xAI Releases Agentic Coding Model
With the release of grok-code-fast-1 Elon Musks's AI venture enters the ring for one of the most monetizable segments of the AI ecosystem.
Business
BYD Soars Past Tesla as Europe Car Sales Resume Growth
Newcomer BYD's share of the European auto market beat Tesla's by 50% as sales growth rebounded to 5.9% on German demand.
China Seeks to Triple AI Chip Capacity
In an urgent push to end reliance on GPUs from Nvidia and AMD China is building three major chip fabrication plants.
How Do US Tariffs Impact India?
Doubling of the initially announced 25% tariffs could cost India a reduction in the $46 billion trade surplus it enjoyed from US trade in 2024.
Starship Escapes Rut to Score Milestones
SpaceX's biggest launch vehicle succeeds in reaching orbit and deploying 8 dummy satellites after a series of failed launches.
Anthropic Settles Class Action on Behalf of Pirated Authors
Anthropic is thought to have downloaded upwards of seven million books from pirate websites for its Claude AI platform.
Rare Earth Prices Soar As US Miner Cuts Ore Shipments to China
MP Materials has stopped shipments which accounted for around 7% - 9% of ore used by China's rare-earth refiners.
Sinopec to Build World's Largest Green Hydrogen Plant in Saudi Arabia
Saudi Arabia hired China's Sinopec to build the world's biggest green hydrogen and green ammonia plant to be powered by solar and wind generators.
German Manufacturing Job Losses Accelerate
Intensifying auto competition from Asia combined with slumping exports to the US and China have cost 250,000 manufacturing jobs since 2019.
US Consumers with Prime Credit Slipping on Payments
In another sign of growing economic stress caused by Trump policies, consumers with the highest credit ratings are also showing signs that their finances are ...
Evolving Battery Technologies Compete for EV Future
It will likely take another three or four years for several promising battery technologies to replace the lithium-ion (Li) technology currently used in most US ...
Unnecessary $10 Bil. US Stake in Intel Could Hurt Sales
Trump's gratuitous decision to take a $10 billion stake in Intel could hurt future sales and limit its ability to secure future government grants, according ...
Gates-Backed TerraPower to Build $4-Bil. Nuclear Reactor
With funding from Nvidia and Bill Gates TerraPower hopes to break ground on a Natrium liquid sodium nuclear reactor in Utah next year.
US Farm Exports to China Fell 53% in First Half
Trump's tariff war caused China to halve food imports from the US, including a 51% plunge in soybeans.
US 10% Stake in Intel Mostly Symbolic
The $10 billion had already been promised to Intel under a federal act to support domestic chipmaking by helping Intel establish its cutting-edge 14A chipmaking ...
Meta Signs Startup Midjourney As Image Generation Partner
The stunning aesthetics behind Midjourney's videos and images will help Meta's push to sign subscribers for its generative AI offerings.
China Steps in to Fill Formula E Vaccuum Left by US
China will host four Formula E races as Trump Pulls Plug on all EV incentives.
Apple in Talks to Use Google Gemini AI to Power Siri
Following talks with Anthropic and OpenAI, Apple appears to have settled on a deal with Google to boost Siri's AI capabilities.
Tesla Bumps Cybertruck Price $15,000 on Weak Sales
The luxury version of Tesla's Cybertruck Cyberbeast is now priced at $114,990.
US Rare-Earth Ore Exports to China Surged in July
A big shipment of rare-earth ore mined by MP Materials to its Chinese subsidiary for processing is likely the last one before US trade restrictions ...
Kunlunxin Scores Big Sale of Rival to Nvidia GPUs
China's push to develop alternatives to Nvidia's AI GPUs is gaining traction as Baidu-backed Kunlunxin sells $139 million worth of chipsets compatible with Nvidia's CUDA ...
ADB Finances Pakistan Railroad Upgrade As China Money Stalls
A $60 billion Chinese-backed Pakistan rail project is forced to turn to the Asian Development Bank for critical upgrades as funds from China fail to ...
Nvidia Awaits Approval to Sell Version of B30A GPU to China
While in Taipei to visit TSMC Jensen Huang says Nvidia is still awaiting government permission to sell a version of its new B30A GPU to ...
Sony Raises PlayStation 5 Prices on Tariffs
Playstation 5 consoles will be priced as high as $749.99 to offset tariffs and supply-chain uncertainties.
DeepSeek Releases Upgraded AI Model Using Domestic Chips
As China struggles to break its dependence on US chipmakers like Nvidia and AMD, DeepSeek obliges with an upgrade that improves performance using unspecified domestic ...
AI Enables Wizard of Oz at Sphere Spectacle
An immersive experience that can be enjoyed by up to 18,000 people has been created by using AI to bring the classic Wizard of Oz ...
Cultural Products Seen As a Key to S. Korean Export Growth
As manufacturing exports face headwinds from US tariffs, S. Korea's new leader sees the popularity of S. Korea's entertainment, media and food as a way ...
US Debt, Budget Deficit Surged in July Despite Higher Tariff Revenue
US credit rating remains unchanged at AA+ but S&P keeps eye on how tariffs will impact economy.
Tesla's New 6-Seat Model Y May Not Launch in US
In a non-sequitur Elon Musk cited the rise of self-driving to explain why the Model Y variant launched in China may not go into production ...
Russian Economy Shows Strains of Ukraine War
The heavy resources being allocated to a three-and-a-half-year war combined with oil revenues shrinking under sanctions may push the Russian economy into recession.
Markets Hit by Angst Over AI Prospects
Amid astronomical AI sector share prices that have supported hundreds of billions of dollars of investments, cracks are appearing in investor confidence.
Tencent Releases Trailer for New Wukong Video Game
China's global soft power increased with the smash hit video game Black Myth: Wukong based on a character from Chinese folklore.
China iPhone Sales Plunged in July
Foreign branded smartphone sales fell by 31.3% year-on-year, reflecting consumer economic uncertainty combined with resentment over exorbitant US tariffs.
Taiwan Exports Surge on AI Demand but Tariffs Dim Outlook
The insatiable demand for chips for AI data centers produced a 15.2% jump in exports for July.
Trump Tariffs Force India Shrimp Farmers to Consider Switch
Indian shrimp farmers have become major suppliers to US supermarket chains like Walmart and Kroger, but are now considering switching to farming fish.
China Concocts Cartel Scheme to Ease Solar Panel Overcapacity
By forcing stronger solar panel makers to buy weaker ones, then combine into a cartel to fix prices, Beijing hopes to end hypercompetition.
Son's Close Ties with Tan Behind Token $2 Bil. Intel Stake
Masayoshi Son has cultivated close ties with the leaders of the US chip sector, including Jensen Huang, and is going on the offensive to grow ...
China Takes Up Slack from Falling India Demand for Russian Oil
As India reduces purchases of Russian oil under pressure from Trump tariff threat, China steps in to buy up about 12 million barrels of Russian ...
Japan July Exports Plunged Most Since Covid
The devastating impact of Trump tariffs are beginning to be logged by even the closest of US, portending a global slowdown that won't spare the ...
US Mulls Possible Stakes in Chip Sector
Taking an equity stake in key chip manufacturers building US plants may put the US on a slippery slope toward China-style state-owned enterprises.
Softbank Pumps $2 Billion into Intel
The oldline US chipmaker tapped by Trump to help rebuild domestic chipmaking capacity gets a much-needed Softbank investment just days after Trump suggested a possible ...
Christmas Celebrations Dimmed by China Tariffs
Tariffs and uncertainties surrounding further tariffs have severely depleted expected inventories of fake firs and other Christmas decor.
AI Agents Essential for Virtually All Video Game Developers
The video game industry cuts jobs as more developers rely on AI agents to improve efficiency by speeding up routine tasks involving text, voice, code, ...
Homebuilder Sentiment Dips Unexpectedly in August
Homebuilder sentiment improved slightly in the West but dipped to the lowest level since 2022 in the rest of the country.
Tesla Begins Taking Orders for Model Y L for China
The redesigned upgrade of the aging Model Y is priced at $47,184 as a growing field of domestic EV models erode Tesla's China market share.
Tesla Discounts UK Lease Payments by 40% As Sales Dive
A 60% sales plunge for the month of July combined with lack of storage space forces Tesla to offer massive lease payment discounts.
Manufacturing Output Stalls in July
Tariff disruptions in the manufacturing supply chains force manufacturers into a lull.
Taiwan's 2025 GDP Growth Expected to Beat Forecasts
Surging chip demand from tech giants puts Taiwan's GDP growth on track to grow 4.45%.
China's LandSpace Test Launch Fails
The pioneer in building reusable methane-fueled rockets cited an "anomaly" for the test rocket's failure soon after launch.
July Retail Sales Rise on Strong Car Demand, Promotions
A solid month for retail volume helps cover up a growing weakness in likely consumer spending as tariff disruptions begin to have a more substantial ...
xAI Releases Agentic Coding Model
With the release of grok-code-fast-1 Elon Musks's AI venture enters the ring for one of the most monetizable segments of the AI ecosystem.
BYD Soars Past Tesla as Europe Car Sales Resume Growth
Newcomer BYD's share of the European auto market beat Tesla's by 50% as sales growth rebounded to 5.9% on German demand.
China Seeks to Triple AI Chip Capacity
In an urgent push to end reliance on GPUs from Nvidia and AMD China is building three major chip fabrication plants.
How Do US Tariffs Impact India?
Doubling of the initially announced 25% tariffs could cost India a reduction in the $46 billion trade surplus it enjoyed from US trade in 2024.
Starship Escapes Rut to Score Milestones
SpaceX's biggest launch vehicle succeeds in reaching orbit and deploying 8 dummy satellites after a series of failed launches.
Anthropic Settles Class Action on Behalf of Pirated Authors
Anthropic is thought to have downloaded upwards of seven million books from pirate websites for its Claude AI platform.
Rare Earth Prices Soar As US Miner Cuts Ore Shipments to China
MP Materials has stopped shipments which accounted for around 7% - 9% of ore used by China's rare-earth refiners.
Sinopec to Build World's Largest Green Hydrogen Plant in Saudi Arabia
Saudi Arabia hired China's Sinopec to build the world's biggest green hydrogen and green ammonia plant to be powered by solar and wind generators.
German Manufacturing Job Losses Accelerate
Intensifying auto competition from Asia combined with slumping exports to the US and China have cost 250,000 manufacturing jobs since 2019.
US Consumers with Prime Credit Slipping on Payments
In another sign of growing economic stress caused by Trump policies, consumers with the highest credit ratings are also showing signs that their finances are ...
Evolving Battery Technologies Compete for EV Future
It will likely take another three or four years for several promising battery technologies to replace the lithium-ion (Li) technology currently used in most US ...
Unnecessary $10 Bil. US Stake in Intel Could Hurt Sales
Trump's gratuitous decision to take a $10 billion stake in Intel could hurt future sales and limit its ability to secure future government grants, according ...
Gates-Backed TerraPower to Build $4-Bil. Nuclear Reactor
With funding from Nvidia and Bill Gates TerraPower hopes to break ground on a Natrium liquid sodium nuclear reactor in Utah next year.
US Farm Exports to China Fell 53% in First Half
Trump's tariff war caused China to halve food imports from the US, including a 51% plunge in soybeans.
US 10% Stake in Intel Mostly Symbolic
The $10 billion had already been promised to Intel under a federal act to support domestic chipmaking by helping Intel establish its cutting-edge 14A chipmaking ...
Meta Signs Startup Midjourney As Image Generation Partner
The stunning aesthetics behind Midjourney's videos and images will help Meta's push to sign subscribers for its generative AI offerings.
China Steps in to Fill Formula E Vaccuum Left by US
China will host four Formula E races as Trump Pulls Plug on all EV incentives.
Apple in Talks to Use Google Gemini AI to Power Siri
Following talks with Anthropic and OpenAI, Apple appears to have settled on a deal with Google to boost Siri's AI capabilities.
Tesla Bumps Cybertruck Price $15,000 on Weak Sales
The luxury version of Tesla's Cybertruck Cyberbeast is now priced at $114,990.
US Rare-Earth Ore Exports to China Surged in July
A big shipment of rare-earth ore mined by MP Materials to its Chinese subsidiary for processing is likely the last one before US trade restrictions ...
Kunlunxin Scores Big Sale of Rival to Nvidia GPUs
China's push to develop alternatives to Nvidia's AI GPUs is gaining traction as Baidu-backed Kunlunxin sells $139 million worth of chipsets compatible with Nvidia's CUDA ...
ADB Finances Pakistan Railroad Upgrade As China Money Stalls
A $60 billion Chinese-backed Pakistan rail project is forced to turn to the Asian Development Bank for critical upgrades as funds from China fail to ...
Nvidia Awaits Approval to Sell Version of B30A GPU to China
While in Taipei to visit TSMC Jensen Huang says Nvidia is still awaiting government permission to sell a version of its new B30A GPU to ...
Sony Raises PlayStation 5 Prices on Tariffs
Playstation 5 consoles will be priced as high as $749.99 to offset tariffs and supply-chain uncertainties.
DeepSeek Releases Upgraded AI Model Using Domestic Chips
As China struggles to break its dependence on US chipmakers like Nvidia and AMD, DeepSeek obliges with an upgrade that improves performance using unspecified domestic ...
AI Enables Wizard of Oz at Sphere Spectacle
An immersive experience that can be enjoyed by up to 18,000 people has been created by using AI to bring the classic Wizard of Oz ...
Cultural Products Seen As a Key to S. Korean Export Growth
As manufacturing exports face headwinds from US tariffs, S. Korea's new leader sees the popularity of S. Korea's entertainment, media and food as a way ...
US Debt, Budget Deficit Surged in July Despite Higher Tariff Revenue
US credit rating remains unchanged at AA+ but S&P keeps eye on how tariffs will impact economy.
Tesla's New 6-Seat Model Y May Not Launch in US
In a non-sequitur Elon Musk cited the rise of self-driving to explain why the Model Y variant launched in China may not go into production ...
Russian Economy Shows Strains of Ukraine War
The heavy resources being allocated to a three-and-a-half-year war combined with oil revenues shrinking under sanctions may push the Russian economy into recession.
Markets Hit by Angst Over AI Prospects
Amid astronomical AI sector share prices that have supported hundreds of billions of dollars of investments, cracks are appearing in investor confidence.
Tencent Releases Trailer for New Wukong Video Game
China's global soft power increased with the smash hit video game Black Myth: Wukong based on a character from Chinese folklore.
China iPhone Sales Plunged in July
Foreign branded smartphone sales fell by 31.3% year-on-year, reflecting consumer economic uncertainty combined with resentment over exorbitant US tariffs.
Taiwan Exports Surge on AI Demand but Tariffs Dim Outlook
The insatiable demand for chips for AI data centers produced a 15.2% jump in exports for July.
Trump Tariffs Force India Shrimp Farmers to Consider Switch
Indian shrimp farmers have become major suppliers to US supermarket chains like Walmart and Kroger, but are now considering switching to farming fish.
China Concocts Cartel Scheme to Ease Solar Panel Overcapacity
By forcing stronger solar panel makers to buy weaker ones, then combine into a cartel to fix prices, Beijing hopes to end hypercompetition.
Son's Close Ties with Tan Behind Token $2 Bil. Intel Stake
Masayoshi Son has cultivated close ties with the leaders of the US chip sector, including Jensen Huang, and is going on the offensive to grow ...
China Takes Up Slack from Falling India Demand for Russian Oil
As India reduces purchases of Russian oil under pressure from Trump tariff threat, China steps in to buy up about 12 million barrels of Russian ...
Japan July Exports Plunged Most Since Covid
The devastating impact of Trump tariffs are beginning to be logged by even the closest of US, portending a global slowdown that won't spare the ...
US Mulls Possible Stakes in Chip Sector
Taking an equity stake in key chip manufacturers building US plants may put the US on a slippery slope toward China-style state-owned enterprises.
Softbank Pumps $2 Billion into Intel
The oldline US chipmaker tapped by Trump to help rebuild domestic chipmaking capacity gets a much-needed Softbank investment just days after Trump suggested a possible ...
Christmas Celebrations Dimmed by China Tariffs
Tariffs and uncertainties surrounding further tariffs have severely depleted expected inventories of fake firs and other Christmas decor.
AI Agents Essential for Virtually All Video Game Developers
The video game industry cuts jobs as more developers rely on AI agents to improve efficiency by speeding up routine tasks involving text, voice, code, ...
Homebuilder Sentiment Dips Unexpectedly in August
Homebuilder sentiment improved slightly in the West but dipped to the lowest level since 2022 in the rest of the country.
Tesla Begins Taking Orders for Model Y L for China
The redesigned upgrade of the aging Model Y is priced at $47,184 as a growing field of domestic EV models erode Tesla's China market share.
Tesla Discounts UK Lease Payments by 40% As Sales Dive
A 60% sales plunge for the month of July combined with lack of storage space forces Tesla to offer massive lease payment discounts.
Manufacturing Output Stalls in July
Tariff disruptions in the manufacturing supply chains force manufacturers into a lull.
Taiwan's 2025 GDP Growth Expected to Beat Forecasts
Surging chip demand from tech giants puts Taiwan's GDP growth on track to grow 4.45%.
China's LandSpace Test Launch Fails
The pioneer in building reusable methane-fueled rockets cited an "anomaly" for the test rocket's failure soon after launch.
July Retail Sales Rise on Strong Car Demand, Promotions
A solid month for retail volume helps cover up a growing weakness in likely consumer spending as tariff disruptions begin to have a more substantial ...
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