising US-China tensions.

Take-Two Interactive sells Private Division to focus on core and mobile games

Take-Two Interactive sells the indie label Private Division to refocus on core and mobile games; the buyer remains undisclosed but has gained major titles.

New study reveals 95% of CEOs prioritise tech investments amid hybrid work boom

95% of CEOs prioritise tech investments to support hybrid work, with focus areas in AI, cloud, and security, driving productivity and employee satisfaction.

Intel reportedly declines ARM’s offer to purchase product division

Intel turned down ARM’s offer to buy its product division as financial struggles continue, rivals circle, and investment options remain on the table.

TSMC dismisses Sam Altman’s US$7 trillion chip manufacturing proposal

TSMC rejects OpenAI CEO Sam Altman’s US$7 trillion plan to build chipmaking plants, raising concerns over its feasibility and financial risks.

Osom Products, founded by former Essential staff, is closing down

Osom Products, founded by former Essential employees, is closing down. It cites financial difficulties and the inability to secure new investments.

Apple and Nvidia are considering joining the OpenAI funding round

Apple and Nvidia are reportedly in talks to invest in OpenAI, joining Microsoft in a funding round that could value OpenAI at over US$100 billion.

ChatGPT sees rapid growth, doubling its weekly users in under a year

ChatGPT's weekly users have doubled to over 200 million in less than a year, with widespread use among Fortune 500 companies and new AI safety measures.

Yelp takes Google to court over alleged antitrust violations

Yelp files an antitrust lawsuit against Google, alleging unfair local search practices that harm competition and degrade service quality.

Meta settles with Texas for US$1.4 billion over a facial recognition dispute

Meta agrees to pay US$1.4 billion to settle a Texas lawsuit over Facebook’s facial recognition technology, resolving privacy violations.