AFP
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Xiaomi launches new advanced in-house mobile chip
Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the company as Chinese firms shift resources towards home-grown technology against a bleak international trade backdrop. Xiaomi has not confirmed which company is manufacturing the XRING O1, though Lei said it uses the same second generation 3nm-process technology as Apple's latest chips.
Ads pressured to evolve as AI changes Google search
As Google races to lead in artificial intelligence, it faces the challenge of making sure the technology doesn't slow its profit-pumping advertising engine. - AI ad tools too - Google announced it is making AI tools available to streamline the creation of online ads, mirroring similar initiatives by Facebook-owner Meta, Google's primary rival in online advertising.
EU ready to tax Russian fertilisers as early as July
EU lawmakers are set to greenlight tariffs on fertiliser imports from Russia on Thursday, despite European farmers' fears the move risks sending global prices soaring. Over a quarter of the 27-nation bloc's imports of nitrogen-based fertilisers come from Russia, with more entering from Moscow ally Belarus -- which the European Commission now seeks to bring to an end.
Asian equities track Wall St sell-off as US deficit fears grow
Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.
Trump says mulling privatizing Fannie Mae and Freddie Mac
President Donald Trump said Wednesday he was considering selling off US mortgage-backing giants Fannie Mae and Freddie Mac almost two decades after they were brought under government control during a global financial crisis.
Consumer groups want airlines to pay for baggage fees 'distress'
Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees. They say that the fees and policies imposed by the airlines breach European Union aviation regulations and European Court of Justice rulings.
Apple design legend Jony Ive joins OpenAI
The legendary designer behind Apple's iPhone, Jony Ive, has joined OpenAI to create devices tailored for using generative artificial intelligence, according to a video posted Wednesday by the ChatGPT maker. Ive and his team will take over design at OpenAI as part of an acquisition of his startup named "IO" valued at $6.5 billion.
G7 finance chiefs begin talks under strain of Trump tariffs
G7 finance leaders exchanged pleasantries before tough discussions Wednesday, seeking to restore stability in the face of economic turbulence from US President Donald Trump's punishing tariffs -- and to strengthen support for Ukraine.
Bitcoin hits record high amid optimism over US legislation
Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. Bitcoin broke back through the symbolic $100,000 threshold on May 8 for the first time since February, as Britain and the United States unveiled a trade deal.
AFP
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